NEW YORK--(BUSINESS WIRE)--Standard & Poor’s announced today that it has commenced Factual Stock Report coverage Supreme Resources, Ltd.
Supreme Resources Ltd. (TXV: SPR, OTC: SPRWF) is a junior exploration company exploring base and precious metals properties located in producing mining districts of British Columbia, Canada. The company is in developmental stage as all projects are at the exploration stage.
The company is exploring the TAS & Verde projects located in the Copper Mountain Mining Camp, 17 kilometers south of Princeton, British Columbia, Canada.
In August 2010, Supreme Resources commenced a summer and fall work program including core drilling on its TAS and Verde properties.
The claim adjoins Copper Mountain Mining Corporation’s property on its southeastern boundary. According to Supreme Resources, the TAS project contains favorable geolgy, several copper occurrences and three exploration target areas, which are high-priority porphyry copper (silver-gold) targets for further exploration.
In November 2010, Supreme Resources announced the completion of the drilling programs on its TAS and Verde projects, both located in the Copper Mountain Mining Camp.
In late January 2011, Supreme Resources reported that assays results were imminent from four diamond drill holes completed on the TAS project. The company also announced the completion of eight drill holes (V1001-V1008) at the Verde project. 1.23% copper and 132 grams/tonne silver values were reported from the 2010 Verde drill program. The 2010 drill results from TAS Project confirmed the presence of copper-silver mineralization within the Copper Mountain Main Trend.
The company is presently planning a spring summer exploration and drilling program to determine the extent of the copper mineralization on the TAS property and Verde properties. Supreme will also be testing a number of high priority Titan-24 chargeability anomalies during this drilling program.
On the Ample Gold Max property located 8 kms west of Lillooet, BC; Supreme Resources is currently conducting a Soil Geochemical Survey in preparation for a spring/summer drilling program in new areas of interest in the vicinity of a newly discovered quartz vein and several adits.
Previously sampled Ample Gold Max quartz veins returned gold values of up to 66.34 grams /tonne (2.13 ounces gold / tonne).
Past drilling results on the Ample Gold Max completed by Homestake and Gold Ore include an 8.2m intersection with 11.76g/t gold, 4.5g/t Au over 7.2m, 9.5g/t Au over 1.5m, and 3.9g/t Au over 5.0 meters.
Supreme’s 2008 drilling results returned an intersection of 6.60 g/t Au over 7.09 meters
The Ample-Goldmax Property has an established trend of mineralized zones along the Cayoosh Creek Fault for more than 3 kms.
The company’s Law’s Camp properties located northwest of Princeton B.C covering approximately 355 hectares (3.5 sq km) was explored by C. Law and the Similkameen Mining and Smelting Company between 1903 and 1913. A total of 27 tonnes were mined by C. Law in 1916, grading 34 g/t gold, 533 g/t silver and 0.394 % copper.
Supreme now controls the majority of the properties that comprised the historical Law’s Mining Camp.
An exploration program is being planned and will be announced in the future.
S&P Factual Stock Report coverage Supreme Resources, Ltd. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.supremeresourcesltd.com for additional information.
About Standard & Poor's Factual Stock Reports
This Standard & Poor’s service provides factual research coverage enabling information about Supreme Resources, Ltd. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
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