February 10, 2006 - SYMC Resources Limited (“SYMC” or the “Company”) wishes to announce that it has received all assay results from its completed Phase 1 diamond drilling program of the David Vein at the Macktush property, including duplicate assay results of quarter-sawn drill core from selected quartz-sulphide-mineralized vein intervals. SYMC is also analyzing final data and the contractor’s technical report and beginning to follow up results from the detailed, multi-parameter airborne geophysical survey completed earlier this fall over its contiguous Macktush, Dauntless and MC properties.
Phase 1 drilling at Macktush targeted the projection of the David Vein and parallel goldsilver-copper bearing quartz-calcite-sulphide veins located approximately six km south of Dauntless property targets drilled earlier in the year. Twenty diamond drill holes totaling 1074 metres have been completed over a strike length of 200 metres, successfully tested the David Vein and underlying, sub-parallel Upper David Vein on 25 to 50 metre section spacing, consisting of two to four holes per section from 2 tiers of drill platforms. Assay results have been received from all twenty holes, as follows:
Hole ID |
Vein ID |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
Silver (g/t) |
Copper (%) |
MD-05-01 |
David Vein |
9.0 |
10.7 |
1.7 |
3.282 |
16.000 |
0.049 |
MD-05-02 |
David Vein |
9.9 |
11.4 |
1.5 |
3.159 |
16.000 |
0.061 |
MD-05-03 |
David Vein |
9.6 |
11.3 |
1.7 |
1.148 |
5.000 |
0.026 |
MD-05-04 |
David Vein |
9.5 |
11.9 |
2.4 |
0.527 |
3.000 |
0.035 |
MD-05-05 |
David Vein |
12.7 |
14.3 |
1.7 |
0.575 |
1.700 |
0.042 |
MD-05-06 |
David Vein |
14.5 |
17.7 |
3.2 |
0.181 |
0.063 |
0.005 |
|
Upper David Vein |
24.8 |
25.9 |
1.1 |
0.315 |
0.600 |
0.031 |
MD-05-07 |
David Vein |
17.2 |
19.5 |
2.3 |
0.096 |
0.400 |
0.020 |
MD-05-08 |
David Vein |
20.7 |
22.4 |
1.7 |
0.599 |
4.000 |
0.086 |
MD-05-09 |
Upper David Vein |
17.2 |
17.8 |
0.6 |
0.115 |
0.200 |
0.003 |
MD-05-10 |
No significant values |
|
|
|
|
|
|
MD-05-11 |
No significant values |
|
|
|
|
|
|
MD-05-12 |
No significant values |
|
|
|
|
|
|
MD-05-13 |
No significant values |
|
|
|
|
|
|
MD-05-14 |
David Vein |
32.6 |
33.8 |
1.2 |
1.185 |
5.000 |
0.066 |
|
Upper David Vein |
36.6 |
37.7 |
1.1 |
2.152 |
16.000 |
0.048 |
MD-05-15 |
No significant values |
|
|
|
|
|
|
MD-05-16 |
David Vein |
35.7 |
38.0 |
2.3 |
1.575 |
6.000 |
0.096 |
|
Upper David Vein |
40.7 |
41.9 |
1.2 |
0.098 |
1.100 |
0.015 |
MD-05-17 |
David Vein |
40.7 |
42.4 |
1.7 |
0.377 |
0.900 |
0.027 |
|
Upper David Vein |
50.9 |
52.4 |
1.5 |
0.227 |
1.200 |
0.016 |
MD-05-18 |
Upper David Vein |
44.4 |
45.3 |
0.9 |
0.389 |
1.500 |
0.075 |
MD-05-19 |
Upper David Vein |
52.4 |
53.0 |
0.6 |
0.128 |
0.200 |
0.012 |
MD-05-20 |
No significant values |
|
|
|
|
|
|
The David Vein and Upper David Vein drill intercept values are disappointing and much lower in gold, silver and copper than those reported in surface trench sampling. Although variably mineralized vein structures were intersected in all holes, those furthest northeast and shallowest holes (MD-05-07,-09,-10,-11,-12,-13,-15 and -20) yielded the lowest values. However, the values of gold, silver and copper correlate quite well with one another on a sample-by-sample basis. Also, values of all three metals in vein intercepts increase to the south, as evidenced by results from the southwestern-most and deepest holes (MD-05-01, MD-05-02, and MD-05-14). This suggests a vector towards possible better values at greater depth towards the southwest beneath the nearby Fred Vein, which has been diamond drilled to shallow depths only. See SYMC press release dated October 2, 1997. The best and deepest drill intercepts from the Fred Vein was achieved in hole 87-3 (located approximately 25 meters higher in elevation and 100 metres southwest of intercepts in holes MD-05-01 and MD-05-02) which yielded two vein intercepts as follows:
0.79 metres @ 3.84 g/t Au, 16.46 g/t Ag and 0.80% Cu from 33.5 to 34.29 metres, and 3.81 metres @ 44.23 g/t Au, 172.80 g/t Ag and 0.95% Cu from 36.59 to 40.39 metres
Mapping and diamond drilling of the area southwest of the David Vein and at the Fred Vein is tentatively planned for 2006.
