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SEYMOUR EXPLORATION CORP. NEWS RELEASE April 18, 2006
Seymour Exploration Corp. Updates Exploration Progress at Lynn LakeSudbury, Ontario – April 18, 2006 – Seymour Exploration Corp. (SEZ: TSX-V) today reported on three recent exploration developments at Lynn Lake. Highlights of these developments are:
The Company has mobilized a second drill to the property. This second drill will focus on new near surface targets, allowing the original drill to be dedicated to the program’s original targets. The Company is currently drilling a hole to test the ‘Golf’ target, which is situated just below the 3,000 foot level. This hole is nearing its target and, once finished, will be used as a platform from which to conduct down hole geophysical surveys and may be used as a pilot hole to drill wedged branches quickly into the Golf mineralized zone, in order to define the full size and extent of the zone. Previous operators drilled only 6 holes into the Golf zone. Results of this historic drilling include 75 feet of 1.2% nickel, 0.5% copper and a separate intersection of 55 feet of 1.7% nickel, 0.6% copper, which occurs in a broad mineralized section of 297 feet of 0.6% nickel and 0.3% copper. An ongoing multi-loop electromagnetic (TDEM) survey is being completed over the entire mine area. Data has been received for approximately 35% of this survey. The survey has already been successful in detecting a new, large conductive zone that begins just south of the ‘B’ orebody. From there, this conductive zone extends through the ‘B’ crown pillar and northward towards the A mine complex. Geophysical modeling indicates that this conductive anomaly could represent a body approximately 450 feet in width and with a strike length of at least 1,500 feet. This conductive feature plunges moderately to the northeast. This new target zone is situated in an area that was not tested in the past. “The near surface location of this new target zone makes it very attractive” stated Richard Murphy, president and CEO, “We believe the absence of drill holes in this area is explained by a thick layer of overburden covering the bedrock between the ’B’ orebody and the A mine. Previous operators could not have penetrated this overburden with the geophysical instruments available in the past. Any surface geophysical testing that might have taken place in this area in the past would simply not have been able to reach this zone.” The initial drill program at Lynn Lake has intersected mineralization in the margin of this new target zone, to the south of the ‘B’ open pit. Sulphide mineralization averaging approximately 25 meters in width was intersected in three boreholes. The nature of this mineralization is similar to that found in the margins of several of the orebodies at Lynn Lake. Assays have been received for the first two holes completed in this area. Drill hole LLN-001 intersected nickel mineralization at a vertical depth of 59 meters. The mineralization included 1.0% nickel and 0.6% copper over 1.3 meters. Hole LLN-002 intersected nickel mineralization at a vertical depth of 91 meters. The mineralization included 0.9% nickel and 1.3% copper over 0.4 meters. These holes were drilled south of the ‘B’ orebody and tested the southern edge of the large newly identified conductive target. Drilling has now shifted to the north of the ‘B’ orebody in the main portion of the new target. Seymour Exploration Corp. acquired 100% ownership of the Lynn Lake property in early 2005. After defining the known resource, the property is now being tested for additional resource potential. The mine produced 22.2 million tons of ore at an average grade of 1.0% nickel and 0.5% copper between 1953 and 1976. Currently, measured and indicated resources on the property include 6.3 million tons grading 0.85% Nickel and 0.39% Copper (see the Company’s 43-101 compliant resource estimate, as detailed in its press release of September 19, 2005). For further information on the former Lynn Lake mine, and its exploration potential, please visit the Company’s website at www.seymourexploration.com. Samples have been analyzed by ALS Chemex in North Vancouver, British Columbia. Seven elements are analyzed by four acid “near total” digestion and ICPAES finish. Assays for nickel and copper are completed on selected samples by four acid “near total” digestion and AAS finish. Select samples are analyzed by Sodium Peroxide Fusion, acid dissolution and ICPAES analysis. The Qualified Person responsible for the technical content of this news release is Richard Murphy, P. Geo., President and CEO of Seymour Exploration Corp. FOR FURTHER INFORMATION PLEASE CONTACT: Seymour Exploration Corp. Email: info@seymourexploration.com 957 Cambrian Heights Drive This document may contain forward-looking statements relating to Seymour Exploration Corporation’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Seymour’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Seymour disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. |
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| INDEPENDENT NICKEL CORP. (Head Office) | 705-521-8444 (Phone) | Site Design by |
| 102-957 Cambrian Heights Drive, Sudbury, Ontario P3C 5M6 | 705-521-1845 (Fax) | Trev's Webs |
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