Jul 25th, 2011 Copyright (c) 2011 Thenewswire.ca - All rights reserved.
(via Thenewswire.ca)
Vancouver, BC, July 25, 2011 - Vatic Ventures Corp (TSX-V: VCV and Frankfurt: V8V) is pleased to announce that it has completed its previously announced Phase 1 Exploration program on its BM property within the Spences Bridge Gold Belt near Merritt, BC.
The program consisted of mapping and sampling of the northern part of the about 7,000 ha large property. During this phase, 11 stream sediment samples, 31 rock samples and 517 soil samples were taken and submitted to ACME Laboratories in Vancouver, BC. The samples were taken in the northeast and middle part of the property as previously identified as the most interesting areas. The results of the samples are encouraging with multiple anomalous gold assays and lead the company to the decision to enter into the Phase 2 program.
The Phase 2 program will consist of a sampling program over a 2,600 m by 2,700 m grid with 100 m lines sampled at every 25 m.
Mr. Stephen B. Butrenchuk, P. Geol, is the independent qualified person for the technical disclosure contained in this news release and has approved the disclosure herein. Mr. Butrenchuk was involved the initial work program on the property and has examined and reviewed the analytical data and quality control results.
ABOUT VATIC VENTURES CORP.
Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company developing high yield precious metal projects throughout North America. Focusing on high yield gold and silver projects, Vatic Ventures currently holds two projects, the BM property in the Spences Bridge Gold Belt near Merritt, BC and has signed a Letter of Intent for the La Silla West property near Mazatlan. The company continues to explore new opportunities and prospects.
ON BEHALF OF THE BOARD OF DIRECTORS
"Nasim Tyab"
Nasim Tyab
President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Forward Looking Statements
Some of the statements contained in this release are forward-looking statements. Forward-looking statements include but are not limited to, statements concerning estimates of recoverable minerals, expected mineral prices, expected costs, statements relating to the continued advancement of the Company's projects and other statements which are not historical facts. Forward looking statements in this news release include that we will enter into a Phase 2 program to consist of a sampling program over a 2,600 m by 2,700 m grid with 100 m lines sampled at every 25 m. Various factors could cause actual results to differ from these forward-looking statements including the potential that the Company's projects will experience technical and mechanical problems, geological conditions, inability to raise sufficient financing, the possibility that other projects become the Company's focus, poor results and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. The Company assumes no responsibility to update forward looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchnage) accepts responsibility for the adequacy or accuracy of this release.
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