mrindianajones
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Latest News - 2008/02/01 04:09 am
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Mexoro Minerals Intersects Attractive Gold and Silver Mineralization Zones From Drilling Program at the Guazapares Project, Chihuahua, Mexico.
Wednesday 01/30/2008 6:00 AM ET - PR Newswire
Mexoro Minerals Ltd. is pleased to announce that it has intersected significant gold and silver mineralization from drilling at its Guazapares project located in the Guazapares Mining District, Chihuahua, Mexico. The first drilling program in the Guazapares project has been completed with nineteen drill holes totaling 2,670 meters. The new drilling results are from thirteen recently completed holes drilled at the San Francisco Este, San Francisco Centro and El Cantilito, three of the main targets identified in the project. All drill holes in the San Francisco Centro and El Cantilito intersected long intervals of gold and silver mineralization. A detailed map of the drill holes and geological discussion can be viewed at our website http://www.mexoro.com. Intersections are shown in true width. Highlights from the drilling results are as follows:
GU-04 > 9.55 m @ 2.17 g/t Au Eq. including 2.12 m with 4.78 g/t Au Eq. GU-10 > 13.75 m @ 2.75 g/t Au Eq. including 5.82 meters with 5.46 g/t Au 22.98 m @ 2.80 g/t Au Eq. including 4.60 m with 5.75 g/t Au Eq and 2.30 m with 9.71 g/t Au Eq. GU-11 > 17.89 m @ 2.58 g/t Au Eq. including 4.91 meters with 4.72 g/t Au Eq. GU-13 > 9.00 m @ 3.63 g/t Au Eq. including 2.75 meters with 7.93 g/t Au Eq. GU-16 > 18.92 m @ 4.33 g/t Au Eq. including 7.74 meters with 9.10 g/t Au Eq. and .86 meters @ 44.9 g/t Au and 600 g/t Ag.
San Francisco Este Target
The San Francisco Este target is characterized by mineralized veins/breccias, quartz veins stock worked zones. The mineralized and altered zone on this target trends predominantly northwest. Drill holes GU-04 to GU-07 and GU-17 to GU-18 were designed to test the silver (+/- gold) mineralization identified on surface. GU-04 intersected 9.55 meters with 2.17 g/t Au Eq from surface down to 10 meters depth. The drill hole GU-08 encountered a mineralized interval of 5.20 meters with 1.68 g/t Au Eq. These intervals complement previously announce results for the surface sampling where we reported silver values up to 2,160 g/t Ag. Drill holes GU-05, GU-06 and GU-07 reported only gold and silver anomalies. Assay results from GU-17 and GU-18 are still pending. Results from the mineral zone at San Francisco Este are summarized below:
-- Drill hole GU-04 Mineralized intercepts True True Width @ Sample From To Width Width Au Ag Au Eq Au Eq. (g/t) ID (m) (m) (m) (m) (g/t) (g/t) (g/t) 25498 0 1.5 1.5 1.0575 0.023 104 1.97 25499 1.5 2.5 1 0.705 0.029 29.9 0.59 9. 55 meters @ 2.17 25500 2.5 3.65 1.15 0.81075 0.046 128 2.44 Including: 25501 3.65 4.95 1.3 0.9165 0.156 79.1 1.64 2.78 meters @ 2.34 25502 4.95 6.45 1.5 1.0575 0.39 137 2.96 2.12 meters @ 4.78 25503 6.45 7.95 1.5 1.0575 0.093 61.3 1.24 25504 7.95 9.45 1.5 1.0575 0.049 15.9 0.35 25505 9.45 10.55 1.1 0.7755 0.056 47.2 0.94 25506 10.55 12.05 1.5 1.0575 0.148 387 7.40 25507 12.05 13.55 1.5 1.0575 0.23 103 2.16 25529 35.5 36.7 1.2 0.85 0.026 65.5 1.25 0.85 meters @ 1.25
San Francisco Centro Target
The San Francisco Centro target is characterized by quartz veins, veins/breccias and quartz veins stock worked areas exhibiting multiple pulses of hydrothermal activity. Mineralization in San Francisco Centro tends to cluster in ore-shoots developed primarily in the intersection of main structures. Drill holes GU-08 to GU-13 were planned to test the east-west mineralized structure identified during the mapping and sampling process in the central part of the concessions. All drill holes intersected mineralization from surface down to 100 meters depth. The drill hole GU-10 intersected 13.75 meters with 2.75 g/t AU Eq. and 22.98 meters with 2.80 g/t Au Eq. from 8.15 meters down to 85 meters depth. Drill hole GU-13 intercepted 9.0 meters with 3.63 g/t Au Eq. and 4.50 meters with 1.56 g/t Au Eq.
