Multiple Copper-Gold-Silver Skarn Zones Discovered at Adelita Project, Mexico
(via Thenewswire.ca)
September 20, 2012 - Vancouver, B.C. Ocean Park Ventures Corp. ("Ocean Park" or the "Company") (TSX-V: OCP) is pleased to announce positive new results from two new skarn discoveries at the Adelita copper - gold - silver project, Mexico. These include:
-The Andalucia skarn zone has returned surface samples grading up to 4.19% copper, 9.22 g/t gold and 162 g/t silver, defining a drill-ready copper-gold-silver target.
-The West Cerro Grande skarn zone has returned surface samples grading up to 2.23% copper, 0.62 g/t gold and 209 g/t silver. Additional surface work is required in advance of drilling.
-Geophysical results from the discovery area suggest a possible prospective strike of the Cerro Grande mineralized skarn trend in excess of 2.5 kilometres.
The two new copper-gold-silver mineralized skarns are shown on the map below, along with highlighted surface samples from all areas. Five areas containing copper-gold-silver mineralized skarn have now been identified across the Adelita property. These are:
-Cerro Grande, where drill hole CGDD-12-009 returned 105.2 metres of 1.03% copper, 0.43 g/t gold and 36.3 g/t silver from a copper-gold-silver mineralized skarn with 800 metres of mapped surface strike and drill results indicating at least 300 metres of vertical depth extent of mineralization (see Ocean Park news releases of May 3rd and May 30th, 2012).
-Andalucia, located 2.5 kilometres to the south of Ocean Park's drilling at Cerro Grande. The zone occurs within the same mineralized structural trend and consists of similar style copper-gold-silver mineralization. The zone has thus far been exposed in a series of trenches across 70 metres of strike and remains open to extension in all directions.
-West Cerro Grande, which hosts a number of new skarn showings, located 200 - 700 metres west of the main Cerro Grande discovery. Surface mineralization has been identified across more than a kilometre of strike. Copper-gold-silver mineralization is associated with high angle structures.
-Las Plomosa, north of the Mezquital porphyry target, where copper-gold-silver mineralized skarn samples have been historically collected across a four square kilometre area.
-Las Trancas, to the south of the Mezquital porphyry target where results include an 89 sample soil survey completed by Minaurum Gold Corp. (TSX-V: MGG) in 2010 that identified a two square kilometre extension of the copper, gold, silver and molybdenum-in-soil anomaly that has been drilled by Ocean Park at the Mezquital porphyry target.
Further trenching and diamond drilling will be required to define the zone geometry and strike extent of mineralization at Andalucia. The West Cerro Grande, Las Plomosa and Las Trancas targets are all early stage and will require follow up work including mapping and trenching to define the sampled skarn occurrences.
Figure 1: Map of Expanded claim boundaries of Adelita property and location of new copper-gold-silver occurrences. Assay results summarized by location.
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Ocean Park can earn up to a 75% interest in the Adelita project through its joint venture with Minaurum Gold Inc. (TSX-V: MGG).
Mr. Chris Taylor, M.Sc. P.Geo, is Vice President Exploration with Ocean Park and is the Qualified Person as defined by National Instrument 43-101, who supervised the preparation of the above information. Information related to past drilling and highlighted mineral properties was taken from previous public disclosures issued by the companies listed above.
For further information please contact Mr. Paul Matysek, M.Sc. P.Geo, Acting President and Chairman, Mr. Chris Taylor, M.Sc. P.Geo, Vice President Exploration or Mr. Robert Orr, Investor Relations at 604-681-0084.
OCEAN PARK VENTURES CORP.
On behalf of the Board
"Paul Matysek"
Paul Matysek, Acting President and Chairman
About Ocean Park Ventures
Ocean Park is a well-funded Canadian mineral exploration company working in three leading jurisdictions, with active exploration including diamond drilling underway on 3 properties. A 75% interest can be earned through its joint venture in the Adelita Copper-Gold-Silver project, Sonora, Mexico, where a 15+ square kilometer porphyry system that is currently being drill tested is flanked by a copper-gold-silver mineralized skarn. Ocean Park can earn a 70% interest through its joint venture in the Trapper Gold project, northern British Columbia, where Ocean Park has identified a gold-copper porphyry complex with a surface signature of over 15 square kilometres and visible gold in drill core. The Company can earn up to a 100% interest in the Metla property, located 5 kilometres south of Trapper, through its earn-in agreement. The Company can also earn up to a 70% interest through its joint venture in the Chisna Gold project, south-central Alaska, where a 12+ kilometre gold-in-bedrock and soils target has been identified returning results as high as 260 g/t gold, the Golden Range.
Neither 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.
This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
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