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Valley High Ventures Ltd.

Publié le 07 avril 2010

Reports Drilling At Cordero Project, Mexico: 260 Metres Gradin

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Mots clés associés :   Argon | Canada | Copper | G Mexico | Zinc |

VALLEY HIGH REPORTS DRILLING AT CORDERO PROJECT, MEXICO:

 260 METRES GRADING 45.8 g/T SILVER, 0.34 g/T GOLD, 0.44% ZINC AND 0.61% LEAD

 

 

 

 

April 7, 2010. Valley High Ventures Ltd. (?Valley High?) (TSXV Symbol VHV.V) is pleased to announce the results of the first 13 holes completed in the phase 2 drill program at the Cordero silver, gold, zinc and lead, porphyry district located 45 kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico. Highlights of the results include hole C10-10 that returned 260 metres grading 45.8 g/T Ag, 0.34 g/T Au, 0.44% Zn and 0.61% Pb beginning at 4 metres depth from the Pozo de Plata zone. 

 

Phase two drilling began January 12th and continues with two diamond drill rigs.  One drill is dedicated to follow-up drilling of hole C09-05 in the Pozo De Plata zone and the second rig is being utilized to complete drill testing of various other exploration targets throughout the larger project area.  Twenty seven holes have been completed to date and assays results have been received for thirteen holes (seven from Pozo de Plata) and are summarized below. Sample lengths reported are core intervals and true widths are not known.

 

Pozo De Plata Zone

Analytical results have been received for seven holes drilled on the Pozo de Plata zone and are summarized in Table 1 and plotted on Figure 1.  Holes 9, 10 11 and 14 were drilled on a north south section that includes previously drilled hole C09-5 (see News Release dated Nov. 3, 2009).  Hole 18 and 22 were drilled from the same site in a fence 50 metres east of hole C09-5 and hole 12 was drilled on a fence 50 metres west of that containing hole C09-5.  See Figure 1 and 2 for relative drill hole locations and Table 3 for drill hole locations, azimuths and dips.  All holes cored variable proportions of polylithic diatreme breccia and dyke breccia and bottomed in limestone country rock.  Diatremes are comprised of limestone, rhyolite and dacite clasts with fine grained matrix and are intruded by rhyolite and dacite breccia dykes (syn-breccia dykes).  Contacts of all rock types are entirely gradational, often over several meters including those with country rocks.  Mineralization occurs as sphalerite, galena, possible silver sulphosalts and associated pyrite that occur as disseminations and early veins within clasts, within the matrix to clasts and as late cross cutting veins.

 

Table 1:  Phase 2 Summary Drill Results- Pozo Plata Zone

 

Hole

From (m)

To (m)

Length (m)

Ag (g/T)

Au (g/T)

Zn (%)

Pb (%)

Ag equiv.(g/T)

C10-9

22.0

224.0

202.0

24.3

0.31

0.34

0.35

64

C10-10

4.0

264.0

260.0

45.8

0.34

0.44

0.61

99

C10-11

52.0

146.0

94.0

49.2

0.31

0.85

0.75

117

C10-11

204.0

230.0

26.0

18.2

0.63

0.08

0.23

69

C10-12

12.0

48.0

36.0

103.2

0.11

0.46

1.22

159

C10-12

62.0

76.0

14.0

26.0

0.15

0.30

0.40

57

C10-12

104.0

118.0

14.0

114.8

0.74

1.71

1.62

262

C10-12

152.0

184.0

32.0

39.3

0.22

0.92

0.65

100

C10-14

38.0

140.0

102.0

49.3

0.25

0.84

0.78

113

C10-18

8.0

250.0

242.0

47.0

0.26

0.73

0.69

106

C10-22

12.0

50.0

38.0

31.3

0.22

0.81

0.42

82

C10-22

104.0

138.0

34.0

28.4

0.14

0.47

0.46

65

 

 

 

* Silver equivalent calculated using the following metal prices: silver at $15 per ounce, gold at $1,000 per ounce, zinc at 90 cents per pound and lead at 90 cents per pound and assumed net metal recoveries (metallurgical and smelter deductions) of 70% for silver and gold and 50% for zinc and lead.  Actual metal recoveries have not been determined.

