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SEK Secova Metals Corp

0.05
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Secova Metals Corp TSXV:SEK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.05 0.05 0.055 0 01:00:00

Secova Metals Corp.: Drilling Begins at Gold Coin Arizona

10/05/2010 7:56pm

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Secova Metals Corp. (TSX VENTURE: SEK) is pleased to announce that diamond drilling is underway at the Gold Coin Arizona gold property.

Secova has initiated a diamond drill program which will total an estimated 2,000 metres; up to 10 holes are planned. Early drill holes will test the down dip extent and lateral continuity of the gold mineralization identified in the Double Eagle trenches, where continuous rock chip samples have yielded highlight gold results of 13.7 metres of 3.12 g/t gold, including 6.1 metres of 4.65 g/t gold. The Double Eagle trench is located within a north-westward trending soil + geophysical anomaly measuring about 1,000m long by 350m wide.

Michael Moore, President & CEO comments: "We are very pleased to have the opportunity to drill the Gold Coin targets. The property's first ever drill program will explore the sub-surface sources of the combined geochemical and geophysical anomalies."

Additional drill holes will focus on two other distinct anomalies. A second priority zone is centred about 350 metres east of the trenches, measures about 900m long by 250m wide and roughly parallels the Double Eagle anomaly. A third anomaly is the largest yet identified and is located within the north-central part of the property. This northern anomaly is loosely elliptical in shape and measures about 1,000 metres in an east-west direction with a width varying from 300 to 500 metres.

Secova has been granted three Arizona State mineral exploration licenses contiguous to the east side of original property limit. The Gold Coin property is now nearly double in size; increasing to 659.2 hectares (1,628.9 acres).

About Gold Coin, Arizona

Gold Coin is located in the Turquoise mining district, which is within a broad north-south mineral trend extending more than 100 kilometres from southeast Arizona, USA into Sonora, Mexico. The area includes two other well-known historical gold-copper-silver mining districts: Warren (Bisbee) and Tombstone.

Michael Moore, PGeo, is the qualified person who has reviewed the technical information contained in this news release on behalf of the company.

Further information is available on the company's website www.SecovaMetals.ca.

ON BEHALF OF THE BOARD

Michael Moore, President and CEO

Forward-Looking Statements: This Secova Metals News Release may contain certain "forward-looking" statements and information relating to Secova which are based on the beliefs of Secova management, as well as assumptions made by and information currently available to Secova management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

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.

Contacts: Secova Metals Corp. Michael Moore President and CEO 604 687 7178 or Toll Free: 800 398 5645 www.SecovaMetals.ca

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