Silvore Fox Minerals Announces Warrant Exercise for Gross Proceeds of $1,125,000
Dr. Jingbin Wang, Chairman of Sino Minerals Corp. states, "I am very pleased to see Silvore Fox's management and technical team have been strengthened in the past six months and that the Corporation has made steady progress in the exploration of the Coxheath property and new acquisition opportunities. Sino is a long term strategic partner of Silvore Fox and Sino will provide financial and technical support. I am looking forward to Silvore Fox making rapid developments in near future."
"We are very pleased to see these warrants exercised early," states Harry Cabrita, President and CEO . "The additional funds give the Corporation a stronger balance sheet and working capital position enabling the accelerated exploration of the Coxheath Deposit and the ability to implement strategic acquisitions consistent with our stated objectives."
NEITHER THE 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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Harry Cabrita, President & CEO
Dr. Jingbin Wang
Chairman
Telephone: (902) 832-1060
Facsimile: (902) 422-9208
Email: info@silvorefox.com
For Investor Relations please contact;
The Howard Group Inc.
Dave Burwell/Grant Howard
Investor Relations
Toll Free: 1-888-221-0915
Phone: (403) 221-0915
Email: Info@howardgroupinc.com
www.howardgroupinc.com
Silvore Fox Minerals Announces Appointment of New Director
Halifax, Nova Scotia -- Silvore Fox Minerals Corp. (TSXV: SFX) (the "Corporation") is pleased to announce the appointment of Andrew Lee Smith, B.Sc., P.Geo., as a director of the Corporation; bringing the total number of Board members to six. Mr. Smith is currently President and Chief Executive Officer of Canaco Resource Inc. (TSXV:CAN) and a Director and Co-Founder of True North Gems (TSXV:TGX).
Mr. Smith has over 20 years of experience in exploring, developing and operating North American base and precious metal mining and gem projects. While working with Aurizon Mines Ltd., between 1985 and 1998, Mr. Smith rose from a supervisory role to becoming the Vice-President of exploration. He was awarded the '1994 Mining Entrepreneur of the Year Award' from the Quebec Prospector's Association for his work overseeing the exploration and development of the Beaufor Gold Project and also received in 2009 a 'Distinguished Alumni' Award from the University of Waterloo, Faculty of Science. Mr. Smith has considerable expertise derived from his experience in exploration, acquisitions, joint ventures and mine development.
Mr. Smith holds a BSc and is a professional geologist as well as a member of the Association of Professional Engineers and Geoscientists of British Columbia.
"The addition of Mr. Smith to our Board of directors further enhances our balance of geological, financial, operational, and strategic skill sets. We believe this will greatly assist the Corporation in the development of our flagship Coxheath Copper/Gold/Moly Porphyry project and with the Corporation's future acquisitions," stated Harry Cabrita, President and CEO of Silvore Fox Minerals Corp. "We welcome Mr. Smith to the team and look forward to his contributions."
The Corporation has granted options to Mr. Smith to acquire 300,000 common shares of the Corporation at an exercise price of 10 cents per common share, which will expire June 8th, 2015.
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 option and joint venture agreements for the 'Oceanview', 'Nictaux' and 'Shortliff' properties, strengthens SFX's position as a regional mineral exploration company.
NEITHER THE 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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Harry Cabrita, President & CEO
Dr. Jingbin Wang
Chairman
Telephone: (902) 832-1060
Facsimile: (902) 422-9208
Email: info@silvorefox.com
For Investor Relations please contact;
The Howard Group Inc.
Dave Burwell/Grant Howard
Investor Relations
Toll Free: 1-888-221-0915
Phone: (403) 221-0915
Email: Info@howardgroupinc.com
www.howardgroupinc.com
Silvore Fox Minerals Announces Comprehensive Exploration Program on Coxheath Copper / Gold Property & Additional Mineral Claim Holdings
The program was developed after months of review and planning by teams in Beijing and Halifax. It is being spearheaded by mineral exploration veteran Dr. Jingbin Wang, and will be led on site by Dr. Zhenquan Gao, the Corporation's newly appointed VP Exploration. For this program, Dr. Wang and Dr. Gao will oversee geophysical and geochemical technicians, exploration geologists and other staff working in the field.
The following exploration program has been designed to advance the resource potential and economic significance of the major structural zones identified at the Coxheath property.
