|July 17, 2012|
Blind Creek Resources Ltd Exploration Update. Table Mountain, & Dominion Creek projects in Atlin Gold Camp, British Columbia and Keno Silver and Yukon Carlin Trend projects, Mayo District, Yukon.
|Vancouver, BC - Blind Creek Resources Ltd. (TSX-V: BCK) ("the Company" or "Blind Creek") reports that the Blind Creek exploration team are finding visible mineralization on Table Mountain in the Atlin-Tagish region, 15-20 km Northwest of the historic Atlin Gold Camp in Northwest British Columbia, and 43 kilometres south of the Yukon border. Since 1910 and the initiation of Minfiles, Table Mountain records show almost no mineral exploration activity. |
Scattered over an area of 4 square kilometres, the Blind Creek team has now found a zone of individual gossans in addition to two un-documented adits within very steep cliff faces and gullies on Table Mountain. The first adit intersects a composite quartz vein system 50 cm wide at approximately 350 metres above Graham Inlet, and the second adit is located in a gossan zone approximately 1000 metres to the northeast. These adits are estimated at 110 years old.
The first adit intersects an east-west striking composite quartz vein dipping steeply north into Table Mountain, and is part of a geochemical anomaly found in 2011 by the Blind Creek team. This composite quartz vein is visible for 10 metres before covered either by talus at one end and tapering out at the other end; visible mineralization consists of strongly pervasive malachite, associated azurite, strongly disseminated galena, disseminated chalcopyrite and a lesser mineral identified as sphalerite. Down slope towards Graham Inlet trains of similar mineralized float rock are traceable for 350 metres. The second adit hosts lesser malachite staining. Generally, but not always, precious metals are associated with similar galena-sphalerite-chalcopyrite-malachite-azurite mineralization in the Atlin-Tagish Lake region.
Based on 2011 geochemical surveys, other geochemical anomalies are yet to be explored, in addition to other gossan zones. Immediate pending soil surveys on the summit of Table Mountain, an area of 9 square kilometres will hopefully identify additional areas of mineralization.
Eighty soil samples, forty two mineralized rock samples, and two pan concentrate samples from Table Mountain will be delivered to a Whitehorse prep-laboratory by 16th July.
Elsewhere in the Atlin camp, results from a Blind Creek magnetometer survey initiated in April 2012, suggest previous drilled gold bearing geology on Dominion Creek, but it has not been traced on Blind Creek's property and is as yet un-drilled on the Company's tenures. This magnetometer survey will be followed-up this fall and winter to enhance future Blind Creek drilling target selection. Dominion Creek is adjacent and leads into Spruce Creek, historically one of the richest placer creeks in British Columbia, therefore Dominion Creek geology has long been suspect as a potential source to Spruce Creek gold placers.
Within the Yukon Carlin Trend and Keno Silver projects near Mayo, Yukon, analytical results from June 2012 submitted samples have not been encouraging. Analyses from Blende-Ocelot mineralized chalcopyrite rock samples in-addition to soil samples collected in June 2012 are still pending.
The Company now has an updated website with information and technical reports at www.blindcreekresources.com
The technical information in this News Release has been written by Nicholas Clive Aspinall, P.Eng., a qualified person as defined in National Instrument 43-101.
On behalf of the Board of Directors,
"J. Frank Callaghan"
J. Frank Callaghan
President and CEO
Tel: (604) 669 -- 6463
This News Release contains forward-looking statements. Forward-looking statements are statements, which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.
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.
You can view the Next News Releases item: Mon Dec 10, 2012, Blind Creek Announces Results of AGM
You can view the Previous News Releases item: Fri Jun 29, 2012, Blind Creek Announces Stock Option Grant
You can return to the main News Releases page, or press the Back button on your browser.