Supreme TAS Trench Sampling- Encounters Higher-Grades
October 18 2010 - 9:50AM
Marketwired
Supreme Resources Ltd. (TSX VENTURE: SPR) (OTCBB: SPRWF) is pleased
to announce the completion of pre-drilling trench sampling program
on the TAS project with higher-grade copper results related to
fracture and disseminated-copper sulphide mineralization. The TAS
North and South showings - a distance of 1,800 metres apart - are
reporting grades averaging 0.15 % copper and 1.8 grams per tonne
silver, with higher-grades of 0.80 % copper and 11.3 grams per
tonne silver. The TAS project is located south of Princeton BC and
is strategically located on the eastern claim boundary of Copper
Mountain mine.
The current 2010 measured and indicated resources at the Copper
Mountain mine are 518.6 million tons of 0.31% Cu containing 3.2
billion pounds of copper with gold-silver credits. The Copper
Mountain mine is 75 per cent-owned by Copper Mountain Mining
Corporation and 25 per cent-owned by Mitsubishi Materials
Corporation. The construction of the Copper Mountain mine is on
schedule for full production in 2011.
The TAS South showing is reporting grades averaging 0.199 %
copper and 2.2 grams per tonne silver, with higher-grades of 0.803
% copper and 11.3 grams per tonne silver from 43 channel
samples.
The TAS North showing is reporting grades averaging 0.102 %
copper and 1.5 grams per tonne silver, with higher-grades of 0.269
% copper and 3.0 grams per tonne silver from 45 channel
samples.
A new outcrop discovery of copper mineralization 100 metres to
the southwest of the TAS South showing is reporting encouraging
anomalous results of 682 ppm copper and 0.6 ppm silver from 6
channel samples.
Eco Tech Laboratory Limited of Kamloops BC, an accredited
laboratory and subsidiary of Alex Stewart Group Ltd conducted the
sample preparation and analysis on the channel samples. The sample
analysis for gold was 30 gram fire assay/A.A. finish, and 35
element ICP analysis, aqua-regia digestion, ICPOES 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
About Supreme Resources Ltd:
Supreme Resources Ltd. (TSX VENTURE: SPR) is a junior
exploration company with advanced base and precious metals projects
located in producing mining districts of British Columbia, Canada.
Supreme Resources' goal is to increase shareholder value by
developing exploration projects that have the potential of becoming
new discoveries.
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, Alberta
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 CEO/President
(604) 941 3716 aelevien@supremeresourcesltd.com
www.supremeresourcesltd.com
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