• A diamond drill program (details to be released after interpretation of IP);
• A high resolution ground magnetic survey and IP survey, will be undertaken to help understand the complex structural features and the relationships between geological units at Coxheath;
• Surface trenching will be carried out in well defined, anomalous zones to help delineate mineralized bodies and alteration zones at the surface;
• A soil geochemistry survey will also be undertaken, to more accurately define drill targets associated with magnetic and IP survey anomalies;
The Corporation is also pleased to announce an increase in the claim holdings at its 100% owned mineral rights at the Coxheath Deposit. The corporation staked 4680 acres bringing the total mineral right holdings to 9400 acres (3804 ha). This additional acreage is a reflection of the positive nature of the extensive analysis compiled over the past number of months by the Corporations management and technical teams.
"This step forward is a welcome progression of the development of the Coxheath Property," states Harold Cabrita, President & CEO of Silvore Fox Minerals. "The coordination between exploration staff in Halifax and Dr. Jinbing Wang's team in Beijing has produced an exploration program and strategy that we expect will produce significant advances in understanding the geology and associated resource potential of the Coxheath Deposit. This exploration strategy is consistent with major mineral deposit findings as implemented by Dr. Wang and Dr. Gao worldwide".
The Coxheath exploration program has been developed after extensive compilation and interpretation of historical data on the Coxheath project by the Corporations newly appointed senior management and technical team. The data that has been interpreted includes geological mapping, extensive geophysics/geochemistry, diamond drill hole data, etc. (see news release dated May 21st, 2010).
Fred Bonner, P.Geo, Vice President -- Operations, is the qualified person as defined by National Instrument 43-101, who has reviewed and approved the technical information presented above.
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.
NEITHER THE 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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Harry Cabrita, President & CEO
Dr. Jingbin Wang
Chairman
Telephone: (902) 832-1060
Facsimile: (902) 422-9208
Email: info@silvorefox.com
For Investor Relations please contact;
The Howard Group Inc.
Dave Burwell/Grant Howard
Investor Relations
Toll Free: 1-888-221-0915
Phone: (403) 221-0915
Email: Info@howardgroupinc.com
www.howardgroupinc.com
Introduces Geological & Technical Management Team & Provides Exploration Update
Details of the initial exploration program, which will start in June, will be announced in the very near future. Site preparation is underway, including the construction of additional core storage racks and the maintenance of drill roads. Harold Cabrita, President & CEO, Silvore Fox Minerals states, "For the first time Silvore Fox has been systematically evaluating the 'Coxheath Property' as it now has the necessary financial and technical resources, an aggressive but calculated mindset and a new, world class technical team." The work which includes geophysical, geochemical survey interpretation as well as geological/structural mapping will underpin this year's drilling program at Coxheath with its historic copper deposit. The objective is to detail the correlation between mineralized zones on the property, adjacent mineralized areas in all directions and expand copper-molybdenum-gold porphyry targets. The extensive data compilation has been conducted by the corporation's staff in Halifax. Review and re-interpretation of the historical geological/structural maps as well as further interpretation of geochemical and geophysical surveys is being conducted by geophysical, geochemical and exploration experts in Beijing led by Dr. Jingbin Wang and managed by Dr. Zhenquan Gao.
The new geological & technical management team includes the following:
Dr. Jingbin Wang, Ph.D. Geology, Chairman of the Board - Silvore Fox Minerals Corp.
Dr. Zhenquan Gao, Ph.D. Geology, Vice-president Exploration
Fred J. Bonner B.Sc. (Hon. Geo.), M.A.Sc./M.U.R.P., P. Geo. Vice-president Operations
Lyndon Jensen B.Sc. (Hon. Geology), P. Geo. Consulting Geologist,
Dr. Jingbin Wang, Ph.D. Geology,
Chairman of the Board - Silvore Fox Minerals Corp.
Dr. Jingbin Wang is an accomplished mining team leader with a track record of discovering major deposits around the world. Dr. Wang has been very successful in the application of technical innovation and leading his teams to the discovery of large deposits of lead/zinc (Wulage, China), copper/silver (Sareke, China) and copper/zinc (Kalatage, China) as well as several other deposits in Inner Mongolia. The large Aolunhua Porphyry Copper & Molybdenum deposit (Inner Mongolia) discovered by Dr. Wang and his team began with a grass roots exploration program to a full producing mine - 13,000 tonnes/day over a three year period.
