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    Solvista Drills High Grade Massive Sulphide Mineralization at Talbot  246  0 Kommentare Intersects 6.1 % Copper, 8.2 g/t Gold, 5.0 % Zinc and 112.1 g/t Silver Over 9.13m - Seite 2

    Solvista's hole TB-002 has been completed on the High Grade Gold Lens in an area where an untested early-time channel bore hole geophysical anomaly is interpreted as the potential southern extension of the Gold Lens. Several historic drill holes north of and along strike of this anomaly intersected significant high grade gold-silver drill values (not true thickness) of:

    • 10.4 g/t gold and 54.5 g/t silver across 5.2m and
    • 8.2 g/t gold and 88.4 g/t silver across 9.3m

    Downhole geophysical surveying of TB-002 has also been completed and sampling of mineralized drill core will commence shortly. The split core samples will be analyzed for gold, silver, copper and zinc content. Assay results from the drilling will be released to the public once received and compiled.

    Samples of half core are packaged and shipped directly from Solvista field office to TSL Laboratories (TSL), Saskatoon, Saskatchewan. TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025. Each bagged core sample is dried, crushed to 70% passing 10 mesh and a 250g pulp is pulverized to 95% passing 150 mesh for assaying. A 0.5g cut is taken from each pulp for base metal analysis and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption. Gold concentrations are determined by fire assay using a 30g charge followed by fire assay gravimetric an atomic absorption finish. Samples greater than an upper detection limit (3000 ppb) are reanalyzed using a 1 AT charge. Solvista inserted certified blanks and standards in the sample stream to ensure lab integrity.

    Solvista can earn a 51% interest in the Talbot Property from Hudson Bay Exploration and Development Company Limited (HBED), a wholly owned subsidiary of Hudbay Minerals Inc. by spending $6,120,000 on exploration expenditures over six (6) years. The first and second year expenditure commitments are $200K (completed) and $400K respectively with escalating expenditure commitments over the remaining years. The agreement provides that once Solvista has earned its 51% interest in the Talbot Property, Solvista (51%) and Hudbay (49%) will form a joint venture and Solvista will be the Operator of the joint venture. Provided Hudbay contributes its pro rata (49%) share of expenditures under the joint venture, it will have two (2) years from the date Solvista earns its 51% interest to purchase an additional 2% interest for a cash payment of $240,000 and either incurring expenditures over a two (2) year period equivalent to 2% of the joint venture expenditures made since the formation of the joint venture or paying such amount to Solvista in cash. If Hudbay acquires the additional 2%, it will become the Operator of the joint venture. Once a positive Feasibility Study has been completed and mining development has commenced, the Operator can increase its interest in the Talbot Property to 65% by paying the other participant a cash payment equal to the pro rata share of expenditures made by the other participant to reduce it to a 35% interest. The Operator would then fund the costs of development and will be reimbursed for 100% of the development costs including the 35% interest of the non-operator. Once the costs of development have been repaid, the parties will be reimbursed their pro rata share of expenditures made prior to the date development commences before net profits are distributed pro rata (please see Press Release dated April 23, 2014 and filed on SEDAR under Rockcliff Resources for additional information).

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    Verfasst von Marketwired
    Solvista Drills High Grade Massive Sulphide Mineralization at Talbot Intersects 6.1 % Copper, 8.2 g/t Gold, 5.0 % Zinc and 112.1 g/t Silver Over 9.13m - Seite 2 TORONTO, ONTARIO---(Marketwired - Sept. 23, 2015) - Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE:SVV)(OTCQX:SVVZF) is pleased to announce the first drill hole assay results from its ongoing 5,000m, 10-15 hole drill program on …

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