Botwood Basin

[Ed Monton]

VVC Exploration Corp. - Update on Bowater Property in Newfoundland
Monday February 24, 3:58 pm ET


Symbol: VVC - TSXV
TORONTO, Feb. 24 /CNW Telbec/ - VVC Exploration Corp. (VVC TSXV) wishes to give an update on the ongoing drilling program on the Glenwood-Appleton NFLD property (aka the "Bowater Property") where soil geochemical gold anomalies (MMI) are being investigated by several drill holes.
Seven drill holes have now been completed in the southeast sector of the Property in the vicinity of reported visible gold occurrences (drill holes GLN- 99-13 and GLN-99-11 and surface showing "the Knob"). "The Knob" showing is a gold mineralized zone located on adjacent Rubicon Minerals' property (some 80 metres east of the Bowater Property boundary) where typically high grade gold bearing quartz veins occur with visible gold, boulangerite, and minor sulphide content (pyrite-arsenopyrite-chalcopyrite). The Knob showing had previously been drilled by Noranda Exploration (GLN-99-11 - 38.53 g/t Au over 1.6 m - collared 57 metres east off the Bowater Property boundary). Further to the west, on the Bowater Property, a similar or related zone consisting of a quartz vein with visible gold, boulangerite and minor sulphide content was intersected by Noranda Exploration drill hole GLN-99-13 (32.2 g/t Au over 1.6 m).

Drill hole No. 1 of the current drill program, was intended to twin hole GLN-99-13. Drill holes 2, 3, and 4 were aimed to test the westerly down dip potential extension of visible gold bearing mineralized zones intercepted in GLN-99-11 and GLN-99-13. Drill holes 4, 5, and 6 were drilled to investigate the adjacent soil geochemical gold MMI anomalies.

Several core samples from drill holes 1 to 7 have been sent for assaying and but no results are available yet. The mineralization is present in sericitized/carbonatized sheared (locally brechiated) greywacke/siltstone and consist of up to 15% of disseminated pyrite-arsenopyrite plus minor chalcopyrite.

Also being assayed are mineralized quartz veins (from 5 cm to 1.2 m wide) generally carrying low content of sulphide (pyrite-arsenopyrite-chalcopyrite) and specifically boulangerite. This type of mineralization has been observed at other locations on the property.

Meanwhile, additional MMI gold soil geochemical data from recently completed survey has been received and has delineated new Au soil anomalies on the property. Drilling is continuing and new targets defined by MMI are being investigated.

The Qualified person who has prepared this news release is Paul Delaney, P.Geo.

VVC Exploration is a Canadian junior mining company listed on the TSX Venture Exchange.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.