First Pursuit Commences Drilling on La Tuna, Sonora Mexico
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VANCOUVER, BRITISH COLUMBIA, Nov 12 (MARKET WIRE) --
First Pursuit Ventures Ltd. ("First Pursuit" or the "Company") (NEX:
FPV.H) is pleased to report that drilling commenced at it's La Tuna
copper-gold property located 50 kilometers northeast of Obregon in
Sonora, Mexico. Bulldozer work was completed earlier this season to open
existing access roads and create drill sites. A Reverse Circulation drill
rig was recently contracted and mobilized to the site. Plans are to drill
approximately 1200 meters in at least 4 holes as an initial test of the
outcropping copper-gold mineralization and coincident geophysical IP
chargeability anomaly. Geological mapping and further rock chip sampling
is also underway to augment the drill program.
The La Tuna prospect consists of porphyry-style copper-gold
mineralization hosted within a probable Laramide-age intrusive complex of
diorite-granodiorite that is partly overlain by Tertiary volcanic rocks
of the Sierra Madre belt. Mineralization consists of chalcopyrite, with
minor copper oxides in weathered outcrops. The mineralization is
disseminated and occurs in fractures, quartz veinlets and quartz matrix
breccias. Associated alteration includes classic porphyry copper style
widespread propylitic chlorite-epidote-magnetite, and localized phyllic
quartz-sericite-pyrite alteration envelopes around quartz veins.
Mineralization is exposed in numerous outcrops within a kilometer square
area. The exploration target is a porphyry-style open pit, multi-element
copper-gold-silver deposit.
Previous rock chip samples (channel and grab) from La Tuna returned
values ranging from 0.05 to 1.51% copper and from 0.0 to 18.6 grams per
tonne gold. Silver values are also elevated (1.8 to 87.2 grams per
tonne). These samples were analyzed at ALS Chemex in North Vancouver by
Fire Assay and ICP techniques. The Company considers the results highly
significant but also cautions that they are preliminary in nature and not
conclusive evidence of the likelihood of the occurrence of an economic
mineral deposit.
The initial round of drilling will test the exposed mineralization and a
geophysical anomaly that coincides with the mineralization. An Induced
Polarization / Resistivity survey conducted earlier this year revealed a
high chargeability over about two thirds of the 1km square grid area. The
anomaly trends northeast and extends to the limits of the grid and to 250
meters at depth. It is interpreted to reflect disseminated sulphide
mineralization that extends to depth and off the grid in two directions.
Additional drilling may be done if the initial holes return favourable
results.
Reconnaissance prospecting has also located more mineral occurrences on
the La Tuna property that have yet to be mapped and sampled. Furthermore,
the Company is actively engaged in property examinations elsewhere in
northwestern Mexico to identify additional mineral properties of merit.
Dr. Matt Ball, P.Geo. is the Qualified Person who prepared the technical
information contained in this news release.
ON BEHALF OF FIRST PURSUIT VENTURES LTD.
Terry Fields, President and Director
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.
Contacts:
First Pursuit Ventures Ltd.
Investor Relations
604-682-2928
604-685-6905 (FAX)
Copyright 2009, Market Wire, All rights reserved.
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