|By Marketwired .||
|July 30, 2014 07:09 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/30/14 -- Iron Creek Capital Corp. (TSX VENTURE: IRN) ("Iron Creek") is pleased to provide an update on Kinross Minera Chile Limitada's ("Kinross") exploration activities at Iron Creek's Las Pampas project in northern Chile.
Over the last three months, geological mapping by Kinross confirmed potential for Au-Ag veins along the Cerritos Trend and possibly Acarreos, and identified a new area of interest at the southern end of the property at Cerro Jarosita. Kinross also continued sampling activities started by Iron Creek and submitted samples to laboratories. Kinross plans to continue detailed geological mapping, trenching and rock chip sampling at Las Pampas, located to the south of Yamana Gold's (TSX: YRI) El Penon and Fortuna mines.
Kinross is a wholly owned subsidiary of Kinross Gold Corp. (TSX-TO: K) and has the sole and exclusive option and right to acquire up to a 75% undivided interest in Iron Creek's Las Pampas mining concessions located in northern Chile by complying with the terms and conditions set out in the Option Agreement (the "Agreement") signed in April 2014. Further details of the Agreement can be found in Iron Creek's news releases dated August 8, 2013 and April 14, 2014.
Update on Exploration Activities at Las Pampas
Since signing the Agreement Kinross has set up a field base out of the northern port city of Antofagasta in order to support field activities at Las Pampas. Some 3,200 soil/colluvial samples, previously collected by Iron Creek, were submitted to the ALS analytical laboratory in La Serena. These soil/colluvial samples were part of an infill programme covering an approximately 10Km x 2Km arsenic and antimony anomaly along the Cerritos Trend highlighted from previous regional sampling campaigns undertaken by Iron Creek. Further, over 400 soil/colluvial, rock chip and float samples collected by Kinross from the project area were also sent for geochemical analysis. Kinross has also completed detailed geological mapping campaigns over parts of the project area, using both in-house and consultant geologists, including an analysis of the structural framework and hydrothermal alteration patterns.
Preliminary results from the geological mapping to date have confirmed the importance of the Cerritos Sur, Cerritos Norte, Cerros Bayos series of low hills as having prospectivity for Au-Ag veins. The hills represent a series of small, uplifted fault blocks that lie along one of the principal geochemical anomalies within the project area - the "Cerritos Trend" - mostly defined by arsenic and antimony anomalies - two of the key pathfinder elements in epithermal, low sulphidation vein systems.
A key area previously identified by Iron Creek geologists showing a distinct consistency in the continuity of veins that appear to be of Epithermal Low Sulphidation to Intermediate Sulphidation type, coinciding with broad areas of vein float and the presence of hydrothermal breccias. Minor gold and silver drill intercepts were previously reported by Iron Creek in this area.
Continuous, narrow, sub-parallel quartz veins are present at Cerritos Norte, and wide drill intercepts of anomalous silver with sporadic gold were previously reported by Iron Creek from this area. Kinross concludes that more mapping is recommended to try and develop further potential.
Surficial sinter and/or chalcedonic silica replacement of volcano-sedimentary units at Cerros Bayos may be related to targets further to the east.
The Acarreos area is characterised by significant arsenic and lesser antimony soil/colluvial anomalies from previous work carried out by Iron Creek, together with several areas of quartz vein float, thought to indicate possible underlying vein potential.
Kinross geologists have noted gossanous jarosite-silica alteration associated with high arsenic anomalies. The alteration anomaly can be seen consistently in a narrow, elongate zone some 50m x1200m in size and which has been interpreted as the weathered expression of sulphide rich feeders.
Kinross geologists have carried out transects and more detailed mapping on 100m line spacing traversing the breadth of the Las Pampas concessions around the target areas identified by Iron Creek. A new area of interest has been discovered at Cerro Jarosita, at the southern end of the property.
This target area consists of a hydrothermal alteration footprint covering approximately 1.2Km x 0.3Km, displaying pervasive opaline silica replacements with associated iron-oxide boxworks and oxidized sulphide veinlets. Initial interpretations suggest the possibility of encountering the shallow exposure levels of epithermal veins.
Kinross plans to continue the detailed geological mapping already initiated, complemented by additional trenching and rock chip sampling of altered outcrops. A consultant geochemist will also be contracted to help interpret the voluminous geochemical data available for the project.
About Las Pampas Property
Iron Creek's 100% owned Las Pampas Property is an approximately 50,000 hectare land package located in an exceptional position along the highly prospective Palaeocene mineral belt in northern Chile. The property is centred along strike and approximately 35Km southwest of the multi-million ounce gold and silver mining district at El Penon and related deposits. Previous exploration activities by Iron Creek and its previous partners, including drilling, have returned excellent geological, geochemical and geophysical results indicative of low sulphidation epithermal bonanza precious metals veins - the main target type sought - together with evidence for possible disseminated precious metals targets and deep porphyry copper targets. Further details can be obtained from Iron Creek's website:
Dr. Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG), an independent consultant, is the Company's Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosures for Mineral Projects of the Canadian Securities Administrators, and has approved the written disclosure of the technical information contained in this news release.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based exploration company focused on the acquisition and exploration of world-class mineral systems in Chile. The Company has assembled a portfolio of exploration projects prospective for gold, silver and copper mineralization.
