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Sphinx and SOQUEM: zinc mineralization in the 29 holes drilled during the 2019 winter on the Calumet-Sud project

by pnationtalk on May 14, 201968 Views

Montréal, May 13 2019 – Sphinx Resources Ltd. (“Sphinx” or the “Corporation”) (TSX-V: SFX) and SOQUEM Inc., a subsidiary of Ressources Québec, are pleased to announce the analytical results of the remaining nine (9) drill holes, from a 29 holes campaign drilled during the 2019 winter along the 1,500 m-long zinciferous zone (see press releases of 15 November 2019, 27 February 2019, 14 March 2019 and April 18, 2019). Hole CS-19-26 intersected 4.9% zinc over 2.0 m and 8.5% zinc over 1 metre.

The significant drill results for these nine (9) holes disclosed in this release are presented in Table 1 and Figure 1. They indicate the presence of zinc mineralization in all 29 drill holes completed during the 2019 winter. The true thickness is estimated at 100% of the mineralized intersection length in all drill holes.

Table 1 – Analytical results from nine drill holes.
Composites weighted by sample length.

Hole
number
From
(m)
To(m) Mineralizedintersection (m) %
Zinc
CS-19-05 5 6 1.0 2.63
66 68 2.0 2.06
CS-19-09 46 49 3.0 2.29
CS-19-14 82 85 3.0 2.21
97 99 2.0 0.96
121 128 7.0 0.97
CS-19-15 107 111 4.0 0.86
CS-19-17 33 34 1.0 1.31
73 79 6.0 1.36
CS-19-24 84 87 3.0 2.10
CS-19-26 70 72 2.0 4.87
inc. 70 71 1.0 8.49
77 79 2.0 1.71
82 84 2.0 0.78
CS-19-27 107 108 1.0 1.68
CS-19-28 77 79 2.0 1.72

The management committee, composed of SOQUEM members and the Corporation, will meet shortly to review the 2019 results and conduct a field visit to plan and approve the next Calumet-Sud exploration program.

Analytical protocol

Samples were analyzed by ALS in Val-d’Or, Quebec. The analytical process consisted of crushing, splitting and assaying using sodium peroxide fusion with an Inductively Coupled Plasma Atomic Emission Spectrometry (ICP-AES) finish. Sphinx applies industry-standard QA/QC procedures to the program.

Supervision and Qualified Persons

The January 2019 drilling campaign was carried out under the supervision of Mr. Jeremie Ryan and under the direction of Mr. Michel Gauthier, Ph.D. (géo, and Board member of the Corporation) and Qualified Person under National Instrument 43-101. This press release was prepared by Normand Champigny, (Eng., director and Qualified Person of the Corporation).

About SOQUEM

SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec’s mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well positioned for the future.

About Sphinx

Sphinx is a mineral exploration company that focuses its activities in southwestern Quebec in search of deposits of base metals (zinc, copper, lead) and precious metals (palladium, platinum, gold and silver). Sphinx is particularly active in the MRC Pontiac where its President and Chief Executive Officer resides. It has a strong local shareholding that contributes towards social acceptability.

For further information, please consult Sphinx’s website or contact:

Jeremie Ryan
President and Chief Executive Officer
819.664.2632
info@sphinxresources.ca
www.sphinxresources.ca

NT4

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