International Samuel Exploration Corp.: Copper-Silver-Gold Anomaly Identified at Frog Property
January 30 2013 - 5:04PM
Marketwired Canada
International Samuel Exploration Corp. (TSX VENTURE:ISS) (the "Company") is
pleased to announce results from its 2012 exploration program on the company's
100% owned, 32,164.59 hectare, Frog Property. The property is located
approximately 170 kilometres east-southeast of Dease Lake, British Columbia.
The company undertook an extensive exploration program on the Frog Property
consisting of a multi-phase and multi-disciplinary program including: regional
reconnaissance, detailed prospecting of the eastern half of the claims block,
talus slope sampling, detailed petrologic analysis of the outcrop and subcrop
mineralization and fluid inclusion studies (results still pending).
The overall Frog Property geology, in the Stikine Mountain Range, is underlain
by rocks of the Quesnel terrane that includes the mid-Triassic to lower-Jurassic
Takla Group mafic volcanics and the mid-Triassic Lunar Creek ultramafic complex.
The oldest lithologies in the region are Stikine terrane mixed metamorphosed
greenstone and undivided sediments of the Asitka Group.
As a result of the collection of 544 widely spaced grab rock samples the company
has identified three distinct areas of interest on the southern half of the Frog
Property. The Forex and Whoa Prospects are 6 km by 4.6 km and 2.8 km by 1.5 km
in size, respectively, see map below.
Forex Prospect
430 rock samples were collected on the Forex Prospect during the 2012
exploration program. The results of this work define a copper-silver-gold and
overlapping molybdenum-rhenium with an aerial extent of 6 km by 4.6 km. The
Forex Prospect is fault bounded on the east, west and south. Within the
prospect, the main valleys are faulted with the south wall nearly vertical
indicating uplift.
Based on preliminary observations there are two major rock types identified in
the area. The first rock type, found along the ridge line of this prospect, is a
biotite-hornfels-schist that is in contact with the granitoids beneath. The
schist is strongly foliated with variable penetrative cleavages that show
biotite and magnetite alteration and copper-iron sulphide mineralization, along
with chalcopyrite and bornite that is inter-grown. The second rock type, the
underlying granitoids are of variable compositions and display a complex history
of multiple intrusions and range in composition from granites/granosyenites to
syenodiorites with rare diorites, and are intensely jointed with fine
penetrative cleavages.
The Forex Prospect, as well as the all the samples collected to date, display
early overprinting by a magnetite. In general, the granitoid rocks of the Forex
Prospect have been variably silica-clay flooded and shows variable
magnetite-biotite-silica-iron and copper sulphides, which are found in
miarolitic and other secondary cavities associated with mosaic clay flooding.
The alteration and mineralization assemblages in the granitoids are also found
in cleavages and joints. In the biotite hornfels schist this alteration and
mineralization assemblage is found along foliation and cleavages/joints and can
form discontinuous lenses.
Also seen in the Forex Prospect are abundant primary and secondary copper
carbonates associated with the copper sulphides and separately such as
malachite, azurite, chrysocolla and chalcanthite.
Of the 430 rock samples collected on the property, 101 of them returned copper
values of 0.1% or higher. See table below for select assay results for the
copper-silver-gold area. (copper values ranged from zero to 4.28%, silver values
ranged zero to 66.3 ppm and the gold values ranges from zero to 0.4 ppm) Nine
samples within the area returned copper values above 1% with gold grades ranging
0.5 to 4 g/t. Sample 129606 was a grab from talus and was strongly mineralized,
containing 4.28% copper and 4 g/t gold.