Dr. Wang is the Executive Director of China Nonferrous Metals Resource Geological Survey (CNGS). CNGS is a public institution officially ratified by the Office of Central Institutional Organization Commission with a bureau-level rank. The CNGS possesses five public institution branches and consists of over ten holding and share-holding subsidiary companies. The CNGS has over 300 employees made up largely of intermediate and senior ranked professionals from various technical fields and academic backgrounds. This talented group of employees gives CNGS unique technical and operational advantages in mineral exploration, mining development and geo-technical services.
CNGS is focused on developing mineral exploration and expanding, sound and rapid, mining developments both within China and around the world. CNGS maintains a long-term strategic cooperative partnership with well known Chinese mining enterprises, such as Aluminum Corporation of China (CHINALCO), China National Gold Group Co., and Shandong Gold Group Co., Ltd.
Dr. Wang co-founded SinoTech Mineral Exploration Co. Ltd., which is one of the largest exploration corporations in China. Under Dr. Wang's leadership (Chairman since the corporation was founded in 2004 ), SinoTech has become involved with over 30 international exploration and mining projects in seven countries, through three subsidiaries - Beijing Donia Resources Co., Ltd, SinoTech (Hong Kong) Corporation Limited and SinoTech Mineral Exploration Chile Limitada. The majority of these projects are located in Africa, South-America and Southeast Asia. For example, fourteen projects are located in Ethiopia (covering approximately 3000 km2) and focus mainly on VMS-type copper-zinc deposits; six projects are located in the San Diego and Copiapo areas of Chile (covering more than 300 km2) and are focused on prospecting for IOCG type copper-iron-gold and porphyry copper deposits, and two projects in Laos, which covers about 90 km2 and focuses on copper polymetallic deposits in skarns and porphyries. SinoTech also invests in other exploration ventures through equity participation in several companies.
Dr. Wang is also Chairman of Sino Minerals Corp. and Chairman of Canaco Resources Inc. (CAN: TSX -V)
Dr. Wang is a leader in the nonferrous metals field in China with over 25 years of experience. Dr. Wang has managed and completed more than 40 national exploration and research projects and continues to place a high value on the integration of research, innovation and exploration. He has published more than 90 papers and 4 monographs in national as well as international publications. He is the Chief Scientist of the State 973 Project on Mineral Resources, as authorized by the Ministry of Science & Technology (P.R. China), and serves as the chief editor of Geology and Prospecting.
Dr. Wang has won three First Technology Prizes at the Provincial Level and one First Exploration Achievement prize. He was appointed as the "National Middle-Young Achieved Technical Expert" by the Ministry of Personnel of China (1999), and was granted the "11th LiSiguang Geological Prize" in 2009 - the highest prize in the field of geology in China, for his accomplishments and service.
As an accomplished geologist and manager, Dr. Wang is actively involved in the China mining society. He has created and maintained a long-term co-operative relationship with the Chinese Government and the mining community in China. Dr. Jingbin Wang currently serves as the deputy director of the China Nonferrous Metals Industry Association, Geological Society of Sciences and the China Mineral Exploration Association.
Dr. Wang received a B.Sc in Mineral Prospecting and Exploration from Central -- South University of Technology Changsha, China in 1982. Subsequently, he earned Masters and PhD Degrees in magmatic petrology, economic geology from the same university. Dr. Wang conducted Postdoctoral research at the Institute of Geochemistry, Chinese Academy of Sciences (China) in 1991.
Quoting Dr. Wang, as released in the Corporation's news release dated March 30th, 2010, Dr. Jingbin Wang, Chairman of Sino Minerals Corp. states, "We have full confidence in Silvore Fox's management team and look forward to new developments in exploration on the Coxheath Property. We will provide technical and financial support to Silvore Fox and maintain a long -- term, strategic cooperation. We look forward to improving the Corporation's value through advancements on existing properties and acquisitions of new resources."
Dr. Zhenquan Gao, Ph.D. Geology,
Vice-president Exploration
Dr. Zhenquan Gao co-discovered two gold deposits at Liba and Jinshan in China. He was also involved with the discovery of the Wulagen sandstone hosted lead/zinc deposit (China) and the Sareke sandstone hosted copper/silver deposit (China). He is currently the president of Sino Minerals Corp. and is Vice-president and Chief Geologist of Beijing Donia Resources Co., Ltd.
