Mr. Derrick Strickland reports
VELA MINERALS COMPLETES WORK PROGRAM ON THE MAVIS BANK AND
PORT ANTONIO PROPERTIES, JAMAICA, WEST INDIES
Vela Minerals Ltd.'s crews have completed groundwork on the Mavis Bank and Port Antonio
special exclusive prospecting licences located in Jamaica, West Indies.
Port Antonio concession -- Coopers Hill area
Geochemical analysis of seven rock chip samples taken over a 900-by-1,300-metre area averaged 2.35 per cent copper and
239 parts per billion gold. The highest copper values are associated with chalcocite veins and fracture filling.
Elevated precious metal values that occur in two rock chip samples from the area west of Trowell Gate
breccia/agglomerate indicate a new prospective area for copper-silver-gold-bearing mineralization.
ROCK SAMPLE RESULTS IN 2015
Sample ID Au (ppb) Ag (ppm) Cu (ppm) Cu (%) Zn (ppm) Zn (%)
938921 28 6.77 23,000 2.3 93
938922 Less than 5 7.66 21,300 2.13 94.1
938923 730 16.8 26,100 2.61 90.1
938924 185 40.1 48,300 4.83 65.4
938925 221 24 23,000 2.3 116,000 11.6
938926 50 2.78 7,390 0.74 11,000 1.1
938927 465 57.5 15,100 1.51 1,610
Previous work in the Coopers Hill area has outlined numerous precious and base metal-bearing mineral
exploration targets. The chalcocite-bornite-bearing Trowell Gate intrusion is interpreted as a vertically
emplaced high-level intrusive breccia pipe that has potential for a buried intrusive related copper (silver-gold)-bearing hydrothermal system at depth.
Bellevue area
A total of 26 geology stations within the 1.5-by-1.5-kilometre area of the leached lithocap was mapped
and sampled in order to identify lithology, minerals, alteration and textures.
The Bellevue area is underlain by andesitic-dacitic volcanic rocks (porphyritic and fine-grained tuffs/flows)
which are cut by occasional two- to five-metre-wide Cretaceous granodiorite-diorite intrusive dikes/sills. The
Bellevue lithocap is characterized by widespread argillic alteration and strong bleaching of country rock
accompanied by 2 to 8 per cent limonite (goethite and jarosite), hematite, chlorite, sericite, zeolite, and kaolinite as
disseminations and fracture fillings.
Extensive bleaching and argillic alteration (illite and sericite), co-extensive with the zone of strong,
hematitic and goethitic limonite staining in the three- to 30-metre-thick leached cap, correlate with induced polarization and
magnetometer survey positive anomalies, suggesting that the area has potential for porphyry deposit types.
The higher-grade gold-bearing quartz veins that outcrop in the Swinging Gate Spring area indicate
potential for quartz-sulphide vein (and breccia stockwork) epithermal deposit type mineralization.
Based on geological models, the Coopers Hill area has potential for stockwork/disseminated-type
mineralization located at approximately several hundred to over 1,000 metres in depth, and shares the same
age of mineralization as Oz Minerals' Bellas Gate deposit located 45 kilometres west, and Barrick Gold's Pueblo
Viejo deposit located in the Dominican Republic. The Coopers Hill area also compares favourably with Copper Creek (Bunker Hill district, Arizona), which is marked by surface exposures of hydrothermal
breccia bodies.
Mavis Bank concession -- BBQ River-Lime Tree areas
Recent exploration work has outlined a large, highly anomalous copper-gold-bearing system. The areas
of anomalous geochemical response are indicative of buried undiscovered mineralization.
BBQ RIVER-LIME TREE ROCK SAMPLES
Sample ID Au (ppb) Ag (ppm) Cu (ppm) Cu (%) Pb (ppm) Zn (ppm) Zn (%) As (ppm)
938931 10 0.63 7,470 5.9 210 13.3
938932 Less than 5 0.87 16,000 1.6 26.6 328 513
938933 Less than 5 1.52 20,200 2.02 45.2 2,420 490
938934 6 3.84 8,430 38.5 37.1 936
938935 Less than 5 3.61 9,210 19.3 1,530 1,540
938936 Less than 5 1.87 6,720 28.4 2,270 838
938937 Less than 5 2 7,870 20.8 1,510 529
938938 14 21.7 29,000 2.9 54.1 1,210 3,010
938939 94 418 40,700 4.07 2.2 105 74.2
938940 10 2.81 18,700 1.87 50.2 12,400 1.24 2,430
938941 15 3.15 12,600 1.26 36.8 683 657
938942 100 10.5 50,291 5.03 87 1,350 3,140
938943 Less than 5 1.63 5,790 53.2 388 809
938944 6 2.47 11,300 1.13 23.6 311 1,940
938945 158 1.81 8,080 1.7 48.7 63
938946 2,520 3.85 12,400 1.24 5.7 22.5 30.1
938947 107 0.48 7,680 5.6 65.8 20.7
938948 354 0.24 10,700 1.07 1.9 47.1 13.7
938949 47 1.4 23,400 2.34 14.8 186 449
Based on an approximately 1,650-by-600-metre area and a thickness of 30 to 50 metres, the theoretical
dimensions of the supergene zone are approximately eight million tonnes. The area near Phillips Gully hosts
the widest and thickest section of the Wagwater formation in the BBQ River valley, and is postulated as a
thickening basinal environment of deposition in which cross-faulted and late-stage hydrothermal fluids
have the greatest potential for economic mineralization. The hydrothermal system at Barbecue River is
interpreted as low-temperature geothermal and low-sulphidation environments (250 to 400 degrees C).
Metal zonation and different environments of deposition of gold-bearing hydrothermal solutions explain
why rock chip samples taken at Lime Tree contain elevated gold values (average for five samples is 637.2
parts per billion gold). The interpretation of elevated gold at Lime Tree is sediment-hosted gold being derived from
magmatic hydrothermal fluids and deposited on the peripheries of the base of the thickening Wagwater
formation, and may occur up to several kilometres from progenitor intrusions.
The Barbecue River sediment-hosted, copper-oxide area represents an economically attractive exploration
target of significant size and grade.
Samples were shipped directly from Kingston, Jamaica, to AGAT Laboratories in Mississauga, Ont., for 32-element ICP and gold geochemical analysis.
Technical information in this news release has been reviewed by Derrick Strickland, PGeo, a qualified
person as defined in National Instrument 43-101.
We seek Safe Harbor.
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