Stockport to Move to Phase 2 of Extraction Program on SPL 214 Concession

HALIFAX, July 7, 2014 /CNW/ - Stockport Exploration Inc. (TSX: SPT) has completed Phase 1 of the its extraction program on SPL 214 and is moving to Phase 2 to complete the remaining requirements to establish a small-scale mining operation in this area. The company will draw down the 75 percent of the funds remaining from the financing received October 31, 2013, CAD $897,897, which has been held in an interest-bearing account. It is the company's intention to move quickly and to release frequent updates.

Phase 1 activities included the sampling and metallurgy of near surface soils and regolith materials that contain quartz rubble, as well as work on procurement of all required permits. Based on results from Phase 1, a Phase 2 program will be undertaken to meet the remaining requirements for establishing a small-scale mining operation.

Phase 2 of the program will include finalizing the agreement with a service provider to procure equipment and provide managerial services, process tailings and quartz rubble, and use a sophisticated small-scale mining operation at the SPL 214 target to fund ongoing exploration expenditures.

Stockport will undertake a small-scale mining operation with the following guiding principles: target low-cost gold recovery, utilize environmentally-friendly methods such as a gravity circuit for gold extraction to reduce the use of toxic consumables, place a strong emphasis on tightly-spaced soil testing prior to mining to allow for selective high-grade mining targets, and repay capital investment on small-scale mining equipment then direct additional revenues back to Kenyan exploration.

About Stockport Exploration Inc.:

Stockport is focused on the exploration of a district-scale land package along a prolific gold-hosting greenstone belt in southwest Kenya. The 2,020 km² property package has potential to host various mineral deposit types, the most prominent being those of Lode-Gold and Copper-Zinc-Gold-Silver massive sulphide association. Stockport also holds the La Morena Copper-Silver property in Coahuila, Mexico, the Seymour Lake Tantalum-Lithium-Beryllium property near Armstrong, Ontario, and the KM61 property, which hosts a National Instrument 43-101 compliant Molybdenum-Copper-Silver resource, also near Armstrong, Ontario. 

Forward-Looking Information:

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, continuity of mineralization, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com

SOURCE Stockport Exploration Inc.