International Samuel Exploration Corp. Acquires Harry Davis and Silver Spade Projects near Houston, BC
888-700 West Georgia Street Vancouver B.C. V7Y 1G5
International Samuel Exploration Corp. Acquires Harry Davis and Silver Spade Projects near Houston, BC
November 23, 2017: Vancouver, BC Canada - International Samuel Exploration Corp. (TSX-V: ISS) (the “Company”) is pleased to announce that it has acquired the Harry Davis and Silver Spade Projects near Houston, BC (the “Projects”).
Highlights:
- Positions International Samuel Exploration Corp. in an historic silver-focused exploration district
enhanced by a recent discovery announced by New Nadina Explorations.
- Delivers multiple mineral showings through the Harry Davis project in close proximity to
infrastructure and access provided by the town of Houston, British Columbia.
- Newly acquired Silver Spade project is adjacent to tenure held by Teck Resources and Roughrider
Exploration.
“The Harry Davis and Silver Spade properties provide the Company’s shareholders with immediate exposure to an emerging silver exploration district attracting significant market interest. Together, they offer International Samuel Exploration near-term exploration opportunities with defined targets. Our extensive work this past summer to consolidate a significant Golden Triangle tenure portfolio, including the LGM Gold Project, will form the foundation for our 2018 exploration activities, which can now be complemented by the year-round access afforded through these new exploration properties,” stated Conrad Swanson, Chairman of the Company.
About the Harry Davis Project
The Harry Davis Project (“Harry Davis”) consists of two non-contiguous mineral claims totalling 94.06 hectares acres. The project tenure is underlain by Lower Jurassic Hazelton Group volcanics (Telkwa Formation), which is in turn comprised of a sequence of amygdaloidal basalt, maroon to green andesite, tuff, rhyolitic tuff, crystal tuff, lithic tuff and breccia. Bedrock exposures consist of dark brown basalt with minor breccia and maroon dacitic tuff breccias which have undergone regional metamorphism (see MIN FILE No 093L 204).
The project covers two historic mineral showings, being the Westgarde and Harry Davis showings.
The Westgarde showing consists of mineralization in basalt near the Westgarde excavation. Chip samples over 44 metres in 1970 assayed 0.96 per cent copper and 113 grams per tonne silver (see MIN FILE No 093L 204).
The Harry Davis showing is a silver-gold-copper subvolcanic exploration target. Quartz-calcite and quartz veins occur along shear planes and fractures with associated epidote and chlorite. Malachite, azurite and bornite are reported as occurring in the fractured Hazelton andesite (see MIN FILE No 093L 214).
About the Silver Spade Project
The Silver Spade Project (“Silver Spade”) consists of one mineral claim comprising approximately 263.86 hectares acres and is located 8 km south of Houston, BC. The project is situated roughly equidistance between the New Nadina discovery and the past-producing Silver Equity mine, being 30 km due north of the New Nadina and approximately 36 km northwest of the former Equity Silver Mine. The Silver Spade Project shares a contiguous property border with Teck Resources Ltd. along its western claim border and with the recently announced Silver Ace Project (“Silver Ace”) acquired by Roughrider Exploration Limited (“Roughrider Exploration”) (see Roughrider Exploration news release dated November 16, 2017) alongside the south and east claim boundaries of the property.
Exploration Plans and Terms
Reflecting market interest in the area, the Company intends to evaluate near-term silver and copper focused exploration programs at the Silver Spade and Harry Davis projects.
The Company acquired the projects in exchange for the cash payment of certain tenure acquisition fees and the granting of a 2% gross royalty. No finders fees are payable.
Qualified Person
Technical disclosure in this news release has been reviewed and approved by Derrick Strickland P.Geo., a Qualified Person as defined by National Instrument 43-101.
The technical information present above is historical in nature from previous operators and locations of the known showing have not been verified by ISS. The MIN FILE database reports that both of these showings have an error +/- 500 m which may place them off the current claims configuration.
ON BEHALF OF THE BOARD OF DIRECTORS
“Conrad Swanson”
Conrad Swanson Chairman
For further information, please contact:
International Samuel Exploration Corp.
Telephone: 604-317-3090
Neither the 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.
Forward-looking information
Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance, as described in the above news release. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.