Silvore Fox Minerals Corp.
TSX VENTURE : SFX

Silvore Fox Minerals Corp.

December 03, 2009 13:29 ET

Silvore Fox Minerals Corp. Announces Drilling Program

HALIFAX, NOVA SCOTIA--(Marketwire - Dec. 3, 2009) - Silvore Fox Minerals Corp (TSX VENTURE:SFX) Mr. Harold Cabrita, President & CEO of Silvore Fox Minerals Corp. (SFX) is pleased to announce the commencement of a December Drilling Program at the Corporation's wholly-owned Coxheath property and to earn its interest on the Corporation's Oceanview Property.

Maritime Diamond Drilling Limited of Hilden, Nova Scotia has been contracted to drill NQ wireline diamond drill core over multiple targets during this program. Drilling is planned to start Dec 10th, 2009.

The primary objectives of drilling at the Coxheath Property are to drill several historical mineralized intersections drilled during the 1960's by Mariner Mines in the Central Zone and the historic Moly Zone to confirm and expand the moly potential. Core from the Mariner Mines (MM) drilling programs is incomplete and is therefore no longer available for re-analysis. SFX also plans to drill test a limited number of IP anomalies on the property and further define the vertical and lateral extent of known mineralized zones, as defined by recent and historic drilling.

At SFX's Oceanview Property, drilling will test significant IP anomalies recently identified by an IP survey. The IP survey showed chargeability anomalies that extend from surface to more than 500m (maximum depth surveyed). One anomaly coincides with known mineralization at the surface around a historical shaft and extends laterally for more than 650m (the extent of the survey). A narrow, vertical resistivity low also corresponds to the chargeability anomaly under the shaft, suggesting a fault controlled mineralized zone.

Grab samples from the ore dump ran 3-6% Cu, with one analysis returning 6% Cu, 40g Ag, elevated Co and Au. Drilling by French Road Exploration cut 3m of .70%Cu, .43% Bi, .14 Co, .6oz Ag, .03 Sn, (DDH FR81-2); Tusk Minerals in 1988 cut a 15cm chalcopyrite rich vein (at approximately 86m) that ran 7.6% Cu and also cut 4.1m of .66% Cu and .46% Bi between 89.6m to 93.7m (DDH TSK 88-1).

Fred Bonner, P.Geo, Vice President - Exploration, is the qualified person as defined by National Instrument 43-101 who has reviewed and approved and verified the technical information contained in this news release.

About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. is a Bedford, Nova Scotia, Canada based public mineral exploration company. On June 4th, 2008, the Corporation acquired 3214399 Nova Scotia Limited as a wholly owned subsidiary, including 100% earned mineral rights to the claims at Coxheath, Cape Breton Island, Nova Scotia (known as the 'Coxheath Deposit'). The Corporation has an experienced management and geological team.

The Coxheath deposit model is believed to be analogous to Pacific Rim volcanogenic porphyry copper deposits. Alteration patterns in association with the regional geological setting further suggest a possible model linking the diorite-hosted porphyry-style mineralization at Coxheath and an epithermal system approximately 4 km to the east.

Silvore Fox Minerals further recent acquisition agreement of the 'Oceanview' property, strengthens SFX's position as a regional mineral exploration company. It is a complimentary prospect to the multi-element Coxheath deposit.

Please visit our website; www.silvorefox.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDED (as that term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Silvore Fox Minerals Corp.
    Harry Cabrita
    President & CEO
    902-832-1060
    902-422-9208 (FAX)
    info@silvorefox.com
    or
    Silvore Fox Minerals Corp.
    Fred Bonner
    Vice President - Exploration
    902-832-1060
    902-422-9208 (FAX)
    info@silvorefox.com