TORONTO, ONTARIO--(Marketwire - Feb. 24, 2010) - VVC EXPLORATION CORPORATION (TSX VENTURE:VVC)VV ("VVC" or the "Company") reports on the results of diamond drilling on the Santa Cristina Property (the "Property"), located in the foothills of the Sierra Madre mountains, approximately 60 km to the south of Hidalgo del Parral, Chihuahua State, in northern Durango State, Mexico. VVC optioned the Property in June and carried out the drilling in the summer of 2009 (see news release dated June 4, 2009).
The drilling was carried out under contract by Landdrill International Inc. with the exploration program managed by Invesmin San Miguel S de RL de CV also under contract to VVC. Due diligence was carried out by the Company's QP, Peter Dimmell, who is also a director of the Company. The 2009 exploration program comprised prospecting over the entire Property plus geological mapping followed by a 8-hole diamond drill program totalling 1106.5 metre (m) which tested the mineralized Gambusinos-Maria Louisa (GML) trend over a 450 m strike length.
The diamond drilling targeted hematite bearing breccia zones and silicified zones associated with a major northeast trending shear system along the GML. Drill-holes STC-01, 1A-09 and STC-02-09 tested the auriferous hematite bearing breccia zone in the vicinity of the Maria Louisa showing in the western part of the zone. Hole STC-01 was abandoned in the shear zone. Erratic, weakly anomalous gold values from 0.11 to 0.68 g/t over 1.5 m each, were intersected in the upper sections of the holes. Hole STC-03-09 missed the zone as it was drilled to the north of the structure. Holes STC-04 and 05 tested broad areas of silicification developed along the northeast trending ridge above the GML trend. Wide intervals, up to 30 plus metres, of moderate to strong silicification was noted in the holes, however no mineralization or gold values were found. Drill-holes STC-06, 07 and 08 were drilled in the eastern part of the zone, from the same setup, targeting the down dip extensions of the old workings at the Gambusinos showing on the northeast side of ridge (STC-06), a possible cross fault (STC-08) and a silicified zone on the south side of the ridge (STC-07). A number of narrow, weakly auriferous, silicified zones were intersected with the highest values in Hole STC-07-09, 1.5 m from 49.5 to 51.0 meters, which gave 1.42 g/t gold (Au) and 2.6 g/t silver (Ag).
It is evident that more geological interpretation and compilation is required to allow proper targeting of additional holes to test the depth potential of the gold anomalous areas along the GML trend. This will allow the drilling to be focused along the structural features which appear to control the gold mineralization in the area.
Gold mineralization at Santa Cristina occurs on a 1 km long trend, associated with Tertiary age volcanic rocks and extensive silification and argillization. Due diligence sampling has given grab sample values ranging from 60 ppb (0.06 g/t) to 5.77 g/t Au with an average of 2.21 g/t Au from the hematized breccia. One sample taken by the QP from a hematized breccia in a pit approximately 50 m west of the Maria Louisa showing returned 8.2 g/t Au and 2.3 g/t Ag while a sample from the Maria Louisa pit returned 0.241 g/t Au and 0.5 g/t Ag. Four, pin-sized, specks of visible gold were observed by the QP in a cut sample taken from the Maria Louisa locality. The half of the sample, without visible gold ("VG") noted, assayed 3.5 g/t Au and 1.1 g/t Ag. A composite grab sample of float of banded, epithermal style, quartz veining, located across the valley away from the main mineralized trend, returned 5.0 g/t Ag and 5 ppb Au indicating the potential for other epithermal systems in the area. The GML trend was worked by gambusinos (artisanal miners) in the past, however it had never been evaluated by modern exploration techniques including diamond drilling. A summary of the drill holes is attached as table 1.
TABLE 1
DIAMOND DRILLING - SANTA CRISTINA - SUMMER 2009
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Hole # length UTM Elevation Samples number
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m northing easting m from to of samples
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STC-01-09 45.0 0
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STC-01A-09 120.0 2930094 417450 2157 751401 751481 81
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STC-02-09 64.5 2930056 417452 2197 751601 751639 39
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STC-03-09 63.0 2930067 417499 2191 751482 751500 19
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701701 701722 22
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STC-04-09 194.5 2930201 417783 2150 701723 701800 78
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751640 751690 51
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STC-05-09 237.0 2930194 417782 2150 751691 751700 10
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751801 751875 75
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STC-06-09 163.5 2930212 417958 2108 751876 751900 25
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808501 808550 50
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STC-07-09 118.5 2930212 417958 2108 808551 808613 63
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STC-08-09 100.5 2930212 417958 2108 808614 808652 39
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Total 1106.5 552
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Prospecting over the entire property resulted in the acquisition of 108 rock samples from float and outcrop. Significant alteration consisting of white clay and silicification including some banded, epithermal style, quartz veining was noted at various locations, however sample results for Au and Ag were generally low with no significant values.
Rock and core samples were analyzed at ALS Chemex de Mexico SA de CV and Servicio Geologico Mexicano, both based in Chihuahua using a fire assay technique, with an atomic absorption finish, for gold plus an ICP- 41 technique for other elements including gold pathfinder elements such as silver, arsenic and antimony. The technical aspects of this news release were reviewed by Peter Dimmell, P.Geo., a director of VVC, who is a Qualified Person (QP) as defined in National Instrument 43-101.
The Company believes that the Property continues to have merit for potential gold and silver mineralization, and is currently negotiating more favourable terms for the option agreement on the Property with the original vendor. Shareholders will be advised on a timely basis on any developments.
With over $2 million in cash and highly liquid marketable securities, VVC has the financial resources to meet its working capital requirements for the foreseeable future, maintain its property options in goodstanding and carry-out the necessary exploration on those properties.
About VVC:
VVC Exploration Corporation is a Canadian exploration company with projects in Mexico and Canada. This includes a Silver, Lead and Zinc prospect in Chihuahua, Mexico, and a grass-roots gold prospect in the Timmins area of Northern Ontario. VVC is also aggressively searching for other projects such as precious minerals and base metals at various stages of development in North America, with special emphasis on gold and silver in Mexico.
On Behalf of the board of Directors
Michel J. Lafrance, Secretary-Treasurer
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