-- Drill hole GU-08 Mineralized True intercepts Sample From To Width Width Au Ag Au Eq True Width ID (m) (m) (m) (m) (g/t) (g/t) (g/t) @ Au Eq. (g/t) 26003 66.5 68 1.5 1.0575 0.105 52.8 1.09 26004 68 69.1 1.1 0.7755 0.087 93.6 1.84 5.78 meters @ 1.68 26005 69.1 70.2 1.1 0.7755 0.076 62.1 1.24 26006 70.2 71.7 1.5 1.0575 0.104 105 2.07 26007 71.7 73.2 1.5 1.0575 0.093 70.9 1.42 26008 73.2 74.7 1.5 1.0575 0.307 112 2.41 26042 122.25 123.75 1.5 1.0575 0.099 51 1.05 1.05 meters @ 1.05 -- Drill hole GU-10 Mineralized True intercepts Sample From To Width Width Au Ag Au Eq True Width ID (m) (m) (m) (m) (g/t) (g/t) (g/t) @ Au Eq. (g/t) 26129 9.65 11.15 1.50 1.15 0.173 124 2.50 1.15 meters @ 2.50 26140 24.55 26.05 1.50 1.15 0.103 42.7 0.90 13.75 meters @ 2.75 26141 26.05 27.55 1.50 1.15 0.313 49.1 1.23 26142 27.55 28.90 1.35 1.03 0.049 24.7 0.51 Including: 26143 28.90 30.40 1.50 1.15 0.106 26.7 0.60 5.82 meters @ 5.46 26144 30.40 31.90 1.50 1.15 0.137 34.9 0.79 26145 31.90 33.40 1.50 1.15 0.079 35.4 0.74 26146 33.40 35.00 1.60 1.23 0.37 184 3.82 26147 35.00 36.50 1.50 1.15 0.205 311 6.04 26148 36.50 38.00 1.50 1.15 0.347 311 6.18 26149 38.00 39.50 1.50 1.15 0.223 276 5.40 26151 39.50 41.00 1.50 1.15 0.296 297 5.86 26152 41.00 42.50 1.50 1.15 0.035 49.1 0.95 Mineralized True intercepts Sample From To Width Width Au Ag Au Eq True Width ID (m) (m) (m) (m) (g/t) (g/t) (g/t) @ Au Eq. (g/t) 26161 54.50 56.00 1.50 1.15 0.125 90 1.81 26163 56.00 57.50 1.50 1.15 0.884 604 12.21 22.98 meters @ 2.80 26164 57.50 59.00 1.50 1.15 0.315 319 6.29 26165 59.00 60.50 1.50 1.15 0.206 133 2.70 Including: 26166 60.50 62.00 1.50 1.15 0.044 25.6 0.52 4.60 meters @ 5.75 26167 62.00 63.50 1.50 1.15 2.07 810 17.26 2.30 meters @ 9.71 26168 63.50 65.00 1.50 1.15 0.063 112 2.16 26169 65.00 66.50 1.50 1.15 0.04 31.7 0.63 26170 66.50 68.00 1.50 1.15 0.032 35.7 0.70 26171 68.00 69.50 1.50 1.15 0.052 45.2 0.90 26172 69.50 71.00 1.50 1.15 0.093 67.9 1.36 26173 71.00 72.50 1.50 1.15 0.025 39.7 0.77 26174 72.50 74.00 1.50 1.15 0.027 15 0.31 26176 74.00 75.50 1.50 1.15 0.079 55.3 1.11 26177 75.50 77.00 1.50 1.15 0.02 23.3 0.45 26178 77.00 78.50 1.50 1.15 0.026 55.9 1.07 26179 78.50 80.00 1.50 1.15 0.07 46.5 0.94 26180 80.00 81.50 1.50 1.15 0.101 53.9 1.11 26181 81.50 83.00 1.50 1.15 0.085 40.3 0.84 26182 83.00 84.50 1.50 1.15 0.133 145 2.85 -- Drill hole GU-11 Mineralized True intercepts Sample From To Width Width Au Ag Au Eq True Width ID (m) (m) (m) (m) (g/t) (g/t) (g/t) @ Au Eq. (g/t) 26241 12.25 13.75 1.5 1.227 0.18 139 2.78 26242 13.75 15.25 1.5 1.227 0.152 112 2.25 17.87 meters @ 2.58 26243 15.25 16.75 1.5 1.227 0.112 89.1 1.78 26244 16.75 18.25 1.5 1.227 0.257 91.5 1.97 Including: 26245 18.25 19.75 1.5 1.227 0.158 311 5.99 4.91 meters @ 4.72 26246 19.75 21.25 1.5 1.227 0.067 211 4.02 26247 21.25 22.75 1.5 1.227 0.097 280 5.35 26248 22.75 24.25 1.5 1.227 0.034 186 3.52 26249 24.25 25.75 1.5 1.227 0.043 93 1.78 26251 25.75 27.25 1.5 1.227 0.15 109 2.19 26252 27.25 28.1 0.85 0.69 0.027 50.6 0.97 26253 28.1 