Sphinx Resources and SOQUEM: Zinc Mineralization in the 29 Holes Drilled During the 2019 Winter on the Calumet-Sud Project
MONTRÉAL, May 13 2019 - Sphinx Resources Ltd. ("Sphinx" or the "Corporation") (TSX-V: SFX) and SOQUEM Inc., a subsidiary of Ressources Québec, are pleased to announce the analytical results of the remaining nine (9) drill holes, from a 29 holes campaign drilled during the 2019 winter along the 1,500 m-long zinciferous zone (see press releases of 15 November 2019, 27 February 2019, 14 March 2019 and April 18, 2019). Hole CS-19-26 intersected 4.9% zinc over 2.0 m and 8.5% zinc over 1 metre. The significant drill results for these nine (9) holes disclosed in this release are presented in Table 1 and Figure 1. They indicate the presence of zinc mineralization in all 29 drill holes completed during the 2019 winter. The true thickness is estimated at 100% of the mineralized intersection length in all drill holes.
Table 1 - Analytical results from nine drill holes.
Composites weighted by sample length.
| Hole number | From (m) | To (m) | Mineralized Intersection (m) | % Zinc |
| CS-19-05 | 5 | 6 | 1.0 | 2.63 |
| 66 | 68 | 2.0 | 2.06 | |
| CS-19-09 | 46 | 49 | 3.0 | 2.29 |
| CS-19-14 | 82 | 85 | 3.0 | 2.21 |
| 97 | 99 | 2.0 | 0.96 | |
| 121 | 128 | 7.0 | 0.97 | |
| CS-19-15 | 107 | 111 | 4.0 | 0.86 |
| CS-19-17 | 33 | 34 | 1.0 | 1.31 |
| 73 | 79 | 6.0 | 1.36 | |
| CS-19-24 | 84 | 87 | 3.0 | 2.10 |
| CS-19-26 | 70 | 72 | 2.0 | 4.87 |
| inc. | 70 | 71 | 1.0 | 8.49 |
| 77 | 79 | 2.0 | 1.71 | |
| 82 | 84 | 2.0 | 0.78 | |
| CS-19-27 | 107 | 108 | 1.0 | 1.68 |
| CS-19-28 | 77 | 79 | 2.0 | 1.72 |
The management committee, composed of SOQUEM members and the Corporation, will meet shortly to review the 2019 results and conduct a field visit to plan and approve the next Calumet-Sud exploration program.
Analytical protocol
Samples were analyzed by ALS in Val-d'Or, Quebec. The analytical process consisted of crushing, splitting and assaying using sodium peroxide fusion with an Inductively Coupled Plasma Atomic Emission Spectrometry (ICP-AES) finish. Sphinx applies industry-standard QA/QC procedures to the program.
Supervision and Qualified Persons
The January 2019 drilling campaign was carried out under the supervision of Mr. Jeremie Ryan and under the direction of Mr. Michel Gauthier, Ph.D. (géo, and Board member of the Corporation) and Qualified Person under National Instrument 43-101. This press release was prepared by Normand Champigny, (Eng., director and Qualified Person of the Corporation).
About SOQUEM
SOQUEM, a subsidiary of Ressources QueÌbec, has a mission to encourage the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec's mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well positioned for the future.
About Sphinx
Sphinx is a mineral exploration company that focuses its activities in southwestern Quebec in search of deposits of base metals (zinc, copper, lead) and precious metals (palladium, platinum, gold and silver). Sphinx is particularly active in the MRC Pontiac where its President and Chief Executive Officer resides. It has a strong local shareholding that contributes towards social acceptability.
For further information, please consult Sphinx's website or contact:
Jeremie Ryan
President and Chief Executive Officer
819.664.2632
info@sphinxresources.ca
www.sphinxresources.ca
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 press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Sphinx's periodic reports including the annual report or in the filings made by Sphinx from time to time with securities regulatory authorities.
All forward-looking statements in this press release are made as of the date of this press release. Sphinx does not undertake to update any such forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Sphinx Resources Ltd.
