HALIFAX, NOVA SCOTIA - (Marketwire - June 26, 2008) - Silvor Foxx Capital Corp. (TSX VENTURE:SFX.P). Mr. Harry Cabrita, President of Silvor Foxx Capital Corp. (the "Corporation"), is pleased to announce the commencement of a geophysical exploration program at the Corporation's principal property at Coxheath, Nova Scotia. The Coxheath property consists of 118 claims (approximately 1910 ha) and lies approximately 14 km SW of Sydney, Nova Scotia. The mineral rights of the property were 100% earned by the Corporation, through its wholly-owned subsidiary 3214399 Nova Scotia Limited, subject to a 3% net smelter return ("NSR"), the terms of which have been disclosed in the Corporation's Filing Statement dated April 03, 2008.
The geophysical exploration program will primarily consist of Induced Polarization and Resistivity geophysical surveying (IP) and geological mapping. Exploration will target potential epithermal mineralization associated with extensive zones of argillic alteration in felsic volcanic rocks containing numerous pyrophyllite zones. The mineral assemblage in these alteration zones is indicative of high-sulphidization systems and may indicate potential for base and precious metal epithermal mineralization.
Matrix GeoTechnologies Ltd. of Toronto, Ontario, have been retained to conduct 3 separate IP surveys and cover approximately 6 line-km. These grids cover 3 intensely altered pyrophyllite zones. Additional mapping to identify the extent of alteration will also be carried out. This program is planned to start immediately.
Alteration patterns in association with the regional geological setting suggest a possible model linking an epithermal system and the diorite-hosted porphyry-style mineralization approximately 4 km to the west.
Lyndon Jensen, P. Geo., is responsible for the management and supervision of the Corporation's exploration program and is the qualified person who has reviewed the contents of this news release.
Certain information regarding Silvor Foxx Capital Corp. (SFX) contained herein may be deemed forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although SFX believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. SFX cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what SFX currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements could include exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
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