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To: LoneClone who wrote (105819)3/15/2014 9:43:09 PM
From: LoneClone  Read Replies (1) | Respond to of 192471
 
Source Exploration Corp.: Infill Drilling at Las Minas Project Supports Results of Prior Drilling at El Dorado Target

Press Release: MINING EXPLORATION UPDATE – Thu, 13 Mar, 2014 8:00 AM EDT

ca.finance.yahoo.com

SOP.V0.060.00



THUNDER BAY, ONTARIO--(Marketwired - March 13, 2014) - SOURCE EXPLORATION CORP. (the "Company" or "Source") (TSX VENTURE:SOP) is pleased to announce that seven new infill drill holes drilled at the El Dorado target of the Las Minas Project have confirmed the results outlined by earlier exploration drilling. The seven holes are part of a planned two phase program totaling approximately 2,800 metres of delineation drilling at the El Dorado and Santa Cruz discovery areas.

The mineralized skarn zone at El Dorado remains fully open to the east and west and continues towards the south where it is believed to merge with the higher grade Santa Cruz zone. Previously reported exploration drilling at Santa Cruz intersected high-grade mineralization in hole LM-11-SC-45, which returned 15.89 grams per tonne gold (g/t Au) 12.98 grams per tonne silver (g/t Ag) and 2.25 percent copper (% Cu) over 10.0 metres(m) - see press release January 26, 2012. The El Dorado and Santa Cruz zones are only two of the several known mineralized skarn zones that occur on the property.

The gold - silver and copper mineralization zone outlined in the infill drilling is genetically related to the Las Minas granodiorite intrusive and the hydrothermal systems that accompanied granitoid emplacement. The Las Minas granodiorite intrusive measures approximately 10 kilometres in diameter and underlies the Las Minas concessions.

NEW DRILL RESULTS

Selected drill highlights from the first seven holes of infill drilling include:

Hole LM-14-ED-03 returned:

  • 0.77 g/t Au, 13.4 g/t Ag, 5.37% Cu or 10.2 g/t Au Eq over 2.0 metres within
  • 6.9 m grading 0.28 g/t Au, 4.74 g/t Ag, 1.76% Cu or 3.37 g/t Au Eq within
  • 18.2 m grading 0.27 g/t Au, 3.35 g/t Ag, 0.93% Cu or 1.91 g/t Au Eq

  • Hole LM-14-ED-05 returned:

  • 1.60 g/t Au, 5.56 g/t Ag, 0.92% Cu or 3.26 g/t Au Eq over 6.0 m

  • Hole LM-14-ED-07 returned:

  • 1.66 g/t Au, 8.31 g/t Ag, 0.91% Cu or 3.36 g/t Au Eq over 2.4 m
  • 0.57 g/t Au, 4.32 g/t Ag, 1.10% Cu or 2.52 g/t Au Eq over 11.4 m.

  • President & CEO, Brian Robertson said, "We are excited about these new drill results, which supports the results of previous drilling and bodes well for the development of an initial resource estimate. Recent results confirmed that the mineralized skarn zone at El Dorado remains open both on strike and down dip."

