Option Agreement Accepted
July 30, 2007
Supreme Resources Ltd. (the “Company”) is pleased to announce that its option agreement on the potential gold property, the Ample–Goldmax Property near Lillooet, BC, from prospectors Dave Javorsky and Gary Polischuk has been accepted for filing by the TSX Venture Exchange. Please see the Company’s news release dated May 7, 2007 for details on the option agreement.
A new NI 43-101 Report, dated July 24, 2007, outlining the history of gold mining & exploration of mineralized zones and recommending further exploration work on the Ample–Goldmax Property, has been completed by Dr. J.S. Getsinger, P.Geo. A copy of the full report can be found at www.sedar.ca.
The Ample–Goldmax Property, hosted in metasedimentary and metavolcanic rocks of the eastern Coast Ranges (Bridge River complex and Cayoosh Assemblage), was not only the source for rich placer gold taken from Cayoosh Creek in the gold rush of the 1880s, but also completely surrounds one past producer (Golden Cache Mine, 2722 tonnes of ore reportedly yielded 25,100g of gold and minor silver in 5 years) and includes another past producer (Ample Mine), both mining free gold-bearing quartz vein and metasedimentary ore in the late 1800s to early 1900s. Gold deposits are mesothermal, epigenetic, mother-lode style native gold-bearing quartz veins and gold in sulphide zones in deformed metamorphic rocks associated with thrust faulting.
The Company is initiating an exploration program to expand on more than $1 million of previous drilling, geological, and geochemical work done by Homestake Canada and others in the 1990s with the goal of further defining the anomalous Ample–Goldmax zone, only one of several prospective zones along a 3km trend of mineralized gold-bearing quartz veins and sulphide zones related to the Cayoosh Creek Fault. Several other mineralized zones on the property, such as the locally rich Bonanza ridge zone, deserve new consideration as well.
Dr. J.S. Getsinger is the Qualified Person for the purposes of NI 43-101.
For further information please contact John Davies, Director, at (604) 662-3004, local 107.
“Carl Jonsson”
Carl Jonsson
Director
