Lovitt Resources Inc. (TSXV: “LRC”, “the Company”) is pleased to announce that the public comment period regarding the drill permit for the Matthews property in Chelan County WA State has passed without opposition. Therefore the permit is now in effect for one year with an expiry date of December 21, 2012.
The company has begun the work of spotting drill holes with SurpacTM, a Gemcom Software International Inc. product, the leading 3D software for mineral exploration. The company also intends to enter the historic data of the Lovitt Gold Mine over nine levels and 7 miles of tunnels to accommodate further exploration on its wholly owned mine property. Surpac data input will encompass long hole drill assay data, muck sample assay data, production data and wall sampling from its 1950 t0 1967 production years, as well as considerable exploration data assembled by the Anaconda Mining Company, Cyprus Anvil Exploration, and Asamera Minerals (US) Ltd. operator of the adjoining Cannon Mine, in past exploration programs from 1972 to 1992.
Data on the Matthews and Lovitt Gold Mine will be available in 3D when available on the website of the company at: http://www.lovittresources.com
The Lovitt and adjoining Cannon gold mines jointly produced over 1.6 million ounces of gold and 2.4 million ounces of silver with a joint average grade of 10.3 gm/t gold and 17 gm/t of silver.
The company is reviewing financing options to complete 4,000 meters of drilling in Phase 1 without interruption. A drill contract has been signed and a drill rig is available immediately. Phase 2 will be dependent upon Phase 1 drill results, anticipated to take approximately two months from the start date.
This news release was reviewed and approved by our Director James Proudfoot, P Eng., a qualified person under NI 43-101.
For more detailed information, please refer to the website of the Company at: http://www.lovittresources.com or eMail: firstname.lastname@example.org
or call Lorne Brown, President of the Company at (509)668-8170.