Dr. Gao has 24 years of experience in geological research and exploration in various countries, including China, Canada, Laos, Mongolia, Angola, Ethiopia, Eritrea and Congo (Kinshasa). He has extensive experience in the fields of regional metallogeny, geochemistry, prospecting and deposit modeling in various settings such as MVS, MVT, Porphyry, Skarn, Carlin, vein and strata-bound mineralization styles. He founded and was the inaugural President of three joint venture companies in Ethiopia and was responsible for the projects prospecting/exploring for MVS Cu-Zn resources in the north of Ethiopia from 2007 to 2008.
Dr. Gao continues to be active in the academic community as he serves as academic advisor to master's students in geology at the Kunming University of Science and Technology, China. He has published over 30 articles in academic journals and composed approximately 50 geological reports. He has achieved the Second Place Prize of Science and Technology Progress Award of China National Non-ferrous Metals Industrial Corporation.
Dr. Gao received a B.Sc. in Geochemistry from Guilin University of Technology (formerly the Guilin Metallurgical and Geological College), Guilin, China in 1986. He earned a Masters Degree in Mineralized Geochemistry from China University of Geosciences, Wuhan, China in 1992 and a PhD in Mineral Prospecting and Exploration from Central South University, China in 2002. Dr. Gao completed post doctoral studies at the Institute of Geochemistry, Chinese Academy of Sciences in 2005.
Fred J. Bonner B.Sc. (Hon. Geo.), M.A.Sc./M.U.R.P.
P. Geo. Vice-president Operations
Mr. Bonner has over 25 years experience in the fields of geology, mineral resource development and environmental planning in the areas of geological mapping, mineral exploration, environmental protection, government regulation, strategic planning, facilitation and public engagement. Mr. Bonner has over a hundred open file maps, reports or published maps to his credit.
Mr. Bonner is a Councillor for the Association of Professional Geoscientists of NS and the President of the Atlantic Chapter of the Canadian Land Reclamation Association (CLRA). In 2009, Mr. Bonner was presented with the Dr. Edward M. Watkin Award, a Canadian national award for his work in advancing reclamation and the CLRA in Atlantic Canada. Mr. Bonner was also recently appointed to the Minerals Panel of Expertise, by the Minister of Natural Resources, to help develop recommendations for the department's new Natural Resources Strategy.
Mr. Bonner received a Bachelor of Science (Hon. Geo.) from St. Mary's University, Halifax, and subsequently completed Masters Degrees in Applied Science and Urban and Rural Planning at Dalhousie University, Halifax. Mr. Bonner is a member of the Association of Professional Geoscientists of Nova Scotia.
Lyndon Jensen B.Sc. (Hon. Geology),P. Geo.
Consulting Geologist,
Mr. Jensen has been an exploration geologist for the past 35 years. He has explored for a wide variety of commodities in numerous geological environments with both major and junior exploration companies. Mr. Jensen started his own geological consulting company, Bluenose Gold Exploration Ltd., in 1990, where he served many clients in connection with base and precious metals, as well as coal bed methane, and other exploration initiatives. Mr. Jensen has been involved with the Coxheath property since 1995, in connection with Burnt Point Resources and joint venture partner Mispec Resources and again with Coxheath Resources Ltd. from 2005-2008. Mr Jensen was an instructor for a number of basic and advanced prospecting courses for the Nova Scotia Department of Natural resources throughout the 1990's.
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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as the term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Harry Cabrita, President & CEO
Dr. Jingbin Wang
Chairman
Telephone: (902) 832-1060
Facsimile: (902) 422-9208
Email: info@silvorefox.com
For Investor Relations please contact;
The Howard Group Inc.
Dave Burwell/Grant Howard
Investor Relations
Toll Free: 1-888-221-0915
Phone: (403) 221-0915
Email: Info@howardgroupinc.com
www.howardgroupinc.com
SILVORE FOX MINERALS CORP. Announces the Engagement of an Investor Relations Consultant
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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as the term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Harry Cabrita, President & CEO
Telephone: (902) 832-1060
Facsimile: (902) 422-9208
Email: info@silvorefox.com