VANCOUVER, B.C. - Silver Pursuit Resources Ltd. (SPF - TSX.V) is pleased to provide an update on the acquisition by staking of 19 distinct mineral claim blocks located in 7 different counties in Nevada. The staking program is a result of a prospecting, data mining, geological mapping and sampling program that has been underway since March, 2016. The Company has focused efforts towards building a database identifying prospective mineral properties with a focus on gold projects in the State of Nevada.
Nevada is a major producer of gold with a long history of mining and exploration and significant potential for continued discoveries. Silver Pursuit's database utilized United States Geological Survey spatial multi-element geochemical and geological data paired with the mineral occurrence database (including mineral occurrences, prospects, and mines) and digitized County PLAT (claim) maps which record the rich history of mining activities across the entire state of Nevada. From this data a pronounced correlation was observed between the major producing mining districts and the elevation on a regional scale of key indicator elements such as Antimony and Arsenic.
This simple correlation acted a guide towards the most prospective regions and allowed for a narrower focus onto key areas that have been held for extended periods of time by companies of significance. All claim groups have a minimum extended ownership history of previous noteworthy companies that include Cordex Exploration Co., BHP Minerals, Newmont Mining Corp., Homestake Mining Co., Western Mining Corp., Coral Resources Inc., Cordilleran Exploration, Santa Fe Pacific Mining, and others.
As a result of this exercise a total of 19 separate mineral claims across 7 counties, comprising 98 individual claims have been identified, staked, and filed. See the attached map for specific location of the newly acquired claims. (Note, all claims are currently pending approval from the BLM).
Silver Pursuit has now initiated an extensive data search for details of the work completed by former owners and operators. As the properties were held from 5 to plus 35 years and with much evidence of extensive work and mineralization in the prolific mineralized belts of Nevada by the most successful exploration and mine development companies in Nevada's history; the Company's claims have excellent potential.
All claims are owned 100% by SPF and are royalty free. The Company is designed as a "Project Generator" and will explore Joint Venture and sale options upon completion of the next phase of detailed evaluation which will be initiated immediately
ON BEHALF OF SILVER PURSUIT RESOURCES LTD.
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