[Marinir] {Disarmed} Stellar Pacific (TSX-V: SPX) Reports Positive Drill Results on Guinea Solotomo’s Gold Structure B-3
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Wed Jul 20 18:33:11 CEST 2011
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STELLAR PACIFIC VENTURES COMPLETE PHASE I OF DRILLING ON "SOLOTOMO
DISCOVERY", GUINEA, WEST AFRICA AND CONFIRMED B-3 GOLD ZONE OVER 1,000
METRES STRIKE LENGHT AND STILL OPEN IN ALL DIRECTIONS
M. Maurice Giroux reports:
Stellar Pacific Ventures Inc. (TSX-V: SPX
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=SPX®ion=C&lookup=symbol&snapshot=default
) ("Stellar" or the "Company") is pleased to conclude on the 42 RC holes
program drilled on the B-3 Zone of the SOLOTOMO gold system. A total of
21 holes intercept significant gold grades over widths of up to 35
metres.
The 42 RC holes on B-3 Grid were drilled along 12 different sections or
fences 50 to 100 metres apart to test a strike of 1,050 metres along and
across the B-3 gold anomaly. B-3 is part of a large gold anomaly showing
numerous NW/SE and NE/SW extensive gold in soil anomalies that includes
the SOLOTOMO artisan pit, as well as B-1 to B-4 zones as shown on the
following map . ( Zone B-1 to B-4 and Solotomo Pit
http://www.infostockbiz.com/SPX_Solotomo.pdf
)
Off the 42 holes, 21 cuts significant gold intersections along a large
corridor aligned N 2200. The mineralized shear zone is dipping 50
degrees NE.
The following table lists all major intercepts and the following map
summarizes the results of this initial drill program. ( Zone B-3, RC
drill results
http://www.infostockbiz.com/SPX_B3_main.pdf
)
SOLOTOMO ZONE B-3 MOST SIGNIFICANT MINERALIZED DRILL INTERSECTIONS
Hole # FROM TO INTERSECTION
(m) (m) (gr Au/t/m)
B-3 02 1 3 1.24 gr Au/t/2m
B-3 05 39 59 2.0 gr Au/t/19m
including 40 46 3.44 gr Au/t/6m
B-3 06 44 47 2.48 gr Au/t/3m
including 45 46 6.79 gr Au/t/1m
B-3 08 0 12 2.27 gr Au/t/12m
including 0 5 3.10 gr Au/t/5m
9 10 6.44 gr Au/t/1m
B-3 09 0 8 1.26 gr Au/t/8m
including 3 4 5.48 gr Au/t/1m
7 8 3.32 gr Au/t/1m
B-3 12 1 30 1.15 gr Au/t/29m
including 24 29 2.5 gr Au/t/5m
B-3 13 0 10 0.89 gr Au/t/10m
including 9 10 3.55 gr Au/t/1m
B-3 14 5 6 2.83 gr Au/t/1m
33 34 1.52 gr Au/t/1m
B-3 18 3 9 2.20 gr Au/t/6m
B-3 21 11 12 1.89 gr Au/t/6m
B-3 22 33 37 1.13 gr Au/t/4m
53 64 1.27 gr Au/t/12m
including 60 61 9.97 gr Au/t/1m
B-2 23 7 22 1.63 gr Au/t/15m
including 11 16 2.82 gr Au/t/5m
B-3 24 0 4 4.22 gr Au/t/4m
including 0 1 15.8 gr Au/t/1m
40 43 1.50 gr Au/t/3m
B-3 26 0 35 1.47 gr Au/t/35m
including 9 11 2.52 gr Au/t/2m
17 24 2.72 gr Au/t/7m
28 30 4.09 gr Au/t/2m
33 35 5.16 gr Au/t/2m
55 58 5.35 gr Au/t/2m
B-3 27 16 26 2.0 gr Au/t/10m
including 22 26 4.24 gr Au/t/4m
B-3 30 9 23 2.76 gr Au/t/14m
including 9 12 5.0 gr Au/t/3m
16 20 4.54 gr Au/t/4m
56 61 3.51 gr Au/t/5m
B-3 31 36 43 4.1 gr Au/t/7m
52 53 16.5 gr Au/t/1m
56 57 7.13 gr Au/t/1m
63 66 3.04 gr Au/t/3m
B-3 33 12 21 4.41 gr Au/t/9m
including 14 17 6.0 gr Au/t/3m
B-3 36 27 29 1.23 gr Au/t/2m
B-3 43 18 19 2.61 gr Au/t/1m
Sections A-A', B-B' and C-C' traced across the mineralized zone show 2
parallel mineralizes structures dipping roughly 450 NE. ( B-3 drill
section
http://www.infostockbiz.com/SPX_B3_grid.pdf
)
Anomalies B1 to B4 represents a large gold system located just East of
the Solotomo artisan mine site and are part of a system of
northwest/southeast and northeast/southwest structures. Geological
observation from trenches suggest that the gold mineralization on the
