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International Samuel has acquired a 50% interest in 80915.27 hectares strategically located around the VMS Ventures Inc. base metal discovery in the historic and prolific Flin Flon mining camp. Over the past 75 years, 27 significant mineral deposits have been continuously discovered in the area, the most recent of which is the HudBay Lalor Lake property with 20 million tonnes of 8.8 % zinc.
VMS Ventures recently announced a drill intersection with intercepts including 18.99 metres (62.3 feet) of 7.10 % copper and 0.17 % zinc. The International Samuel property is contiguous to the north, west, and south of the property hosting this discovery.
In April 2008, the Company completed a 3,300 line kilometre VTEM (Geotech) airborne electromagnetic survey. The VTEM survey system has proved to be one of the industry's best airborne, deep-penetrating electromagnetic systems. The survey will be used to search for basement conductors and resistivity lows that reflect volcanic massive sulphide mineralization.
Using a deep-penetrating electromagnetic geophysical system will enable International Samuel to pursue deep base metal targets with a great deal of confidence. |