SYS-CON MEDIA Authors: Stackify Blog, Zakia Bouachraoui, Elizabeth White, Pat Romanski, Liz McMillan

News Feed Item

Sphinx Resources and SOQUEM: Calumet-Sud project returns extensive zinc values at surface

MONTREAL, QUEBEC -- (Marketwired) -- 11/22/17 -- Sphinx Resources Ltd. ("Sphinx" or the "Corporation") (TSX VENTURE:SFX) and its partner SOQUEM are pleased to report the discovery of extensive surface zinc mineralization as part of a stripping program on the Calumet-Sud project (the "Project"). Channel sample composite 17-04 assayed 2.37% Zn over 20.3 m, sample composite 17-06 6.0 m at 3.23% Zn, and sample composite 17-05 4 m at 3.34% Zn. The discovery area is located 2 km from the historic New Calumet Mines Limited zinc-lead-silver-gold mine (see Figure 1 attached), which produced 3.8 million tonnes of ore at a grade of 5.8% Zn, 1.6% Pb, 65 g/t Ag et 0.4 g/t Au from 1944 to 1968 (reference: Annual report New Calumet Mine 1968).

The channel sampling results reported below were obtained from the Sonny and Sonny West zones which are parallel mineralized structures approximately 420 m apart. Mechanical stripping that significantly extended the mineralized areas sampled previously by trenching and tested by the first phase of drilling (see press releases of June 25, 2015 and July 13, 2017 respectively). The Project is a joint venture between Sphinx (50%) and SOQUEM (50%). Sphinx is the operator of the Project.

Results (see figures 2 to 5 attached)

Geological mapping of the stripped areas confirmed the stratiform and continuous nature of the zinc mineralization hosted in dolomitic marble rocks (see Figure 7 attached, the brown colour within the dotted line indicates the presence of sphalerite, the zinc mineral).

Sonny Zone - Two sub-parallel horizons, each with an estimated true thickness of 3.0 m, were exposed over a strike length of 75 m in the stripped area. Mineralization is stratiform, oriented N-S with a shallow dip (10-20 degrees) to the east. It is open along strike and spatially correlated to very high zinc values in soils over 360 m (see press release December 20, 2016). The best composite intervals are:

Channel 17-01:      10 m at 1.93% Zn and 5.9 m at 1.75% Zn 
Channel 17-02:      10 m at 1.93% Zn                       
Channel 17-03:      10 m at 1.66% Zn                       
Channel 17-04:      20.3 m at 2.37% Zn                     
Channel 17-05:      4 m at 3.34% Zn                        
Channel 17-06:      6 m at 3.23% Zn                        
Channel 17-07:      8.7 m at 2.38% Zn                      

Sonny West Zone (420 m to the NW) - One horizon of up to 6 m in thickness was exposed in the stripped area over a strike length of 40 m. The mineralized horizon is oriented N-S and with a shallow dip (30-40 degrees) to the east. It is open along strike and spatially correlated to very strong zinc values in soils over 1.8 km (see press release December 20, 2016). The best composite intervals are:

Channel 17-01:      4.1 m at 1.75% Zn                      
Channel 17-02:      4.4 m at 1.77% Zn                      
Channel 17-03:      10 m at 0.53% Zn                       
Channel 17-04:      1.4 m at 1.83% Zn                      
Channel 17-05:      4.2 m at 0.92% Zn                      

Individual sample results are presented on attached figures 2 and 4 and composite intervals on attached figures 3 and 5. The figures include trench samples from trenches 1, 2 and 3 which were sampled in 2014 on the Sonny Zone. Several samples terminate in mineralization where it meets overburden and where further stripping is warranted.

The samples weighed 3.4 kg each, on average. All channel samples have been individually described and both geological and drone mapping of the stripped outcrops has been completed. The 12 channel samples were cut generally perpendicular to the strike of the mineralized horizons and comprise 115 individual samples with a cumulative length of 212 metres. True thicknesses may range from 25% to 50% of apparent widths at surface.

Exploration potential

The potential to extend the mineralization along strike of the mineralized horizons is considered excellent in both directions and is supported primarily by a SW-NE to NW-SE trend of very strong anomalous zinc values in soils (see Figure 6 attached). On the basis of the work performed to date a drilling program is being designed by the joint venture partners. The program aims to identify at depth and extend along strike the mineralization discovered by stripping on the Sonny and Sonny West zones. The new drilling campaign will begin in the following weeks.

