Secova’s First Rushed Assays from Duvay/Chenier Confirms Near-Surface Gold Mineralization
Here are the first drill results from Secova Metals. These results only encompass the top 46.5 meters of the first drill hole out of a total of 3,207 meters drilled. Still a lot of news to come out but the Company seems encouraged by the near surface results. Also note that Secova is raising money to fund the Phase 2 program that is planned.
I will be chatting with Brad Kitchen, Chariman and CEO of Secova about these results later today. If you have any questions for Brad or I please comment or email at Fleck@kereport.com.
Click here to visit the Secova website.
VANCOUVER, BRITISH COLUMBIA – October 18, 2017 – Secova Metals Corp. (“Secova” or the “Company“) (TSXV: SEK, Frankfurt: N4UN, USA: SEKZF) is pleased to announce it has completed the Phase 1 drill program at the Duvay/Chenier gold project (the “Property”), located 15 kms northeast of Amos, Quebec.
“These initial results are extremely encouraging as they show the presence of near surface gold mineralization in a deformed white quartz vein system which was intersected in this initial drill program,” stated Brad Kitchen, Chairman & CEO of Secova. “This is merely the beginning as there are currently over 1,000 assay results in the lab which include similar structures and further mineralized zones that continue at depth. This initial drill program was intended to provide knowledge of the structure of the project, which has been accomplished, but even better, it has also returned significant gold results.”
The drill program comprised 20 drill holes totaling 3207 m, and tested three main target areas. These three target areas are: 1) the northeast shear zone/strong induced polarization (IP) chargeability target; 2) the Duvay Zone Principal, and 3) coincident magnetic/electromagnetic (EM) and structural targets 2 kms northwest of the Zone Principal, near Lake Obalski.
The first forty sample results have been returned from the laboratory. These samples cover only the top 46.5 meters of the first drill hole (DUV17-01) which were rushed for assay, but already reveal a new zone of significant gold mineralization. Drill hole DUV17-01 tested the strong chargeability anomaly identified from the IPower 3D survey and coincident with the northeast shear zone at Duvay. The sample results include 10.0 m of gold mineralization at 0.66 g/t Au from 18.0 m to 28.0 m depth, including an enriched interval of 2.55 g/t Au over 2.0 m from 21.0 to 23.0 m (Table 1). This mineralized interval includes a 5.4 m deformed white quartz vein, with zones of substantial sulfide mineralization and black schist. The true thickness of this zone is not yet known.
Table 1: Gold bearing interval from the first forty samples sent to the lab. Note that the received sample results extend from 3.0 to 46.5 m depth in drill hole DUV17-01. The remaining core from DUV17-01 extending to the end of hole at 201 m is at the lab.
More than 1,000 additional samples have been delivered to the lab, covering the remainder of the first drill hole (DUV17-01), and two other drill …read more
Source:: The Korelin Economics Report