(via Thenewswire.ca)
September 25 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. A total of seven drill holes have been completed on the property this fall, with a total of 438m drilled.
Of particular interest, in the drilling to date, is drill hole AG-08-38, which encountered 6.05m of strongly quartz-veined greenstone and graphite phyllite from 30.12m to 36.17m, accompanied by arsenopyrite, pyrite, and pyrrhotite. Visible gold is present at two locations within this zone.
Gold-bearing quartz-carbonate veins with associated arsenopyrite, pyrite, and pyrrhotite are widespread on the Ample-Goldmax property, with past drilling encountering intercepts as much as 8.2m grading 11.79g/t Au. The geologic setting of mineralized greenstones and phyllites along a major, regional fault zone and the quartz-carbonate-arsenopyrite-gold association make the Ample-Goldmax a prime target area for Mother Lode-type gold deposits.
Please refer to the news release dated September 15, 2008 for details of hole #AG-08-36 and -37.
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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