    Table 1 Selected Las Minas Project Drill Results, March 2014

    Hole No. From
    (M)
    To
    (M)
    Interval
    (M)
    Gold
    g/t
    Silver
    g/t
    Copper
    %
    Au Eq1
    g/t
    LM-14-ED-01 111.7 117.7 6.0 0.74 1.60 0.53 1.67
    LM-14-ED-02 103.0 112.2 9.2 0.38 2.00 0.43 1.15
    LM-14-ED-03 110.3 128.2 18.2 0.27 3.35 0.93 1.91
    Including 110.0 114.0 4.0 0.75 6.80 1.17 2.85
    Including 121.3 128.2 6.9 0.28 4.74 1.76 3.37
    Including 124.1 126.1 2.0 0.77 13.4 5.37 10.17
    LM-14-ED-04 125.7 139.8 14.1 0.44 1.55 0.39 1.14
    Including 125.7 135.8 10.1 0.56 1.95 0.49 1.43
    LM-14-ED- 05 135.4 141.4 6.0 1.60 5.56 0.92 3.26
    LM-14-ED-06 51.2 53.6 2.4 0.23 4.77 0.63 1.39
    LM-14-ED- 07 12.9 15.4 2.4 1.66 8.31 0.91 3.36
    and 41.4 44.4 3.0 1.38 3.28 0.17 3.04
    and 59.3 70.7 11.4 0.57 4.32 1.10 2.52
    1 Gold equivalent (Au Eq) calculations use metal prices of US$ 1200/oz. for gold, US$ 19.00/oz. for silver and US$ 3.00/lb. for copper. No adjustments have been made for potential relative differences in metal recoveries.

    Au Eq g/t equals Au g/t + (Ag g/t x 0.016) + (Cu% x1.71)

    All intervals are reported as down-hole lengths and based down - hole structural data, the intercepts may be approximately 95% of true thickness. Assays are uncut, length weighted average values.

    Quality Assurance/Quality Control

    The technical information in this news release has been reviewed and approved by Sonny Bernales, P. Geo., a registered Professional Geoscientist in the Province of British Columbia and a qualified person as defined by National Instrument 43-101. Mr. Bernales is responsible for logistics and supervision of all exploration activity conducted by Source on the property.

    The Company has implemented and adheres to a strict Quality Assurance/Quality Control program which includes inserting mineralized standards and blanks into the sample stream, about 1 for every 10 samples. The standards and blanks were obtained from CDN Resource Laboratories Ltd. of Langley, BC, Canada. Each sample bag is properly sealed and kept in a secured, restricted storage place prior to shipping to the lab. Samples are shipped directly by Source or picked-up by the lab vehicle with chain of custody/sample submittal signed and dated. The Company sends it samples to SGS Mineral Services (ISO/IEC 17025) at Durango, Mexico, an accredited laboratory.

    About Source Exploration

    Source Exploration is a Canadian based mineral exploration company committed to building long-term value through ongoing discoveries and strategic acquisitions of prospective precious metals deposits in Mexico. Source is exploring the Las Minas project, which is located in the core of the Las Minas district in the Veracruz State, Mexico. The district is host to one of the largest under explored skarn systems known in Mexico and has a strong production history that dates back to the Aztec era.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about the magnitude or quality of mineral deposits, anticipated advancement of mineral properties or programs, future operations, results of exploration, prospects, commodity and precious metals prices, future work programs, anticipated financial and operational results, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors, which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Corporation's disclosure documents. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based on the opinions and estimates of management and information available to management as at the date hereof. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

    Shares Issued: 62,776,235

    Contact:
    Source Exploration Corp.
    Brian Robertson
    President & CEO
    807-474-4272
    807-474-4271 or 807-251-1816
    info@sourceexploration.com
    www.sourceexploration.com



    To: LoneClone who wrote (105819)3/15/2014 9:49:47 PM
    From: LoneClone  Read Replies (1) | Respond to of 192471
     
    Silver Predator to Commence Initial Drilling on Taylor Gold Targets

    Fri, 14 Mar, 2014 4:00 PM EDT

    ca.finance.yahoo.com

    SPD.TO0.0850.00



    Reno, Nevada US, March 14, 2014 /FSC/ - Silver Predator Corp. (SPD - TSX Venture), (the "Company") is pleased to announce that it has received permits for 14 drill sites designed to test newly identified gold targets to the east and southeast of the existing 1,320 tpd mill and silver resource at its 100% owned Taylor Project, located in White Pine County, Nevada. This is the first time the previously unrecognized gold targets will be drill tested.

