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Silvore Fox Minerals Announces Comprehensive Exploration Program on Coxheath Copper/Gold Property & Additional Mineral Claim Ho


Published on 2010-05-28 11:10:10 - Market Wire
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HALIFAX, NOVA SCOTIA--(Marketwire - May 28, 2010) - Silvore Fox Minerals Corp. (TSX VENTURE:SFX) (the "Corporation") is pleased to announce the details of a comprehensive exploration program on its 100% owned Coxheath mineral claims, near Sydney, Nova Scotia.

The program was developed after months of review and planning by teams in Beijing and Halifax. It is being spearheaded by mineral exploration veteran Dr. Jingbin Wang, and will be led on site by Dr. Zhenquan Gao, the Corporation's newly appointed VP Exploration. For this program, Dr. Wang and Dr. Gao will oversee geophysical and geochemical technicians, exploration geologists and other staff working in the field.

The following exploration program has been designed to advance the resource potential and economic significance of the major structural zones identified at the Coxheath property.

  • A diamond drill program (details to be released after interpretation of IP);

  • A high resolution ground magnetic survey and IP survey, will be undertaken to help understand the complex structural features and the relationships between geological units at Coxheath;

  • Surface trenching will be carried out in well defined, anomalous zones to help delineate mineralized bodies and alteration zones at the surface;

  • A soil geochemistry survey will also be undertaken, to more accurately define drill targets associated with magnetic and IP survey anomalies;

The Corporation is also pleased to announce an increase in the claim holdings at its 100% owned mineral rights at the Coxheath Deposit. The corporation staked 4680 acres bringing the total mineral right holdings to 9400 acres (3804 ha). This additional acreage is a reflection of the positive nature of the extensive analysis compiled over the past number of months by the Corporations management and technical teams.

"This step forward is a welcome progression of the development of the Coxheath Property," states Harold Cabrita, President & CEO of Silvore Fox Minerals. "The coordination between exploration staff in Halifax and Dr. Jinbing Wang's team in Beijing has produced an exploration program and strategy that we expect will produce significant advances in understanding the geology and associated resource potential of the Coxheath Deposit. This exploration strategy is consistent with major mineral deposit findings as implemented by Dr. Wang and Dr. Gao worldwide".

The Coxheath exploration program has been developed after extensive compilation and interpretation of historical data on the Coxheath project by the Corporations newly appointed senior management and technical team. The data that has been interpreted includes geological mapping, extensive geophysics/geochemistry, diamond drill hole data, etc. (see news release dated May 21st, 2010).

Fred Bonner, P.Geo, Vice President – Operations, is the qualified person as defined by National Instrument 43-101, who has reviewed and approved the technical information presented above.

About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. ("SFX") is a Bedford, Nova Scotia, Canada based public mineral exploration company with 100% mineral rights to the claims at Coxheath, Cape Breton Island, Nova Scotia (known as the 'Coxheath Deposit'). SFX has an experienced management and geological team.

The Coxheath deposit model is believed to be analogous to Pacific Rim volcanogenic porphyry copper deposits. Alteration patterns in association with the regional geological setting further suggest a possible model linking the diorite-hosted porphyry-style mineralization at Coxheath and an epithermal system approximately 4 km to the east. SFX's further recent option and joint venture agreements for the 'Oceanview', 'Nictaux' and 'Shortliff' properties, strengthens SFX's position as a regional mineral exploration company.


NEITHER THE 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.

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