Mar. 8, 2011 (TheNewswire.ca) --
Standard & Poor's announces & commences Factual Stock Report coverage on Supreme Resources Ltd. (TSXV:SPR) (OOTC:SPRWF)
Coquitlam BC, Canada, March 8 2011 SUPREME RESOURCES LTD. (SPR-TSX.V, SPRWF-OTC) "the Company" is pleased to announce that Standard & Poor's (S&P) has initiated Factual Stock Report Coverage on Supreme Resources Ltd. Link to view Supreme's S&P Report
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About Supreme Resources Ltd
Supreme Resources Ltd. (TXV: SPR, OTC: SPRWF) is a junior exploration company exploring base and precious metals properties located in producing mining districts of British Columbia, Canada. The company is in developmental stage as all projects are at the exploration stage.
The company is exploring the TAS & Verde projects located in the Copper Mountain Mining (TSX:CUM) Camp, 17 kilometers south of Princeton, British Columbia, Canada.
In August 2010, Supreme Resources commenced a summer and fall work program including core drilling on its TAS and Verde properties.
The claim adjoins Copper Mountain Mining Corporation's property on its southeastern boundary. According to Supreme Resources, the TAS project contains favorable geology, several copper occurrences and three exploration target areas, which are high-priority porphyry copper (silver-gold) targets for further exploration.
In November 2010, Supreme Resources announced the completion of the drilling programs on its TAS and Verde projects, both located in the Copper Mountain Mining Camp.
In late January 2011, Supreme Resources reported that assays results were imminent from four diamond drill holes completed on the TAS project. The company also announced the completion of eight drill holes (V1001-V1008) at the Verde project.
1.23% copper and 132 grams/tonne silver values were reported from the 2010 Verde drill program. The 2010 drill results from TAS Project confirmed the presence of copper-silver mineralization within the Copper Mountain Main Trend.
The company is presently planning a spring summer exploration and drilling program to determine the extent of the copper mineralization on the TAS property and Verde properties. Supreme will also be testing a number of high priority Titan-24 chargeability anomalies during this drilling program.
On the Ample Gold Max property located 8 kms west of Lillooet, BC; Supreme Resources is currently conducting a Soil Geochemical Survey in preparation for a spring/summer drilling program in new areas of interest in the vicinity of a newly discovered quartz vein and several adits.
Previously sampled Ample Gold Max quartz veins returned gold values of up to 66.34 grams /tonne (2.13 ounces gold / tonne).
Past drilling results on the Ample Gold Max completed by Homestake and Gold Ore include an 8.2m intersection with 11.76g/t gold, 4.5g/t Au over 7.2m, 9.5g/t Au over 1.5m, and 3.9g/t Au over 5.0 meters.
Supreme's 2008 drilling results returned an intersection of 6.60 g/t Au over 7.09 meters
The Ample-Goldmax Property has an established trend of mineralized zones along the Cayoosh Creek Fault for more than 3 kms.
The company's Law's Camp properties located northwest of Princeton B.C covering approximately 355 hectares (3.5 sq km) was explored by C. Law and the Similkameen Mining and Smelting Company between 1903 and 1913. A total of 27 tonnes were mined by C. Law in 1916, grading 34 g/t gold, 533 g/t silver and 0.394 % copper.
Supreme now controls the majority of the properties that comprised the historical Law's Mining Camp.
An exploration program is being planned and will be announced in the future.
S&P Factual Stock Report coverage Supreme Resources, Ltd. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.supremeresourcesltd.com for additional information.
About Standard & Poor's
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Supreme Resources, Ltd. Contact:
Allan Levien
(604) 941-3716
aelevien@supremeresourcesltd.com
Website: www.supremeresourcesltd.com
Standard & Poor's Contact:
Customer Contact:
Richard Albanese
(212) 438-3647
richard_albanese@standardandpoors.com
Media Relations Contact:
Michael Privitera
(212) 438-6679
michael_privitera@standardandpoors.com
Further news will be forthcoming in the near future.
ON BEHALF OF THE BOARD
"Allan Levien"
____________________________
Allan Levien
President
Contact: Allan Levien CEO/President
(604) 941 3716
aelevien@supremeresourcesltd.com
Alternative Contact: David Joseph
(604)-569-1801
About Supreme Resources Ltd:
Supreme Resources Ltd. (SPR - TSX.V) is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources' goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries. Website: www.supremeresourcesltd.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or the Company's future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein. This news release does not constitute an offer to sell, or a solicitation of an offer to buy any of the Company's securities set out herein in the United States, or to, or for the benefit or account of, a U.S. Person or person in the United States.
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