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post #21 of 47
FYI, News Article about the mine etc.


http://www.kelownadailycourier.ca/st...2a6d92c99200a3
post #22 of 47

Copper Mtn Drills 1.99 % Cu Next To Supreme's TAS Properies

"The price is right & The timing is good."


The market is waiting for Supreme Resources' (SPR.V) drill assays to be released. (Copper, Silver & Gold)

Copper Mountain's drilling was conducted in the Pit #3 and the Oriole & Rifle areas, which are less than 1Km from Supreme's TAS properties where 4 drill holes where completed in the summer/fall 2010.

I have enclosed Dec 13, 2010 news on the drill core assays from Copper Mountain Mining Corp. (CUM.T) summer drill program.

Should Supreme's assay results be similar or better than Copper Mtn Mining Corp's, I would expect a positive response from the market and an appreciation in the share price of SPR.V.

__________________________________________________ _______________

Copper Mountain drills 1.99% Cu over 13.6 m

2010-12-13 08:50 ET - News Release

Mr. Peter Holbek reports

COPPER MOUNTAIN MINING CORPORATION - DRILLING IN ORIOLE ZONE CONFIRMS HIGHER GRADE MILL FEED

Copper Mountain Mining Corp. has released assay results from 20 diamond drill holes completed in the Oriole and Rifle areas of the Copper Mountain project, where a major drill program continues. Two deep holes have been completed below the Pit 3 area and have been logged, split and the core has been sent out for assay. Additionally, a number of deep, angle holes have been recently drilled around and below the planned superpit targeting geophysical anomalies and possible extensions to mineralization. Assays for the deep holes are pending.

Oriole area

The drill program in the Oriole area provides results required to complete a detailed mine plan which allows for additional near-surface extraction of higher grade material in the early years of production. A total of 2,200 metres of drilling was completed in 16, shallow drill holes, which were primarily infill holes on the margins of the proposed pit area. The drilling provided more definitive geological and grade information and, together with the shallow percussion drilling, completed in October, will result in improved reserve modelling. All of the holes from the current program are inclined at minus-45 degrees and drilled on east-west sections across the vertically oriented mineralization. All but one of the holes returned above-cut-off-grade mineralized intersections.


Hole ID From To Interval Cu Ag Au
(m) (m) (m) (%) (g/t) (g/t)

CM10O-21 26.0 53.0 27 0.33 2.06 0.09
CM10O-21 68.8 92.5 23.7 0.57 1.62 0.07
CM10O-23 48.1 100.5 52.4 0.38 2.53 0.08
CM10O-26 74.5 102.1 27.6 0.58 3.81 0.07
CM10O-28 74.7 117 42.3 0.44 2.20 0.03
CM10O-29 60.0 88.8 28.8 0.48 2.10 0.04
CM10O-29 137.1 144.6 7.5 1.69 7.72 0.08
CM10O-30 58.4 72.0 13.6 1.99 13.67 0.14
CM10O-32 32.6 60.0 27.4 0.66 6.41 0.04
CM10O-35 24.0 87.0 63.0 0.28 1.78 0.03

Rifle area

An additional four holes were drilled on the margin of a geophysical chargeability anomaly in an area approximately one kilometre south of the Oriole deposit. This area was originally proposed for waste rock storage. Past exploration had defined a low level soil geochemical anomaly in the area and a number of near-surface intersections had been obtained in past drilling. The four new holes that form two east-west sections were drilled to determine the orientation and geological characteristics of the mineralization. Not all assays have been received but results thus far confirm the presence of mineralization. Additional follow-up work is being planned prior to using this area for waste rock storage.


