Supreme Resources Announces Resumption of Drilling at the Verde Project
30 September 2010 - 7:12AM
Marketwired
SUPREME RESOURCES LTD. (the "Company") (TSX VENTURE: SPR) (OTCBB:
SPRWF) is pleased to announce the resumption of drilling at the
Verde Project on September 23, 2010. Drill hole V10-04 was
completed to a depth of 49.38 metres and contained fine-grained
disseminated and fracture related sulphide mineralization. The
drilling is designed to test the copper-silver-gold mineralization
exposed in Trench 1 at the Verde Project. To date, 310 metres of a
500 metre program have been completed.
The Verde Project is located 14 kilometres south of Princeton,
British Columbia and adjacent to the east of the holdings of Copper
Mountain Mining Corporation's Copper Mountain Mine. The current
2010 measured and indicated resources at the Copper Mountain mine
are 518.6 million tons of 0.31% copper containing 3.2 billion
pounds of copper with gold-silver credits. The Copper Mountain mine
is 75 percent owned by Copper Mountain Mining Corporation and 25%
owned by Mitsubishi Materials Corporation. The construction of the
Copper Mountain mine is on schedule for production in June of
2011.
The drill hole data is as follows:
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Elevation
Drill (metres EOH
Hole Easting Northing Zone asl) Azimuth Inclination (metres)
----------------------------------------------------------------------------
V10-01 682757 5470399 10N 1119 214 -65 122.53
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V10-02 682762 5470398 10N 1119 186 -61 51.56
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V10-03 682766 5470398 10N 1119 170 -61 85.95
----------------------------------------------------------------------------
V10-04 214 -64 49.38
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Drill holes V10-01 and V10-02 have been logged and sampled, and
the samples submitted to Eco Tech Laboratory Limited of Kamloops,
British Columbia for analysis. Logging and sampling of the
remaining drill holes is in progress.
Grant F. Crooker, P.Geo. (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.
ON BEHALF OF THE BOARD
Allan Levien, President and Chief Executive Officer
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.
Website: www.supremeresourcesltd.com
Statements in this press release other than purely historical
factual information, including statements relating to revenues or
profits, or the Company's future plans and objectives, or expected
sales, cash flows, and capital expenditures constitute
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company's business, including risks
inherent in the technology history. There can be no assurance that
such forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on such statements. Except in accordance with
applicable securities laws, the Company expressly disclaims any
obligation to update any forward-looking statements or
forward-looking statements that are incorporated by reference
herein. This news release does not constitute an offer to sell, or
a solicitation of an offer to buy any of the Company's securities
set out herein in the United States, or to, or for the benefit or
account of, a U.S. Person or person in the United States.
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. Bill Percy 604-942-8940 Supreme
Resources Ltd. Allan Levien CEO/President 604-941-3716
aelevien@supremeresourcesltd.com www.supremeresourcesltd.com
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