International Samuel Exploration Corp. (TSX-V: ISS) (the “Company”) is pleased to announce plans for its 100% owned LGM Property (Lucifer, Grizzly and Micky Davis Properties, “LGM” or the “Property”) will focus the exploration program on the advanced new geological theory of the ‘Red-Line’ of Kyba and Nelson (2012) to assess the Property’s potential.
The Red Line model suggests that the geologic contact between the Triassic-age Stuhini rocks and the Jurassic-age Hazelton rocks is a key marker zone for the development of copper-gold mineralization. In Kyba and Nelson’s 2012 work, they demonstrated that many of the mineralized systems in the Golden Triangle are clustered near this Red-Line contact.
This Red Line contact is identified on the significantly under explored areas on the LGM in two distinct, parallel zones; these two zones are each approximately 2 km apart and 5 km long. The LGM Red Line contact zones trend northwest-southeast and span across claim boundaries. Additionally, government geophysical data displays airborne geophysical magnetic highs associated with both LGM Red Line contact zones.
Conrad Swanson, President and Chief Executive Officer of International Samuel Exploration Corp, stated: “The presence of two of the celebrated Red Line contact zones with associated geophysical signatures on the LGM Property enhances its exploration potential immensely”.
The Golden Triangle region has steadily improved with several of the known porphyry copper-gold prospects including: , Galore Creek, and the KSM Project (Seabridge Resources) The recent commencement of production at the Brucejack Gold Deposit (Pretium Resources), combined with production at Red Chris, and the recent discovery announced by GT Gold Corp. at the Saddle Zone has signalled for a resurgence of exploration activity in the area. The abundance of new geologic theories and exploration activity has re-established the Golden Triangle as BC’s pre-eminent exploration and mining district.
Technical disclosure in this news release has been reviewed and approved by International Samuel Exploration Corp.’s Vice President of Exploration, of Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
“Conrad Swanson”
Conrad Swanson
President and CEO
For further information, please contact:
International Samuel Exploration Corp.
Telephone: 604-317-3090
Email: international@samuelexploration.com
www.internationalsamuelexploration.com
Neither the 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.
Forward-looking information
Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.