Ocean Park Ventures Corp. ("Ocean Park" or the "Company") is a Canadian junior mining company focused on the exploration of bulk tonnage copper and gold in British Columbia, Alaska and Mexico that possess world-class resource potential in premier mining districts. The Company's shares are listed on the TSX Venture Exchange under the symbol "OCP".
Ocean Park currently has three drill-ready multi-target properties including the Chisna copper/gold project that covers approximately 90,000 hectares located in south central Alaska; the Trapper gold project comprising 3,700 hectares in northern British Columbia and the Adelita copper/gold/silver project comprising 11,400 hectares in Sonora, Mexico.
The company was formerly known as eTV Technology Inc. and changed its name to Ocean Park Ventures Corp. in April 2009. Ocean Park Ventures Corp. was incorporated in 1987 and is based in Vancouver, Canada.
Mr. Paul Matysek reports
SAMPLES RETURN UP TO 4.2% COPPER, 0.68% MOLYBDENUM, 1.92 G/T GOLD AND 94.0 G/T SILVER
Ocean Park Ventures Corp. has discovered a new zone of high-grade copper-gold-silver-molybdenum mineralization at the Metla project, part of Ocean Park's 250-square-kilometre contiguous land position which also includes the Trapper project, Northern British Columbia. Prospecting and mapping in late summer 2011 discovered a copper-gold-silver-molybdenum mineralized system with a 4 square kilometre footprint that remains open to extension.
A total of 76 grab samples of bedrock and float were taken across a four square kilometre area, returning highly anomalous copper, gold, silver and molybdenum. Copper values range from below detection limits to 4.2% copper. Molybdenum values range from below detection limits to 6780 ppm (0.68%) molybdenum. Silver values range from below detection limits to 94.0 g/t silver, and higher values are generally associated with increased molybdenum. Gold values range from below detection limits to 1.92 g/t gold.
Within the four square kilometre area, a 1.3 kilometre by 700 metre zone of enriched molybdenum, copper, silver and gold has been discovered, returning an average of 422 ppm molybdenum (0.042% molybdenum), 0.35% copper, 14.0 g/t silver, and 0.19 g/t gold. This zone remains open to extension within a recently deglaciated valley with limited bedrock exposure, containing variable till cover including altered and mineralized float. The dimensions of the zone are defined by bedrock mapping, and hence the total size of the mineralized system may be larger beneath the glacial sediments.
Mineralization at Metla is associated with a broad hydrothermal system that has previously been reported to contain gold-mineralized sulfide-bearing breccias, one of which is mapped across a 150 metre by 200 metre exposure and has returned 4.7 g/t gold over a 9 metre chip sample. The newly discovered copper-gold-silver-molybdenum zone is located immediately south of these breccias, demonstrating a multi-kilometre mineralized system with significant size and grade potential.
All targets at the Metla project will be drilled in 2012. Ocean Park's 250 square kilometre Trapper district contiguous land position includes the Trapper, Golden Fleece, Argonaut, Mega and Metla claim groups. The claim block contains numerous mineralized zones, including the recent drill discovery of gold-and copper mineralized porphyry and a 2.3+ kilometre striking gold-silver-base metal mineralized structural system with visible gold at the Trapper project.
Mr. Chris Taylor, M.Sc. P.Geo, is Vice President Exploration with Ocean Park and is the Qualified Person as defined by National Instrument 43-101, who supervised the preparation of the above information.
For further information please contact Mr. Paul Matysek, M.Sc. P.Geo, acting President and Chairman or Mr. Chris Taylor, M.Sc. P.Geo, Vice President Exploration at 604-681-0084.
