(TSX.V: OZ | OTCQB: OZBKF | FSE: S600)
"We are very excited to finally have the highly prospective Silver Spoon Exploration Licence granted," commented
- Strong land position between two high-grade gold mines:
Silver Spoon is contiguous with Agnico Eagle'sFosterville exploration licences to the west and only 10 km north of Mandalay Resources Costerfield mine. - Initial fieldwork planned at Silver Spoon: Systematic geological mapping together with soil geochemical surveys are being planned and will commence in the coming months.
The grant of the Silver Spoon Exploration Licence (EL006951) from the Victorian Government's
The Silver Spoon project straddles a significant north-trending structural corridor, the Heathcote Fault zone, that separates the
Previous exploration at Silver Spoon was focused on the Crosbie target, located near a contact with the Devonian aged Crosbie granite. The Crosbie granite is prospective for gold-antimony mineralization, a hallmark geochemical signature of the nearby
The first batch of samples from the recently completed Yeungroon air-core drill program have been submitted to SGS labs for fire assay gold analyses. More sample batches to be sent over the coming weeks.
Outback recognises the importance of open and honest community engagement in all our exploration activities. We approach all our exploration activities in a sustainable manner and ensure our activities comply with the Victorian Code of Practice for Mineral Exploration. As such, community consultation with local landowners has commenced and is ongoing.
Motton, N.T., 2002, Final Report for the period ending 22/3/2002,
This news release has been approved by Mr.
The data disclosed in this news release is related to historical exploration results. Outback has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the historical exploration work in order to verify the results. Outback considers these geochemical results relevant as the Company is using this data as a guide to plan exploration programs. The Company's current and future exploration work includes verification of the historical data through new sampling.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Silver Spoon project.
~signed
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This news release includes certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the Company's business and prospects; the Company's objectives, goals or future plans; resumption of trading in the Company's common shares; and the business, operations, management and capitalization of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Accordingly, the forward-looking statements discussed in this release, including the resumption of trading, may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the companies. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
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