Resolve Ventures announces exploration program on Gravity Jack property
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VANCOUVER, BC / ACCESSWIRE / October 8, 2021 / Resolve Ventures Inc. (“Resolve” or the “Company”) (TSXV: RSV) is pleased to announce the start of Phase 1 of the 2021 exploration programs on the Company’s Gravity Jack property located in the New Westminster mining division, near Boston Bar, British Columbia, Canada.
Historical exploration of historic copper and magnetite skarns returned evidence values of 2% copper and 61% iron over 12.9 meters. These skarns have undergone minimal exploration using modern exploration methods and the Company considers them to be high priority targets.
The three-part work program for Phase 1 will focus on the skarns, as well as the rest of the 10-square-kilometer property and will consist of:
- High resolution magnetic helicopter (“MAG”) survey flown over the entire property
- Geochemical sampling of stream sediments over the entire property
- Reconnaissance level prospecting and mapping, focusing on MAG survey anomalies.
The MAG survey was contracted out to Ridgeline Exploration Services Inc. (“Ridgeline”) based in Kelowna, British Columbia. The survey is expected to consist of 1428 linear km spaced 150 meters apart in the NE direction, with connection lines 1,500 meters in the NW direction. The instrumentation will be a GEM Systems GSMP-35A magnetometer (B). Ridgeline is a wholly owned subsidiary of Goldspot Discoveries Corp. The Phase I program is managed by contract geoscientist Raymond Wladichuk, P.Geo. (waldosciences.com).
Clive Massey, CEO and President of Resolve Ventures, commented, “We are extremely pleased to begin exploration on the Gravity Jack property with aerial and ground surveys. Recent exploration has focused on magnetite-copper skarns where history shows values of 2% copper and 61% iron. over 12.9 meters, as well as local silver highlight values of 68.57 g / t were obtained from massive magnetite, pyrite, pyrrhotite, chalcopyrite and hematite. is designed to trace the copper to magnetite skarn mineralization along the direction and looking for repeats. “
About the Gravity Jack property
The Gravity Jack property is located in the New Westminster mining division and is approximately 13 km northeast of Boston Bar, British Columbia, Canada. The area of the property is 10,050 hectares (Ha). The property shows promise for scandium, copper, gold, silver and tungsten. Historically, little work has been done on the property except for the high grade skarn occurrences reported in the 1960s.
About the company
Resolve is a Vancouver-based, publicly traded exploration company that trades on the TSX Venture Exchange. The Company is led by a highly qualified management and technical team with many previous successes in the junior mining sector.
For more information about the Company, visit www.resolveventures.com or call (604) 644-6794.
Mr. R. Tim Henneberry, P.Geo., A member of the company’s advisory board and registered in the provinces of British Columbia is the “Qualified Person” under National Instrument 43-101 Disclosure Standards for Mining Projects (“Regulation 43-101”) and is responsible for the technical content of this press release and has approved the release of the technical information contained therein.
ON BEHALF OF THE BOARD OF DIRECTORS
Clive H. Massey
President and CEO
For more information, please contact:
Telephone: (604) 644-6794
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.
Certain statements included in this press release are forward-looking statements. These statements reflect the current estimates, beliefs, intentions and expectations of management and are based on assumptions; they are not guarantees of future performance. The forward-looking statements contained in this press release include statements that reflect the Company’s expectation that it will take the necessary steps to earn the option on the Gravity Jack property. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of important factors, many of which are beyond the control of the Company. These factors include, among others: risks and uncertainties relating to the Company’s ability to obtain the Option, including the Company’s ability to raise capital in order to incur exploration expenses; and other risks and uncertainties, including those described in documents filed by the Company on SEDAR.com. Therefore, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Unless required by applicable securities legislation, the Company assumes no obligation to publicly update or revise forward-looking information.
THE SOURCE: Resolve Ventures Inc.
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