|By Marketwired .||
|May 14, 2014 09:04 AM EDT|
TORONTO, ONTARIO -- (Marketwired) -- 05/14/14 -- Black Widow Resources Inc. (TSX VENTURE: BWR) ("Black Widow" or the "Company") is pleased to announce that it has completed a diamond - drilling program on its Shunsby Property (the "Property"). The Property consists of 20 contiguous crown patent claims ("patents") comprising 314.43 hectares of mineral and surface rights, located in central Cunningham Township, southwest of Timmins, and northwest of Sudbury. The initial diamond drilling contract consisted of 750 meters, in 6 holes, drilling was completed over the course of 11 days by Chenier Drilling of Sudbury Ontario, under the supervision of James Burns, P.Eng.
"Black Widow is excited about completing its first ever diamond drilling program on its zinc / copper Shunsby property. Historical drilling by the likes of Consolidated Mining Corporation (Cominco), Teck Exploration, Placer Exploration and Phelps Dodge have identified numerous zinc, copper and lead sulphide occurrences in what has recently been interpreted as a very large, somewhat chaotic stringer zone, typically found stratigraphically below and proximal to a volcanic hosted massive sulphide deposit. The recent program was designed specifically to confirm the tenure of mineralization in several key historical holes, with an aim to including these results in future assessments of resource potential." - Mr. Neil Novak, President and CEO of Black Widow Resources Inc.
As per a press release dated October 15, 2013, the Company received a National Instrument 43-101 report on this property last September. The report entitled "Technical Report on the Shunsby Base Metal Property, Cunningham Township, Ontario, for Black Widow Resources Inc." by Paul Sobie, P.Geo. of MPH Consulting Ltd., of Toronto Ontario dated September 30, 2013, hereinafter referred to as the "Shunsby Report", was filed on http://www.sedar.ca and is also available on the Company's website www.blackwidowresources.com.
Details of this base metal potential are outlined in the technical report. In summary, the Property has seen much exploration work covering the period 1904 to as recent as 1994. Over 90 years of exploration records have been accessed and reviewed. These records include 214 diamond drill holes totaling in excess of 23 kilometers of drilling, all of which was recently digitized and entered into a property wide database. The historical drilling by different operators is summarized in the Shunsby Report. It was the intent of Black Widow to twin some of these historic drill holes to determine their relevance in incorporating results into an eventual resource evaluation. To this effect, a short diamond-drilling program was proposed and has been completed consisting of 6 holes totaling 750 meters. The logging and visual observations of mineralized intercepts of the new holes appear to be fairly consistent with the results of historical drilling. Geological observations suggest a very long lived subaqueous volcanogenic event, with numerous episodes of explosive activity followed by periods of quiescence and accumulation of zinc, copper, lead and iron sulphide mineralization. Once assays are received, the Company will provide comparative assay of current holes with respect to historical holes. All samples from this program have been submitted to Actlabs' facility in Sudbury for multi-element analysis, and over-limits will be re-analyzed as needed using assay techniques for higher grade material. Analytical results on a per hole basis will be issued upon receipt of complete results from the lab.
Mr. James G. Burns, P.Eng. is the onsite Qualified Person, overseeing the drill program. Mr. Burns reports directly to Mr. Neil Novak, P.Geo., President of Black Widow Resources Inc.. Both are registered as Qualified Person ("QP") in the Province of Ontario, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and Form 43-101F1 Technical Report and Related Consequential Amendments, Mr. Novak has reviewed and approved the technical content of this press release.
About Black Widow Resources
Black Widow is a public company, quoted for trading on the TSX.V under the symbol "BWR", with exploration projects in Northern Ontario, Canada, focused on exploring for base and precious metals. Management of Black Widow includes an accomplished group of exploration/mining specialists with many decades of operational experience in the junior resource sector. There are currently 24,272,769 shares issued in Black Widow.
Neither the Toronto 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.