Dos Mil Diez Zone

The Dos Mil Diez Zone is located 1.7 kilometres southwest of the Pozo De Plata drilling and was exposed by trenching of a prominent colour anomaly (News Release dated Feb. 16, 2010).  The zone was drill tested by a fence of six holes and cored rhyolite, polylithic breccia and limestone.  Near surface, geochemically anomalous gold values were encountered in two holes including two metres that returned 1.79 g/T Au in hole C10-15 (Table 2).  This target is part of a much larger intrusive complex that is partially defined by mapping and soil geochemistry.  Additional work is planned for this area where soil sampling and prospecting has identified numerous additional showings. 

 

Table 2:  Phase 2 Summary Drill Results- Dos Mils Diez Zone

 

Hole

From(m)

To(m)

Length (m)

Ag (g/T)

Au (g/T)

Zn (%)

Pb (%)

C10-13

no significant results

 

 

 

 

C10-15

10.0

12.0

2.0

2.2

1.79

0.17

0.00

C10-16

no significant results

 

 

 

 

 

C10-17

no significant results

 

 

 

 

 

C10-19

0.0

2.0

2.0

7.3

0.77

0.09

0.06

C10-20

no significant results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Drilling

Two holes have been completed near previously drilled hole C09-8, 1,200 metres east of Pozo de Plata, that had returned long intervals of silver and zinc mineralization within strongly potassic altered intrusive and breccia.   In addition three holes have tested the mapped extension of the Pozo De Plata diatreme breccia southeasterly from hole C09-5 and north from a string of artisanal mines, including the Josephina mine.   Assay results for these holes are pending.

 

District Exploration

Geologic mapping and rock and soil sampling is continuing southwest of the Dos Mil Diez Diatreme Complex and has successfully identified additional diatreme breccia intrusive centers.  The most recent addition is the location of poorly exposed diatreme pipes within the Molina de Viento Caldera complex located seven kilomteres on strike to the southwest of the Pozo de Plata Diatreme.    Detailed mapping and rock chip sampling are in progress with trenches being planned.  With the addition of the Molina di Viento diatremes, the sixth intrusive center mapped in the Cordero Belt, the favourable strike extent is now close to fifteen kilometres long.  An airborne magnetic, electromagnetic and radiometric survey covering the southern Cordero Porphyry belt will be flown this month.   

 

Robert Cameron, President and Chief Executive Officer of Valley High, commented: "We are very pleased with the initial results from this latest round of drilling at Cordero.  In particular the results from Pozo de Plata support our concept of a near surface bulk-mineable target. With the recently announced removal of Freeport-McMoRan Exploration Corporation?s residual rights at Cordero we are positioned to realize full value at this exciting new discovery.?

 

QA/QC Procedures and Reporting Parameters

HQ diameter core samples were collected in continuous two-metre lengths, primarily by sawing of the key mineralized intervals and by splitting all other intervals. All of the samples mentioned in this release were prepared and analyzed by ALS Chemex at its labs in Chihuahua, Mexico, and Vancouver, Canada. Gold analyses were performed by 30-gram fire assay with an atomic absorption finish. Silver, zinc and lead were analyzed as part of a multi-element inductively coupled argon plasma (ICP) package using a four-acid digestion with over-limit results being reanalyzed with assay procedures using ICP-AES.  Summary assay intervals as reported above were selected based on a 30 g/T Ag equivalent cut-off with inclusion of up to no more than 10 metres of internal below cut-off values averaging not less than 15 g/T Ag equivalent.

 

The project is under the direct supervision of Vic Chevillon, MA, CPG, Levon's vice-president of exploration. The company employs a rigorous quality assurance and quality control program that include standardized material, blanks and duplicates. AMEC Americas Ltd. has designed the QAQC protocol from a study and review of information provided by the company to AMEC. Robert Cameron, PGeo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

 

The property comprises wholly-owned claims and consolidated land agreements that total about 20,000 hectares and is being explored in a joint Venture with Levon Resources Ltd. ("Levon").  Levon has 51% interest and is project operator.

