HILTON HEAD, S.C., Nov. 15, 2011
/PRNewswire/ -- Silver Scott Mines,
Inc. (OTC: SILS.pk) is pleased to announce that access road
rehabilitation work has been completed for the Venturina
Gold-Silver project in Western Sierra Madre mountains of western
Chihuahua state, Mexico.
This work has been completed to rehabilitate the nearly 10
km. existing dirt road into the Venturina mine site permitting the
start of an exploration and development program to outline
producible resources.
The Venturina mine site was previously explored in 1998 by
International Northair and Meridian Gold who completed mapping,
sampling, and drilling of 13 RC percussion drill holes.
Bottle roll gold-silver recovery testing was also completed
at that time, however the entire program was terminated in 2000.
At least two vein zones of epithermal low sulfidation
gold-silver mineralization are located in the 130 hectare
concessions controlled by Silver Scott Mines, Inc. The ratio
of silver to gold in the mineralized banded epithermal quartz veins
and stockwork mineralization is established at about 20 to 1.
The best intercepts of that historic drill program are from
drill hole 98-6 with 53.3 meters with 1.30 grams Au per ton and
29.6 grams silver per ton and from drill hole 98-12 with 25.9 m of
3.40 gram Au per ton and 16.2 grams silver per ton (not true
widths).
Drilling is planned in coordination with additional
metallurgical testing to more completely outline the extent of the
more than 1 km long vein zone. Numerous old underground
workings exist from two older episodes of mining, one prior to 1900
and the last after 1960. This work combined with drilling in
1997 defined the Nuevo Venturina vein zone. A second parallel
zone, El Salvador, has had only
minor underground prospecting and development work. Our
recent geological work shows the northwest oriented Venturina and
other veins are terminated by a low angle east-west normal
fault.
Mineralization is of a classical epithermal low sulfidation
quartz vein type, containing gold and silver in the veins.
This form of mineralization is typical of the western
Sierra Madre mountain region of
Mexico. Three other nearby
operating mines are: the Ocampo
gold-silver mine of Aurico Gold
(reserve of 1.248 million ounces of gold with 53 million oz Ag),
the Morris gold mine operated by Hochsheild, and the Pinos Altos gold-silver mine ( 7.2 million oz.
Au) operated by Agnico-Eagle Gold Mining. All of these mines
contain low sulfidation type epithermal mineralization similar to
the Venturina. Located further north is the Mulatos gold
deposits (Alamos Gold with plus 3 million oz. Au), to the west is
the Santana de Yecora gold
deposits (Corex Gold, circa 200,000 oz Au), and to the south is the
Orosivo gold deposit (Fresnillo PLC with plus 10 million oz. Au).
This Sierra Madre cluster of gold-silver deposits is becoming
an important area of precious metal production.
John Ryan, CEO of Silver Scott
commented, "We are very pleased at the progress being made at the
Venturina mine site to establish good access for our future
exploration programs. Our Venturina project, located in the western
Chihuahua deposit cluster, is another of our targeted sites where
our aim is to establish initial production quickly with low costs
within existing defined mineralization, and continue to advance the
project's size as we learn more about the mineralization's
extent."
For further information please contact:
John Ryan
Silver Scott Mines, Inc.
301 Central Ave. #384
Hilton Head, SC 29926
1.404.418.6203 phone
1.843.842.7248 fax
The source of this news release is Silver Scott Mines, Inc.
This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities and Exchange
Act of 1933, as amended, and Section 21E of the Securities and
Exchange Act of 1934, as amended, which are intended to be covered
by the safe harbors created thereby. Investors are cautioned that
all forward-looking statements involve risks and uncertainties and
therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be
accurate.
SOURCE Silver Scott Mines, Inc.