Solotomo discovery occurs in quartz-carbonate veins hosted within a
well-preserved and very deformed Sericite schist trending northwest and
dipping to the east. One form of disseminated alteration most commonly
noted in oxidized rocks is quartz-sericite-pyrite (QSP) alteration. This
alteration type is not distinctly different in coloration in fresh core
and is thus difficult to detect in that state. Surface weathering
converts the sericite to white kaolinite, creating a bright white colour
alteration distinguishable even at great distance when exposed in
trenches, artisan diggings and drill pads. This kind of alteration is
evident in the proximity of the Solotomo artisan pits and the white
kaolinite is visible from great distance.
Mr. Maurice Giroux, President and CEO of the company and a Qualified
Person as defined in NI 43-101 regulation quoted: "We are very pleased
with the SOLOTOMO discovery and our works keeps delivering excellent
results. The conclusion of this initial drill program confirmed with no
doubt the potential at depth of the B-3 anomaly on a distance of more
then 1,000 metres. The zone remains open at depth and laterally and we
are already planning another phase of RC and core drilling for October
2011."
"Furthermore, the Zone B-1 still being compiled also looks as promising
with a significant intersection of 1.64 grams per tonne gold over a
length of 47 metres as previously announced ( Stellar Pacific drills 47
m of 1.64 g/t Au at Solomoto 2011-06-01 ). Overall results of B-1 will
be announced as soon as the compilation and the interpretation are
completed. We are confident to be able to deliver an initial resource
calculation before the end of 2011."
"We have now confirmed by drilling significant gold mineralization on
three different zones all part of the same SOLOTOMO system, namely, the
Solotomo artisan site ( Stellar Pacific drills 20 m of 1.74 g/t Au at
Solotomo 2011-04-19) , zone B-1 and B-3. Although the results are very
positive, we believe that exploration is at early stage and that the
understanding of the structural geology of the SOLOTOMO area can lead to
real success story."
About the Balandougou property
The Balandougou property is located 100 kilometres to the north of
Siguiri in Upper Guinea, close to the Mali border. It is composed of
four contiguous permits covering an extensive area of 606 square
kilometres in Guinea and of the Namarana permit covering 132 square
kilometres adjacent and across the boarder on Mali side.
About Stellar Pacific Ventures
Stellar Pacific Ventures (TSX-V :SPX) is a Canadian-based mining
exploration company whose primary mission is to target, explore and
develop gold deposits In Africa.
Stellar is dedicated to creating growth by discovering and mining the
earth's resources in an efficient and environmentally responsible
manner.
The technical content of this press release have been reviewed and
approved by Mr. Maurice Giroux, a Qualified Person as defined in NI
43-101 regulation.
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.
For more details, visit the company website: www.stellarpacific.com
http://www.stellarpacific.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Maurice Giroux, President and CEO
Stellar Pacific
1155 rue Rue University Suite 812
Montreal, Québec H3B 3A7
Tel.: 514-866-6299
Fax: 514-866-8096
www.stellarpacific.com
http://www.stellarpacific.com
Ress.stellar at bellnet.ca
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http://www.infostockbiz.com
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