Silverstock Reports 2021 Field Season Results at Gold Cutter
Silverstock Reports 2021 Field Season Results
at Gold Cutter
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2022) - Silverstock Metals Inc. (
CSE: STK
) (the
"
Company
" or "
Silverstock
") is pleased to provide an update on the recent exploration work carried
out on the Gold Cutter Property (the "Property").
Silverstock's first exploration programs took place in 2020, when i) two geologists and two prospectors
spent one week on the Property conducting geological reconnaissance/sampling and collected 133 grab
samples; ii) a property-wide drone magnetic survey was completed; and iii) a local soil geochemical
survey was undertaken. The presence of significant precious and base metal values in quartz veins
mostly hosted by intrusives in the north-central part of the Property was verified.
In October 2021, two geologists and a prospector spent a further five days on the Property for
Silverstock conducting additional sampling and geological reconnaissance. 111 grab samples were
collected. Gold results varied from below detection to a high of 1.76 g/t; five samples had in excess of
0.5 g/t Au. Silver ranged from below detection up to 129 g/t. Base metal values varied from very low to
highs of 282 ppm Cu, 2.57% Pb and 325 ppm Zn. Molybdenum had a highest value of 519 ppm (0.05%).
The 2.57% Pb and 129 g/t Ag came from a 70 cm wide rounded boulder with a banded quartz-galena
vein.
Figure 1: Outlined Property Targets
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8578/126964_silverstock%20fig1.jpg
.
Two main targets have emerged from the two prospecting/geological reconnaissance campaigns:
i) a
northern NNW trending 1.2 km long zone with auriferous quartz veins spatially associated with
dikes of syenite/monzonite
(Fig. 1); and
ii) elevated gold associated with a quartz veins and
silica alteration in monzonite in the south-central part of the property
(Fig. 1). The northern zone
is open to the SSE, and the southern zone is open in all directions.
The Company will continue to review and assess the information it has obtained and lay out a path
forward for 2022/2023.
Qualified Person
Dr. Tom Setterfield, P.Geo., a Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects, has read and approved all technical and scientific information contained
in this news release.
About Silverstock Metals Inc.
Silverstock Metals Inc. is engaged in the business of mineral exploration and the acquisition of mineral
property assets in Canada. Its objective is to locate and develop economic precious and base metal
properties of merit and to conduct the exploration of its Gold Cutter Property. The Gold Cutter Property is
comprised of two contiguous mineral claims totaling approximately 1,821.1 hectares and is located in
the Kamloops Mining Division, British Columbia.
For more information, please refer to the Company's prospectus dated August 3, 2021, available on
SEDAR (
www.sedar.com
).
On Behalf of the Board of Directors
James Walchuck
Chief Executive Officer, President and Director
For further information, please contact:
James Walchuck
Chief Executive Officer, President and Director
(778) 897 3322
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information
(collectively, "forward-looking statements") within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical fact, included herein including, without
limitation, statements regarding the commencement of trading of the Company's common shares on
the Canadian Securities Exchange, future capital expenditures, anticipated content, commencement,
and cost of exploration programs in respect of the Company's projects and mineral properties,
anticipated exploration program results from exploration activities, resources and/or reserves on the
Company's projects and mineral properties, and the anticipated business plans and timing of future
activities of the Company, are forward-looking statements. Although the Company believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Often, but not always, forward-looking information can be identified by words such as "pro forma",
"plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", "believes", "potential" or variations of such words including negative variations thereof,
and phrases that refer to certain actions, events or results that may, could, would, might or will occur or
be taken or achieved. In making the forward-looking statements in this news release, the Company
has applied several material assumptions, including without limitation, that market fundamentals will
result in sustained precious and base metals demand and prices, the receipt of any necessary
permits, licenses and regulatory approvals in connection with the future exploration of the Company's
properties, that the COVID-19 global pandemic will not affect the ability of the Company to conduct the
exploration program on the Gold Cutter Property, the availability of financing on suitable terms, and
the Company's ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to differ materially from
any future results, performance or achievements expressed or implied by the forward-looking
statements.
Such risks and other factors include, among others, statements as to the anticipated
business plans and timing of future activities of the Company, including the Company's option to
acquire the Gold Cutter Property, the proposed expenditures for exploration work thereon, the ability of
the Company to obtain sufficient financing to fund its business activities and plans, delays in
obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange),
permits or financing, changes in laws, regulations and policies affecting mining operations, risks
relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the
Company's business, financial condition and results of operations, the Company's limited operating
history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as
those factors discussed under the heading "Risk Factors" in the Company's prospectus dated August
3, 2021 and other filings of the Company with the Canadian Securities Authorities, copies of which can
be found under the Company's profile on the SEDAR website at
www.sedar.com
.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company
undertakes no obligation to update any of the forward-looking statements in this news release except
as otherwise required by law.
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