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Sparton
Resources Inc. (TSX VENTURE:SRI) (the "Company") announced today
that is has completed a compilation of all previous drilling results
combined with the seven hole drill program completed last May at
its 100% owned SBD Gold Project in the prolific Battle Mountain
Gold Area of Nevada, USA.
The
new results have been integrated with the previously generated
data available for the property and clearly indicate that the South
Zone mineralization represents the extension of the West Zone,
offset to the east, and down dropped approximately 50 metres vertically
by prominent east - west fault.
Additionally,
the new mineralization located in hole 07-07 (see news release
dated June 13 , 2007) which tested a geophysical anomaly, appears
to be the southern extension of the North Gold Zone, offset by
the same fault structure. This new area also hosts several strong
geophysical targets that require testing.
All
drill holes on the property were entered into the GEMCOM mine planning
computer program and plotted on a series of cross sections. The
section to section correlation from south to north through holes
drilled in the South and West Zones indicates that the projected
strike and depth extensions of the wide zone of gold mineralization
in the South Zone (15 to 33 metres wide in holes 07-05, 07-06,
19-93 etc) has never been intersected by past drilling along a
700 metre distance between the two zones.
Most
of the previous holes drilled were actually completed above the
projected extensions of the zones. As well, many past holes drilled
in both zones were not oriented to properly cross the mineralization
which, base on the new compilation dips westwards. The 700 metre
gap in the effective drill pattern will be tested in a new 4000
metre drilling program planned for early 2008 at SBD. Subject to
availability, core drilling will be the preferred technique for
the new work in order to properly establish correlations in the
various mineralized rock units.
Additional
holes are also planned to test the southward extension of the North
Zone and extend the new mineralization located in Hole 07-07 as
well as test other geophysical targets on the 29 claim (240ha)
SBD Property.
A
series of cross sections and plan map illustrating the interpretation
will be posted shortly on the Company Website www.spartonres.ca.
For
reference, the tenor of mineralization at SBD is very similar to
the historical reported grades for the past and current production
from the nearby Trenton Canyon (Newmont) and Marigold (Barrick)
Mines, which average about 1.13 g/t and 0.90 g/t respectively
and SBD is strategically located in the heart of an area hosting
over 16 million ounces of known gold mineralization.
DISCUSSION
This
interpretation of the compiled data has confirmed the Company belief
that much of the previous drilling done at SBD was not effective
in actually developing a gold resource on the property. Assembling
data from four different operators and four drill programs into
a coherent picture involved challenges of properly locating drill
hole coordinates and interpreting geologic data from several
sources. Now that the apparent geometry and position of the zones
has been established the new drilling work will be designed to
identify overall size and gold grade distribution in the known
zones and further explore the new area identified in Hole 07-07.
Sparton's
international exploration and evaluation programs are being carried
out under the direct supervision of A. Lee Barker, P. Eng., P Geol.,
the Company's President and CEO who is a Qualified Person under
National Instrument 43-101. |
