Secova Completes UAV-MAG(TM) Survey at the Duvay/Chenier and Better Defines Drill Targets
Secova Completes UAV-MAG(TM) Survey at the Duvay/Chenier and Better Defines Drill Targets
Momentum Public Relations
Press Release: July 26, 2017
Vancouver, British Columbia–(Newsfile Corp. – July 26, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) is pleased to announce the completion of a UAV-MAGTM Survey flown by Pioneer Aerial on the Duvay/Chenier project (“Duvay”), located 15 km northeast of Amos, Quebec. The Company would also like to provide its investors, stakeholders and the public with additional details on the Duvay drilling program.
Pioneer Aerial Completes High-Resolution UAV-MAGTM Survey
The Company flew seven discrete survey blocks over priority areas to obtain high-resolution magnetic data. The data collected is currently being processed but preliminary data is already being utilized for the ongoing drill program. The detailed magnetic information will be integrated with existing information to further define structures which may host mineralization. Additionally, the information will be used to more precisely locate planned drill holes testing magnetic and structural targets on the Lake Obalski area of the Duvay/Chenier project in the current drilling campaign.
The high-resolution UAV-MAGTM survey was performed from July 6th – 14th and consists of 662 tightly spaced line kilometers in seven survey blocks representing priority areas of the property requiring detailed magnetic data. The survey measures the total magnetic intensity (TMI) with GPS readings at every 0.1 second (1 m) using an unmanned aerial vehicle (UAV). The plotted total magnetic values were corrected for diurnal variations using readings taken every 6 seconds by a synchronized local base station. Line spacing was 20 m with 150 m spaced tie lines. Final results are currently being processed and are expected within 10 days, and the Company is confident that further, previously untested areas on the Duvay/Chenier claims will provide further drilling targets for subsequent drill programs.
Duvay Exploration and Drilling Program
Phase 1 of the drilling program has commenced with drill and forest use permits having been received for the proposed work. The Phase 1 program comprises 3,500 metres of drilling targeting the high-priority Duvay Zone Principal, and extending northwest along the main Duvay Shear to exploration targets near Lake Obalski.. The Company plans prospecting, mapping, sampling and other surface work on additional targets within the property simultaneous with the drilling. Prospecting, mapping, and field inspection has commenced to define the most promising new targets for drilling.
A second phase of the exploration program has been recommended to follow the initial drill program, consisting of additional drilling (including large diameter drill holes) and bulk sampling, depending on the results of the first phase.
Harrison Cookenboo, Ph.D., P.Geo., APEGBC, NAPEG, APEGS, OGQ., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-558-5397
info@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Commences Phase 1 Drilling Program at the Duvay/Chenier
Secova Commences Phase 1 Drilling Program at the Duvay/Chenier
Momentum Public Relations
Press Release: July 19, 2017
Vancouver, British Columbia–(Newsfile Corp. – July 19, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) is pleased to announce that drill permits have all been received, and now commences the Company’s first drill program on the Duvay/Chenier Property (the “Property”), located 15 kms northeast of Amos, Quebec.
The Duvay/Chenier Project covers nearly 8,000 hectares, including more than a dozen historical gold showings. The most advanced of the showings are at Duvay, where more than 350 drill holes, a 96 m mine shaft, 275 m of underground workings, and more than 3,200 tonnes of bulk sampling has been reported since discovery in the 1930’s, as described in numerous assessment reports filed with the Quebec government. Gold occurs at Duvay in locally rich surface samples and drill intervals (e.g. 402 grams per tonne (g/t) gold over 0.36 m, 76.8 g/t gold over 0.46 m, 83.194 g/t gold over 1.0 m and 27.17 g/t gold over 1.14 m) along a regionally significant shear zone (the Duvay main shear) that extends for 2 km to the northwest to Lake Obalski, and for 4 km to the southeast to the Standard Gold Mine shaft (off the Property).
Secova’s Chairman and CEO Mr. Brad Kitchen commented, “The Company has worked hard to build the first 3D model of the Duvay gold mineralization that incorporates the extensive historic information and new exploration data. From this 3D model, we have now developed a systematic and robust exploration plan that takes into consideration all the various aspects of Duvay. Phase 1 will consist primarily of drilling identified zones of mineralization and various structural anomalies. Concurrent with this drilling, data from new ground and airborne exploration will enable Phase 2 to commence almost immediately after completion of this first drill program.“
1) Known gold bearing structures and quartz veins at the Duvay Zone Principal
A majority of the richest gold intervals intercepted historically at Duvay are hosted in quartz veins associated with the northeast trending faults extending from the main shear. These historic results include the drill intersection of 83.194 g/t gold over 1.0 m (50.0 to 51.0 m depth) comprising visible gold from a sub-horizontal quartz vein 0.5 m thick. These gold occurrences associated with northeast trending faults and their host quartz veins will be the target of drilling within the Duvay Zone Principal. Phase 1 Plan: 10 drill holes for 1250 m total.
