Macktush Property Prospecting Results and Drilling Update
July 17, 2006 - SYMC Resources Limited ("SYMC" or the “Company”) (TSX-V: SY) is pleased to announce initial results from its 2006 work program consisting of prospecting of airborne geophysical targets, and diamond drilling programs of previously known targets on its wholly owned Macktush Property near Port Alberni, B.C.
Rex
Ten bedrock grab samples from sulphide-mineralized outcrops, logging road cuts and/or trenches exposed over an area of 3 kilometres by 2 kilometres yielded elevated metal values up to 124 ppb gold, 7.5 ppm silver, 136 ppm arsenic, 1.793% copper and 107 ppm molybdenum. These initial geochemistry results were received by SYMC from Acme Analytical Laboratories (“Acme”) for 46 bedrock grab samples, plus additional soil and stream sediment moss mat samples taken from the area of the Rex airborne electromagnetic anomaly cluster by SYMC’s prospecting crews during the month of June, 2006. The remaining 36 bedrock samples and the soil and moss mat samples yielded variably lower metal values. The elevated values in these elements exposed over such a large area may represent the geochemical fingerprint of porphyry and/or high sulphidation gold-silver-copper-molybdenum mineralization present in the area of the Rex Cluster.
Additional work consisting of detailed mapping, bedrock chip sampling, geochemical and geophysical modeling, and possibly drilling is planned by SYMC in its 2006 Phase 2 exploration program on the Rex target.
Moly Vein
Trench chip sampling of the Moly Vein by Jacques Houle, P.Eng. in May, 2006 yielded 4.27 g/t gold, 1.5 ppm silver, 142 ppm copper and 64 ppm molybdenum over 0.3 metres thickness. These geochemistry results were received by SYMC from Acme for surface trench chip samples and diamond drill core samples from the Moly Vein quartz-sulphide vein target, located 200 metres west of and parallel to the Fred Vein target. Two drill holes completed in June, 2006 successfully intersected the Moly Vein, consisting of MM-06-01 and MM-06-02 both collared at -45 degrees and located 75 metres northeast of and directly beneath the Moly Vein trench, respectively. MM-06-01 intersected the Moly Vein 57 metres down-hole, yielding 0.60 g/t gold and 57 ppm molybdenum over 0.5 meters. MM-06-02 intersected the Moly Vein 50 metres down-hole, yielding 34.9 ppb gold and 11 ppm molybdenum over 1.1 meters. No further drilling is warranted or planned on the Moly Vein target.
Macktush & West Clusters
Initial prospecting has been largely completed on two other electromagnetic anomaly clusters on the Macktush property, namely the Macktush and West Clusters. Five bedrock grab samples, plus soil samples from the Macktush area yielded low metal values from initial geochemistry results, with those from the West Cluster still pending from Acme. SYMC prospecting crews have commenced work on the fourth of five electromagnetic anomaly clusters.
Jack and Zinc Veins
Chip sampling of weathered trenches by Jacques Houle, P.Eng. in May, 2006 yielded 1.82 g/t gold, 0.6 ppm silver, 96 ppm copper and 23 ppm molybdenum over 0.5 metres thickness from the Jack Vein; and 1.54 g/t gold, 0.3 ppm silver, 106 ppm copper and 236 ppm zinc over 0.75 metres thickness from the Zinc Vein. These geochemistry results were received by SYMC from Acme for surface trench chip samples from the parallel Jack and Zinc Vein quartz-sulphide vein targets, located 200 metres south of the Moly Vein, and southeast of and along strike of the Fred Vein. SYMC’s drilling crews have completed two of six planned holes designed to test the Jack and Zinc Vein quartz-sulphide vein targets. Both holes successfully intersected their respective targets, with geochemistry results pending.
All of SYMC’s work programs are supervised by Jacques Houle, P.Eng., who is a qualified person under National Instrument 43-101 for the purposes of this news release.
About SYMC
SYMC is an active gold exploration company which owns three mineral properties in B.C. and is currently exploring them for gold, silver, copper and molybdenum. The Macktush Property has NI 43-101 compliant indicated mineral resources which the company is working to expand.
Signed ________________
Herbert McMaster
President
For further information contact:
Herbert McMaster, President
Tel: (604) 723-7027
or
Mark T. Brown, CFO
Tel: (604) 687-3520