Hole ID From To Interval Cu Ag Au
(m) (m) (m) (%) (g/t) (g/t)

CM10R-01 68.9 84.9 24.0 0.35 1.49 0.03
CM10R-02 NSR
CM10R-03 83.2 101.2 18.0 0.39 1.15 0.02
CM10R-03 147.0 159.0 15.0 0.27 1.20 0.03
CM10R-04 Assays pending

The mineralized system at Copper Mountain is classified as a bulk-tonnage, alkalic porphyry copper deposit that is hosted within Nicola Group volcanic rocks. Mineralization is structurally controlled and focused at multidirectional vein intersections and within vein stockwork systems. Drill holes are usually drilled at angles of minus-45 or minus-55 degrees to provide the best indication of the lateral extents of vertically oriented mineralization.

http://www.supremeresourcesltd.com/
post #23 of 47

SPR.V - Cu Mtn Area - Broker Analysts Quotes

Seems the broker analysts like CUM.T & the Cu Mtn area, SPR.V

With SPR's TAS properties being so close to the Oriole & Rifle areas that were drilled by CUM.T, one could expect similar results from SPR.V

http://www.theaureport.com/pub/co/701
Canaccord Genuity, Morning Coffee (12/14/10)"Are you the King of the Mountain? Copper Mountain rallied on: 1.) Drill results; 2.) Inclusion in the S&P/TSX indices; and 3.) Strengthening copper prices. The company released assay results from 20 drill holes completed at Oriole (starter pit) and Rifle (potential waste-rock storage) areas at its Copper Mountain project (75% interest) in southern BC. Results included infill drilling at Oriole, with the highlight hole intersecting 27.6m at 0.58% Cu, 13.6m at 1.99% Cu and 27.4m at 0.66% Cu. The company also notes that four holes were drilled at the Rifle Area. The area was originally proposed for waste-rock storage; however, results thus far (including: 24m at 0.35% Cu), confirm the presence of mineralization.

Follow-up work is being planned prior to using this area for waste-rock storage. Additionally, two deep holes have been completed below the Pit 3 area and have been logged, split and the core has been sent out for assay. Results are pending. Construction at the project remains on schedule for initial production in June 2011, in-line with overall expectations. Canaccord Genuity sees the mine producing at an initial annual rate of 96 Mlb. Cu (100% basis) at C1 cash costs of ~US .93/lb. Cu by 2012. On top of the drill results, shares were also propped up by release of Standard & Poor's Canadian Index Operations quarterly index changes. Copper Mountain will be added to the S&P/TSX Composite, S&P/TSX Global Mining and S&P/TSX Global Base Metals Indices as of market open on Monday, December 20, 2010."


John Hayes, BMO Capital Markets (12/13/10)

"The company released results from infill and exploration drilling at the Copper Mountain Project (CUM 75% interest) located in southern British Columbia. Results from 10 intercepts in 8 holes from infill drilling at the Oriole zone returned a weighted average grade of 0.53% copper over an average intercept of 22.7m. The company is considering early stage mining of the Oriole area, some of which is already in the current reserves. At the Rifle area located ~1 km. south of Oriole, three intercepts in two holes returned a weighted average grade of 0.34% copper over an average intercept of 19.3m. The results confirm the presence of mineralization in an area originally planned for waste storage. More exploration is planned. Assays from two deep holes beneath the Pit 3 area and a number of deep holes in the super-pit area are pending assays. BMO Research continues to expect there is good potential for deep-seated mineralization at the project."
post #24 of 47
I've been in and out of this, just didn't like the trading. Now, I'm thinking it's one of those, you just have to hold and wait it out and it could pay off big time.

Hope to enter in a position again. I always liked the prospects, and with decent intercepts, it could be a flyer.
post #25 of 47
SPR.V News out today about SEC & OTC listing and assays.

http://ca.finance.yahoo.com/news/Sup....html?x=0&.v=1
post #26 of 47

SPR.V News Release

NEWS RELEASE


December 20, 2010
SPR – TSX.V


Supreme Resources to Join OTC Markets 2011
Provides Company Update


SUPREME RESOURCES LTD. (the “Company”) wishes to announce that applications have been submitted to the Securities Exchange Commission (SEC) to be quoted & reporting on the OTC Securities Market of the USA.

OTC Markets Inc., operates the world's largest electronic interdealer quotation system for broker-dealers to trade unlisted securities. It is organized into three tiers based on the level of disclosure: OTCQX, OTCQB and Pink Sheets.

