Tuffnell Ltd. Announces Successful Phase 1 Drilling Program at its Little Butte Gold Project in Arizona
LONDON, July 14 /PRNewswire-FirstCall/ -- Tuffnell Ltd. (Tuffnell or "the Company") (OTC Bulletin Board: TUFF) is pleased to announce that drilling is completed at its 1560 acre Little Butte Gold property. A total of 12 reverse circulation (RC) holes were drilled for a total of 3979 feet, although 3 holes were lost before reaching planned depth. A split of each 5 foot run of drill cuttings has been securely shipped to ALS Chemex in Reno, Nevada for analysis. Strict quality control will be maintained by this ISO certified lab. Once the company has received and analyzed assay results it will initiate planning for Phase 2 of its exploration program.
Tuffnell holds a 100% option to 73 unpatented mining claims and 5 patented claims. The Little Butte Gold Property is located in north-western Arizona in the productive Walker Lane Gold Trend. The Walker Lane gold belt has historically produced over 50 million ounces of gold and 400 million ounces of silver.
Shareholders and the public are encouraged to visit www.Tuffex.com for more information and to request an Investor Package.
About The Company
Tuffnell Ltd. (OTC BB: TUFF) is a mineral exploration company focused on maximizing returns for its shareholders by exploring and developing low-cost gold assets in proven mining districts. With a focus primarily on the State of Arizona, Tuffnell Exploration has put together a team of highly qualified, strongly motivated individuals with the experience required to advance our corporate vision.
Based on geological potential, infrastructure proximity, and previously undertaken exploration, Tuffnell Ltd selects properties of merit so as to provide its shareholders with the highest probability of success. The company's main property, known as Little Butte, is located in La Paz county Arizona and has previous exploration history indicating that resources are present and the prospect for economic recovery of gold support management's decision to proceed with further exploration. The Little Butte project lies in the historic Plomosa District, 20 miles north of the town of Quartzsite, Arizona and approximately 150 miles southeast of Las Vegas, Nevada. Based solely on historical records and drilling data from the former claim holder, the Company believes its property has the potential to host up to 1.0 million oz of gold. Little Butte is located in the world famous Walker Lane Gold Trend. The Walker Lane gold belt has historically produced over 50 million ounces of gold and 400 million ounces of silver.
Safe Harbour Statement:
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. The forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at http://www.sec.gov.
CONTACT: Investor Relations 1-800-459-0794 |
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SOURCE Tuffnell Ltd.
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