TORONTO, ONTARIO, Jun 12, 2012 (MARKETWIRE via COMTEX) — VVC EXPLORATION CORPORATION /quotes/zigman/291890 CA:VVC -8.33% (frankfurt:V7S) (“VVC” or the “Company”) is pleased to announce the results of a geological mapping, rock and soil geochemical exploration program in the southern segment of its Cumeral Property, located 70 km to the south of the US border, in Sonora State, Mexico. The exploration program was carried out by independent geological consultants and a National Instrument 43-101 report on the property is being prepared by Michel Boily, PhD, P. Geo. It will be released when completed.
Results from the mapping and rock sampling programs show high gold values (i.e. 0.5 to greater than 10 g/t) are found in hematized and pyritized quartz veins/veinlets commonly associated with mylonitized, gently eastward-dipping, low-angle (20 degrees to 40 degrees) faults. Geological mapping in the southern segment of the property has revealed at least ten gold-mineralized structures generally confined to areas tested by the air track drilling program of 2010 (News release dated September 21, 2010).
The soil geochemical survey was carried out to the north of the area covered by the detailed mapping and rock sampling program. Three anomalous areas with values of greater than 50 ppb Au are defined within zones characterized by a paucity of outcrops or in unmapped regions. The soil geochemistry, In conjunction with gold assays from rock and soil samples taken from 2010 to 2012, gives a crude NNW-SSE trend of elevated values extending for 4 km. Preliminary mapping to the west and north of the known mineralized zones suggests a similar tectonic / geologic environment with the potential for significant gold-mineralized areas of similar quartz/pyrite/hematite veins.
The geology of the Cumeral property is dominated by two early to middle Jurassic rock types: 1) a quartz eye biotite+/-muscovite schist (rhyolitic volcanic protolith) in the south and 2), a feldspar porphyritic biotite monzogranite/granodiorite principally in the north. Gold-mineralized quartz veins are injected in two principal sets of fractures (S120 degrees-140 degrees E/65-90 degrees SW and N30 degrees-75 degrees W/15 degrees-50 degrees S), the latter parallel to the main schistosity. Both rhyolite and granite units are metamorphosed and strained, generating mylonitic fabrics.
Rock and soil samples were sent to the ALS Chemex laboratories in Chihuahua, Zacatecas or Hermosillo, Mexico. All Au analyses were done by Fire Assay with a gravimetric finish. All other assays were performed by ICP-AES or AAS methods. Samples with ore grade values (greater than 100 ppm Ag, greater than 10,000 ppm Cu) were re-analyzed by ICP-AES or AAS. Gold values in soil samples (at least 25g) were determined by ICP-MS following digestion in Aqua Regia.
The technical aspects of this news release were reviewed by Michel Boily, PhD, P.Geo, who is a Qualified Person (QP) in both as defined in National Instrument 43-101.
A compilation map showing the soil geochemical anomalies and gold mineralization will be attached to the version of this news release filed on SEDAR and on our website.
VVC Exploration Corporation is a Canadian exploration company with projects in Mexico and Canada, including gold/silver prospects in Sonora and Sinaloa states, Mexico and in the Timmins area of northern Ontario. VVC is also aggressively searching for other projects – mainly precious minerals and base metals at various stages of development in North America, with an emphasis on near-surface gold and silver projects in Mexico.
On Behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer
This press release includes “forward-looking statements” including forecasts, estimates, expectations and objectives that subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding financings are subject to all of the risks and uncertainties normally incident to fund raising by public companies. Statements regarding present and future exploration are subject to all the risks and uncertainties normally associated with exploration, and are conditional on the Company having or raising the necessary cash resources to implement and complete the exploration program. These risks include, but are not limited to, market conditions and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.
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VVC Exploration Corporation