Smash Minerals-2011 Drill Program Completed On Whiskey Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/03/11 -- Smash Minerals Corp.(the 'Company' or 'Smash') (TSX VENTURE: SSH) is pleased to advise that a core drill program has been completed on its 100 percent owned Whiskey Gold Property (the 'Property'), located in the White Gold District of west-central Yukon Territory, Canada. The property occupies 4,177 claims covering an area of 846 square kilometres covering the placer gold-rich Black Hills and Barker creeks.
Drilling Update
Eight drill holes for 1,665 metres of drilling were completed in the northeast sector of the property and tested four targets, Bowmore, Bushmills, Glen Breton, and Ben Nevis. The objective of the originally proposed 3,000 metre program was to test at least three targets. A late start to the program and slow drilling in heavily altered and broken rock resulted in less total metres being drilled. Four targets were tested instead of three. An updated map showing the drill hole locations is available on the Smash website at http://www.smashminerals.com/the-project/project-maps/
All drill holes are being sampled continuously from top to bottom. Each sample represents a 2-meter interval of halved NTW-sized (56 millimetre diameter) drill core except where major changes in lithology, alteration, or sulphide mineralization dictate shorter intervals. Lithogeochemical and petrographic samples of representative alteration styles and lithologies are also being collected. Assay results are pending for all drilling.
Sampling Update
Recent results from the ongoing field program returned values from detection limit to 6.44 and 1.82 g/t Au in rock grab samples at the newly defined Stranahan's showing. Stranahan's is a Northwest trending structural corridor corresponding to a magnetic low and characterized by strongly brecciation of sericite and silica altered felsic orthogneiss associated with quartz veins and quartz stockwork. The Stranahan's showing is located in a similar structural setting as the Glen Breton and Bushmills drill targets and exhibits similar alteration zonation.
New assay results from 2-meter channel rock samples collected from recent trenching in the Bushmills zone yielded results from below the detection limit to up to 1.99 g/t Au and included 1.54 g/t Au with another zone averaging 0.46 g/t Au and 9.00 g/t Ag over 4.0 metres. Rock grab samples from the area surrounding these new trenches ranged from below the detection limit to highs of 0.34 g/t Au and included 1.22 g/t Au. Three core drill holes targeted this anomalous gold zone seen in the trenches. A fourth core drill hole targeted a projection of this trend to the south at a favourable contact zone between felsic orthogneiss and metasediments.
Additional rock grab samples from just west of the Ben Nevis zone returned assay values ranging from the detection limit to a high of 2.85 g/t Au, including 1.97 and 1.55 g/t Au in quartz veins carrying pyrite and galena similar to the showing at the Ben Nevis zone. The Highland Park zone and the CC zone remain untested and are considered priority drill targets for the 2012 season.
Soil sampling and prospecting are ongoing at lower elevations, and will continue as long as weather allows, probably into late October. Smash expects to collect 4,000 additional soil samples before the end of the season. A total of 17,012 soil samples have been collected to date in 2011. Since the last public reporting, on August 24, 2011, an additional 4,677 assays have been received from soil, rock grab, and channel samples. Year to date, a total of 15,856 assays have been received.
The exploration program is being directed by Adrian Fleming, CEO and Director of Smash. A comprehensive QA/QC program is in place to monitor precision and accuracy of the assay results. All soil and rock samples are submitted with certified reference materials. Soil sample duplicates are routinely collected, and pulp duplicates are obtained for both soil and rock samples. Soil samples are analyzed by Acme Analytical Laboratories Ltd. using an aqua regia digestion and a 15 gram charge for ridge and spur samples and a 30 gram charge for grid samples. Drill core and grab rock samples are analyzed by SGS Minerals Services. Gold analyses are by fire assay using a 50 gram charge and an atomic absorption spectrometry finish. Gold assays greater than 3 grams per tonne are routinely re-assayed using a gravimetric finish to confirm initial atomic absorption results. Both Acme and SGS laboratories are ISO 9001 accredited.
Phil Smerchanski, P.Geo., Principal Consultant, Revelation Geoscience Ltd. is a Qualified Person and has reviewed the technical content of this press release.
Additional information and maps displaying Smash Minerals' results to date and the identified drill targets can be viewed on the company website at www.smashminerals.com.
ON BEHALF OF THE BOARD
Adrian W. Fleming, CEO and Director
This press release includes 'forward-looking statements' including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Smash Minerals Corp. Statements regarding mineral exploration operations and objectives are subject to risk, including, but are not limited to, exploration and geologic risk, inflation and costs of goods and services, property title issues and regulatory approvals. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Smash Minerals Corp. does not assume the obligation to update any forward-looking statement, except as required by applicable law.
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 news release.
Contacts:
Smash Minerals Corp.
Dwane Brosseau
Investor Relations
604-662-3380 or Toll Free: 1-855-237-6274
info@smashminerals.com
www.smashminerals.com