When completed, USA & International investors will be able to find news, current financial disclosure and Real-Time Level 2 quotes for Supreme Resources Ltd. on www.otcmarkets.com

The OTC Markets Inc. located in New York, NY USA operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange.

The company believes that the superior information and visibility of the OTC marketplace will allow the company to efficiently build investor confidence and expand Supreme’s shareholder base.

The company expects to be quoted on the OTC Markets in early 2011.

Assays from the TAS & Verde Projects

Further to the company’s news release dated Nov 8, 2010, announcing the completion of the drilling programs on the TAS & Verde Projects, located in the Copper Mountain Mining Camp, Princeton, BC., all cores from the diamond drilling program have been submitted to Eco Tech Laboratory Ltd. of Kamloops, B.C., an accredited laboratory and subsidiary of Alex Stewart Group Ltd. for analysis and the results are pending.

The TAS properties are located next to, and adjoining the Copper Mountain Mining Corporation’s property on its southeastern boundary of Copper Mountain’s Oriole and Rifle areas particularly TAS North.

The Verde Project is located 4 kms northeast of Copper Mountain Mining Corporation’s Copper Mountain mine.

The company wishes to express particular and notable interest in the recent core assays released by Copper Mountain Mining Corporation (CUM.T) on their 20 diamond drill holes completed in the Oriole and Rifle areas of the Copper Mountain project. As disclosed on Stockwatch December, 13, 2010 “Copper Mountain drills 1.99% Cu over 13.6 m”

http://www.stockwatch.com/News/Item....l=CUM&region=C

Allan Levien, CEO states “that considering proximity and location of Supreme’s TAS& Verde properties to the Oriole & Rifle areas of Copper Mountain Mining Corp., we are all looking forward to receiving the results from the 12 diamond drill holes completed on the company’s properties”.

The company expects all assay results from the TAS & Verde properties to be available and released in early 2011.

Further news will be forthcoming in the near future.

ON BEHALF OF THE BOARD

“Allan Levien”

____________________________
Allan Levien
President





About Supreme Resources Ltd.:

Supreme Resources Ltd. is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources’ goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries.

Website: www.supremeresourcesltd.com


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 release.

Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or the Company's future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein. This news release does not constitute an offer to sell, or a solicitation of an offer to buy any of the Company's securities set out herein in the United States, or to, or for the benefit or account of, a U.S. Person or person in the United States.
post #27 of 47
SPR.V traded up to 0.20
Assays still pending from 2 CUM.T area properties.
post #28 of 47
NEWS RELEASE

January 11, 2011


Supreme Resources Ltd. Lists on OTC Pink Sheets

SUPREME RESOURCES LTD. (the “Company”) (TSX.V-SPR.V) is pleased to announce that it is now fully listed on the OTC/Pink Sheets, it has received notification that its common stock is now eligible for trading on the Over-the-Counter Pink Sheets, an electronic quotation service maintained by the Financial Industry Regulatory Authority ("FINRA"), effective with the open of business on January 10, 2011.

The Board of Directors determined that it is beneficial to broaden Supreme’s marketplace, and to also report through the OTC/Pink Sheets. Reports of the company’s news, finances, successes, associations and other pertinent details will also be reported promptly on the OTC/Pink Sheets as well as the TSX Venture Exchange.

The Company's common stock will also be traded through the OTC Pink Sheets under the symbol "SPRWF" and on the TSX Venture Exchange under the symbol SPR.

The OTC Pink Sheet listing will provide all USA & International investors access to news, current financials and Real-Time Level 2 quotes for Supreme Resources Ltd. on www.otcmarkets.com

Further news will be forthcoming in the near future.

ON BEHALF OF THE BOARD

“Allan Levien”

____________________________
Allan Levien
President


About Supreme Resources Ltd:

Supreme Resources Ltd. (SPR - TSX.V) is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources’ goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries.

Website: www.supremeresourcesltd.com
post #29 of 47
post #30 of 47

Assays are still pending as of Jan 19 2011

FYI

If SPR.V / SPRWF releases results similar to CUM.T's production cutoff grades of 0.2-0.3 % copper, we could be in good shape.