The Project is part of the larger "Ziac" zinc district. This emerging zinc play is a 40-km long northwest trending corridor defined by zinc and lead-bearing dolomitic marbles (see press release of August 8, 2017) typical of the Balmat-Edwards-Pierrepont zinc district, located in the state of New York, United States.

The stripping was supervised by Explo-Logik inc. of Saint-Hyppolyte with the participation of GFX Exterior Services and Les Entreprises Brian Stanton Ltee of Bryson, and Excavation Michael Derouin of Ile-du-Grand-Calumet. The program is operated by Sphinx under the supervision of Normand Champigny and the field direction of Michel Gauthier, Ph.D. (geo, and Board member of the Corporation), both qualified persons under National Instrument 43-101. This press release was prepared by Normand Champigny, acting as Sphinx's qualified person.

Analytical protocol

Samples were delivered to ALS Chemex in Val d'Or, Quebec, for crushing, splitting and assaying using aqua regia digest with a finish by atomic absorption (AA46 method). Sphinx applied industry-standard QA/QC procedures to the program.

About SOQUEM

SOQUEM, a subsidiary of Ressources Quebec, is a leading player in mineral exploration in Quebec. Its mission is to explore, discover and develop mining properties in Quebec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.

About Quebec and Sphinx

Quebec has established itself as one of the world's most attractive mining jurisdictions, ranking 6th globally (Fraser Institute press release, February 28 2017). The Quebec government has created market confidence by following a proactive approach to mining policy. Quebec's mining sector has also been encouraged by the clarity and certainty of the legal and regulatory framework adopted by its government. Sphinx is engaged in the generation and acquisition of exploration projects in Quebec.

For further information, please consult Sphinx's website.

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 press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Sphinx's periodic reports including the annual report or in the filings made by Sphinx from time to time with securities regulatory authorities.

Contacts:
Sphinx Resources Ltd.
Normand Champigny
President and Chief Executive Officer
514.979.4746
[email protected]
www.sphinxresources.ca

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.
Kubernetes as a Container Platform is becoming a de facto for every enterprise. In my interactions with enterprises adopting container platform, I come across common questions: - How does application security work on this platform? What all do I need to secure? - How do I implement security in pipelines? - What about vulnerabilities discovered at a later point in time? - What are newer technologies like Istio Service Mesh bring to table?In this session, I will be addressing these commonly asked ...
The KCSP program is a pre-qualified tier of vetted service providers that offer Kubernetes support, consulting, professional services and training for organizations embarking on their Kubernetes journey. The KCSP program ensures that enterprises get the support they're looking for to roll out new applications more quickly and more efficiently than before, while feeling secure that there's a trusted and vetted partner that's available to support their production and operational needs.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It's clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Th...
When you're operating multiple services in production, building out forensics tools such as monitoring and observability becomes essential. Unfortunately, it is a real challenge balancing priorities between building new features and tools to help pinpoint root causes. Linkerd provides many of the tools you need to tame the chaos of operating microservices in a cloud native world. Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. I...
xMatters helps enterprises prevent, manage and resolve IT incidents. xMatters industry-leading Service Availability platform prevents IT issues from becoming big business problems. Large enterprises, small workgroups, and innovative DevOps teams rely on its proactive issue resolution service to maintain operational visibility and control in today's highly-fragmented IT environment. xMatters provides toolchain integrations to hundreds of IT management, security and DevOps tools. xMatters is the ...
With the rise of Docker, Kubernetes, and other container technologies, the growth of microservices has skyrocketed among dev teams looking to innovate on a faster release cycle. This has enabled teams to finally realize their DevOps goals to ship and iterate quickly in a continuous delivery model. Why containers are growing in popularity is no surprise — they’re extremely easy to spin up or down, but come with an unforeseen issue. However, without the right foresight, DevOps and IT teams may lo...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at @DevOpsSummit at 19th Cloud Expo, Charles Kendrick, CTO at Isomorphic Software, presented a revolutionary model enabled by new technologies. Learn how business and develop...
"There is a huge interest in Kubernetes. People are now starting to use Kubernetes and implement it," stated Sebastian Scheele, co-founder of Loodse, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, will discuss how to use Kubernetes to setup a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace....
Today most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes significant work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reducti...