PIVIT COMPLETES INITIAL EXPLORATION PROGRAM ON MOOSEHEAD EAST GOLD PROJECT, NEWFOUNDLAND, CANADA
Vancouver, British Columbia, September 25th, 2018 - Pivit Exploration Inc. (CSE: PIVT) (the "Company" or "Pivit") announces it has completed an initial ground program at its newly acquired Moosehead East Property (the “Property”). The exploration program focussed on the Jumpers Brook area where historical sampling reported values of up to 2.3 grams per tonne (g/t) Au.
The program led to the discovery of quartz veins with arsenopyrite present as well as zones of alteration and silicification. A total of 19 samples have been sent to Eastern Analytical lab in Springdale Newfoundland. Assays are pending.
The program was designed to confirm, expand and re-interpret the known mineralization on Pivit’s newly acquired property in light of, and in relation to, the recent discovery at the adjoining Moosehead Gold Project immediately to the south-west owned by Sokoman Iron Corp.’s (TSX: SIC.V). Sokoman recently reported a drill core intersection of 44.96 g/t Au over 11.9 metres that included 5.65 metres at 93.56 g/t Au (see Sokoman news release dated July 24th, 2018).
An updated claim map is available for viewing on the Company’s website located at http://pivitx.com/pages/projects/moosehead/PIVT-Moosehead-East.pdf.
Pivit President Mike England states, "We are pleased with the outcome of our first pass visit to our Moosehead East Project located on what has been interpreted as the potential gold-bearing structural trend extending from Sokoman’s Moosehead gold discovery. Numerous samples are in the lab and we expect to report results imminently.”
The technical contents of this news release were approved by Dr. Scott Jobin-Bevans, P.Geo., a Qualified Person as defined by the National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 Technical Report.
Pivit is engaged in the business of mineral exploration and the acquisition of mineral properties for the benefit of its stakeholders.
On Behalf of the Board of Directors
Chief Executive Officer, President and Director
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.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)Back to Past News