VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 30, 2013) – International Samuel Exploration Corp. (TSX VENTURE:ISS) (the “Company”) is pleased to announce results from its 2012 exploration program on the company’s 100% owned, 32,164.59 hectare, Frog Property. The property is located approximately 170 kilometres east-southeast of Dease Lake, British Columbia.
The company undertook an extensive exploration program on the Frog Property consisting of a multi-phase and multi-disciplinary program including: regional reconnaissance, detailed prospecting of the eastern half of the claims block, talus slope sampling, detailed petrologic analysis of the outcrop and subcrop mineralization and fluid inclusion studies (results still pending).
The overall Frog Property geology, in the Stikine Mountain Range, is underlain by rocks of the Quesnel terrane that includes the mid-Triassic to lower-Jurassic Takla Group mafic volcanics and the mid-Triassic Lunar Creek ultramafic complex. The oldest lithologies in the region are Stikine terrane mixed metamorphosed greenstone and undivided sediments of the Asitka Group.
As a result of the collection of 544 widely spaced grab rock samples the company has identified three distinct areas of interest on the southern half of the Frog Property. The Forex and Whoa Prospects are 6 km by 4.6 km and 2.8 km by 1.5 km in size, respectively, see map below.
430 rock samples were collected on the Forex Prospect during the 2012 exploration program. The results of this work define a copper-silver-gold and overlapping molybdenum-rhenium with an aerial extent of 6 km by 4.6 km. The Forex Prospect is fault bounded on the east, west and south. Within the prospect, the main valleys are faulted with the south wall nearly vertical indicating uplift.
Based on preliminary observations there are two major rock types identified in the area. The first rock type, found along the ridge line of this prospect, is a biotite-hornfels-schist that is in contact with the granitoids beneath. The schist is strongly foliated with variable penetrative cleavages that show biotite and magnetite alteration and copper-iron sulphide mineralization, along with chalcopyrite and bornite that is inter-grown. The second rock type, the underlying granitoids are of variable compositions and display a complex history of multiple intrusions and range in composition from granites/granosyenites to syenodiorites with rare diorites, and are intensely jointed with fine penetrative cleavages.
The Forex Prospect, as well as the all the samples collected to date, display early overprinting by a magnetite. In general, the granitoid rocks of the Forex Prospect have been variably silica-clay flooded and shows variable magnetite-biotite-silica-iron and copper sulphides, which are found in miarolitic and other secondary cavities associated with mosaic clay flooding. The alteration and mineralization assemblages in the granitoids are also found in cleavages and joints. In the biotite hornfels schist this alteration and mineralization assemblage is found along foliation and cleavages/joints and can form discontinuous lenses.
Also seen in the Forex Prospect are abundant primary and secondary copper carbonates associated with the copper sulphides and separately such as malachite, azurite, chrysocolla and chalcanthite.
Of the 430 rock samples collected on the property, 101 of them returned copper values of 0.1% or higher. See table below for select assay results for the copper-silver-gold area. (copper values ranged from zero to 4.28%, silver values ranged zero to 66.3 ppm and the gold values ranges from zero to 0.4 ppm) Nine samples within the area returned copper values above 1% with gold grades ranging 0.5 to 4 g/t. Sample 129606 was a grab from talus and was strongly mineralized, containing 4.28% copper and 4 g/t gold.
|Select rock sample results from the Forex Prospect, Frog Property|
28 of the widely spaced samples on the Forex Prospect had elevated molybdenum from 101 ppm to 4270 ppm with an average of 724 ppm. The molybdenum appears to be associated with rhenium ranging from 0.04 ppm to 1.245 ppm with an average for the same 29 samples.
57 rock samples were collected on the Whoa Prospect in the 2012 exploration program. The Whoa Prospect is located directly west of Forex Prospect. The geology of the Whoa Prospect is similar to the Forex Prospect with one sample showing skarn style mineralization in the contact biotite hornfels schist (Sample 129355). The result of widely spaced grab samples the copper-silver anomaly was identified with an aerial extent of 2.8 km by 1.5 km (copper values ranged from zero to 0.612% and silver values ranged zero to 18.45 ppm). See table below for select assay results for the copper-silver area
Sample 12935 is a massive, black-grey rock, with medium green parallel thin banding (<2mm), and appears to be fresh quartzite with abundant mosaic silica outlined with epidote-clay. The weathered surfaces look like a gossan or lattice framework producing pseudo-gossan typical of silicified skarn. There is also a 1.5 cm thick well-brecciated cross-cutting vein of orange stained/impregnated clear grey quartz. Select assays results in table below.
|Select rock sample results from the Whoa Prospect, Frog Property|
In addition to the identification of prospects, the company undertook a property-wide helicopter supported aerial geological reconnaissance mapping, including gossan mapping. The company has only started to investigate a few of the known gossans at the Whoa and Forex Prospects.
All rock samples were transported to ALS Laboratory Group in North Vancouver and underwent an Ultratrace-trace 51 element Aqua Regia ICP analysis (ME-MS41). The subcrop and outcrop samples of this program were collected either from walking along the top of the ranges or the result of screen sampling along valley slopes.
Technical information in this news release has been reviewed by Derrick Strickland P.Geo., a qualified person as defined in NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
To view Forex and Whoa Prospects Map, please visit the following link: http://media3.marketwire.com/docs/iss130i.pdf
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.