(via Thenewswire.ca)
September 15 2008 - Supreme Resources Ltd. ("the Company"SPR-TSX.V) is pleased to announce that drilling continues on its Ample-Goldmax property, near Lillooet, British Columbia. In recent years, the Ample-Goldmax property, which encompasses more than 60km2, has been the focus of exploration activities for gold deposits by Gold-Ore Resources Ltd. and by Homestake Canada Inc. As of September 1, 2008, Supreme Resources has completed two diamond drill holes on the Ample-Goldmax property:
Drill hole AG-08-36 was drilled vertically to a depth of 102.74m (337ft) and encountered numerous zones of quartz veining & pervasive silicification in graphitic phyllites and greenstones in & adjacent to a regionally prominent thrust fault.
Drill hole AG-08-37 was drilled at a -55 degree angle toward the N70W (Azimuth 290) to a total depth of 93.60m (307ft) and encountered 2 significant thicknesses of quartz veining and silicification: an upper zone from 40.60m to 47.26m (a length of 6 66m or 21.8ft) of strongly silicified graphitic phyllite with disseminations of pyrite, pyrrhotite, and chalcopyrite, and a second mineralized zone was encountered from 59.82m to 84.65m (a length of 24.83m or 81.4ft), which consists of strongly silicified graphitic phyllite and strong quartz vein development. The quartz veining and silicification is accompanied by widespread arsenopyrite, pyrrhotjte, and chalcopyritehe. True widths of these quartz vein and silicified zones have not yet been determined.
Assays are pending on the mineralized zones from these two drill holes. Drill core samples are being assayed at Acme Analytical Laboratories in Vancouver. Drilling is proceeding on the Ample-Goldmax property, with an additional 2 to 4 diamond drill holes anticipated. A quality assurance and quality control (QA/QC) program is in place. The Qualified Person for this news release is Mr. Marvin A. Mitchell, P.Eng. Mr. Mitchell visited the Ample-Goldmax property on September 13, 2008 and also viewed the core from drill hole AG-08-36 and drill hole AG-08-37. Visible gold was noted in drill Hole AG-08-37 at 63.11m (207ft).
Expenditures for the Ample-Goldmax gold project are partially funded through a private placement by Mineral Fields Group (a division of Pathway Asset Management) a Toronto-based mining fund. Information about MineralFields Group is available at www.mineralfields.com.
Supreme Resources Ltd. is a growing resource company dedicated to generating profitable growth acquisitions, exploration and drilling opportunities throughout North America. Currently the Company has a 100% interest in the Ample-Goldmax Property, a mineral project in the Lillooet Mining Division in British Columbia, Canada and has signed an option agreement to acquire the TAS Project located in the Copper Mountain Mining Camp in southern British Columbia.
ON BEHALF OF THE BOARD
"Allan Levien"
Allen E. Levien
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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