LAVAL, QC, Sept. 20 /CNW/ - Stellar Pacific Ventures Ltd. (SPX) is pleased to announce the acquisition of 100% interest in 95 Claims covering 1,520 hectares located in the North Western Quebec's Urban and Barry townships. The 95 claims property is located 100 kilometres east of Lebel Sur Quevillon where significant results has been obtained by Noront Resources (NOT) recently. In December 1, 2006, Noront announced the results of three gold assays testing 1792.9 g/t, 800.1 g/t and 1327.9 g/t Au over 4.8 meters.
This area is well known for its gold potential, and the company is very pleased with this acquisition adding another attractive property to its portfolio. The company is earning 100% interest in the 95 claims by paying $25,000 and issuing 500,000 shares of the company to a prospector.
Stellar-Urban property:
Furthermore, the company has completed the ground magnetic survey on its Stellar-Urban property which revealed a moderate to strong magnetic relief dominated by the presence of several narrow E.NE-W.SW to E-W zones of magnetic high of 500 to 2 500 nT likely criss-crossed by several interpreted structural lineaments.(Pierre Boileau Eng report dated September 2007).
Stellar-Heva property:
The company is very pleased with the announcement made by Vantex Resources inc (VTX) and Aurizon Mines Ltd (ARZ) in which Aurizon Mines intent to acquire Vantex's 75% interest in Heva property (See press release dated September 13, 2007). Stellar Pacific Ventures hold 25% interest in the above property.
Head office:
Please note that the company has moved his head office from Laval to Montreal in order to be more efficient with proximities of business activities. The head office in now located at: 1155 University suite 812 Montreal Quebec Canada H3B 3A7.
Stellar Pacific Venture Inc. is a junior mining exploration company listed on the TSX-V whose primary objective is to develop and bring into production viable gold deposits.
"Michel Lemay"
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Michel Lemay
President
The TSX Venture Exchange has in no way passed on the merits of the
proposed transaction and has neither approved or disapproved the contents
of this press release.