MONTREAL, QUEBEC -- (Marketwired) -- 04/24/13 -- Bowmore Explorations Ltd. (the "Company" or "Bowmore") (TSX VENTURE: BOW)(FRANKFURT: 0B5) is pleased to announce that following the signing thereof, the Company has entered into a formal Option Agreement whereby it can acquire 100% of the La Scie Gold Property (the "Property"), located in Newfoundland, Canada from owner Mr. Jason Burton (see press release dated February 13, 2013).
Mr. Paul Dumas, President of Bowmore, stated "We are very pleased to have finalized this agreement, as it allows us access to the Baie Verte Peninsula, a highly prospective area that has been known for exploration and mining of gold, copper and other commodities, dating as far back as the 1850's. We are fortunate to have come across a land package of significant size that has been virtually unexplored, providing us with an additional opportunity for gold discovery within a mining-friendly province."
The Property is composed of 60 claims covering more than 1,500 hectares and is located along the eastern-most extent of the Baie Verte Peninsula, roughly 45 km east of the town of Baie Verte in the White Bay South District. In addition, Bowmore has claimed an additional 395 claims covering 9,875 hectares surrounding the La Scie Gold Property and covering the eastern extremity of the Baie Verte peninsula, for a total land package of 11,375 hectares or 113.75 km2.
To date Bowmore has collected 43 rock samples from the Western and the Central blocks of the Property through due diligence chip sampling, done on the recently discovered gold showings by Mr. Burton. Gold values of up to 56.5 g/t Au over 2 metres were obtained from a pyritic quartz stockwork hosted within felsic volcanic flows. A new zone was discovered that returned 0.91g/t Au over 6 metres within a northeast-trending shear zone 6 to 8 m. wide and at least 15 to 20 m. long, hosted by a felsic volcanic unit (see press release dated February 13, 2013).
The Company is currently planning a 2013 work program for the property which will include mapping, sampling, and geophysical groundwork.
Jean-Marie Pronovost, P. Geo is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein.
BOWMORE is a Canadian exploration mining company focused on precious metal exploration in Canada and Mexico. The Company trades on the TSX Venture Exchange under the symbol "BOW".
For further information on BOWMORE, visit www.bowmorexploration.com.
Forward-looking statements: Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.
Neither 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.
BOWMORE Exploration Ltd.
President & CEO
BOWMORE Exploration Ltd.
Renmark Financial Communications Inc.
Bettina Filippone: email@example.com
John Boidman: firstname.lastname@example.org
(514) 939-3989 or (416) 644-2020
Most Popular Stories
- 2014 Will Be 'Breakthrough Year' for U.S., Obama Says
- Prius Among Insurance Institute's 39 Top Safety Vehicles
- Target Overwhelmed by Worried Customers
- Congress Ends Turbulent Year with Approving IRS Chief
- First Family Arrives for Hawaiian Island Holiday
- Renewable Energy Group to Acquire Syntroleum
- Ally Financial Settles Auto Loan Suit
- Covered California Lags on Hispanic Enrollment
- Climate Change Isn't an Equal Opportunity Destroyer
- Luis Suarez Re-ups With Liverpool F.C.