    The drill program will commence immediately to test the new "Carlin type" gold target areas identified at South Taylor, Antimony Pit, Crescent and Enterprise. Surface alteration and mineralization mapped and sampled in the Enterprise - Crescent area covers a larger footprint than the current silver resource and has yielded high grade surface results with soil samples up to 1.7 g/t gold (Au) and 58.0 g/t silver (Ag). The Company anticipates receiving initial assay results in the second quarter of this year.

    Discussion of New Gold Targets

    In 2012, a detailed mapping program covering eight square miles was completed that included the existing silver resource area and newly developed targets shown on the attached map. Initial mapping in the open pit areas found that silver mineralization was confined to specific, but predictable host rocks and fault zones. In fact, the best silver grades were found at the convergence of north-south and northwest-orientated fault zones; structural controls that are repeated at Taylor and typical of other gold districts in Nevada, including the northern Carlin Trend. In addition, the Company found that silty carbonate rock types, as in other Nevada sediment hosted precious metals mines, are key host rocks in the Taylor resource area. Extensive intrusive igneous rocks mapped as dikes and sills are also closely associated with the higher silver grades at Taylor and represent a third characteristic common to other Nevada sediment hosted deposits.

    As the mapping was expanded outward from the resource area, silica alteration, intrusives, and antimony prospects related to N-S and NW faulting were found to the east and southeast of the resource area. This mapping was the first indication that previous mining was focused on only a minor portion of a much larger District-scale precious metals system. In the newly mapped areas, however, the highly favorable silty carbonate host rocks of the upper Guillmette Formation are not exposed at the surface as they are in the resource area and require drilling to test.

    In order to prioritize and rank the newly identified target areas, a soil geochemistry program was designed and implemented in late 2012. This soil sample grid consisted of 1,166 samples and provided broad overall coverage with additional detail over some of the better areas as defined by the mapping program. The soil program identified highly anomalous gold, silver, antimony, arsenic and mercury in mapped areas coincident with favorable host rocks, intrusives, jasperoid silica and the patterned N-S/NW fault sets. The soil results include the following:

    * Five samples assaying over 1 g/t gold (Au), including values of 1.3, 1.5 and 1.7 g/t Au;

    * 126 samples (11%) assaying greater than 0.2 g/t Au;

    * 224 samples (19%) assaying greater than 0.1 g/t Au; and

    * The 1.3 g/t soil sample was located approximately 15 feet from a small outcrop of Pilot Shale that was weakly silica altered, but assayed 5 g/t Au and 12 g/t Ag.

    Conclusion

    The combined mapping and soil geochemistry programs confirmed that Taylor is a newly recognized classic Carlin-type precious metals system with a significant gold component. The upcoming reverse circulation drilling program is designed to test some of these target areas that combine mapped faults, intrusives and alteration, and favorable soil results at surface, with a deeper projection of the upper Guillmette host rocks. This upper Guillmette silty carbonate horizon varies in depth from one area to another, but is expected to average approximately 300-750 feet below surface.

    To view the image for the a for mentioned, please click on the following link:
    usetdas.com

    For a complete discussion of QA/QC methods, refer to the March 18, 2013 news release. Qualified Person and consultant to the Company Mark J. Abrams, CPG, has reviewed and approved the contents of this news release for disclosure.

    Silver Predator Corp.

    Silver Predator's corporate mandate is to advance the previously operated Nevada-based Taylor project. The Taylor project hosts a current resource estimate, is open to expansion, and is located in a district that has identified the potential for discovery of additional silver and gold deposits. With quality assets in a world-class jurisdiction, and an exploration team with a history of success in Nevada, Silver Predator is positioned to advance new and existing discoveries.

    For additional information:

    William M. Sheriff, Chairman

    (208) 635 5415

    or

    Nathan A. Tewalt, Chief Executive Officer

    (775) 284 1271
    info@silverpredator.com
    www.silverpredator.com

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Silver Predators' plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Silver Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

    To view the press release as a PDF, please click on the following link:
    usetdas.com

    Source: Silver Predator Corp. (TSX: SPD.TO - News) silverpredator.com