2) New geophysical anomalies interpreted from Secova’s proprietary 3D Power IP ground survey
Secova contracted Abitibi Geophysics to conduct their innovative and effective IPower-3D ground geophysical survey, which identified a strong chargeability anomaly 300 to 400 metres north of the main Duvay shear. This anomaly is the most significant of the 6 cigar-shaped tubes which this IPower-3D program identified. The anomaly will be the target of priority drill holes in this area seeking to extend Duvay mineralization to the north. Phase 1 Plan: 5 drill holes for 1250 m total.
3) Untested, coincident magnetic and electromagnetic targets associated with the extension of the main Duvay shear zone towards Lake Obalski.
The previously untested magnetic and electromagnetic anomalies were originally identified from an airborne geophysical survey flown by helicopter in 2012 and confirmed by ground magnetics later that same year. These targets are also associated with northeast trending faults, as interpreted from the magnetics, and are covered by recent sediments. Phase 1 Plan: 6 drill holes for 1000 m total.
New high-resolution airborne magnetic survey
Secova has commenced high-resolution airborne magnetic surveys over selected priority targets outside the main Duvay mineralization area. These priority targets include planned drill targets near Lake Obalski, as well as new exploration areas where further ground work will commence this summer. Magnetic sensors for these high-resolution surveys are being flown by drone aircraft, at low altitudes and tight line spacings (20 m) to give the maximum resolution. Pioneer Aerial Surveys Ltd. of Regina, Saskatchewan, has been contracted to fly approximately 700 line kilometres of drone surveys. The surveys are expected to allow detailed interpretation of structures and magnetic anomalies to assist in identifying the most favourable location for follow-up drilling this year.
Tres-Or Resources Ltd., the underlying property owner, is operating the field program at Duvay.
The Company is also pleased to announce it has granted 14,300,000 stock options to certain directors, officers and consultants of the Company. The stock options have an exercise price of $0.05 per common share under the terms of the Company’s Stock Option Plan.
Harrison Cookenboo, Ph.D., P.Geo., APEGBC, NAPEG, APEGS, OGQ., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-558-5397
info@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Metals Conducting Phase 1 Exploration Program at the Eagle River Project in the Windfall Lake Gold District
Secova Metals Conducting Phase 1 Exploration Program at the Eagle River Project in the Windfall Lake Gold District
Momentum Public Relations
Press Release: July 6, 2017
Vancouver, British Columbia–(Newsfile Corp. – July 6, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) announces that it has commenced its initial exploration program on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Eagle River Project in Quebec, Canada, which is located southeast of Osisko Mining’s Windfall Lake gold deposit and is adjacent to Bonterra Resources Gladiator project. The work started with a high-resolution helicopter borne VTEM™ (“Versatile Time Domain Electromagnetic”) Plus survey being flown by Geotech Ltd., of Aurora, Ontario.
Longford Exploration Services’ (“Longford”) geophysical consultants recently interpreted, from government regional electromagnetic (“EM”) surveys, several key areas with high concentrations of anomalies on a portion of the Eagle River project. The government survey covered 8540 hectares of the whole project. The Company quickly assembled Geotech’s crew to start and have already completed the VTEM™ Plus survey which consisted of a 940 line kilometre survey at 100m line spacing over a key area of the project.
Geotech’s field QA/QC procedures ensure that only the highest quality data is accepted. The project is currently in the Data Processing phase. The final processed survey data once received, will be interpreted along with existing geophysical data and priority targets will then be ground tested with applicable high-resolution ground geophysics, geological mapping and sampling to identify potential trenching and drill targets.
Secova Metal’s Eagle River Project — area shown where VTEM™ Plus has just completed the airborne survey
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4999/27807_a1499286896385_15.jpg
“We are very pleased to have commenced the Company’s exploration on its wholly-owned Eagle River project. The airborne VTEM™ Plus geophysical program will provide us with exciting information critical to defining quality drill targets. Geophysical, electromagnetic, magnetic and induced polarization techniques have proven to be important tools for exploring the Urban Barry area, specifically with the Windfall Lake gold project. This is Secova’s first step in evaluating the Eagle River project and a critical step in defining potential drill targets to test the anomalies.” stated Chairman & CEO Brad Kitchen.
