Supreme Resources Ltd. (TSX VENTURE: SPR) (OTCBB: SPRWF) is pleased to announce the results of rock sampling from the Main showing at the Verde copper-silver-gold project located in the Copper Mountain mining camp. Chip samples were taken at one to two metre intervals over a strike length of 39 metres along an old trench exposing copper mineralization. Malachite, chalcopyrite and magnetite occur along fractures within moderately fractured diorite of the Voigt stock of the Copper Mountain intrusions. Lesser chalcopyrite occurs as fine disseminations within the diorite. Two narrow Mine dykes (1.3 and 3.3 metres wide) cut the diorite.

The strongest copper-silver-gold mineralization occurs over the first 14.5 metres (0-14.5 metres) and the last 3 metres (36-39 metres) of the trench. The section from 0 to 14.5 metres gave 0.34% copper, 4.54 grams/tonne silver and 0.032 gram/tonne gold, including 9 metres (2-11 metres) of 0.49% copper, 6.86 grams/tonne silver and 0.046 gram/tonne gold. The section from 36 to 39 metres gave 0.43% copper, 4.5 grams/tonne silver and 0.138 gram/tonne gold, including 1 metre (36-37 metres) of 0.54% copper, 4.1 grams/tonne silver and 0.235 gram/tonne gold. The samples taken from the remainder of the trench also gave anomalous copper (0.06-0.34%), silver (0.3-3.2 grams/tonne) and gold (less than 5-90 ppb) values.

Two 1.4 metre wide chip samples taken from hand dug pits 12 metres south of the Main showing also gave anomalous copper (0.55 and 0.24%), silver (10.0 and 4.0 grams/tonne) and gold (0.250 and 0.235 gram/tonne) values.

Supreme is encouraged that anomalous copper, silver and gold values are found over the entire 39 metre length of the trench at the Main showing. The presence of up to 0.25 gram/tonne gold is especially encouraging, as it indicates the copper mineralizing system at the Verde showing is gold-bearing.

The Verde project is located 14 kilometres south of Princeton, B.C. and is bounded on the west and south by Copper Mountain Mining Corporation which is scheduled to resume production in 2011.

Eco Tech Laboratory Ltd. of Kamloops, B.C., an accredited laboratory and subsidiary of Alex Stewart Group Ltd. conducted the sample preparation and analysis. The sample analysis for gold was 30 gram fire assay geochem/A.A. finish, and 33 multi-element ICP analysis, aqua regia digestion, AES finish. The sample stream was subject to check analysis on repeat and re-split samples.

Grant F. Crooker, PGeo (geologist) is the qualified person as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release.

Further news will be forthcoming in the near future.

ON BEHALF OF THE BOARD

Allan Levien, President

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

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

Contacts: Supreme Resources Ltd. Allan Levien President (604) 941 3716 aelevien@supremeresourcesltd.com

Supreme Resources Ltd. (TSXV:SPR)
Historical Stock Chart
From Sep 2024 to Oct 2024 Click Here for more Supreme Resources Ltd. Charts.
Supreme Resources Ltd. (TSXV:SPR)
Historical Stock Chart
From Oct 2023 to Oct 2024 Click Here for more Supreme Resources Ltd. Charts.