Ocean Park Ventures Corp. ("Ocean Park" or the "Company") is a Canadian junior mining company focused on the exploration of bulk tonnage copper and gold in British Columbia, Alaska and Mexico that possess world-class resource potential in premier mining districts. The Company's shares are listed on the TSX Venture Exchange under the symbol "OCP".
Ocean Park currently has three drill-ready multi-target properties including the Chisna copper/gold project that covers approximately 90,000 hectares located in south central Alaska; the Trapper gold project comprising 3,700 hectares in northern British Columbia and the Adelita copper/gold/silver project comprising 11,400 hectares in Sonora, Mexico.
The company was formerly known as eTV Technology Inc. and changed its name to Ocean Park Ventures Corp. in April 2009. Ocean Park Ventures Corp. was incorporated in 1987 and is based in Vancouver, Canada.
Ocean Park Ventures Corp. has released results from two new skarn discoveries at the Adelita copper-gold-silver project, Mexico. These include:
- The Andalucia skarn zone has returned surface samples grading up to 4.19 per cent copper, 9.22 grams per tonne gold and 162 g/t silver, defining a drill-ready copper-gold-silver target.
- The West Cerro Grande skarn zone has returned surface samples grading up to 2.23 per cent copper, 0.62 g/t gold and 209 g/t silver. Additional surface work is required in advance of drilling.
- Geophysical results from the discovery area suggest a possible prospective strike of the Cerro Grande mineralized skarn trend in excess of 2.5 kilometres.
Five areas containing copper-gold-silver mineralized skarn have now been identified across the Adelita property. These are:
- Cerro Grande, where drill hole CGDD-12-009 returned 105.2 metres of 1.03 per cent copper, 0.43 g/t gold and 36.3 g/t silver from a copper-gold-silver mineralized skarn, with 800 metres of mapped surface strike and drill results indicating at least 300 metres of vertical depth extent of mineralization (see Ocean Park news releases of May 3 and May 30, 2012);
- Andalucia, located 2.5 kilometres to the south of Ocean Park's drilling at Cerro Grande. The zone occurs within the same mineralized structural trend and consists of similar-style copper-gold-silver mineralization. The zone has thus far been exposed in a series of trenches across 70 metres of strike and remains open to extension in all directions;
- West Cerro Grande, which hosts a number of new skarn showings, located 200 metres to 700 metres west of the main Cerro Grande discovery. Surface mineralization has been identified across more than a kilometre of strike. Copper-gold-silver mineralization is associated with high-angle structures;
- Las Plomosa, north of the Mezquital porphyry target, where copper-gold-silver mineralized skarn samples have been historically collected across a four-square-kilometre area;
- Las Trancas, to the south of the Mezquital porphyry target, where results include an 89-sample soil survey completed by Minaurum Gold Corp. in 2010 that identified a two-square-kilometre extension of the copper-gold-silver-molybdenum-in-soil anomaly that has been drilled by Ocean Park at the Mezquital porphyry target.
Further trenching and diamond drilling will be required to define the zone geometry and strike extent of mineralization at Andalucia. The West Cerro Grande, Las Plomosa and Las Trancas targets are all early stage and will require follow-up work, including mapping and trenching to define the sampled skarn occurrences.
Ocean Park can earn up to a 75-per-cent interest in the Adelita project through its joint venture with Minaurum Gold Inc.
Chris Taylor, MSc, PGeo, vice-president of exploration with Ocean Park, is the qualified person as defined by National Instrument 43-101 who supervised the preparation of the above information. Information related to past drilling and highlighted mineral properties was taken from previous public disclosures issued by the companies listed above.