|By Marketwired .||
|July 25, 2014 08:30 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/25/14 -- Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") has outlined a high priority drill target on its Frazier Creek Property, Nevada. Detailed mapping of the intensely silicified and hydrothermally dolomitized limestone that extends over a 1.8 km x 0.8 km area confirmed the mineralization system to be near vertical and not disrupted by extensional faulting. The previously reported widespread anomalous copper and molybdenum values were confirmed.
The drill target outlined at Frazier Creek adds to the two drill targets identified by Savant on its Buckhorn Property, located in Arizona. With the confirmatory surface work completed, permitting is now underway to carry out an initial drill program later this year.
The work completed by Savant at Frazier Creek was part of an initial field exploration program on its portfolio of three copper porphyry properties in the Southwest U.S. that also included an Induced Polarization (I.P.) survey on the Buckhorn property and a CSAMT geophysical survey on the Jasper Canyon property, both located in Arizona.
Mapping and sampling programs on the Frazier Creek property confirmed that areas of strongest copper and molybdenum mineralization are associated with intense silicification and narrow sulphide-mineralized structures within a pervasive fine stockwork of quartz veining. Selected grab samples collected from these structures contained values ranging from 1.1% Cu to over 3.0% Cu. The presence of anomalous copper and molybdenum and intense silicification and dolomitization strongly suggests this large area is the "lithocap" to a buried copper - molybdenum bearing porphyry deposit lying within a few hundred metres of surface. Mount Hope, one of the largest and highest grade molybdenum-copper deposits in the Americas, is located eight kilometres to the south of the property. A plan map of the geology and a hypothetical cross section are available at www.savantexplorations.com.
As previously reported (see Savant`s news release dated June 17, 2014), an I.P. survey on the Buckhorn property outlined two chargeability anomalies that warrant drill testing. One of the anomalies coincides directly with an exploration target that was established by the presence of key surface indicators of porphyry copper mineralization - this coincidence suggests that the anomaly may be related to a buried copper porphyry body. A plan map showing the I.P. results and a fence diagram of the IP chargeability section with superimposed geology can be found at www.savantexplorations.com. In response to the survey results, Savant expanded the size of the Buckhorn property by staking additional claims to cover the western extension of the IP anomaly.
At Jasper Canyon, a CSAMT survey completed over the property showed the post mineral cover is between 500 and 800 metres thick. Beneath the post mineral cover the basement lithologies are highly resistive and show no indication of a porphyry copper system being present. The lack of a bona fide anomaly makes the property a very high risk exploration target. Savant does not plan further work at Jasper Canyon and will return the property to its owner. Details of the CSAMT survey can be found at www.savantexplorations.com.
The Buckhorn Creek, Jasper Canyon, and Frazier Creek properties were acquired under option from Eurasian Minerals Inc. through its wholly owned subsidiary Bronco Creek Exploration. (See the company's news release dated Oct. 30, 2013.)
A major part of Savant's new copper exploration strategy for the Southwest U.S. is to identify new high-priority copper targets to advance Savant's growth strategy in the region. Savant's management team continues working through the extensive database of geological, structural, geochemical and historical exploration work available for the Southwest U.S. copper belts. Earlier in the year, Savant's technical team identified more than 20 areas of interest and field evaluation of these targets is underway.
Savant is an exploration and discovery stage company focused on generating and exploring high quality precious and base metal properties in stable jurisdictions. Savant has recently initiated a new exploration and discovery strategy in Southwest United States with the acquisition of the Buckhorn, Jasper Canyon, and Frazier Creek properties. Savant's other properties and assets are 100% owned with combined annual holding costs of approximately $30,000. Savant also owns three other high-quality properties, Yuby-Gabriela, Blue Moon and Yava that Savant's management is seeking to monetize for maximum value to Savant and its shareholders.
John McClintock, P. Eng. CEO of Savant is the Qualified Person, as defined by National Instrument 43-101, responsible for the technical data in this news release.
More information on the Company's activities is available at the Company's web site at www.savantexplorations.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 news release contains forward-looking statements. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to obtain necessary regulatory approvals, the failure to reach agreement on final documentation, exploration results and other risk factors that are beyond Savant's control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
Cloud services are the newest tool in the arsenal of IT products in the market today. These cloud services integrate process and tools. In order to use these products effectively, organizations must have a good understanding of themselves and their business requirements. In his session at 15th Cloud Expo, Brian Lewis, Principal Architect at Verizon Cloud, outlined key areas of organizational focus, and how to formalize an actionable plan when migrating applications and internal services to the ...
Jan. 25, 2015 10:15 AM EST Reads: 1,972
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 10:15 AM EST Reads: 2,032
SYS-CON Media announced today that PagerDuty has launched a popular blog feed on DevOps Journal. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done.
Jan. 25, 2015 10:00 AM EST Reads: 1,270
“We are a managed services company. We have taken the key aspects of the cloud and the purposed data center and merged the two together and launched the Purposed Cloud about 18–24 months ago," explained Chetan Patwardhan, CEO of Stratogent, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 10:00 AM EST Reads: 1,780
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize sup...
Jan. 25, 2015 10:00 AM EST Reads: 2,755
Vormetric on Wednesday announced the results of its 2015 Insider Threat Report (ITR), conducted online on their behalf by Harris Poll and in conjunction with analyst firm Ovum in fall 2014 among 818 IT decision makers in various countries, including 408 in the United States. The report details striking findings around how U.S. and international enterprises perceive security threats, the types of employees considered most dangerous, environments at the greatest risk for data loss and the steps or...
Jan. 25, 2015 10:00 AM EST Reads: 1,378
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 10:00 AM EST Reads: 2,082
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
Jan. 25, 2015 10:00 AM EST Reads: 1,453
"Verizon Digital Media Services is responsible for the broadcast, video and content delivery network that accelerates, scales and helps our customers reach end users with all kinds of video and web content," stated James Segil, CMO of Verizon Digital Media Services, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 10:00 AM EST Reads: 1,839
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
Jan. 25, 2015 10:00 AM EST Reads: 2,464
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session a...
Jan. 25, 2015 10:00 AM EST Reads: 1,971
The speed of product development has increased massively in the past 10 years. At the same time our formal secure development and SDL methodologies have fallen behind. This forces product developers to choose between rapid release times and security. In his session at DevOps Summit, Michael Murray, Director of Cyber Security Consulting and Assessment at GE Healthcare, examined the problems and presented some solutions for moving security into the DevOps lifecycle to ensure that we get fast AND ...
Jan. 25, 2015 10:00 AM EST Reads: 2,142
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Jan. 25, 2015 10:00 AM EST Reads: 2,654
“We are strong believers in the DevOps movement and our staff has been doing DevOps for large enterprise environments for a number of years. The solution that we build is intended to allow DevOps teams to do security at the speed of DevOps," explained Justin Lundy, Founder & CTO of Evident.io, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 09:30 AM EST Reads: 1,785
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
Jan. 25, 2015 09:30 AM EST Reads: 1,363