Valley High Ventures Ltd.

Valley High Ventures Ltd.

November 24, 2009 08:30 ET

Valley High Reports Results From Cordero Project, Mexico: 66 Metres Grading 17.3 g/T Ag and 1.45% Zn in a New Zone 1,200 m From DDH C09-5; Land Postion Doubled to 200 Square km

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2009) - Valley High Ventures Ltd. ("Valley High") (TSX VENTURE:VHV) is pleased to report results from the remaining three holes drilled during the initial diamond drill program at the Cordero silver, gold, zinc, lead, porphyry district located 35 kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico. This first phase program included the drilling of 8 holes, totaling 2,840 metres of HQ core, and was designed to test five targets within three of the four mineralized intrusive centers that comprise the Cordero Porphyry Belt. The exploration target is a bulk-mineable deposit geologically similar to the Penasquito deposit currently being developed by Goldcorp Inc.

The final results received include those for the bottom of hole C09-3, and holes C09-6, 7 and 8. Significant results were obtained in hole C09-8 within the southeast margin of the Cordero Dome target where an interval beginning at 190 metres returned 66 metres grading 17.33 g/T Ag and 1.45% Zn. Furthermore, a high grade interval beginning at 426 metres returned 8 metres grading 87.93 g/T Ag, 3.05% Zn and 1.54% Pb from a contact zone between dacite porphyry and limestone country rock. Hole C09-8 is located 1,200 metres northeast of the previously reported hole C09-5 within a separate geological setting and represents a second discovery at Cordero.

Selected results are presented below in table 1 and drill collar information is presented in figure 1 and table 2 below. Sample lengths reported are core intervals and true widths are not known.

Table 1: Summary Drill Results

HoleTargetFrom (m)To (m)Length (m)Ag (g/T)Au (g/T)Zn (%)Pb (%)
C09-1Pozo de Plata0707029.
C09-2Pozo de Plata6888231.740.270.150.23
C09-3Cordero Dome72922088.340.141.901.69
C09-3Cordero Dome184192825.380.561.450.31
C09-4Pozo de Plata122130832.500.210.620.34
C09-5Pozo de Plata9224415280.640.611.411.22
C09-5(incl.)Pozo de Plata13020272150.161.062.482.27
C09-7La Ceniza120126650.500.162.011.11
C09-8Cordero Dome1902566617.330.021.450.08
C09-8Cordero Dome272278615.830.021.690.34
C09-8Cordero Dome426434887.930.083.051.54

Hole C09-8 tested the southeast margin of the main Cordero Dome target, 1,200 metres east of hole C09-5, and in the vicinity of several shallow artisanal mine workings. The hole encountered widespread anomalous zinc and silver including three discrete intersections hosted by rhyolite, dacite and polylithic breccia and associated with overprinting phyllic and potassic alteration.

Holes C09-6 and C09-7 were drilled within the La Ceniza target some 800 metres and 1,400 metres northeast respectively from hole 8. No significant results were obtained in hole 6 and a single narrow interval was returned from hole 7.


Valley High also reports that it has successfully acquired by staking an additional 10,000 hectares of claims to the north and west of Cordero for a total land package of close to 20,000 hectares or 200 square kilometres (figure 2). The new claims cover the southwest strike extension of the Cordero Porphyry Belt; adding an additional strike length of 7 km and a second parallel, northeast trending porphyry belt (Porphyry Norte Belt) 8 km north of the Cordero Porphyry Belt.

The southwest extension of Cordero includes the King Kong felsic dome complex, which is locally cut by narrow, Cordero like veins and the Molino de Viento Caldera, ring dyke complex identified by geologic mapping of a circular magnetic low. The Porphyry Norte Belt includes the Sanson Norte stock and skarn complex, drilled in the past by Industrias Penoles and others (results unknown), and to the northeast a poorly exposed felsic dome complex and dykes and altered country rocks exposed in erosional windows through Tertiary basalt cover.


