Sutton drilling at Creede silver property

A deep drilling program is under way on Sutton Resources’ (VSE) Creede silver property located in Colorado.

The program consists of two holes, both about 2,000 ft in length, and is designed to test the East Amethyst vein near the northern end of the claim block. Sutton’s partner, Denison Mines (TSE), has an option to earn a 55% interest in the Creede silver property by spending $7,450,000(US) over four years.

In the Creede district, epithermal silver veins are hosted by structural faults and breccia zones related to a 10-mile diameter caldera complex. The area ranks as one of the better known and richest silver camps in the United States. Homestake Mining Co. has been involved in a multi- million-dollar underground development program on its Amethyst property just north of the Sutton claims since 1984. Ore grade mineralization in gold and silver veins has been identified, but continuity and commercial grades have not been found.

On the Seattle Mine project, located at Republic, Wash., Sutton and 50% joint venture partner Texas Star Resources have completed an underground program. On-vein drifting in two headings yielded a 42-ft section of 1.02 oz gold per ton (uncut) over a 1.4-ft vein width, and a 38-ft section grading 0.33 oz gold (uncut) over 1.1 ft. Another section gave 68 ft of 1.17 oz gold per ton over 1.6 ft.

Surface drilling to expand reserves on Sutton’s South Penn property will continue with four holes designed to test the depth potential under the existing open pit zone. This property has a small proven tonnage of low grade material amenable to heap leach recovery.