NEWS RELEASESUBSCRIBE TO UPDATES
EVENING STAR DRILLING RETURNS UP TO 7.45% COPPER
Vancouver, British Columbia – July 24, 2017 – Sunvest Minerals Corp. (TSX-V: SSS) ("Sunvest Minerals" or the “Company”) is pleased to report significant drill intercepts from hole 17-02 on the Evening Star Property, located 12 kilometers southeast of Hawthorne, Nevada. Core intercepts returned values up to 7.45 percentage (%) copper (Cu), 1.81 grams per tonne gold (g/t Au), and 138.0 g/t silver (Ag). The Evening Star property is located approximately 3.2 km north-east of Newrange Gold Corp’s recent drill activity on the Merritt zone and Merritt decline area on the Pamlico property. Recent staking activity in the area by Newrange may have made the properties contiguous.
Hole ES 17-02 was an angled (-45°) diamond drill hole, drilled due west in the Gold Bug area of the Evening Star property. From the collar, hole 2 returned 17.5 ft. (5.3 meters) averaging 0.84 g/t Au, 105.3 g/t Ag, 5.09 % Cu, 0.09 % lead (Pb) and 0.86% zinc (Zn). The table below summarizes the sampling and results:
Due to time constraints with the drilling contractor, only two short holes were completed, at this time. Hole ES 17-01 was an angled (-45°) hole drilled in a northwest direction, to a depth of 367.3 ft. (112.0 meters), and intercepted anomalous copper from 32.3 to 41.7 ft., 1,924 ppm Cu over 9.4 ft., and from 56.7 to 66.5 ft., 1,887 ppm Cu over 9.8 ft.
Hole ES-17-02 described above was drilled to 362.0 ft. (110.3 meters).
During the drill program, Company personnel located a drill collar in the field believed to represent hole 91-4 drilled by Phelps Dodge. This drill hole from 65 ft. (19.8 m) intersected 40 ft. (12.2 m) averaging 1.75 % copper. Drill hole 91-4 also averaged 0.45 grams per tonne gold over a width of 7.6 m, from a depth of 21.3 m.
“These recent drill results in the Gold Bug area on the Evening Star property has confirmed significant precious metal (gold and silver) values with the copper and base metals mineralization. A short surface program will begin shortly and we are permitted for additional drilling and expect to recommence drilling on the multiple targets on Evening Star in the fall. The Evening Star property has excellent logistics and can readily be worked year-round.,” stated Mike England, CEO of the Company.
Garry Clark, PGeo, 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 Evening Star property.
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.
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).