Quote:
Originally Posted by djk View Post
SPR.V traded up to 0.20
Assays still pending from 2 CUM.T area properties.
post #31 of 47

Supreme 1.23 % Copper and 132 gm Silver

Drills Up to 1.23 % Copper, 132 Grams Silver on Verde At Copper Mountain
Jan. 26, 2011 (Market News Publishing) --

SUPREME RESOURCES LTD ("SPR-V;SPRWF-0") - Drills Up to 1.23 % Copper, 132 Grams Silver on Verde - At Copper Mountain

http://www.supremeresourcesltd.com
post #32 of 47

SPR.V 2nd Drill Results Coming

The 2nd property results out ~ 1-2 weeks.

SPR.V traded up to 0.19 with over 1.3M shares on thier last results on Jan 27.

SPR.V could pop again with the next results.

GLTA

djk
post #33 of 47

FYI,

 

http://www.vancouversun.com/business/Copper+miners+expect+benefit+from+robust+base+metal+demand/4222478/story.htm

 

TAS property assays to be released soon, TAS is 1500 meters from the open pits.

 

GLTA

 

djk

post #34 of 47

 

TAS Drilling Intersects Significant Copper Values at Copper Mountain

Intersections of significant grades of copper & silver mineralization

Coquitlam, BC Canada, February 8, 2011 - Supreme Resources Ltd. (SPR.V - SPRWF.OTC) is pleased to announce the results of the shallow, 200 metre, four hole drilling program conducted on the TAS Project at the Cliff and Road showings in the fall of 2010. The Cliff showing drilling intersected 19 metres grading 0.20% copper and the Road showing drilling intersected 14 metres grading 0.21% copper.  The TAS Project is located 17 kilometres south of Princeton BC., adjacent to the Copper Mountain Mining Corporation's claims on the east. (www.Cumtn.com)

Significant drill intersections have been returned from the TAS Project and the results confirm the presence of copper-silver mineralization within the Copper Mountain Main Trend. Supreme has identified a number of Titan 24 chargeability anomalies along this trend for future exploration.
(See news release "Excellent results from Titan 24" dated October 7, 2009)

Measured and indicated, and inferred resources at the Copper Mountain Mine reported by Copper Mountain Mining Corporation are as follows:

  • Measured and Indicated resources, based on a 0.15% Cu cut-off grade, are 518.6 million tons grading 0.31% Cu containing 3.2 billion pounds of copper.
  • Inferred resources at 0.15% Cu cut-off grade are 390.7 million tons grading 0.23% Cu containing 1.8 billion pounds of copper.

In 2010, Copper Mountain completed a shallow diamond drill program in the Oriole and Rifle areas of the Copper Mountain project.  Supreme's TAS Project is located 1500 metres south-east of the Oriole and Rifle areas.  The Rifle area is 1000 metres south of the Oriole deposit.  The shallow drilling at the Oriole zone has returned intercepts ranging from 7.5 to 63.0 metres grading 0.28% to 1.69% copper and 1.79 to 7.72 grams per tonne silver.  In the Rifle area, four holes were drilled on the margin of a geophysical chargeability anomaly and low level soil geochemical anomaly.  The shallow drilling at the Rifle area has returned intercepts ranging from 15.0 to 24.0 metres grading 0.27% to 0.35% copper and 1.20 to 1.49 grams per tonne silver.  Additional follow up work is being planned by Copper Mountain.

Supreme Resources is planning to expend $ 3 million over the next years for drilling on their consolidated land position at Copper Mountain. This exploration will focus on their 30,000 acres (121 sq km) of holdings that include the Verde and TAS Projects.

Cliff Showing

At the Cliff showing, chalcopyrite and malachite are exposed in a 12 metres long by 10 metres wide zone of propylitic and potassic altered monzonite of the Copper Mountain Intrusions. Five of six cuts of channel samples taken across the Cliff zone in August of 2010 gave significant copper and silver values, including 12 metres (Cut-1) grading 0.184% copper and 1.7 grams/tonne silver and 3 metres (Cut-3) grading 0.491% copper and 6.2 grams/tonne silver. The zone is open to the east, south and south-west.

