HALIFAX, NOVA SCOTIA – August 10, 2017 – Oceanus Resources Corporation (TSXV:OCN and OTCQB:OCNSF) (“Oceanus” or the “Corporation”) reports it has received the first assay results of chip samples collected from the legacy underground exploration tunnels on the unmined Protectora, Aguilas, Fundadora and Caleigh veins located north of the old El Tigre Mine (see Figure 1 Location Map).
The most significant new discovery and assay results come from a small underground exploration tunnel CO1-6775 located 150 meters along strike to the north of diamond drill hole ET-17-144 (see Figure 1 Location Map). The vein is exposed over a 6 meter strike length in the tunnels and 3 chip samples were taken across the vein. Sample ETU-110 returned 69.2 g/t gold equivalent consisting of 25.2 g/t gold and 3,296.2 g/t silver across a true width of 0.50 meters. The weighted average grade of three samples of the 0.50m wide vein is 49.9 g/t gold equivalent consisting of 19.9 g/t gold and 2,247.4 g/t silver. This newly discovered vein has been named the Caleigh Vein.