Silvore Fox Minerals Corp. (TSXV: SFX) (the "Corporation") is pleased to announce that it has entered into an agreement (the "IR Agreement") with The Howard Group Inc. ("The Howard Group ") to develop and implement an investor relations program for the Corporation by introducing the Corporation to brokers, analysts, investors, the media and the general public and by making recommendations on public relations materials, which mining shows to attend, booth set-up and advertising media.
The term of the IR Agreement is for an initial period of 12 months. The IR Agreement may be renewed upon mutual agreement. In addition to a fee equal to $7,000 per month, plus applicable taxes, the Corporation has granted The Howard Group an option to purchase an aggregate total of 750,000 Common Shares of the Corporation at a purchase price of $0.13 per share, which option shall be vested at the rate of 25% per quarter with the vesting dates being July 31, 2010, October 31, 2010, January 31, 2011 and April 30, 2011. The options will expire on the earlier of May 1, 2013 and 30 days following the termination of the IR Agreement.
Since 1988, the Howard Group has provided comprehensive investor and financial relations, business development solutions, in-depth strategic planning and financing services to public companies. The Howard Group is associated with the Insight Limited Partnerships I & II, which invest in micro and small cap companies. Insight Limited Partnership I currently owns 50,000 shares of the Corporation. It is the intention to buy additional shares in the Corporation through Insight Limited Partnership II.
About Silvore Fox Minerals Corp.
Silvore Fox Minerals Corp. ("SFX") is a Bedford, Nova Scotia, Canada based public mineral exploration company with 100% mineral rights to the claims at Coxheath, Cape Breton Island, Nova Scotia (known as the 'Coxheath Deposit'). SFX has an experienced management and geological team.
The Coxheath deposit model is believed to be analogous to Pacific Rim volcanogenic porphyry copper deposits. Alteration patterns in association with the regional geological setting further suggest a possible model linking the diorite-hosted porphyry-style mineralization at Coxheath and an epithermal system approximately 4 km to the east. SFX's further recent option and joint venture agreements for the 'Oceanview', 'Nictaux' and 'Shortliff' properties, strengthens SFX's position as a regional mineral exploration company.
The Coxheath Hills Claims are mainly underlain by a northeast-southwest trending belt of Precambrian plutonic-volcanic rocks in south eastern, Cape Breton Island, N.S. This is the westernmost of four plutonic-volcanic belts that forms part of the Avalon Terrane of the Canadian Appalachians and are considered to represent the remnants of an ancient, continental-margin volcanic/plutonic arc system in association with a west-ward dipping subduction zone.
A thick sequence of volcanic rocks consisting of rhyolite, andesite, basalt and tuff (Coxheath Group) in the north eastern portion of the property, are the oldest units. The volcanics have been intruded by a large coeval pluton (Coxheath Hills Pluton) of dioritic to granitic composition, in the western portion of the property. The entire sequence has been metamorphosed to greenschist or sub-greenschist facies and has undergone upright folding and tilting during the Middle Paleozoic and form topographic ridges across the property.
Two distinct areas are the focus of exploration work on these claims. The first area includes the historic Coxheath Copper Deposit and is located in the western portion of the claim area. Mine development was restricted to a series of shear zones in the Copper Brook Area. Significant mineralization also occurs around the old mine. Four main areas have been identified including the Mountain Mine Area, the Deep Pit Zone, the Aquitaine/Argyle Area and the Central Zone. Newly discovered mineralization in this area suggests that the Coxheath Deposit is a Cu-Mo-Au porphyry system.
The second area of exploration focus is in the eastern portion of the claim block approximately 4 km to the northeast of the main Coxheath Deposit.
Intensely altered shear zones in felsic volcanics contain extensive pyrophyllite mineralization. The combination of the regional geological setting, the structural geology and alteration patterns in this area suggests a genetic link with the Coxheath Deposit, which is consistent with deposit models linking porphyry copper and epithermal gold systems.
Please visit our NI 43.101 for further details.