Drill hole 21004 was a -60° hole drilled easterly across the Cliff zone and completed to a depth of 49.38 metres. The drill hole intersected 19 metres grading 0.195% copper and 2.7 grams/tonne silver, including 4 metres grading 0.30% copper and 2.6 grams/tonne silver and 3 metres grading 0.39% copper and 5.6 grams/tonne silver. Chalcopyrite mineralization occurs in strongly propylitic and potassic altered monzonite of the Copper Mountain Intrusions. The chalcopyrite occurs along fractures and as disseminations, and is variably associated with epidote and magnetite.  

Drill holes 21005 (-70°, EOH 50.60 metres) and 21006 (-55°, EOH 50.29 metres) were drilled across the Cliff zone in north-easterly and north-westerly directions respectively and did not intersect significant copper-silver mineralization.

2010 CLIFF AREA DRILLING RESULTS
Drill Hole
 
From m
To m
Interval m
Copper %
Silver GMT
21004
 
1.56
49.38 EOH
47.82
0.10
1.5
including
and
and
1.56
3.56
14.56
20.56
7.56
17.56
19.00
4.00
3.00
0.20
0.30
0.39
2.7
2.6
5.6
21005
 
3.05
50.60 EOH
47.55
0.01
0.4
21006
 
1.11
50.29 EOH
49.18
0.01
0.3

Road Showing

At the Road showing, traces of malachite occur along fractures in propylitic and potassic altered monzonite of the Copper Mountain Intrusions. Six channel samples taken across the Road showing in August of 2010 gave anomalous copper values grading from 0.038% to 0.068% copper.

Drill hole 21007 was a -55° hole drilled north-westerly across the Road zone and completed to a depth of 49.99 metres. The drill hole intersected 14 metres grading 0.21% copper and 2.1 grams/tonne silver, including 4 metres grading 0.319% copper and 2.4 grams/tonne silver. The copper values in drill hole 21007 were significantly higher than those from the surface sampling. As in drill hole 21004, the chalcopyrite mineralization occurs along fractures and as disseminations in propylitic and potassic altered monzonite of the Copper Mountain Intrusions, and is variably associated with epidote and magnetite. The zone is open in all directions.

All samples over 1000 ppm copper were analyzed for gold, platinum and palladium but returned no significant values.

2010 ROAD AREA DRILLING RESULTS
Drill Hole
 
From m
To m
Interval m
Copper %
Silver GMT
21007
 
0.91
49.99 EOH
49.08
0.08
0.7
Including
and
2.91
6.91
16.91
10.91
14.00
4.00
0.21
0.32
1.7
2.4

The Cliff and Road showings are underlain by a large body of strongly altered monzonite of the Copper Mountain Intrusions and occur in an area of anomalous copper soil geochemical values and a strong magnetic high response. It is not known at this time if the copper mineralization intersected in drill holes 21004 and 21007 are related. Two high priority Titan-24 chargeability anomalies are located 250 to 350 metres south of the Cliff and Road showings near the Copper Mountain Intrusion/Nicola volcanic contact. This contact is known to host copper mineralization at the Copper Mountain mine.

Supreme is encouraged by the significant copper mineralization intersected in drill holes 21004 and 21007 and is presently planning a spring drilling program to determine the extent of the copper mineralization intersected in the two drill holes. Supreme will also be testing a number of high priority Titan-24 chargeability anomalies during the spring drilling program.

Core is logged and split with a diamond saw at a secure core storage facility. Eco Tech Laboratory Ltd. of Kamloops B.C., an accredited laboratory and subsidiary of Alex Stewart Group Ltd. conducted the sample preparation and analysis. All samples were analyzed by 35 multi-element ICP analysis, aqua regia digestion, AES finish. All samples over 1000 ppm copper were analyzed for gold, platinum and palladium by 30 gram fire assay geochem/A.A. finish. The sample stream was subject to check analysis on repeat and re-split samples.

Al Levien Supreme's CEO states "The TAS results are very positive, and the directors are looking forward to aggressively exploring and drilling our Copper Mountain targets this year."