 

 

Table 3:  Drill Hole locations (co-ordinates in CONUS Nad 27, UTM zone 13)

 

HoleID

Xm

Ym

Zm

Length_m

Azimuth

Dip

C010-9

442652.4

3014049

1547.259

341.65

0

-60

C09-4

442779.1

3013966

1550.582

490.05

315

-60

C09-5

442638.6

3014099

1547.724

367

0

-60

C09-8

443809.3

3014527

1594.783

453.75

0

-60

C10-10

442653.3

3014150

1553.105

369.35

0

-60

C10-11

442652

3014202

1586

346.7

0

-60

C10-12

442603.2

3014149

1548.403

311.4

0

-60

C10-13

440986.5

3012720

1581.329

99.7

0

-60

C10-14

442637.8

3014098

1547.698

316

0

-90

C10-15

440978.3

3012697

1582.911

97.05

190

-70

C10-16

440957.7

301263.3

1577.595

101.82

200

-60

C10-17

440931.2

3012563

1574.249

186.75

185

-60

C10-18

442704

3014097

1550.567

417.65

0

-60

C10-22

442704.2

3014097

1550.441

533.3

0

-90

 

 

About Valley High Ventures Ltd.:

Valley High is a Canadian based precious and base metal exploration company with projects located in Mexico, British Columbia and Yukon.  The Cordero project in Mexico (49% interest) is being evaluated for large bulk mineable silver, gold, zinc and lead deposits.  The Mount Polley project is located in British Columbia adjacent to Imperial Metals Corporation?s (?Imperial?) Mt. Polley copper-gold mine and includes a production royalty on the Boundary Property, with Imperial.  In the Yukon, Valley High has an option to acquire a 100% interest in the Flume gold property which is located within the newly recognized White Gold District.  Valdez Gold Inc. has been granted a right to earn up to 75% interest in Valley High?s interest in the Flume property.

 

 

 VALLEY HIGH VENTURES LTD.

?Robert Cameron?

Robert Cameron

President and CEO

                      

For further information please visit Valley High?s website at www.valleyhighventures.com or contact Robert Cameron, at (604) 682 5546.

 

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Valley High to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta.

 

 

"Neither 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."

 

Figure 1: Drill Hole Location Map- Pozo de Plata

 

 

 

 

Figure 2: Cross Section 442,650E, Pozo De Plata

 

 

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

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Valley High Ventures est une société d’exploration minière basée au Canada.

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Nominations de Valley High Ventures Ltd.
16/04/2010Strengthens Team With Appointment Of Vice President Of Expl...
Projets de Valley High Ventures Ltd.
13/05/2010(Cordero-sanson)Reports Drilling At Cordero Project, Mexico: 114m Grading 12...
07/04/2010(Cordero-sanson)Reports Drilling At Cordero Project, Mexico: 260 Metres Grad...
29/03/2010(Cordero-sanson)Termination of Back-In Right On Cordero Project, Mexico
16/02/2010(Cordero-sanson)Trench results from the Cordero Project
11/09/2009(Cordero-sanson)Drilling Commences at Cordero Project, Mexico
Communiqués de Presse de Valley High Ventures Ltd.
22/03/2011VHV - NR 11-05 Valley High Ventures Obtains Shareholder and ...
17/03/2011High Grade Contact Replacement Style Mineralization Discover...
28/02/2011SETS DATE FOR MEETING TO CONSIDER LEVON OFFER
29/07/2010 Geoff Chater Appointed President of Valley High Ventures
01/06/2010VHV - NR 10-11 VALLEY HIGH REPORTS DISCOVERY OF A NEW ZONE A...
31/05/2010 Valley High Provides Flume Project Update, Whitegold Distri...
17/12/2009Holiday Greetings from Coro Mining and Valley High Ventures
02/09/2009VHV - News Release 0906 - Trenching Expands Targets at Corde...
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