Spf-Tsx.v Acquires Chaos Creek Claim Group – Nye Cty Nevada
NEWS RELEASE
SILVER PURSUIT RESOURCES LTD.
(SPF-TSX.V)
November 15, 2017
SPF-TSX.V ACQUIRES CHAOS CREEK CLAIM GROUP – NYE CTY NEVADA
Silver Pursuit Resources Ltd. Is pleased to announce the acquisition of a claim group known as Chaos
Creek. Consideration for the claims is 100,000 shares and a 1% NSR.
Location
The Chaos Creek prospect consists of twelve lode claims located in the Squaw Hills and are situated in
northeast Nye County approximately 53 miles south of Eureka and 75 miles northeast of Tonopah,
Nevada. Elevations range from 7690 to 6500 feet (2344-1981 m) in the prospect area.
Target Concept
Chaos Creek is a raw prospect with potential for high-grade, epithermal precious metals veins and for
disseminated gold mineralization hosted in the volcaniclastic rocks. Rhyolitic flow-dome complexes host
cross-cutting, mineralized breccias. Much of the host rock is covered by post-mineral tuffs or gravel
deposits. The gravel deposits are thought to be deposited in broken and altered zones of rhyolitic
intrusive and felsic volcanic rocks of Eocene to Oligocene-age.
A primary feature of interest is the intersection of two caldera margins along a deep-seated structural
contact with the Paleozoic basement rocks. At the Chaos Creek claims, rhyolitic flow dome complexes
are interpreted to be resurgent in character and are coincident with the nested margin of two
intersecting volcanic centers of Oligocene-age. A deep-seated, northeast-trending structural corridor is
bounded, to the west, by Mississippian basement rocks. The rhyolitic domes and lavas are spatially
coincident with localized anomalies modelled from remote-sensed ASTER data representing clay
alteration and silicification. Surface exposures within the anomalies identified by ASTER are related to
infilling and cross-cutting silica veinlets that indicate episodic pulses of hydrothermal activity. To date,
anomalous values of gold up to 0.45 g/t have been discovered near the contact between the Paleozoic
and Tertiary rocks.
Work Planned
Systematic surface sampling and an IP-Resistivity survey are planned to define drilling targets. Trace
element distribution, in the sampling results, will provide vectors to guide target definition. The
geophysical survey is intended to create a 3-D understanding of the subsurface geometry of the older
intrusive host rocks and to identify contrasting resistivity where mineralized zones and controlling
feeder structures may be present.
A summary map and x-sections outlining pertinent features of the property may be found here:
http://www.silverpursuit.com/projects/chaoscreek
Qualified person:
Pavel Dubchak, P.Eng., is the qualified person as defined by National Instrument 43-101 who has
reviewed and approved the contents of this news release.
About Silver Pursuit Resources Ltd.:
Silver Pursuit is building a diversified portfolio of Nevada assets with a special emphasis on gold. The
company continues to define its presence in Nevada with the compilation of data and historic work on a
portfolio of 15 prospects acquired by staking and the acquisition of the East Bell. The Company
continues to hold mineral leases located in the NWT where historic expenditures were more than $5
million.
On Behalf of the Board
SILVER PURSUIT RESOURCES LTD.
Brian McClay
President