Grant F. Crooker, PGeo, (geologist) is the qualified person as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release.

Further news will be forthcoming in the near future.

ON BEHALF OF THE BOARD

Per:         "Allan Levien"
                                                               

Allan Levien
President and Chief Executive Officer

Click here for contact information

About Supreme Resources Ltd.:

Supreme Resources Ltd. (SPR – TSX.V) is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources' goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries.
Website:  www.supremeresourcesltd.com

About Copper Mountain Mining Corporation:

The Copper Mountain Mining Camp has excellent road access, an entire infrastructure in place for a 25,000 to 50,000 tpd open pit operation, including a water license and a 138 kilo volt power line.

Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Project. The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia. The Copper Mountain Project has a current resource of approximately 5 billion pounds of copper, the project is fully financed ($438M) and in construction and on schedule for the mine to produce approximately 100 million pounds of copper per year by mid 2011.
Website: www.CuMtn.com

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 release.

post #35 of 47

Looks good there on trend and similar grades to the Sr company. (CUM.T)

 

Apparently more drilling in Spring and ....

 

Copper Mountain closes $40.04-million financing

2011-02-08 09:34 ET - News Release

 

Mr. Rod Shier reports

 

COPPER MOUNTAIN CLOSES CDN $40 MILLION BOUGHT DEAL FINANCING

 

Copper Mountain Mining Corp. has closed its $40-million bought deal financing announced in Stockwatch on Jan. 19, 2011. The syndicate of underwriters was led by Wellington West Capital Markets Inc. and BMO Nesbitt Burns Inc. and included Raymond James Ltd., Canaccord Genuity Corp. and Jennings Capital Inc. The offering consisted of the issue of 5.68 million common shares, including an overallotment option of 700,000 common shares which has been exercised in full by the underwriters, at a price of $7.05 per share, resulting in $40,044,000 in gross proceeds to the company.

 

Copper Mountain plans to use the net proceeds of this financing to acquire interests and/or rights in other mining or mineral properties, other acquisitions, general and administrative expenses, working capital purposes and corporate development.

 

Mr. O'Rourke, chief executive officer of the company, stated: "I am extremely pleased that our existing and new institutional shareholders have shown such strong confidence in the Copper Mountain project and management of the company. With this financing complete, the company is well positioned for future opportunities."

post #36 of 47

EARLY News OUT after market about High Grade Gold Property

 

NEWS RELEASE

                                                                       

 

New Quartz Vein and Adits Discovered at Ample Gold Max

 

 Exploration program underway, spring drilling planned

 

Previous quartz veins returned up to 66.34 grams /tonne Gold (2.13 ounces gold / tonne)

 

 

 

Coquitlam BC, Canada, February 17, 2011 SUPREME RESOURCES LTD. (SPR.V-SPRWF-OTC) (the “Company”) is pleased to announce a work update on the Phase 2 exploration program on its 100% wholly owned Ample Gold Max Property.

 

The Ample Goldmax Property is located 8 kms west of Lillooet, BC along Highway 99 South, better known as the Duffy Lake Road. The property comprises 294 units, or 5,828 hectares (58.2 sq km)

 

In late 2010, Supreme Resources completed an aerial reconnaissance survey of the property and discovered a large new quartz vein and four (4) previously undiscovered adits (horizontal passage into a mine, from which ores and minerals are extracted).

 

This new quartz vein is located in a previously unexplored area, and is located north of the Ample Gold Max Main Zone. It is estimated to be approximately 5 meters (15 feet) in width and is exposed on the surface of a rock face and appears to continue into the mountain for an unknown length.

 

Currently, Supreme Resources is conducting a Soil Geochemical Survey over the new area in the vicinity of the newly discovered quartz vein. The results will provide further insights as to the geological & economic potential of the new quartz vein.

