Supreme Resources Ltd. Acquires Chalco Property
COQUITLAM, BRITISH COLUMBIA--(Marketwire - March 25, 2010) - Supreme Resources Ltd. (TSX VENTURE:SPR) wishes to announce that it has acquired by purchase and staking the Chalco property situated near Hayes Creek, approximately 10 kilometers east of Princeton BC. The claims lie adjacent to placer gold claims on Similkameen River and Hayes Creek.
Three claims were purchased from Steven Lawes; these cover a number of mineralized showings described as the Elaine showing (Minfile 092H SE-199), originally part of the Shamrock Group of showings, from which a small shipment of high grade copper was recorded in the past.
The claims are underlain by Upper \Triassic Nicola Group sediments, intruded on the east by intrusive rocks of the Early Jurassic Bromley batholith. Porphyry or skarn related copper mineralization occurs as malachite staining on rock faces and within a short adit. Values from selected samples (among others of lower value) taken by the property vendor are up to 12 % copper and 2.7 oz/ton silver. As selected samples these may not be representative of the average grade of the mineralization.
A 24 cell claim (Chalco East) was staked to cover the adjacent part of the Bromley batholith. A small work program of prospecting and mapping is suggested.