About Geotech’s Proprietary VTEM™ Plus System
- VTEM™ system has the proven power, sensitivity and vertical resolution for mineralized targets ranging in size, massive sulphides to discrete disseminated sulphides, as well as has a depth of investigation of ~550m in this area.
- Low Base Frequency (30Hz) for penetration through conductive cover.
- This system is advertised to be able to delineate potential drill hole targets from the airborne results.
- The system is very well suited for the type of Au-bearing, sulphide mineralized stringer-stockwork and structurally controlled gold mineralization within this gold district.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-558-5397
info@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information.Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Metals Acquires Osisterra Project and Further Increases Its Land Position in Windfall Lake Gold District
Secova Metals Acquires Osisterra Project and Further Increases Its Land Position in Windfall Lake Gold District
Momentum Public Relations
Press Release: June 6, 2017
Vancouver, British Columbia–(Newsfile Corp. – June 6, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) is pleased to announce that the Company has acquired 1106541 B.C. Ltd., a private B.C. Company which sole asset is the Osisterra Project (“Osisterra”) that consists of 30 claims or 1,694 contiguous hectares, adjacent to it’s Eagle River project which is on-trend to the Windfall Lake, Urban Barry and the Gladiator gold projects.
This brings the Company’s total contiguous land position at Eagle River to 21,472 hectares making Secova one of the largest land holders in the district behind Osisko Mining. The Osisterra Project has had exploration on the property dating back to 1977 including mapping, airborne geophysical surveys and some drilling.
Secova’s Chairman and CEO, Brad Kitchen commented, “Secova has taken advantage of this opportunity to acquire the Osisterra claims that are directly adjacent to both the south of Osisko Mining’s Windfall Lake Camp, and to the west of Bonterra’s Gladiator project, hence its name, ‘Osisterra’. This parcel of land represents a critical piece of the puzzle for Secova and its extensive exploration plans for the Windfall Lake gold district. Management feels that this will be the Company’s last acquisition in this region before exploration commences on the Eagle River properties shortly. The Company has more than sufficient capital to accommodate its budget for the Duvay/Chenier drilling program as well as its initial Phase 1 exploration program at Eagle River.”
The acquisition is an arms-length transaction in which the Company will issue 10 million common shares by way of a share exchange agreement. The acquisition transaction contemplated herein are subject to final TSX Venture Exchange approval.
About Secova Metals Corp.
Secova Metals Corp. is a Canadian gold exploration company focused on building a strong asset base through exploration of undervalued gold projects in Canada. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Secova has the exclusive right and option to acquire from Tres-Or Resources Inc. (“Tres-Or”), an undivided 65{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} right, title and interest in the contiguous Duvay/Chenier Gold Projects. Secova can earn up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the property (an additional 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ownership) by funding a pre-feasibility study after the initial exploration expenditures to bring the property towards production. The Company has a total contiguous land package of 174 claims covering over 7,766 hectares (17,458 acres) of land. Duvay/Chenier is located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay/Chenier as well as seek other avenues of growth through acquisition and mergers. The Company also has 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ownership of the Eagle River project which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-506-7555
brad.kitchen@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Metals 50-million-share private placement
Secova Metals 50-million-share private placement
– Momentum Public Relations –
Press Release: March 30, 2017
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 22, 2017.
Number of shares: 50 million shares
Purchase price: five cents per share
Warrants: 50 million share purchase warrants to purchase 50 million shares
Warrant exercise price: eight cents for a two-year period
Number of placees: 142 placees
Insiders: P. Bradley Kitchen, 1.69 million shares; Morgan Good, 1.25 million shares
Finders’ fees: David Vincent receives 2,090,400 shares and 2,090,400 non-transferable warrants. Jonathan Williams receives $2,000 and 40,000 non-transferable warrants. Mark Turcotte receives $12,800 and 256,000 non-transferable warrants. Jean-David Moore receives $15,720 and 314,400 non-transferable warrants. Haywood Securities Inc. receives $6,000 and 120,000 non-transferable warrants. Canaccord Genuity Corp. receives $400 and 8,000 non-transferable warrants. Mackie Research Capital Corp. receives $400 and 8,000 non-transferable warrants. The warrants are exercisable for one share at a price of five cents for one year.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Mining, News Home, Secova Metals