Optimum Ventures Samples 2.3 g/t Au and 5477.4 g/t Ag on the Golden Summit Zone and 26.6 g/t Au and 1003.2 g/t Ag on the BR Zone on the Harry Property
27 Septiembre 2022 - 8:00AM
Optimum Ventures
Ltd. (“
Optimum” or the
“
Company”) (TSXV: OPV) announces that the Company
has received the gold and silver assays for select samples from BR,
Usrula and Golden Summit zones located on the Harry property.
Highlights of the sampling include:
- 1.8 to 26.6 g/t Au and
282.9 to 1003.2 g/t Ag from 5 samples on the BR zone.
- 0.8 to 6.5 g/t gold and
131.3 to 208.1 g/t silver on the Ursula zone.
- 0.1 to 2.3 g/t Au and 470.3
to 5477.4 g/t Ag on the Golden Summit zone.
This photo shows the relationship of the Swann
zone to the BR zone. Optimum has also exposed a small portion of
the Swann zone in about 2.5 m of overburden in preparation for
further exploration based on the success of this year’s
drilling.
A photo of mineralization out of bedrock is
attached.
Shaw drilling of 1 m holes on the Saw Cut zone
has intersected abundant sphalerite (ZnS) over at least 10 m within
an overall zone that is up to 40m wide. A photo is attached.
Grab sample assaying of this zone were ranging
from 0.1 to 5.4 g/t Au and 10.2 to 158.4 g/t Ag (from 3 samples)
associated with the strong sphalerite mineralization.
The new zone Ursula South consists of
mineralization of a stockwork of galena-sphalerite veins up to 0.8
m wide over a width of 5 m. This new zone is located in an
overburden area approximately 75 m south of the Ursula zone.
Assays were conducted by Seacan Labs Stewart
based in Stewart BC.
About Optimum
Optimum Ventures Ltd. is a Canadian based mineral exploration
company actively seeking opportunities in the resource sector. Its
properties and projects are all located in British Columbia and the
extensions of the "Golden Triangle" area of northern British
Columbia into Alaska. The company has an option agreement with
Teuton Resources Corp. pursuant to which Teuton has agreed to grant
to Optimum the option to acquire an up to 80-per-cent interest in
the Harry and Outland Silver Bar properties, located near Stewart,
B.C. For more information
visit www.optimumventures.ca.
Qualified Persons
Mr. Edward Kruchkowski P.Geo., a member of the Company's Board
of Directors and registered in the Provinces of British Columbia is
the "Qualified Person" under NI 43-101 and is responsible for the
technical contents of this news release and has approved the
disclosure of the technical information contained herein.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tyler RossOptimum Ventures Ltd.Tel: (604) 428-6128
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.
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance. Forward-looking statements include
estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company
or management expects a stated condition or result to occur. The
use of any of the words "could", "intend", "expect", "believe",
"will", "projected", "estimated" and similar expressions and
statements relating to matters that are not historical facts are
intended to identify forward-looking information and are based on
the Company's current belief or assumptions as to the outcome and
timing of such future events including, among others, assumptions
about future prices of gold, silver, and other metal prices,
currency exchange rates and interest rates, favourable operating
conditions, political stability, obtaining government approvals and
financing on time, obtaining renewals for existing licenses and
permits and obtaining required licenses and permits, labour
stability, stability in market conditions, the impact of the
COVID-19 pandemic, availability of equipment, availability of drill
rigs, and anticipated costs and expenditures. The Company cautions
that all forward-looking statements are inherently uncertain, and
that actual performance may be affected by a number of material
factors, many of which are beyond the Company's control. Such
factors include, among other things: risks and uncertainties
relating to Optimum's ability to complete all payments and
expenditures required under the Option Agreement; and other risks
and uncertainties relating to the actual results of current
exploration activities, the uncertainty of reserve and resources
estimates; the uncertainty of estimates and projections in relation
to production, costs and expenses; risks relating to grade and
continuity of mineral deposits; the possibility that future
exploration, development or mining results will not be consistent
with adjacent properties and the Company's expectations;
operational risks and hazards inherent with the business of mining
(including environmental accidents and hazards, industrial
accidents, equipment breakdown, unusual or unexpected geological or
structural formations, cave-ins, flooding and severe weather);
metal price fluctuations; environmental and regulatory
requirements; availability of permits, failure to convert estimated
mineral resources to reserves, the inability to complete a
feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, fluctuating gold
prices, possibility of equipment breakdowns and delays, exploration
cost overruns, availability of capital and financing, general
economic, political risks, market or business conditions,
regulatory changes, timeliness of government or regulatory
approvals and other risks involved in the mineral exploration and
development industry, and those risks set out in the filings on
SEDAR made by the Company with securities regulators. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, other than as required by applicable
securities legislation.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/19ffe431-13be-4f38-88da-48e962840acc
https://www.globenewswire.com/NewsRoom/AttachmentNg/a24ce2f6-f421-45cc-abf9-fb32552d12c4
https://www.globenewswire.com/NewsRoom/AttachmentNg/95a4a89b-b84a-454e-a554-3f1410ec8022
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