SEA GREEN ANNOUNCES PARTIAL RESULTS FROM Casa-Berardi Drilling
TORONTO: Sea Green Capital Corp. (SGS-TSX Venture) (the "Corporation" or "Sea Green")
is pleased to announce partial results from Casa-Berardi Drilling.
Casa-Berardi Properties.
Sea Green holds a 70% interest in 265 claims and 20 cells covering 5008 ha arranged in a North Block and a South Block. In addition, the company has an interest in an additional 10 claims and 25 cells covering 1120 ha which are subject to a joint-venture agreement with Aurizon Mines Ltd.
Grids 1 and 2 in the South Block focus on the discovery of base metal massive deposits in a newly recognized area containing the prospective Jostle-Raymond volcanic rock sequence. Grids 4 and 5 cover specific areas in the North Block underlain by Casa-Berardi sedimentary rocks and are considered to be favourable for the occurrence of lode gold deposits.
GRID 1
On grid # 1 complete assay data from the three drill holes (726 m) have not yet been received. Sea Green drilling in early 2007 tested the west induced polarization zone and encountered graphite as the causative source of the anomaly. The eastern induced
polarization anomaly will be tested with two diamond drill holes (800 m) in August-September.
GRID # 2
The two drill holes completed (656m) confirmed the presence of the favourable Jostle–Raymond volcanic rocks underlying the grid area. Assays for these holes are pending.
GRID # 4
The geological potential to discover economic gold on the Casa-Berardi North Block has been enhanced by the Company’s current drill program and a detailed examination of historical
drill results. The 1991 historical drill program traced a zone of gold mineralization over a 600 metre strike length with values of 1.7 g/t Au over 1.5 m. 4.0 g/t Au over 3.4 m and 1.4 g/t Au over 5.8 m reported in three drill holes, respectively.
Prior to drilling, Sea Green completed an induced polarization survey on grid # 4, and
tested a portion of the anomalous response with three drill holes (741 m). Hole SC4-07-02, returned an average assay of 2.5 g/t Au over 3.0 metres, while SC4-07-01 and 03 returned only geochemically anomalous values.
The historical and current drilling information indicates that the zone is open along strike
and to depth. Subsequently, an additional 40 claims were acquired along strike to the east
and have been covered with an induced polarization survey, which delineated additional drill targets on the new claims. Follow up diamond drilling will be deferred until the winter months due to ground conditions. This gold-bearing zone appears to occur along a branch of the
Casa-Berardi Fault Zone (which hosts the Aurizon Mines Ltd. gold deposits on adjacent lands).
GRID # 5
Grid # 5 is located approximately 5 kilometres south of the producing Casa-Berardi mine
site. Drilling of an induced polarization anomaly encountered altered Casa-Berardi
sedimentary rocks. Assays for the two holes (546m) are outstanding.
G. A. Harron, P. Eng., a qualified person under the definitions established by National Instrument # 43-101, has reviewed the information contained in this news release.
Sea Green Capital Corp. is a junior exploration company focused on gold and base metal prospects in Ontario and Quebec.
Sea Green currently has 62,540,628 common shares outstanding.
The TSX Venture Exchange has not in any way passed upon the merits of the matters disclosed herein, and has not approved or disapproved the contents of this press release.
For further information: R. Brian Murray, (416) 985-7810, or John V. Hickey, (416) 903-6649.
Visit our new website at www.seagreencapital.com
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