ON BEHALF OF THE BOARD
Timothy J. Beale, President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Iron Creek Capital Corp. Actual results may differ materially from those currently anticipated in such statement.
To view accompanying maps, visit the following link: http://media3.marketwire.com/docs/IRNNRJuly302014maps.pdf
SYS-CON Events announced today that Ciqada will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Ciqada™ makes it easy to connect your products to the Internet. By integrating key components - hardware, servers, dashboards, and mobile apps - into an easy-to-use, configurable system, your products can quickly and securely join the internet of things. With remote monitoring, control, and alert messaging capability, you will mee...
Apr. 27, 2015 04:00 PM EDT Reads: 1,934
The best mobile applications are augmented by dedicated servers, the Internet and Cloud services. Mobile developers should focus on one thing: writing the next socially disruptive viral app. Thanks to the cloud, they can focus on the overall solution, not the underlying plumbing. From iOS to Android and Windows, developers can leverage cloud services to create a common cross-platform backend to persist user settings, app data, broadcast notifications, run jobs, etc. This session provide...
Apr. 27, 2015 04:00 PM EDT Reads: 1,429
SYS-CON Events announced today that Column Technologies, a global technology solutions company, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a leader in application performance and infrastructure management for commercial and federal markets. The company is headquartered in the United States, with a diverse and talented team of more than 350 employees around th...
Apr. 27, 2015 04:00 PM EDT Reads: 1,807
There are lots of challenges in IoT around secure, scalable and business friendly infrastructure for enterprises. For large corporations, IoT implementations are one of the top priorities of the decade. All industries are seeing a competitive need to sustain by investing in IoT initiatives. The value addition comes from improved customer service, innovative product and additional revenue streams. The data from these IP-connected devices can be leveraged for a variety of business applica...
Apr. 27, 2015 04:00 PM EDT
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Apr. 27, 2015 04:00 PM EDT Reads: 2,515
WebRTC is an up-and-coming standard that enables real-time voice and video to be directly embedded into browsers making the browser a primary user interface for communications and collaboration. WebRTC runs in a number of browsers today and is currently supported in over a billion installed browsers globally, across a range of platform OS and devices. Today, organizations that choose to deploy WebRTC applications and use a host machine that supports audio through USB or Bluetooth can use Plantro...
Apr. 27, 2015 04:00 PM EDT Reads: 1,913
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable o...
Apr. 27, 2015 03:00 PM EDT Reads: 1,535
Chuck Piluso will present a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Speaker Bio: Prior to Data Storage Corporation (DSC), Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of ...
Apr. 27, 2015 03:00 PM EDT
Public Cloud IaaS started it's life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in ado...
Apr. 27, 2015 02:00 PM EDT Reads: 1,322
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) ap...
Apr. 27, 2015 02:00 PM EDT Reads: 1,579
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
Apr. 27, 2015 02:00 PM EDT Reads: 2,240
As enterprises move to all-IP networks and cloud-based applications, communications service providers (CSPs) – facing increased competition from over-the-top providers delivering content via the Internet and independently of CSPs – must be able to offer seamless cloud-based communication and collaboration solutions that can scale for small, midsize, and large enterprises, as well as public sector organizations, in order to keep and grow market share. The latest version of Oracle Communications U...
Apr. 27, 2015 01:30 PM EDT Reads: 4,429
ProfitBricks, the provider of painless cloud infrastructure IaaS, today released its SDK for Ruby, written against the company's new RESTful API. The new SDK joins ProfitBricks' previously announced support for the popular multi-cloud open-source Fog project. This new Ruby SDK, which exposes advanced functionality to take advantage of ProfitBricks' simplicity and productivity, aligns with ProfitBricks' mission to provide a painless way to automate infrastructure in the cloud. Ruby is a genera...
Apr. 27, 2015 01:00 PM EDT Reads: 1,085
Onset Technology, the creator of the OnPage App, is one of the local companies recognized as having enhanced the positive image of its organization through service to their customers and its community, while at the same time making the Waltham area a great place to live, work and play. Judit Sharon, Onset Technology CEO commented: "We are thankful for the recognition and very proud of our dedicated team and industry leading SaaS products. Knowing that Waltham is a globally recognized and high...
Apr. 27, 2015 12:46 PM EDT
Database apps on mobile devices shouldn't stop working when there's limited or no network connectivity. In his session at 16th Cloud Expo, Bradley Holt, a Developer Advocate for IBM Cloudant, will discuss how to bring data stored in a cloud database to the edge of the network (and back again), whenever an Internet connection is available. He will demonstrate techniques for replicating cloud databases with mobile devices in order to build offline-enabled mobile apps that can provide a better,...
Apr. 27, 2015 12:35 PM EDT