Select rock sample results from the Forex Prospect, Frog Property
------------------------------------ ------------------------------------
Sample Ag_ppm Cu_per Au_ppm Sample Ag_ppm Cu_per Au_ppm
------------------------------------ ------------------------------------
129606 0.84 4.28 4 129063 1.52 0.563 0.3
------------------------------------ ------------------------------------
129376 0.3 3.9 2.3 129616 2.76 0.561 0.3
------------------------------------ ------------------------------------
129710 55.1 3.49 1.8 129102 2.09 0.532 0.2
------------------------------------ ------------------------------------
129123 49.3 3.28 1.1 128813 2.72 0.52 0.2
------------------------------------ ------------------------------------
129750 48.9 2.29 0.8 129720 4.01 0.402 0.2
------------------------------------ ------------------------------------
129611 13.25 1.895 0.7 129295 1.5 0.387 0.2
------------------------------------ ------------------------------------
129609 0.77 1.395 0.6 128764 9.51 0.299 0.2
------------------------------------ ------------------------------------
129709 23.3 1.34 0.6 128759 7.23 0.297 0.2
------------------------------------ ------------------------------------
128765 26 1.09 0.5 128795 2.42 0.257 0.2
------------------------------------ ------------------------------------
129146 15.3 0.989 0.4 128763 3.91 0.251 0.2
------------------------------------ ------------------------------------
128859 2.44 0.969 0.4 128766 3.77 0.211 0.2
------------------------------------ ------------------------------------
129605 6.81 0.953 0.4 128797 2.79 0.209 0.2
------------------------------------ ------------------------------------
129786 16.2 0.943 0.4 128791 5.82 0.091 0.2
------------------------------------ ------------------------------------
128793 3.15 0.925 0.3 129612 27 0 0.2
------------------------------------ ------------------------------------
129764 9.64 0.68 0.3 129623 13.8 0 0.2
------------------------------------ ------------------------------------
129613 9.1 0.598 0.3
------------------------------------ ------------------------------------
28 of the widely spaced samples on the Forex Prospect had elevated molybdenum
from 101 ppm to 4270 ppm with an average of 724 ppm. The molybdenum appears to
be associated with rhenium ranging from 0.04 ppm to 1.245 ppm with an average
for the same 29 samples.
Whoa Prospect
57 rock samples were collected on the Whoa Prospect in the 2012 exploration
program. The Whoa Prospect is located directly west of Forex Prospect. The
geology of the Whoa Prospect is similar to the Forex Prospect with one sample
showing skarn style mineralization in the contact biotite hornfels schist
(Sample 129355). The result of widely spaced grab samples the copper-silver
anomaly was identified with an aerial extent of 2.8 km by 1.5 km (copper values
ranged from zero to 0.612% and silver values ranged zero to 18.45 ppm). See
table below for select assay results for the copper-silver area
Sample 12935 is a massive, black-grey rock, with medium green parallel thin
banding (less than 2mm), and appears to be fresh quartzite with abundant mosaic
silica outlined with epidote-clay. The weathered surfaces look like a gossan or
lattice framework producing pseudo-gossan typical of silicified skarn. There is
also a 1.5 cm thick well-brecciated cross-cutting vein of orange
stained/impregnated clear grey quartz. Select assays results in table below.
Select rock sample results from the Whoa Prospect, Frog Property
------------------------------------------------------------------
Sample Ag_ppm Cu_%
------------------------------------------------------------------
129360 18.45 0.612
------------------------------------------------------------------
129359 11.7 0.541
------------------------------------------------------------------
128842 0.86 0.265
------------------------------------------------------------------
128839 1.27 0.187
------------------------------------------------------------------
128843 0.56 0.126
------------------------------------------------------------------
128851 0.66 0.1225
------------------------------------------------------------------
128848 0.55 0.102
------------------------------------------------------------------
In addition to the identification of prospects, the company undertook a
property-wide helicopter supported aerial geological reconnaissance mapping,
including gossan mapping. The company has only started to investigate a few of
the known gossans at the Whoa and Forex Prospects.
All rock samples were transported to ALS Laboratory Group in North Vancouver and
underwent an Ultratrace-trace 51 element Aqua Regia ICP analysis (ME-MS41). The
subcrop and outcrop samples of this program were collected either from walking
along the top of the ranges or the result of screen sampling along valley
slopes.
Technical information in this news release has been reviewed by Derrick
Strickland P.Geo., a qualified person as defined in NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
To view Forex and Whoa Prospects Map, please visit the following link:
http://media3.marketwire.com/docs/iss130i.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
International Samuel Exploration Corp.
Conrad Swanson
President
604.718.5454 or Toll Free: 888.500.4587
604.646.2054 (FAX)
info@internationalsamuel.com
www.internationalsamuel.com
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