SYMC Resources Limited

SYMC Resources Limited

October 25, 2006 06:30 ET

SYMC Resources Limited: Macktush Property Fall Exploration Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 25, 2006) - SYMC Resources Limited ("SYMC" or the "Company") (TSX VENTURE:SY) is pleased to announce interim results from its ongoing 2006 work program consisting of prospecting of airborne geophysical targets, and diamond drilling programs of previously known targets on its wholly owned Macktush Property near Port Alberni, B.C.

Initial geochemistry results and re-assay results have been received by SYMC from Acme Analytical Laboratories ("Acme") for 175 of 245 rock samples, plus additional soil and stream sediment moss mat samples taken from four airborne electromagnetic anomaly clusters (Rex, Cous, West and Macktush) by SYMC's prospecting crews since June 2006. Soil samples from all areas and all sampling from the Macktush cluster have yielded only low values. Several rock samples and some moss mat samples from the Rex, Cous and West clusters have yielded elevated values in molybdenum, copper, silver, arsenic and/or gold. Highlights received to date from selected rock grab and representative outcrop chip samples are as follows:

Re-assay Highlights
Cluster Sample No. Sample Description Cu% Au g/t Ag g/t
------- --------- ------------------ ----------------------
Rex 312718 trenched quartz-sulphide vein 1.79 low 7.5
with 30% pyrite
Cous 312719 trenched skarn vein fragment 4.45 5.63 22
in fault zone
Cous 312720 1.0 m. rep. outcrop chip of 2.20 1.19 39
sulphide skarn vein
Cous 312722 1.2 m. rep. outcrop chip of 1.35 0.66 16
limestone footwall
Cous 343778 float boulder of quartz- 2.83 low 4.0
calcite-sulphide vein
Cous 343856 float boulder of quartz- low 5.55 2.0
sulphide vein
West 343652 float boulder of magnetite- 1.37 low low
sulphide skarn

The Cous Cluster is centred on the MC Zone (B.C. MINFILE prospect 092F103) and consists of a gently northwest-dipping zone of sulphide mineralization containing pyrite and chalcopyrite, underlain by re-crystallized limestone and intersected by a steep northeast-trending fault zone exposed in a trenched outcrop along a logging road. The Company has commenced diamond drilling the MC Zone with steeply oriented holes collared from an exploration trail northwest and uphill from the MC Zone, with two holes completed to date and the third in progress. All three holes have intersected the MC Zone target as well as additional deeper zones containing visible chalcopyrite mineralization. Results from the MC Zone drilling program will be released after all core analyses have been received. Prospecting is in progress to follow up the mineralized float boulders in samples 343778 and 343856 from the Cous Cluster.

The Rex Cluster continues to yield intriguing outcrop exposures containing abundant pyritic stockwork veins and intense alteration within a geological setting of mixed volcanics and porphyritic intrusives over an area of 3 by 2 kilometres. Some stockwork veins containing visible chalcopyrite mineralization have been recently discovered and sampled by SYMC's prospecting crews, from which preliminary analyses are pending. Modeling of the 2005 aeromagnetic data suggests the presence of a larger (5 by 3 kilometres) elliptical magnetic high feature which has been displaced by right lateral north-south faulting. A notice of work has been submitted by the Company to the B.C. Ministry of Energy and Mines for up to 25,000 metres of diamond drilling in two phases.

The West Cluster is centred 3 kilometres west of the Rex Cluster and 3 kilometres south of the Cous Cluster. Prospecting is planned to follow up the mineralized float boulder in sample 343652 from the West Cluster. The South Cluster is centred 3 kilometres south of the Rex Cluster, with preliminary prospecting planned as well. The Macktush Cluster is centred on the Fred and David Vein systems, 3 kilometres east of the South Cluster.

Geochemistry results have been received by SYMC from Acme for five diamond drill holes which targeted the parallel Zinc and Jack quartz-sulphide veins in the Fred Vein system, located 300 metres southwest of the David Vein target tested in 2005. Three holes successfully tested the Zinc Vein (MZ-06-01, MZ-06-02 and MZ-06-03) and two successfully tested the Jack Vein (MJ-06-01 and MJ-06-02), but all yielded only low metal values, as follows:

Drill Hole Target Vein From To Interval Au g/t Ag g/t Cu% Zn%
---------- ----------- ---- ---- ---------- ------ ------ ----- -----
MZ-06-01 Zinc Vein 41.0 42.4 1.4 metres 0.334 1.100 0.006 0.197
MZ-06-02 Zinc Vein 56.3 56.9 0.6 metres 0.717 0.300 0.002 0.047
MZ-06-03 Zinc Vein 64.3 66.3 2.0 metres 0.240 0.500 0.019 0.005
MJ-06-01 Jack Vein 66.9 67.2 0.3 metres 0.352 0.100 0.001 0.003
MJ-06-02 Jack Vein 82.0 82.6 0.6 metres 2.165 0.900 0.019 0.261

No further drilling is warranted or planned on the Zinc or Jack Vein targets, and no further prospecting is planned on the Macktush Cluster surrounding these showings. The inferred mineral resource for the Fred Vein system will be revised appropriately to reflect the 2006 drilling results.

All of SYMC's work programs are supervised by Jacques Houle, P.Eng., who is a qualified person under National Instrument 43-101 for the purposes of this news release.
About SYMC

SYMC is an active gold exploration company which owns three mineral properties in B.C. and is currently exploring them for gold, silver, copper and molybdenum.

Herbert McMaster, President

Contact Information

  • SYMC Resources Limited
    Herbert McMaster
    (604) 723-7027
    SYMC Resources Limited
    Mark T. Brown
    (604) 687-3520
    (250) 723-4544 (FAX)