Geochemical analyses and assays of sawn core samples were performed by Acme Analytical Laboratories Ltd. of Vancouver, British Columbia “Acme”). Acme employed the ICP-MS 30 gram multi-element method for initial core sample analyses and the ICPES 1 gram multi-element assay method on samples yielding significant values of base and/or precious metals. Duplicate samples were taken from ten selected sample intervals containing quartz-sulphide vein mineralization from three different holes (MD -05-14, MD-05-16 and MD-05-17), quarter-sawing those intervals, and sending quarter core samples each to Acme and to ALS Chemex of North Vancouver, British Columbia (“ALS Chemex”). ALS Chemex employed the fire assay gravimetric finish 50 gram method for gold and silver and the ICPAES method for copper for the ten quarter-core samples sent to them. Results for gold, silver and copper from ALS Chemex compared well with those received from corresponding quarter-core samples sent to Acme as follows:
ALS Chemex
Results: |
|
|
|
Acme
Results: |
|
|
|
SAMPLE
NUMBER |
Au ppm |
Ag ppm |
Cu % |
SAMPLE
NUMBER |
Au ppm |
Ag ppm |
Cu % |
| P148460 |
0.100 |
<5 |
0.013 |
105170 |
0.060 |
0.200 |
0.010 |
| P148461 |
<0.05 |
<5 |
0.016 |
105173 |
0.034 |
3.000 |
0.009 |
| P148462 |
2.080 |
17.000 |
0.053 |
105176 |
2.152 |
16.000 |
0.048 |
| P148463 |
1.610 |
10.000 |
0.098 |
105187 |
1.683 |
7.000 |
0.115 |
| P148464 |
0.060 |
<5 |
<0.005 |
105190 |
0.063 |
0.100 |
0.001 |
| P146465 |
0.100 |
<5 |
0.019 |
105193 |
0.146 |
0.200 |
0.011 |
| P148466 |
0.420 |
<5 |
0.037 |
105207 |
0.377 |
0.900 |
0.027 |
| P148467 |
0.130 |
<5 |
0.007 |
105211 |
0.021 |
<0.100 |
0.005 |
| P148468 |
0.180 |
<5 |
0.024 |
105214 |
0.227 |
1.200 |
0.016 |
| P148469 |
0.060 |
<5 |
0.012 |
105218 |
0.059 |
0.300 |
|
An inferred mineral resource estimate for the David Vein was completed by David Pawliuk, P.Geo. in 2002 based upon chip sampling of trenches completed by Robert A Davey, A.C.S.M., P.Eng. in 1996, and consists of 54,000 tonnes @ 16.24 g/t gold, 61.24 g/t silver and 1.02% copper. As a result of the 2005 drilling program, this mineral resource estimate will be downgraded.
Further, the Company’s independent geophysical consultant, Ken Robertson, P.Geo., of VOX Geoscience Ltd., is reviewing the airborne geophysical survey results in conjunction with SYMC. In addition, SYMC is currently conducting groundwork to investigate the most prominent anomalies revealed by the airborne geophysical survey.
The technical information on the drilling program in this news release has been reviewed and confirmed by Jacques Houle, P.Eng., a qualified person within the meaning of National Instrument 43-101.
Signed "Herbert McMaster"
Herbert McMaster
President
For further information contact:
SYMC RESOURCES LIMITED
200 – 100 Park Royal
West Vancouver, B.C. V7T 1A2
Telephone (604) 926-SYMC
Fax (250) 723-4544
