DGAP-News: Secova Metals Reviews 2016 Milestones of Solid Growth and Technical Insights, Highlights Strategy and Goals for 2017
11.01.2017 (www.4investors.de) -
DGAP-News: Secova Metals Corp. / Key word(s): Miscellaneous
Secova Metals Reviews 2016 Milestones of Solid Growth and Technical Insights, Highlights Strategy and Goals for 2017
11.01.2017 / 17:02
The issuer is solely responsible for the content of this announcement.
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2017) - Secova
Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) ('Secova' or the
'Company') is pleased to provide a review of significant growth for the
Company encompassing multiple acquisitions in Quebec, project advancements
at the Duvay/Chenier project, strategic corporate financings, and the
building of a dynamic and experienced team to lead the Company going
In 2017, Secova will begin drilling on the Duvay/Chenier project with the
goal of establishing the minable resource associated with the known
mineralization, along with project development on its Eagle River
acquisition in the Windfall Lake area of Quebec.
P. Bradley Kitchen, CEO of Secova, commented: 'I am extremely pleased with
our progress in 2016, and proud of each member of the Secova Team. We have
also benefitted by the strong continued support of Tres-Or Resources (TSXV:
TRS), our strategic partner at the Duvay/Chenier project. During the year,
we remained focused on ensuring each strategic step clearly provided a path
to being able to develop Secova's assets that would deliver a significant
gold resource portfolio. In 2017, we are positioned to complete two key
resource development programs at our gold projects in Quebec, respectively
the Duvay/Chenier gold project and the Eagle River claims near the Windfall
Lake gold deposit, where each project has the potential to yield
multi-million-ounce resource deposits. I would like to thank each of our
shareholders for their support during 2016 and the dedication of our
amazing team in Quebec and British Columbia. We expect 2017 to be the year
of significant advancement for Secova, and an elevated presence amongst our
Highlights of 2016 Activities:
Increased the size of the Duvay/Chenier claims to 7,766 contiguous
The company has the right to earn up to 90 per cent of the combined
Duvay and Chenier claims from Tres-Or Resources Ltd. in the Abitibi
region of Quebec. The consolidated Duvay property includes many
other gold zones such as Grenadier West, East Mac, Bunker, Fontana
and several others just outside of the property (such as Standard).
Secova remains focused to develop its exploration program one step
at a time.
Completed first phase of IPower 3D survey for a length of 750 meters
and to a depth of up to 400 meters.
Historic results show attractive gold results and the majority of
these results were from surface to 100 meters in depth. The new
IPower 3D survey shows mineralization open to depths over 300
First 3D gold mineralization model created from historic drilling,
surface exploration and the IPower 3D survey.
Modeling shows distinct areas of gold mineralization in multiple cigar
shaped cylinders angled at 50 degrees from vertical and appear to be
open at depth.
Six targets identified along the current strike on the Duvay claims
These targets suggested that mineralization continued to the North
West and was the main driver for the company to arrange for the
acquisition of the Chenier claims.
Future targets to be confirmed along strike using the IPower 3D
modeling to extend the current strike length by 1.3 km to 2.05km.
Acquired the Eagle River gold project which is located in the Windfall
Lake area in the Urban-Barry township of Quebec.
These claims are directly adjacent to Osisko Mining Inc.'s Windfall
Lake gold deposit and Bonterra Resources Inc.'s Gladiator gold
deposit. This property is on the southern extension of the gold
structure in the area and historic information shows multiple areas
of potential gold mineralization.
Added key strategic members to the technical and management team.
Morgan Good, President of Secova Metals Corp. commented: 'Over the past
year we have been able to explore the property along the strike on the
Duvay/Chenier gold Project to over 2.0 km. When the IPower 3D modeling is
completed we will have a model of the gold mineralization to a depth of
about 400 meters along the entire length of the strike. We have already
identified six drill targets and expect to expand the number of targets
with the results from the new IPower 3D survey. We are currently preparing
the drill maps and will begin drilling shortly. Our interpretation and
understanding of the deposit and region, has increased immensely, leading
to a focused exploration program for 2017. Secova's technical team and
contracted partners in Quebec should be congratulated for an amazing job
and commitment on all levels.'
2017 Strategic Goals:
Begin diamond drill program at Duvay/Chenier targeting.
Drill mapping is currently being prepared.
Add 1.3km of IPower 3D gold mineralization modeling to have a model of
the entire 2.05 km strike length.
Update current geological model on Duvay/Chenier to include new drill
For a more detailed review of Secova's 2017 Exploration plan, please
refer to the Company's September 27, 2016 news release or review the
geoscientific compilation (BMAG report) prepared by Dr. Ali Ben Ayad,
PGeo, PhD, MBA, of BMA Geo-Conseil (BMAG).
Develop a strategic exploration plan for the recently acquired Eagle
Continue acquisition strategy to potentially add other Quebec-based key
projects of merit.
Secova Metals Quick Facts:
7,766-hectare representing 174 contiguous claims (Duvay/Chenier Gold
Project) in the Amos Township in Quebec.
2017 Exploration Program underway - up to 5,250 meters of drilling
and an additional 1.3 km of mineralization modeling using IPower 3D
2,165-hectare Eagle River gold project in the Windfall Lake camp of
Urban-Barry township, Quebec.
The Company will be planning its initial exploration program based
on historic drilling information from the site and an intimate
knowledge of the gold mineralization of the Windfall Lake gold
Other Corporate News
The Company announces the resignation of Pierre-Jean Lafleur from the Board
of Directors. M. Lafleur was instrumental in overseeing the compilation of
the Duvay/Chenier geographic compilation and design of the current
exploration program. We wish M. Lafleur all the best in his future
About Secova Metals Corp.
Secova Metals Corp. is a Canadian gold exploration company focused on
building a strong asset base through exploration of undervalued gold
projects in Canada. Management has demonstrated expertise in advancing gold
exploration projects into acquisition targets, most notably in the province
of Quebec. Secova has the exclusive right and option to acquire from
Tres-OR Resources Inc. ('Tres-Or'), an undivided 65% right, title and
interest in the contiguous Duvay and Chenier Gold Projects. Secova can earn
up to 90% of the property (an additional 25% ownership) by funding a
pre-feasibility study after the initial exploration expenditures to bring
the property towards production. The Company has a total contiguous land
package of 174 claims covering over 7,766 hectares (17,458 acres) of land.
The Duvay/Chenier project is located in the Abitibi gold belt, one of
Quebec's premier mining jurisdictions. The Company has plans to advance the
development of Duvay/Chenier and Eagle River as well as seek other avenues
of growth through acquisition and mergers.
For more information on Secova Metals Corp. please contact Morgan Good,
Secova's President, at firstname.lastname@example.org and Tel: +1
604-715-4751 or visit the website at www.secovametals.com for past news
releases, media interviews and opinion-editorial pieces by CEO and Chairman
On Behalf of the Board of Directors,
SECOVA METALS CORP.
CEO, Director and Chairman
Tel: +1 604-506-7555
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 contains 'forward-looking information' that is based on
the Company's current expectations, estimates, forecasts and projections.
This forward-looking information includes, among other things, statements
with respect to the Company's exploration and development plans. The words
'will', 'anticipated', 'plans' or other similar words and phrases are
intended to identify forward-looking information. Forward-looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause the Company's actual results, level of activity,
performance or achievements to be materially different from those expressed
or implied by such forward-looking information.
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News Source: Newsfile
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