Manson Creek – Wolf Claims Mineral Prospect – Soil Sampling Program Results
SAVILLE RESOURCES INC.
1450 – 789 West Pender Street, Vancouver, B.C., V6C 1H2, Phone: 604-681-1568 Fax: 604-681-8240
December 4, 2012 Trading Symbol: TSX-V: SRE
Manson Creek – Wolf Claims Mineral Prospect – Soil Sampling Program Results
Saville Resources Inc. (“The Company”, “Saville”) announces that it has received the results of the recently completed soil sampling program on the newly acquired Wolf Claims consisting of 4 contiguous mineral claims located in historic Manson Creek, 136 kilometers northwest of Fort St. James, in the Omenica Mining Division of north central BC. The claims cover an area of approximately 1,824 hectares and are accessible by logging roads.
The work program was planned to determine if extensions of a gold and silver-bearing galena vein exposed by trenching on a neighbouring claim would project onto the Wolf claims. 203 soil samples were collected from flagged lines at 200 metre line spacings with samples collected every 25 metres along the lines. The sampling was completed on two areas, Area A located to the NW of the galena vein, and Area B to the SE.
Results from Area A failed to define any anomalies that extend beyond a single line. Much of this area is overlain by thick overburden deposits in the Manson Creek Valley so any geochemical expression related to mineralization may be masked. However, Area B’s sampling program did delineate a very distinct silver-lead-zinc anomaly that is present on all four soil lines. The anomaly trends at approximately 100° over a strike length of 800 metres, has a width of 50-75 metres and is open to the west and east. It does not appear to line up with the apparent trend of the existing galena vein. Nonetheless it forms a distinct trend and could well be a subparallel structure or a splay structure from the main Manson Creek fault.
The anomaly is characterized by anomalous silver-lead-zinc. On three of the four lines sampled (Lines I-J, K-L and M-N) silver values consistently exceed 1g/t, ranging from 1.05 to 3.14 g/t silver. On the fourth line where the anomaly is present, (Line O-P) silver values are in the range of 0.3 g/t silver. Lead and zinc are consistently elevated within and proximal to this trend, the values range considerably from line to line but are always elevated in this trend relative to the samples flanking the trend; this was used to help determine the location of the trend on line O-P. Lead values within the trend range from 5.2-102 ppm. Zinc shows a similar relationship; values within the trend range from 57-373.
This trend is not likely affected by glaciation. The soil anomaly is on a moderately steep hill above the river valley bottom. Many of the samples reached bedrock and some are a mix of B and C-horizons as shale rock chips were commonly observed in the soil pits. On occasion pyrite-bearing quartz fragments were also noted. None of the soils were analyzed for gold to see if the same gold-silver relationship seen at the galena vein to the northwest exists within the soil data. There are multiple scattered silver-lead-zinc values to the north of the anomalous trend. It is not clear if some of these represent a sub-parallel vein structure or are the results of downslope dispersal of the stronger anomaly upslope.
Follow-up work for 2013 will include infill soil sampling at 100 metre line spacing to further delineate the anomaly. In addition geological mapping and sampling will be undertaken to see if a bedrock source for the anomaly can be located. Hand trenching may be considered over the strongest portion of the geochemical anomaly if overburden depths are not too great. Based on the results Saville staked an additional mineral claim to cover potential strike extension further to the southeast. Soil sample lines will be completed on the new claim to see if the same geochemical anomaly is present.
All samples were analyzed by ALS Global at their facility in North Vancouver, BC. The program was early stage exploration so no quality control measures were implemented beyond the laboratory’s internal control measures.
Mr. Wesley Raven, P.Geo., is the Qualified Person under NI 43-101 who supervised the 2012 work program and who has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors
Xiao Hai Yin President
For more information contact Craig Robson at 778 329 9630, Fax: 778 329 9626
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.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.