Results to date from the phase one drilling have returned encouraging values from widely spaced drilling in two separate geological zones. At the Pozo de Plata target three drill holes over a distance of 500 metres have intersected well mineralized diatreme breccias and targets remain open for additional expansion. A further 1,200 metres northeast of hole C09-5 in the Cordero Dome target, two holes, C09-3 and C09-8 have intersected additional mineralization. The Company is currently planning an expanded phase two drill program designed to complete grid drilling in the vicinity of the results received to date as well as continued first pass drill testing of extensive geophysical, geochemical and surface targets outlined by the 2009 work program. In addition preliminary evaluation of the newly acquired land that host potential extensions of the current target trends will be undertaken. The program is expected to begin in January 2010 subject to the Company securing additional funding.

The Cordero property is centred on a mineralized belt of four porphyries that has been defined through a strike length of 6 km and a width of about 3 km. The property comprises wholly owned claims and consolidated land agreements that total about 20,000 hectares wherein Levon Resources Ltd. ("Levon") may earn a 51% interest by spending Cdn $1,250,000 plus their proportion of the underlying option and maintenance property costs.

Core samples were collected in continuous two metre lengths, primarily by sawing of the key mineralized intervals and by splitting all other intervals. All of the samples mentioned in this release were prepared and analyzed by ALS Chemex at its labs in Chihuahua, Mexico and Vancouver, Canada. Gold analyses were performed by 30-gram fire assay with an atomic absorption finish. Silver, zinc and lead were analyzed as part of a multi-element inductively coupled argon plasma ("ICP") package using a four acid digestion with over limit results being re-analyzed with assay procedures utilizing ICP-AES.

The project is under the direct supervision of Mr. Francisco Armenta Eng., Valley High's General Manager, Mexico and Mr. Vic Chevillon, M.A., C.P.G., Levon's Vice President of Exploration. The Company employs a rigorous quality assurance and quality control ("QAQC") program comprised of control samples that include standardized material, blanks and duplicates. AMEC Americas Ltd. "AMEC" has designed the QAQC protocol from a study and review of information provided by the Company to AMEC. Robert Cameron, P.Geo, who is a qualified person within the context of National Instrument 43-101 has read and takes responsibility for this news release.

Table 2: Phase I drill hole locations (coordinates in CONUS Nad 27, UTM Zone 13)

Hole IDEasting (m)Northing (m)Elevation (m)Length (m)Hole TypeAzimuthDip
C09-144230130136971575166.90HQ Core0-60
C09-244233530137491566300.20HQ Core10-60
C09-344320030151801591500.50HQ Core200-60
C09-444280030139691596490.05HQ Core317-60
C09-544265030140831570367.00HQ Core0-60
C09-644437230150821580241.50HQ Core315-50
C09-744473830156411567319.55HQ Core310-50
C09-844380430145301585453.75HQ Core201.6-55.7
TOTAL - Phase 1 Drilling   2839.45HQ Core  

To view the maps accompanying this press release please visit the following link:

"Robert Cameron"
Robert Cameron
President and CEO

About Valley High Ventures Ltd.:

Valley High Ventures Ltd. is a Canadian based precious and base metal exploration company with projects located in the Yukon, British Columbia and Mexico. The Cordero property in north central Mexico is being evaluated by the Company for large bulk mineable silver, gold, zinc and lead deposits similar to the large Penasquito deposit currently being developed by Goldcorp Inc. Levon Resources Ltd. has an option to earn a 51% interest in the project by funding exploration work totaling Cdn. $1,250,000. The Mount Polley project is located British Columbia adjacent to Imperial Metals' Mt. Polley copper-gold mine. Valley High has recently optioned its interest in one portion of this property, the 37 hectare Boundary Zone, to Imperial Metals in return for a production royalty. In addition Valley High has an option to acquire a 100% interest in the Flume gold property in the Yukon which is located within the newly recognized White Gold District some 30 kilometres from the new Golden Saddle discovery of Underworld Resources Inc.

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Valley High to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta.

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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