Jun. 1, 2011 (TheNewswire.ca) --
TORONTO, ONTARIO -- Sea Green Capital (TSXV:SGS) Corp. (TSX VENTURE: SGS)("Sea Green" or the "Company") is pleased to announce the commencement of its Phase 1 exploration plans in the promising Yukon White Gold District.
The Phase 1 exploration program has commenced with soil and stream geochemistry and a reconnaissance soil sampling program to be followed shortly after by a geological mapping and prospecting program. As the White Gold District was not glaciated during the last ice age there is virtually no "overburden" therefore soil and stream geochemistry have proven to be effective exploration tools in the area.
Magnetic and radiometric airborne surveys are to be carried out in junction with surveys being anticipated by Goldspike in the immediate area around the projects and pending results further stripping/trenching with channel sampling and possible packsack drilling could be undertaken in the early Fall.
The Phase 1 program is budgeted at $400,000 at the recommendation of consulting geologist Bruce W. Mackie as per his Summary and Recommendations Report found on the front page of the company's website. (www.seagreeHYPERLINK "http://www.seagreencapital.com/"nHYPERLINK "http://www.seagreencapital.com/"capital.com)
"We are pleased to begin our 2011 Yukon exploration program. We have access to a great team of people in the field, helicopters, and the ability to execute the exploration plan successfully and within time constraints." States Alex MacKay, President and CEO of Sea Green Capital Corp.
About Sea Green Capital Corp.
Sea Green Capital Corp. is a Canadian based junior exploration company focused on gold exploration in the Yukon White Gold District and Casa-Berardi Region of Quebec.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Sea Green Capital Corp., including, but not limited to the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
ON BEHALF OF THE BOARD OF DIRECTORS
Alexander MacKay, President and CEO
Sea Green Capital Corp. Alexander MacKay President and CEO (416) 989-1067
Clark Kent Investor Relations (647) 519-2646 info@seagreencapital.com
Website: www.SeaGreenCapitaHYPERLINK "http://www.seagreencapital.com/"lHYPERLINK "http://www.seagreencapital.com/".com StockNetwork: www.SeaGreen.stocknetwork.com
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