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Drilling Underway at McKinnon-Hawkins Gold Project, Ontario
Vancouver, British Columbia – February 28, 2017 – Sunvest Minerals Corp. (TSX-V: SSS) ("Sunvest Minerals" or the “Company”) announces drilling is well underway at the McKinnon-Hawkins Gold Project located in Hawkins and Walls townships, Ontario. To date five holes have been completed and drilling continues with a break expected the first week of March. Drilling is expected to resume in mid-March and continue up to spring breakup.
The McKinnon – Hawkins project represents an advanced exploration gold project for the Company, with a maiden 43-101 resource estimate of 239,100 ounces of gold (4,957,000 tonnes at 1.50 grams per tonne gold (g/t Au), at a cut-off grade of 0.5 g/t Au), with excellent potential to grow resources and discover new zones of gold mineralization.
Company CEO Mike England comments: “We are pleased to have initiated drilling on this keystone project and look forward to announcing assay results in the near future.”
The diamond drill program is directed at the main deposit for confirmation and at the Taylor showing area to expand the resource.
Garry Clark, P.Geo, is a qualified person as defined by National Instrument 43-101 is the independent qualified person responsible for reviewing and approving the technical contents of this press release as they pertain to the McKinnon Hawkins Gold Project.
ON BEHALF OF THE BOARD
Mike England, CEO & DIRECTOR
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FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).