|Central Yukon Projects, Mayo Mining District|
|4||Yukon Carlin Gold Trend||153||3,197.70||Au?|
See attached location Figure 1.
Despite residual 80% snow coverage above 3500 feet, a Blind Creek exploration crew has been active on its Keno Silver project 15-20 km east of the Alexco high grade silver Bellekino Mine near Keno Hill since 31st May 2012, and is now operating within its claims on strike with the Yukon Carlin Gold Trend, with further sampling to be carried out in the Blind Creek Blende-Ocelot project adjacent to Carlin Trend properties before the end of June 2012, where encouraging gold bearing float rock samples were collected and analysed last year.
Within its 272 quartz claims in the Keno silver project, the BCR crew had few options but to sample as low as possible in the lower creek valleys, to avoid thawing deep snow conditions. Consequently, a gold panning heavy concentrate sampling program was commenced focusing on creek bank material to establish flood gold content within creek bank moss. Over a three day period, 32 pan concentrate samples were collected besides soils, and rock float. Visually the pan concentrate samples have proved positive despite very limited contents of black sand. One previous trench and one drill pad were discovered on the property. Pan concentrate samples have already been delivered to a Whitehorse pre-prep lab for ore grade gold fire assay, gravimetric finish.
On the 6th June, the five man Blind Creek crew commenced auger sampling soils from its Yukon Carlin Trend 153 quartz claim property to obtain soil samples at or below one metre depth. At the time of writing, 200 auger soil samples have been collected in addition to seven pan concentrates from creek bank moss mat material. Plans are to auger soil sample this property until 15th June, when samples will be delivered to the pre-prep lab in Whitehorse.
On 18th June, the crew will commence pan concentrate sampling, in addition to contour soil and rock sampling the Blende-Ocelot 372 quartz claim property, where previously identified gossans were known to earlier prospectors. This property is contiguous to the ATAC Carlin Trend and the ATAC Ocelot Lead-zinc- silver claim group drilled in 2011, in addition to the Blind Creek Lead-zinc-silver Blende property.
During the 2011 season, Blind Creek crews found mineralized gossan rock float hosting malachite - azurite as well as a mineral identified in the field as chalcocite. Two rock float samples returned 287 ppm and 468 ppm silver, 0.569 ppm and 0.969 ppm gold, 4380 ppm and 8700 ppm copper, as well as 247 and 506 ppm arsenic.
The Company now has an updated website with information and technical reports at www.blindcreekresources.com
The technical information in this News Release has been written by Nicholas Clive Aspinall, P.Eng., a qualified person as defined in National Instrument 43-101.
On behalf of the Board of Directors,
"J. Frank Callaghan"
J. Frank Callaghan
President and CEO
Tel: (604) 669 - 6463
This News Release contains forward-looking statements. Forward-looking statements are statements, which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.
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