(via Thenewswire.ca)
February 9 2009 - Supreme Resources Ltd. ("the Company" SPR-TSX.V ) is pleased to announce drill results and assay intercepts for its Ample-Goldmax Property near Lillooet, British Columbia. In the 2008 drill program, completed late in 2008, a total of seven drill holes were completed on the property with a total of 438m drilled.
Some of the drill results were described briefly in news releases dated September 15 and September 25, 2008, but no assays were available at that time.
The following drill intercepts are reported amongst others of lower value. (Weighted averages us a 1 gram per tonne ("gpt") cut-off:
DrillHole From(m) To(m) Intercept (m) Au(gpt)
AG 08-36 19.33 19.46 0.13 7.10
AG 08-37 7.37 7.50 0.13 11.39
58.54 64.63 6.09 4.17
AG 08-38 14.41 15.85 1.44 1.10
31.36 38.45 7,09 6.60
AG 08-39 10.37 18.90 8.53 5.91
AG 08-40 5.65 6.71 1.06 10.72
AG 08-41 No Significant Results
AG 08-42 Hole Abandoned
Widths are intercept widths and are not true widths, which are unknown at this time. Wider zones shaded in grey.
The following discussion is adapted from a draft report by Eric Stimson, M.S. (Geology) of Childs and Associates LLC of Montana.
The 2008 holes were drilled by Kendrick Drilling Services of Chilliwack, BC, using a three-man drill crew, working one 12-hour shift per day. The equipment used was a Hydracore 28 wireline diamond core drill. Core logging and sampling was done by geologist Eric Stimson under the supervision of John Childs P. Eng. who is a Qualified Person.
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Supreme Resources Ltd.
News Release
February 9, 2009
Page 2
Holes AG 08-36, -37, -38, and -41 were surveyed at their bottoms with a Reflex EZ-Shot down-hole survey instrument, rented from West Coast Drilling Supplies in Vancouver. Each box of drill core was photographed. Each drill core interval that was selected for geochemical analysis was split using a hand core splitter. Each split drill core interval was placed in a large plastic bag, with its corresponding sample ticket stub, closed with a plastic cable tie, and shipped to the analytical laboratory (see the following section on Analytical Methods). The boxes of split and un-split core are held in storage racks (outdoors, under tarps) in a secure location in Lillooet.
Drill core samples were transported securely to Acme Analytical Laboratories Ltd. of Vancouver, BC, a certified laboratory. Analysis was by the metallic-screening and traditional fire assay preparation and methods. According to industry standards for QA/QC in drill core analysis, for every 20 to 25 samples of the Ample-Goldmax drill core samples submitted to the analytical laboratory, three types of check samples were also submitted: (1) a duplicate sample composed of a quarter-core split of a previously split and analyzed section of drill core; (2) a standard pulp sample with a known elevated concentration of gold and silver; and (3) a standard blank pulp sample with a known low level of gold and silver.
Drillhole AG 08-38, which was a "twin" to Homestake's hole AG 96-07, collared in the same location and drilled in the same direction (azimuth) and at the same dip angle as the Homestake hole. A comparison of the two holes follows:
Homestake AG 96-07 24.80m to 33.00m 8.20m 11.76 gpt Au
Supreme' AG 08-38 31.36m to 38.45m 7.09m 6.60 gpt Au.
The apparent thicknesses and grades are reasonably similar, considering the nugget effect, and are thought to constitute good agreement between the two drill holes. The difference in depth may be due to deviation in the Homestake drillhole. The intercept in Supreme's hole AG 08-38 is considered to be confirmation of the zone of gold mineralization encountered by the previous Homestake drill hole.
Hole AG 08-37 entered a zone of gold mineralization not disclosed by the previous drilling. This hole had an intercept of 6.09m grading 4.17 gpt Au, the tenth‑best drill hole intercept on the property.
A new, near-surface zone of significant gold mineralization was discovered in Supreme's drill Hole AG 08-39, which encountered an estimated 8.53m of mineralized rock with an average gold grade of 5.91 gpt (the 4th best drill hole intercept on the property). This intercept is poorly documented, however, because of poor core recovery (averaging only 22%) achieved through this zone of extremely difficult drilling. The mineralized rock is characterized by abundant quartz veining with strong iron oxide development and the presence of visible gold at about 16.46m down the hole.
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Supreme Resources Ltd.
News Release
February 9, 2009
Page 2
Drill hole AG 08-40 also attempted to test this near-surface zone of mineralization but was also unable to achieve adequate core recovery through the mineralized zone. However, this hole did encounter quartz veining with visible gold in an interval from 5.65m to 6.71m (1.06m) grading 10.72 gpt Au, indicating that the near-surface zone of high-grade gold mineralization discovered by hole AG 08-39 extends at least nine meters (and possibly farther) in an east-west direction.
Drillhole AG 08-41 had no significant intercepts and Drillhole AG 08-42 was abandoned due to poor drilling conditions.
Additional work is contemplated by Supreme on the Goldmax-Ample property in 2009.
This press release was reviewed for accuracy and compliance by Barry J. Price, M.Sc., P.Geo., Qualified Person. The drill information was provided by Eric Stimson, M.S. (Geology) of Childs and Associates LLC of Montana.
FOR FURTHER INFORMATION CONTACT
John D. Davies
Director, CFO
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