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2010International Samuel Acquires Copper-Gold Property in North Central ManitobaApril 6th , 2010: Vancouver BC: International Samuel Exploration Corp. (ISS: TSX-V) ("Company") is pleased to report that it has entered into an option agreement to acquire a 100% interest in the Rasp Copper-Gold Property from W. S. Ferreira Ltd. The Rasp Property contains a strong electromagnetic conductor with a gravity anomaly and a flanking magnetic anomaly. The strong electromagnetic conductor has a strike length of 600 metres. Only one previous drill hole was drilled at this conductor; diamond drill hole RA202-01 by Cominco Ltd. in 2001. This drill hole may not have intersected the conductor itself; instead the drill hole probably encountered stringer mineralization near the main conductor. Significant mineralization encountered in diamond drill hole RA202-01 is listed below:
International Samuel plans to target a diamond drill hole into the projected central part of the electromagnetic conductor. The stringer mineralization listed above suggests that this is a mineralized conductor and the gravity anomaly and electromagnetic conductor strength suggests that this conductor may increase significantly in width. A 600 metre strike length could be the signature of a large deposit. The property is under a 5 year option, with first year expenditures of $10,000.00 to the vendor, a $100,000 work commitment and 50,000 shares subject to TSX approval. Total expenditures over 5 years are $100,000 and 800,000 shares to the vendor and a total work commitment of $1,000,000. The Rasp property is located 100 kilometres north of Thompson, Manitoba. Of the 37 Copper-Zinc deposits that have been mined in the Flin Flon-Snow Lake area, most of the mines had an EM conductor that was less than 1,000 metres, The Trout Lake Mine was discovered by drilling a short strike length EM conductor and from historical production contained 20 million tonnes of 1.83% Copper, 5.59% Zinc, and 1.73 g/t Gold.. The Rasp Property is located 110 kilometres east of the large Ruttan Copper-Zinc deposit which historically had production of 55 million tonnes of 1.23% Copper and 1.41% Zinc. About International Samuel Exploration International Samuel is a Canadian exploration company involved in the exploration for base and precious metals in Manitoba. All the technical information for this release has been reviewed by Bill Ferreira, P.Geo, a qualified person. We seek safe harbour. ON BEHALF OF THE BOARD OF DIRECTORS For further information, please contact:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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