SOURCE: Minfocus Exploration Corp.

Minfocus Exploration Corp.

August 16, 2016 17:00 ET

Minfocus Exploration Announces Completion of First Coral Project Drilling Program and Assay Samples Submission

TORONTO, ON--(Marketwired - August 16, 2016) - Minfocus Exploration Corp. (TSX VENTURE: MFX) ("Minfocus" or the "Company") is pleased to announce the successful completion of its first drilling program on its CORAL zinc project in British Columbia. Samples from eight of the nine drill holes and a new outcrop showing have been submitted for assay. Drill hole C16-9 intersected two encouraging zones of visible zinc mineralization. Hole C16-9 is located southwest of the trench area and about 300 metres beyond any other drilling.

A new zinc mineralized outcrop showing was found about 100 metres northeast of the trench area with horizontal extent of 7 metres and a vertical interval of 1.3 metres.

Coral Zinc Project Initial Drilling Program

Nine diamond drill holes have been completed from four set-up sites. Hole C16-9 was drilled from the last site which was a substantial step out south from the Hound Dog Creek trench and intersected an upper interval displaying massive blebs of sphalerite (zinc sulphide) and pyrite (iron sulphide). Lower down in the hole more sphalerite occurs disseminated through the dolostone host. (See core photos on website.) The first three sites tested the area uphill from the Hound Dog Creek trench across the large zinc geochemical anomaly. These holes intersected stratabound shines, shows and sub-vertical veinlets of sphalerite. The newly excavated outcrop showing, the 1988 and current drill intersections are all at the same stratigraphic position which demonstrate mineralization over more than 300 metres and open ended.

Dr. Gerald Harper, President of the Company commented that "he is looking forward to getting the assay results to guide the Company in planning the next exploration program".

All samples have been submitted to ActLabs, Kamloops. ActLabs laboratory is accredited by the Standards Council of Canada (SCC) for International Standards Organization (ISO) 17025.

The property has historic core drilling and trenching, intersecting mineralized dolostone containing zinc and lead values of up to 7.8% zinc, analogous to Pine Point, a major low-iron, Mississippi-Valley-Type deposit. Minfocus has a two-year Mines Act drilling permit. Drill results along with photographs will be posted on the Minfocus website.

About Minfocus Exploration Corp.

Minfocus Exploration Corp. is a Canadian company currently advancing a portfolio of exploration projects in British Columbia. Minfocus is a successful management group with a record of multiple discoveries of deposits worldwide, including gold and uranium deposits in Mongolia and PGE-rich resources in Ontario, including the discovery of the first Platinum-rich Pt-Pd-Cu-Ni deposit in the Midcontinent Rift, the Current Lake deposit (+700,000 oz. Pt-Eq).

The Qualified Person who has reviewed and approved the technical content contained in this release is Dr. Graham C. Wilson, P.Geo.(Ont), a director of Minfocus.

Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release includes certain forward-looking statements concerning the future performance of the Company's business and operations as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are often identifiable by the use of words such as "may", "will", "might", "would", "plan", "believe", "expect", "anticipate", "intend", "estimate", "scheduled", "forecasts" and similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are based on the current opinions and expectations of management, and are subject to a number of risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those currently anticipated by such statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration results will not be consistent with the Company's expectations, fluctuating commodity prices, delays in commencing the Company's proposed drilling program, exploration costs varying significantly from estimates, the availability of financing, and other risks identified in the Company's documents filed with the Canadian securities regulatory authorities at www.sedar.com. Any forward-looking statement speaks only of the date on which it is made, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

Contact Information

  • For further information, please contact:

    Gerald Harper
    President & Chief Executive Officer
    Phone: (416) 232-0025