VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/01/13 -- Cassius Ventures Ltd. (TSX VENTURE: CZ) ("Cassius", or the "Company") is pleased to announce channel sampling results from Las Mercedes, an epithermal vein hosted gold target located on the east side of the Leon project area.
Highlights of the sampling results include a grade intersection of 2.74 g/Au over 3.0 m with one assay grading 6.90 g/t Au in the first channel.
As indicated in the Company's press release of June 26, 2012, the initial mapping and prospecting of soil geochem anomalies resulted in the discovery of a mineralized quartz vein with chip sampling grading 28.32 g/t Au. Another mineralized quartz vein was identified 825m southwest of the above mentioned quartz vein, with chip samples assaying 32.15 g/t Au and 55.25 g/t Au.
Eddy Canova, Director of Exploration, added: "The results from Las Mercedes have confirmed the existence of gold mineralization in a linear east-west trending mineralized zone and appears to show significant extensions to the mineralized vein system over a distance of 141m and is open along strike. This area will be a main focus for future work."
Sampling Program
The most recent sampling program, which occurred in November and December 2012, took place over an area of previously identified gold mineralization. This channel sampling program successfully defined and followed the main mineralized structure over a distance of 141m and which is open along strike. The program has also sampled two other previously identified mineralized structures, one 137 m east-northeast and a second 825 m north-northeast of channel 1.
A total of 8 channels were cut and 92 samples were collected over a silicified porphyritic quartz-andesite penetrated by oxidized quartz veins, mineralized with oxidized pyrite and traces of galena. Out of the 8 channels that were cut, 7 channels were cut over a main structure over a distance of 141m at 25m intervals. The eighth channel sampled a parallel structure 30m north of the main structure.
The first channel cut mineralized silicified quartz andesites and graded 2.74 g/t Au over 3.0m with one value grading 6.90 g/t Au over 1.0m. Another three channels sampling the extension of the same structure returned anomalous gold values with channel 3 (55m east of channel 1) grading 0.16 g/t Au over 6.0m, channel 5 (25.6m west of channel 1) grading 0.15 g/t Au over 3.0m, and channel 7 (74.6 m west of channel 1) grading 0.21 g/t Au over 2.0m.
Channel 8, located 137 m east-northeast of channel 1, represents a parallel structure 30 m north of the main structure, sampled in quartz veins, quartz breccias and silicified porphyritic quartz diorites mineralized with pyrite. Sampling from this channel returned three anomalous values between 0.13 g/t Au and 0.20 g/t Au each at 1.0m in width. All other channel samples returned insignificant values.
Table 1 - Highlight Channel Sample Results at Las Mercedes---------------------------------------------------------------------------Channel ID From (m) To (m) Grade (Au g/t) Width (m) True Width (m)---------------------------------------------------------------------------1 11 14 2.74 3.00 3.00---------------------------------------------------------------------------3 6 12 0.16 6.00 4.09---------------------------------------------------------------------------5 4 7 0.15 3.00 3.00---------------------------------------------------------------------------7 2 4 0.21 2.00 2.00---------------------------------------------------------------------------8a 1 2 0.20 1.00 1.00---------------------------------------------------------------------------8b 1 2 0.13 1.00 1.00---------------------------------------------------------------------------8c 2 3 0.13 1.00 1.00---------------------------------------------------------------------------
