Oceanus to Participate in the 2018 International Mining Investment Conference in
Oceanus to Participate in the 2018 International Mining Investment Conference in
Vancouver, British Columbia
HALIFAX, May 14, 2018 /CNW/ - Oceanus Resources Corporation (TSXV:OCN and OTCQB:OCNSF)
("Oceanus" or the "Company") is pleased to announce that the Company will be participating in the 2018
International Mining Investment Conference taking place May 15-16, 2018 at the Vancouver Convention
Centre, East Building, located at 1055 Canada Place, Vancouver, British Columbia. Oceanus will be
exhibiting in Booth #117 for the duration of the conference.
El Tigre Property
The Company is continuing to conduct mapping and sampling activities at the El Tigre Property in order
to identify targets for its next drill program. The El Tigre property is approximately 35 kilometres long and
now comprises 26,307 hectares. The El Tigre gold and silver deposit is related to a series of high-grade
epithermal veins controlled by a north-south trending structure cutting across the andesitic and rhyolitic
tuffs of the Sierra Madre Volcanic Complex within a broad gold and silver mineralized prophylitic
alternation zone. The veins dip steeply to the west and are typically 1 metre wide but locally can be up to
5 metres in width. The veins, structures and mineralized zones outcrop on surface and have been traced
for a distance of 5.3 kilometres along strike. Historical mining and exploration activities focused on a 1.5
kilometre portion of the southern end of the deposits, principally on the El Tigre, Seitz Kelly and Sooy
veins. Four veins in the north (Aguila, Escondida, Fundadora and Protectora) were explored with only
limited amounts of production.
The El Tigre formation is the rock package that hosts the historic El Tigre mine, which operated from 1903
to 1938, and was reported to have produced a total of 353,000 ounces of gold and 67.4 million ounces of
silver from 1.87 million tonnes averaging 7.54 g/t gold and 1,308 g/t silver (Steven D. Craig, B.A., M.Sc.,
P. Geo. 2012). Oceanus' drilling has intersected similar-style gold-silver mineralization in the El Tigre
formation at the Protectora, Caleigh and Fundadora areas to the north of the old mine as well as to the
south, past Gold Hill.
Qualified Person
David R. Duncan, P. Geo, Vice President, Exploration of the Company, is the qualified person for
Oceanus as defined under NI 43-101. Mr. Duncan has reviewed and approved the scientific and technical
information in this news release.
About Oceanus Resources Corporation
Oceanus Resources Corporation is a gold exploration and development company operating in Mexico,
with 100% ownership of the 35-kilometre-long, royalty free El Tigre property located in Sonora. A maiden
resource estimate for the El Tigre project was reported on September 13, 2017 and filed on SEDAR on
October 26, 2017 containing indicated resources of 661,000 gold equivalent ounces at 0.77 g/t (21 g/t
silver and 0.51 g/t gold) and inferred resources of 341,000 gold equivalent ounces at 1.59 g/t (88 g/t silver
and 0.52 g/t gold). The full National Instrument 43-101 technical report is posted to the Company's
website, and can also be accessed by clicking here. Oceanus is managed by a team of mine finders with
extensive experience exploring and developing large hydrothermal gold projects in Mexico. Oceanus is
currently exploring the El Tigre Property in the Sierra Madre Occidental.
CAUTIONARY STATEMENT:
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. This News Release includes certain "forward-looking statements". All statements other than
statements of historical fact included in this release, including, without limitation, statements regarding
potential mineralization, resources and reserves, the ability to convert inferred resources to indicated
resources, the ability to complete future drilling programs and infill sampling, the ability to extend resource
blocks, the similarity of mineralization at El Tigre to the Ocampo mine, exploration results, and future
plans and objectives of Oceanus, are forward-looking statements that involve various risks and
uncertainties. Forward-looking statements are frequently characterized by words such as "may", "is
expected to", "anticipates", "estimates", "intends", "plans", "projection", "could", "vision", "goals",
"objective" and "outlook" and other similar words. Although Oceanus believes the expectations expressed
in such forward-looking statements are based on reasonable assumptions, there can be no assurance
that such statements will prove to be accurate and actual results and future events could differ materially
from those anticipated in such statements. Important factors that could cause actual results to differ
materially from Oceanus's expectations include risks and uncertainties related to exploration,
development, operations, commodity prices and global financial volatility, risk and uncertainties of
operating in a foreign jurisdiction as well as additional risks described from time to time in the filings made
by Oceanus with securities regulators.
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SOURCE Oceanus Resources Corporation
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For further information: Tania Shaw, Vice President, Investor Relations, 416 419 2750,
CO: Oceanus Resources Corporation
CNW 07:00e 14-MAY-18