VVC Exploration Corporation

VVC Exploration Corporation

December 16, 2010 13:44 ET

VVC Exploration Acquires Additional Concessions Adjoining Cumeral Gold Property


- Property now totals 6,649 hectares

- Located in well mineralized Sierra La Jojoba Trend

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2010) - VVC EXPLORATION CORPORATION (TSX VENTURE:VVC)(FRANKFURT:V7S) ("VVC" or the "Company") is pleased to announce that the Company's Mexican subsidiary has acquired an additional 3 concessions totalling 5,984 hectares (ha) contiguous, to the northeast, of the Cumeral Gold Property (the "Cumeral Property") in Sonora State, Mexico. The new concessions cover areas along trend with the potential to host gold/silver mineralization similar to gold/silver zones located on the original Cumeral Property. The Cumeral Property, with the newly acquired concessions, now totals 6,649 ha.

Following the positive results of last summer's air trac drilling program on the Cumeral Property, the Company identified areas of interest outside the Property, which were then acquired through staking by a contractor working for VVC. Upon completion of the transfer, in accordance with local laws, VVC Mexico will own 100% of the rights to the new concessions, subject only to paying the bi-yearly taxes.

The Cumeral Property is situated in the under-explored Sierra Madre Occidental along the well mineralized "Sierra La Jojoba" trend, which is host to numerous other gold deposit and mines. It is located approximately 15 km to the northeast of the Mina Lluvia de Oro and Mina La Jojoba deposits which host over 26 million tonnes of measured, indicated and inferred resources grading 0.525 to 0.741 g/T gold. Mineralization on the Cumeral Property has been traced along strike for 3 kilometres (km) over widths of up to 1 km. 

Sonora State has benefited from a recent increase in exploration for Carlin-style mineralization. Carlin-style mineralization typically occurs as shallow systems where lower grade gold in oxidized zones occurs in sedimentary rocks to depths of 150 to 200 metres. Higher grade, sulphide related, gold mineralization commonly occurs at depths below 300 metres. Gold exploration in Sonora is still defining the shallower systems and has yet to fully explore the mineralized potential at depth.

The Company believes that the Cumeral Property has not yet been fully explored, with gold/silver potential both near surface and at depth. Five mineralized targets (A to E) have been defined by exploration and artisanal mining. Grades of up to 39.5 g/T gold have been noted in historical grab samples, while VVC sampling has found gold grades in grab samples up to 12.65 g/T, with good silver values (Area E) (News release dated September 21, 2010).

Further exploration, including prospecting, geological mapping and diamond drilling, is planned to test the mineralized areas defined by previous exploration and to evaluate, confirm and extend the mineralized zones, located in the air trac drilling carried out in July.

The option agreement on the original Cumeral Property is in good standing, after payment yesterday of US$100,000 plus applicable taxes to the vendors.

The technical aspects of this news release were reviewed by Peter Dimmell, P.Geo. a director of VVC, who is a Qualified Person (QP) as defined in National Instrument 43-101.

About VVC:

VVC Exploration Corporation is a Canadian exploration company with projects in Mexico and Canada. This includes gold prospects in Sonora and Sinaloa, a gold-silver prospect in northern Durango, and a silver/lead/zinc prospect in Chihuahua State, all in Mexico, and grass-roots gold properties in the Timmins area of northern Ontario and in the Beauce-Bellechasse area of southern Quebec. VVC is also aggressively searching for other projects – mainly precious minerals and base metals at various stages of development in North America, with an emphasis on gold and silver in Mexico.

On Behalf of the board of Directors

Michel J. Lafrance, Secretary-Treasurer

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives that subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding financings are subject to all of the risks and uncertainties normally incident to fund raising by public companies. These risks include, but are not limited to, market conditions and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither the TSXV nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.

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