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File: VLA NR July 7, 2015 Final.pdf
Vela Minerals Completes Work Program on the Mavis Bank and
Port Antonio Properties, Jamaica, West Indies.
Vancouver, BC Canada, July 7, 2015 - Vela Minerals Ltd. (TSX-V: VLA) (the "Company") is
pleased to announce that crews have completed ground work on the Mavis Bank and Port Antonio
Special Exclusive Prospecting Licenses located in Jamaica, West Indies.
Port Antonio Concession � Coopers Hill Area:
Geochemical analysis of 7 rock chip samples taken over a 900 X 1300 meter area average 2.35% Cu and
239 ppb Au. The highest copper values are associated with chalcocite veins and fracture filling.
Elevated precious metal values that occur in 2 rock chip samples from the area west of Trowell Gate
breccia/agglomerate indicates a new prospective area for Cu-Ag-Au bearing mineralization.
2015 Rock Sample Results:
Sample ID Au ppb Ag ppm Cu ppm Cu % Zn ppm Zn %
938921 28 6.77 23000 2.3 93
938922 <5 7.66 21300 2.13 94.1
938923 730 16.8 26100 2.61 90.1
938924 185 40.1 48300 4.83 65.4
938925 221 24 23000 2.3 116000 11.6
938926 50 2.78 7390 0.74 11000 1.1
938927 465 57.5 15100 1.51 1610
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 Cu (Ag-Au)
bearing hydrothermal system at depth.
Bellevue Area:
A total of 26 geology stations within the 1.5 X 1.5 kilometer area of the leached lithocap were 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 grain tuffs/flows)
which are cut by occasional 2-5 meter wide Cretaceous granodiorite-diorite intrusive dykes/sills. The
Bellevue lithocap is characterized by widespread argillic alteration and strong bleaching of country rock
accompanied by 2-8% limonite (goethite & jarosite), hematite, chlorite, sericite, zeolite, and kaolinite as
disseminations and fracture fillings.
Extensive bleaching and argillic alteration (illite and sericite), coextensive with the zone of strong,
hematitic and goethitic limonite staining in the 3-30 meter thick leached cap correlate with IP 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 (& 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 +1,000 meters in depth, and shares the same
age of mineralization as Oz Minerals Bellas Gate deposit located 45km west, and Barrick Gold's Pueblo
Viejo deposit located in the Dominican Republic. The Coopers Hill area also compares favourably to
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 7470 5.9 210 13.3
938932 <5 0.87 16000 1.6 26.6 328 513
938933 <5 1.52 20200 2.02 45.2 2420 490
938934 6 3.84 8430 38.5 37.1 936
938935 <5 3.61 9210 19.3 1530 1540
938936 <5 1.87 6720 28.4 2270 838
938937 <5 2 7870 20.8 1510 529
938938 14 21.7 29000 2.9 54.1 1210 3010
938939 94 418 40700 4.07 2.2 105 74.2
938940 10 2.81 18700 1.87 50.2 12400 1.24 2430
938941 15 3.15 12600 1.26 36.8 683 657
938942 100 10.5 50291 5.03 87 1350 3140
938943 <5 1.63 5790 53.2 388 809
938944 6 2.47 11300 1.13 23.6 311 1940
938945 158 1.81 8080 1.7 48.7 63
938946 2520 3.85 12400 1.24 5.7 22.5 30.1
938947 107 0.48 7680 5.6 65.8 20.7
938948 354 0.24 10700 1.07 1.9 47.1 13.7
938949 47 1.4 23400 2.34 14.8 186 449
Based on an approximately 1650 x 600 meter area and a thickness of 30-50 meters, the theoretical
dimensions of the supergene zone are approximately 8 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 (250-400 degrees C).
Metal zonation and different environments of deposition of Au bearing hydrothermal solutions explain
why rock chip samples taken at Lime Tree contain elevated gold values (average for 5 samples is 637.2
ppb Au). 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 kilometers 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, Ontario
for 32 element ICP & Au geochemical analysis.
Technical information in this news release has been reviewed by Derrick Strickland P.Geo., a qualified
person as defined in NI 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Derrick Strickland P.Geo"
President
For further information please contact:
Telephone: 604.773.0992
Email: info@velaminerals.com
Suite 910 � 475 Howe Street, Vancouver, BC V6C 2B3, Tel 604.773.0992; www.velaminerals.com
Cautionary Note Regarding Forward-Looking Information
This press release contains certain forward-looking statementswithin the meaning of the Canadian securities laws,
which are based on the opinions and estimates of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that could cause actual events or results to differ material
--->ly
from those projected. Forward-looking information in this press release includes statements about the potential
existence and size of mineralization at the Epping Farm and Mavis Bank areas, geological interpretations and
potential mineral recovery processes. Information concerning mineral reserve and resource estimates also may be
deemed to be forward-looking information in that it reflects a prediction of the mineralization that would be
encountered if a mineral deposit were developed and mined.
In connection with the forward-looking information contained in this news release, the Company has made numerous
assumptions, regarding, among other things: the geological, metallurgical, engineering, financial and economic
advice that the Company has received is reliable, and is based upon practices and methodologies which are
consistent with industry standards. While the Company considers these assumptions to be reasonable, these
assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and
unknown risk factors which could cause the Company's actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or implied by the forward-looking
information contained herein. Known risk factors include, among others: the actual mineralization may not be as
favorable as suggested, or at all; uncertainties relating to interpretation of drill results and the geology, continui
--->ty and
grade of mineral deposits; and uncertainty as to timely availability of permits and other governmental approvals.
Vela undertakes no obligation to update forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
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