 

Ample Gold Max gold grades from previously identified and sampled quartz veins returned gold values of up to 66.34 grams /tonne (2.13 ounces gold / tonne). (See News Release dated February 28, 2008Ample-Goldmax 2008 Exploration Program”)

 

Prior drilling results by Homestake and Gold Ore include an 8.2m intersection with 11.76g/t gold, 4.5g/t Au over 7.2m, 9.5g/t Au over 1.5m, and 3.9g/t Au over 5.0m. (See News Release dated February 26, 2008 “Ample Gold Max Exploration)

 

Supreme’s drill hole AG-08-38, which was a "twin" to Homestake's hole AG 96-07 intersected 6.05m of strongly quartz-veined greenstone and graphite phyllite from 30.12m to 36.17m, accompanied by arsenopyrite, pyrite, and pyrrhotite. Visible gold was observed at two locations within the AG-08-38 drill core. (See News Release dated September 25, 2008 “More Visible Gold Encountered At Ample-Goldmax”)

 

The Ample-Goldmax Property has an established trend of mineralized zones along the Cayoosh Creek Fault for more than 3 kms.

 

Many of the mineralized zones like the Ample–Goldmax, Bonanza Ridge zones display visible free gold and abundant sulphide lenses, along a strike length of showings over 1 km in length. 

 

Ample Gold Max Historical Drill Results

 

  • 8.2m of 11.76g/t gold
  • 7.2m of 4.5g/t gold
  • 1.5m of 9.5g/t gold
  • 5.0m of 3.9g/t gold
  • 21.0m of 2.75g/t gold
  • 12.0m of 2.49g/t gold

 

 

Drill hole AG 08-38, which was a "twin" to Homestake's hole AG 96-07, collared in the same location and drilled in the same direction (azimuth) and at the same dip angle as the Homestake hole.  A comparison of the two holes follows:

 

Homestake       AG 96-07       24.80m to 33.00m       8.20m             11.76 gpt Au

 

Supreme           AG 08-38       31.36m to 38.45m       7.09m                6.60 gpt Au

 

The results from the 2008 drill program are as follows (See News Release dated February 9, 2009 “Drill results and assay intercepts Ample–Goldmax”)

 

 

Drill
Hole

From
(m)

To
(m)

Intercept (m)

Gold/Au
(g/t)

AG 08-36

19.33

19.46

0.13

7.10

AG 08-37

7.37

7.50

0.13

11.39

 

58.54

64.63

6.09

4.17

AG 08-38

14.41

15.85

1.44

1.10

 

31.36

38.45

7.09

6.60

AG 08-39

10.37

18.90

8.53

5.91

AG 08-40

5.65

6.71

1.06

10.72

AG 08-41

No significant results

AG 08-42

Hole Abandoned

 

 

NI 43-101 Report dated July 24, 2007, outlining the history of gold mining & exploration of mineralized zones and recommending further exploration work on the Ample–Goldmax Property, has been completed by Dr. J.S. Getsinger, P.Geo.  A copy of the full report can be found at www.sedar.ca.

 

Supreme Resources will use the results from the geochemical survey to assist the company’s geologist with the preparation of a spring 2011 Phase 3 exploration program, which will include plans to drill areas in and around these four newly discovered adits and the newly discovered quartz vein on The Ample Gold Max property.

Al Levien Supreme’s CEO states “These discoveries confirm our beliefs that undiscovered structures within this large property exist and may host exceptional gold grades. We are excited about the potential of the other target areas and the upcoming spring drilling on Ample Gold Max.”

 

Please visit the company’s website to view recent pictures of the Ample Gold Property and sign up for further update www.supremeresourceltd.com

 

Further news will be forthcoming in the near future.

 

ON BEHALF OF THE BOARD

 

“Allan Levien”

 

____________________________

Allan Levien

President

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Check out the size of the Copper Mountain Ore Body

 

http://www.supremeresourcesltd.com/_resources/corporate_presentation.pdf

 

Go to Slide # 10 COPPER MOUNTAIN GEOLOGY

 

Also fyi the company released news

 

http://www.supremeresourcesltd.com/news/index.php?&content_id=107

 

The s/p has pulled back ......

post #40 of 47

fyi, Supreme Resources Ltd. is on Facebook

 

http://www.facebook.com/pages/Supreme-Resources-Ltd/201904776498388

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