SYS-CON MEDIA Authors: Pat Romanski, Gary Arora, Zakia Bouachraoui, Yeshim Deniz, 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.


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.

Sphinx Resources Ltd.
Normand Champigny
President and Chief Executive Officer
[email protected]

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
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.
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 with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leadin...
DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Most organizations are awash today in data and IT systems, yet they're still struggling mightily to use these invaluable assets to meet the rising demand for new digital solutions and customer experiences that drive innovation and growth. What's lacking are potent and effective ways to rapidly combine together on-premises IT and the numerous commercial clouds that the average organization has in place today into effective new business solutions.
Concerns about security, downtime and latency, budgets, and general unfamiliarity with cloud technologies continue to create hesitation for many organizations that truly need to be developing a cloud strategy. Hybrid cloud solutions are helping to elevate those concerns by enabling the combination or orchestration of two or more platforms, including on-premise infrastructure, private clouds and/or third-party, public cloud services. This gives organizations more comfort to begin their digital tr...
Keeping an application running at scale can be a daunting task. When do you need to add more capacity? Larger databases? Additional servers? These questions get harder as the complexity of your application grows. Microservice based architectures and cloud-based dynamic infrastructures are technologies that help you keep your application running with high availability, even during times of extreme scaling. But real cloud success, at scale, requires much more than a basic lift-and-shift migrati...
David Friend is the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast, low-cost, and reliable cloud storage. Prior to Wasabi, David co-founded Carbonite, one of the world's leading cloud backup companies. A successful tech entrepreneur for more than 30 years, David got his start at ARP Instruments, a manufacturer of synthesizers for rock bands, where he worked with leading musicians of the day like Stevie Wonder, Pete Townsend of The Who, and Led Zeppelin. David has ...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Addteq is a leader in providing business solutions to Enterprise clients. Addteq has been in the business for more than 10 years. Through the use of DevOps automation, Addteq strives on creating innovative solutions to solve business processes. Clients depend on Addteq to modernize the software delivery process by providing Atlassian solutions, create custom add-ons, conduct training, offer hosting, perform DevOps services, and provide overall support services.
Contino is a global technical consultancy that helps highly-regulated enterprises transform faster, modernizing their way of working through DevOps and cloud computing. They focus on building capability and assisting our clients to in-source strategic technology capability so they get to market quickly and build their own innovation engine.
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...