January 18, 2007 - SYMC Resources Limited ("SYMC" or the "Company") (TSX-V: SY) is pleased to announce final results from its 2006 work program consisting of prospecting of airborne geophysical targets, and diamond drilling programs on previously known targets on its wholly owned Macktush Property near Port Alberni, B.C.
Both geochemistry and assay results have been received by SYMC from Acme Analytical Laboratories ("Acme") for all 336 rock samples and 26 stream sediment moss mat samples taken from four airborne electromagnetic anomaly clusters (Rex, Cous, West and Macktush) by SYMC's prospecting crews since June 2006. Several outcrop (o/c) rock samples and moss mat samples from the Rex and Cous clusters, and one outcrop rock sample from the Beach area east of the Macktush Cluster, have yielded elevated values in copper, gold, silver and/or iron and occasionally in molybdenum, lead, zinc and/or other mineral deposit pathfinder elements. Highlights received since the fall exploration update (see SYMC October 25, 2006 news release) from selected (sel.) outcrop (o/c) grab and representative (rep.) outcrop chip samples are as follows:
Cluster |
Sample No. |
Sample Description |
Cu % |
Au g/t |
Ag g/t |
Fe % |
Cous |
312742 |
0.5 m. rep outcrop chip |
0.373 |
0.183 |
17.5 |
32.2 |
Cous |
312746 |
0.5 m. rep. outcrop chip |
0.246 |
0.097 |
3.4 |
27.4 |
Cous |
312747 |
0.25 m. rep. outcrop chip |
0.111 |
0.683 |
0.4 |
35.7 |
Cous |
343712 |
0.33 m. select outcrop grab |
2.355 |
0.350 |
5.0 |
6.2 |
Cous |
343713 |
0.5 m. sel. outcrop grab |
0.139 |
0.387 |
0.6 |
28.7 |
Cous |
343717 |
0.33 m. sel. outcrop grab |
0.262 |
0.169 |
3.0 |
3.3 |
Cous |
343719 |
select outcrop grab |
0.269 |
0.255 |
3.1 |
4.8 |
Cous |
343721 |
5 m. sel. o/c grab |
0.255 |
0.181 |
3.4 |
4.6 |
Cous |
343722 |
0.13 m. select outcrop grab |
0.249 |
0.330 |
7.4 |
3.9 |
Cous |
343726 |
select outcrop grab |
0.452 |
0.255 |
9.3 |
26.9 |
Cous |
343730 |
5 m. slect o/c grab |
0.095 |
0.140 |
1.5 |
4.5 |
Cous |
343733 |
2 m. select o/c grab |
0.116 |
0.057 |
0.7 |
4.5 |
Beach |
343809 |
1.2 m. select outcrop grab |
0.834 |
0.024 |
3.0 |
3.8 |
(and |
0.01% |
Mo) | ||||
Cous |
343879 |
1 m. sel. o/c grab |
0.805 |
0.424 |
0.7 |
3.2 |
Cous |
343883 |
10 m. sel. o/c grab |
0.162 |
0.009 |
0.4 |
8.7 |
Rex |
343891 |
3 m. sel. outcrop grab |
0.119 |
0.014 |
0.2 |
18.2 |
Rex |
343892 |
0.25 m. sel. outcrop grab |
13.910 |
2.713 |
29.0 |
30.8 |
Rex |
343894 |
4 m. sel. o/c grab |
0.174 |
0.752 |
0.5 |
6.9 |
Cous |
343901 |
0.2 m. sel. outcrop grab |
0.049 |
0.243 |
0.5 |
41.8 |
Cous |
343905 |
0.06m. sel. o/c grab |
0.099 |
1.101 |
2.3 |
3.5 |
Cous |
343923 |
1 m. sel. o/c grab |
0.440 |
0.025 |
0.3 |
7.0 |
(and |
0.150% |
Pb, 0.630% | Zn) |
The presence of elevated values of copper, gold and silver in outcropping magnetite-bearing iron (Fe) skarn and chalcopyrite-bearing copper (Cu) skarn mineralization discovered by SYMC prospecting crews at several locations in the Cous Cluster surrounding the MC Zones is very encouraging. Elevated copper, lead and zinc values in tuffaceous volcanics suggests the potential for volcanogenic massive sulphide mineralization as well. The presence of elevated copper, gold and silver in outcropping quartz-sulphide (Qtz.-S.) veins and intrusive breccia in the Rex Cluster has provided focal points for phase 2 work proposed on this large (5 by 3 km.) target area. Additional modeling of the 2005 airborne geophysical data, prospecting, detailed mapping, and tenching are warranted and proposed for 2007 both to follow up these new outcrop discoveries as well as to identify bedrock sources of elevated stream moss mat values.
Both geochemistry and assay results have been received by SYMC from Acme for three diamond drill holes which targeted the MC copper-gold-silver quartz-sulphide skarn/vein Zone. All three holes successfully tested the MC Zone (referred to as MC 1), and discovered additional parallel deeper zones (MC 2, MC 3), as follows:
| Drill Hole | Target Vein | From | To | Interval | Cu % | Au g/t | Ag g/t | Fe % |
| MC-06-01 | MC 1 Zone |
31.1 |
35.1 |
7.0 m. |
0.058 |
0.081 |
0.669 |
5.27 |
| (-60O under | including: |
31.1 |
31.7 |
0.6 m. |
0.152 |
0.045 |
2.000 |
4.58 |
| MC showing) | and: |
33.2 |
35.1 |
1.8 m. |
0.068 |
0.156 |
0.700 |
5.96 |
MC 2 Zone: |
62.5 |
79.1 |
16.6 m. |
0.164 |
0.194 |
2.051 |
7.92 | |
including: |
62.5 |
66.9 |
4.4 m. |
0.132 |
0.096 |
1.652 |
7.96 | |
and: |
70.6 |
71.2 |
0.6 m. |
1.380 |
1.193 |
15.30 |
6.79 | |
and: |
73.5 |
79.1 |
5.6 m. |
0.205 |
0.266 |
2.749 |
7.11 | |
MC 3 Zone |
96.2 |
97.3 |
1.1 m. |
0.037 |
0.797 |
0.900 |
7.80 | |
| MC-06-02 | MC 1 Zone |
32.5 |
32.8 |
0.3 m. |
1.009 |
0.692 |
24.00 |
16.2 |
| (-85.5O under | MC 2 Zone? |
no |
signif | icant | intercept | |||
| MC-06-01) | MC 3 Zone? |
94.4 |
94.7 |
0.3 m. |
0.638 |
0.582 |
4.000 |
12.3 |
| MC-06-03 | MC 1 Zone |
35.7 |
36.0 |
0.3 m. |
0.067 |
0.042 |
0.500 |
4.61 |
| (-60O 50 m. | MC 2 Zone |
69.5 |
79.4 |
9.9 m. |
0.092 |
0.075 |
1.082 |
6.35 |
| NNE of | including: |
69.5 |
74.5 |
5.0 m. |
0.161 |
0.123 |
1.961 |
8.04 |
| Mc-06-01, -02) | including: |
70.9 |
72.6 |
1.7 m. |
0.306 |
0.218 |
4.000 |
8.51 |
and including: |
78.5 |
79.4 |
0.9 m. |
0.073 |
0.098 |
0.800 |
7.33 | |
MC 3 Zone |
109.3 |
111.1 |
1.8 m. |
0.058 |
0.132 |
1.000 |
5.03 |