The Coxheath Hills Claims are mainly underlain by a northeast-southwest trending belt of Precambrian plutonic-volcanic rocks in south eastern, Cape Breton Island, N.S. This is the westernmost of four plutonic-volcanic belts that forms part of the Avalon Terrane of the Canadian Appalachians and are considered to represent the remnants of an ancient, continental-margin volcanic/plutonic arc system in association with a west-ward dipping subduction zone.
A thick sequence of volcanic rocks consisting of rhyolite, andesite, basalt and tuff (Coxheath Group) in the north eastern portion of the property, are the oldest units. The volcanics have been intruded by a large coeval pluton (Coxheath Hills Pluton) of dioritic to granitic composition, in the western portion of the property. The entire sequence has been metamorphosed to greenschist or sub-greenschist facies and has undergone upright folding and tilting during the Middle Paleozoic and form topographic ridges across the property.
Two distinct areas are the focus of exploration work on these claims. The first area includes the historic Coxheath Copper Deposit and is located in the western portion of the claim area. Mine development was restricted to a series of shear zones in the Copper Brook Area. Significant mineralization also occurs around the old mine. Four main areas have been identified including the Mountain Mine Area, the Deep Pit Zone, the Aquitaine/Argyle Area and the Central Zone. Newly discovered mineralization in this area suggests that the Coxheath Deposit is a Cu-Mo-Au porphyry system.
The second area of exploration focus is in the eastern portion of the claim block approximately 4 km to the northeast of the main Coxheath Deposit.
Intensely altered shear zones in felsic volcanics contain extensive pyrophyllite mineralization. The combination of the regional geological setting, the structural geology and alteration patterns in this area suggests a genetic link with the Coxheath Deposit, which is consistent with deposit models linking porphyry copper and epithermal gold systems.
Please visit our NI 43.101 for further details.
Silvore Fox optioned claims in the Winston Lake area near Schreiber, ON from Orebot Inc on February 8, 2011. In the months following this event we analyzed existing geological and geophysical data to determine possible trends and high priority target areas surrounding the optioned Orebot properties and staked additional claims in the area (see map below) that bring the total land package under our control to 9,760 Hectares (610 total claims) of potentially favorable geology, all with 100% interest and no NSR (net smelter royalty).
This area hosts the highest grade Zinc deposit registered in Ontario (http://www.mndm.gov.on.ca/mines/ogs/resgeol/rfe/documents/zinc.pdf). VMS systems such as exists in the Winston Lake area can typically produce clusters of deposits in relatively close proximity to each other. Our goal is to find large tonnage deposits of a similarly high grade to the Winston and Pick Lake deposits.
As there were 2 underground mines working within 1.3 km of each other in this area during the 1990's (Winston Lake mine and Pick Lake mine) extensive infrastructure is already in place.
Note that Inmet Mining retains control over the area indicated in the map below which includes the Winston Lake mine, which has been mined out.
Silvore Fox optioned claims in the Winston Lake area near Schreiber, ON from Orebot Inc on February 8, 2011. In the months following this event we analyzed existing geological and geophysical data to determine possible trends and high priority target areas surrounding the optioned Orebot properties and staked additional claims in the area (see map below) that bring the total land package under our control to 9,760 Hectares (610 total claims) of potentially favorable geology, all with 100% interest and no NSR (net smelter royalty).
This area hosts the highest grade Zinc deposit registered in Ontario (http://www.mndm.gov.on.ca/mines/ogs/resgeol/rfe/documents/zinc.pdf). VMS systems such as exists in the Winston Lake area can typically produce clusters of deposits in relatively close proximity to each other. Our goal is to find large tonnage deposits of a similarly high grade to the Winston and Pick Lake deposits.
As there were 2 underground mines working within 1.3 km of each other in this area during the 1990's (Winston Lake mine and Pick Lake mine) extensive infrastructure is already in place.
Note that Inmet Mining retains control over the area indicated in the map below which includes the Winston Lake mine, which has been mined out.
