News Releases
| January 18, 2010 Strong & Extensive Surface Anomalies at Gold Coin | |
| Secova Metals Corp. is pleased to provide an update on the ongoing exploration work on its 100% owned Gold Coin Arizona gold project. Secova has recently applied for three Arizona state mineral exploration licenses contiguous to the east side of original claims. When granted, the Gold Coin property will nearly double in size; increasing from 350 hectares (864.8 acres) to 659.2 hectares (1,628.9 acres). Groundwork, in preparation for drill testing, is now complete. Secova has covered the entire property (excluding the new licence areas) with a ground-based magnetic and VLF-EM geophysical survey, a detailed MMI soil sampling program and geological mapping. Review of these gold exploration data reveals that the Gold Coin claims encompass three large and distinct zones of coincident soil & geophysical anomalies. In general, the soil anomalies have a strong combined gold, silver, arsenic and antimony signature along with lesser base metal attributes. The geophysical VLF-EM survey shows that these soil anomalies are cut by northwest and northeast trending conductors. Importantly, the magnetic survey and select MMI soil elements (cerium, uranium and rare earth elements) identify overlapping zones which are inferred to be intrusive rock units. A map showing the locations of the anomalies is available on the Secova website. The Gold Coin Claims have never been drill tested. Secova is currently preparing documents for diamond drill permits. Early discussions with the Bureau of Land Management (BLM) indicate that the process should be smooth and brief. Diamond drilling testing is planned to commence immediately after receipt of the drill permit, likely within about 30 days. Drilling will total an estimated 2,000 metres in up to ten holes, with initial holes focusing on the gold mineralization found in the Double Eagle trenches. The most intriguing of the three anomalous zones is coincident with the Double Eagle trenches; where continuous rock chip samples yielded highlight gold results of 13.7 metres of 3.12 g/t gold, including 6.1 metres of 4.65 g/t gold. This soil + geophysical anomaly measures about 1,000m long by 350m wide and has a strong north-westward trend. The second anomaly is centred about 350 metres east of the trenches, measures about 900m long by 250m wide and roughly parallels the Double Eagle anomaly. The third anomaly is the largest of the three and is located within the north-central part of the property. This soil + geophysical anomaly is loosely elliptical in shape measuring about 1,000 metres in a east-west direction by a width of 300 -- 500m metres. Additional soil samples are being collected off the eastern limit of this elliptical anomaly, as it open to the east and trends on to the newly acquired claims. The three newly discovered anomalous areas cover land that is dominantly covered with a thin veneer of desert soil (typically less than three metres deep), which masks favourable geological rocks. Earlier explorationists were hindered by the soil cover and focused their efforts on the sporadic windows of outcropping rocks. Secova's soil and geophyscial surveys will serve as an excellent tool for focusing the forthcoming diamond drill program. Gold Coin is located in the Turquoise mining district, located within a broad north-south mineral trend extending more than 100 kilometres from southeast Arizona, United States, into Sonora, Mexico. The area includes two other well-known historical gold-copper-silver mining districts: Warren (Bisbee) and Tombstone. Michael Moore, PGeo, is the qualified person who has reviewed the technical information contained in this news release on behalf of the company Further information is available on the company's website www.SecovaMetals.ca ON BEHALF OF THE BOARD "Michael Moore" Michael Moore President and CEO Forward-Looking Statements: This Secova Metals News Release may contain certain "forward-looking" statements and information relating to Secova which are based on the beliefs of Secova management, as well as assumptions made by and information currently available to Secova management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. 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. | |
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