Secova Metals Corp.: Drilling Begins at Gold Coin Arizona
May 10 2010 - 2:56PM
Marketwired
Secova Metals Corp. (TSX VENTURE: SEK) is pleased to announce that
diamond drilling is underway at the Gold Coin Arizona gold
property.
Secova has initiated a diamond drill program which will total an
estimated 2,000 metres; up to 10 holes are planned. Early drill
holes will test the down dip extent and lateral continuity of the
gold mineralization identified in the Double Eagle trenches, where
continuous rock chip samples have yielded highlight gold results of
13.7 metres of 3.12 g/t gold, including 6.1 metres of 4.65 g/t
gold. The Double Eagle trench is located within a north-westward
trending soil + geophysical anomaly measuring about 1,000m long by
350m wide.
Michael Moore, President & CEO comments: "We are very
pleased to have the opportunity to drill the Gold Coin targets. The
property's first ever drill program will explore the sub-surface
sources of the combined geochemical and geophysical anomalies."
Additional drill holes will focus on two other distinct
anomalies. A second priority zone is centred about 350 metres east
of the trenches, measures about 900m long by 250m wide and roughly
parallels the Double Eagle anomaly. A third anomaly is the largest
yet identified and is located within the north-central part of the
property. This northern anomaly is loosely elliptical in shape and
measures about 1,000 metres in an east-west direction with a width
varying from 300 to 500 metres.
Secova has been granted three Arizona State mineral exploration
licenses contiguous to the east side of original property limit.
The Gold Coin property is now nearly double in size; increasing to
659.2 hectares (1,628.9 acres).
About Gold Coin, Arizona
Gold Coin is located in the Turquoise mining district, which is
within a broad north-south mineral trend extending more than 100
kilometres from southeast Arizona, USA into Sonora, Mexico. The
area includes two other well-known historical gold-copper-silver
mining districts: Warren (Bisbee) and Tombstone.
Michael Moore, PGeo, is the qualified person who has reviewed
the technical information contained in this news release on behalf
of the company.
Further information is available on the company's website
www.SecovaMetals.ca.
ON BEHALF OF THE BOARD
Michael Moore, President and CEO
Forward-Looking Statements: This Secova Metals News Release may
contain certain "forward-looking" statements and information
relating to Secova which are based on the beliefs of Secova
management, as well as assumptions made by and information
currently available to Secova management. Such statements reflect
the current risks, uncertainties and assumptions related to certain
factors including, without limitations, exploration and development
risks, expenditure and financing requirements, title matters,
operating hazards, metal prices, political and economic factors,
competitive factors, general economic conditions, relationships
with vendors and strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices,
and one-time events. Should any one or more of these risks or
uncertainties materialize or change, or should any underlying
assumptions prove incorrect, actual results may vary materially
from those described herein.
Neither 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.
Contacts: Secova Metals Corp. Michael Moore President and CEO
604 687 7178 or Toll Free: 800 398 5645 www.SecovaMetals.ca
Secova Metals (TSXV:SEK)
Historical Stock Chart
From Oct 2024 to Nov 2024
Secova Metals (TSXV:SEK)
Historical Stock Chart
From Nov 2023 to Nov 2024