Field
Program and Evaluation Underway at Walcott's Century South Silver Zinc
Project
Vancouver, British
Columbia -- December 17, 2020 -- InvestorsHub
NewsWire -- Walcott Resources Ltd. (CSE: WAL)
(FSE: WR2) (OTC PINK:
WALRF) (the "Company" or "Walcott") announces
that
field work
and
evaluation has begun at its 60% owned
Century South
Silver Zinc Project ("CSSZP") in northern
Queensland,
Australia. The CSSZP consists of over 250 square kilometres
of mineral
tenure located in the
prolific
Mt. Isa Basin in north-west
Queensland. Some six large scale silver-zinc-lead operations and
several world class copper deposits with established mining
infrastructure are found in this world renowned
region.
In the current
tenure, mineralisation is considered to be polymetallic in nature
and often includes zinc (Zn), lead (Pb), silver (Ag) and copper
(Cu). Priority work
for the technical
team includes outcrop examination of
various
siltstone,
faults and quartzite occurrences within the
tenure, as
well as outcrop examination at north end of tenure owing to zinc
and copper prospects located along strike to the north.
Samples will be collected where mineralized
outcrop is encountered. The area to the SW of the
termite fault within the CSSZP is considered the primary target
area for Century style Zn-Pb-Ag mineralisation.
The program at
CSSZP follows directly on the heels of the
Phase
1 exploration work recently completed at Walcott's Tyr
project in
northern New South Wales. The Tyr tenement hosts a large
number of known mineral occurrences and historical mining
for commodities; silver, tin,
arsenic, lead, zinc and tungsten. These commodities will be the key
focus for Walcott. The project area also
contains known gold and silver occurrences.
Walcott has engaged
Xplore Resources, geological consultants, of North Lakes,
Queensland Australia to conduct the field program
including stakeholder communications,
review and verification of previously reported geological
data in
addition to the work detailed above.
ON BEHALF OF THE
BOARD OF DIRECTORS,
David
Thornley-Hall, CEO and Director
For further
information on the Company, please email requests
to:
david@walcottresources.com
604-306-7821
About Walcott
Resources Ltd.
Walcott is a
British Columbia based Company involved in the acquisition
and exploration of mineral
properties in Canada and Australia. The Company holds an option to
acquire a 100% undivided interest, subject to a 1.5% NSR on all
base, rare earth elements and precious metals, in the Cobalt Hill
copper- gold-cobalt property (the "Property"), consisting of eight
mineral claims covering an area of approximately 1,727.43 hectares
located in the Trail Creek Mining Division in the Province of
British Columbia, Canada.
In addition, the
Company has acquired 60% of two silver assets in Australia - the
Tyr Silver Project in northern New South Wales and Century South
Silver-Zinc Project in north-west Queensland.
The CSE does not
accept responsibility for the adequacy or accuracy of this
release.
The Canadian
Securities has neither approved nor disapproved the contents of
this press release.
This press release
includes "forward-looking information" that is subject to a number
of assumptions, risks and uncertainties, many of which are beyond
the control of the Company. Forward-looking statements may include
but are not limited to, statements relating to the trading of the
Company's common shares on the Exchange and the Company's use of
proceeds and are subject to all of the risks and uncertainties
normally incident to such events.
Investors are
cautioned that any such statements are not guarantees of future
events and that actual events or developments may differ materially
from those projected in the forward-looking statements. Such
forward-looking statements represent management's best judgment
based on information currently available.