29.6 1.5 1.227 0.112 98.7 1.96 26254 29.6 31.1 1.5 1.227 0.037 93 1.78 26255 31.1 32.6 1.5 1.227 0.016 61.2 1.16 26256 32.6 34.1 1.5 1.227 0.063 62.2 1.23 26267 47.6 49.1 1.5 1.227 0.039 46.2 0.90 26268 49.1 50.6 1.5 1.227 0.018 58.8 1.12 4.91 meters @ 0.93 26269 50.6 52.1 1.5 1.227 0.021 25.6 0.50 26270 52.1 53.6 1.5 1.227 0.023 62.5 1.19 -- Drill hole GU-12 Mineralized True intercepts Sample From To Width Width Au Ag Au Eq True Width ID (m) (m) (m) (m) (g/t) (g/t) (g/t) @ Au Eq. (g/t) 26363 30.7 32.2 1.5 1.149 0.026 70.2 1.34 1.149 meters @ 1.34 26378 51.7 53.2 1.5 1.149 0.056 33.1 0.67 2.30 meters @ 0.68 26379 53.2 54.7 1.5 1.149 0.104 30.8 0.68 26389 66.7 68.2 1.5 1.149 0.618 4 0.69 26390 68.2 69.7 1.5 1.149 0.452 99 2.31 4.60 meters @ 1.20 26391 69.7 71.2 1.5 1.149 0.228 7.2 0.36 26392 71.2 72.7 1.5 1.149 0.857 31.7 1.45 26413 99.7 101.2 1.5 1.149 0.19 23.8 0.63 2.30 meters @ 0.74 26414 101.2 102.7 1.5 1.149 0.443 21.3 0.84 -- Drill hole GU-13 Mineralized True intercepts Sample From To Width Width Au Ag Au Eq True Width ID (m) (m) (m) (m) (g/t) (g/t) (g/t) @ Au Eq. (g/t) 26421 0 2 2 1 0.112 38.2 0.83 26422 2 4 2 1 0.237 211 4.19 9 meters @ 3.63 26423 4 6 2 1 0.065 258 4.90 26424 6 7.5 1.5 0.75 0.055 782 14.72 Including: 26426 7.5 9 1.5 0.75 0.11 53.4 1.11 2.75 meters @ 7.93 26427 9 10.5 1.5 0.75 1.18 54.7 2.20 26428 10.5 12 1.5 0.75 0.74 165 3.83 26429 12 13.5 1.5 0.75 0.151 86.5 1.77 26430 13.5 15 1.5 0.75 0.237 156 3.16 26431 15 16.5 1.5 0.75 0.116 52.2 1.09 26432 16.5 18 1.5 0.75 0.198 106 2.18 26444 33 34.5 1.5 0.75 0.125 47.9 1.02 26445 34.5 36 1.5 0.75 0.376 22 0.79 4.50 meters @ 1.56 26446 36 37.5 1.5 0.75 1.915 40.9 2.68 26447 37.5 39 1.5 0.75 0.12 121 2.39 Including: 26448 39 40.5 1.5 0.75 0.263 55.9 1.31 1.50 meters @ 2.53 26449 40.5 42 1.5 0.75 0.15 56.6 1.21
El Cantilito Target
El Cantilito is a mineralized zone produced mainly along northeast vein-structures where mineralization tends to cluster in ore-shoots and mineralized stock works developed in structural jogs and/ore intersection of main structures. Drill holes GU-14 to GU-16 and GU-19 were designed to test the outcropping mineralized structures. Drill holes GU-15 and GU-16 were collared in the west margin of the known limit of the mineralized structure and have opened up the exploration further west along El Cantilito structures. Drill hole GU-15 was stopped at 168 meters depth still in mineralization intersected 17.06 meters with 1.26 g/t Au Eq. including 1.30 meters with 6.10 g/t Au Eq. Drill hole GU-16 intercepted 18.92 meters with 4.33 g/t Au Eq. including 7.74 meters with 9.10 g/t Au Eq. The assay results from GU-19 are still pending.
-- Drill hole GU-14 Mineralized True intercepts Sample From To Width Width Au Ag Au Eq True Width ID (m) (m) (m) (m) (g/t) (g/t) (g/t) @ Au Eq. (g/t) 26501 17 18.5 1.5 1.059 0.136 116 2.31 26502 18.5 20 1.5 1.059 0.091 92 1.81 19.86 meters @ 1.29 26503 20 21.5 1.5 1.059 0.107 8.9 0.27 26504 21.5 23 1.5 1.059 0.013 51.4 0.97 Including: 26505 23 24.5 1.5 1.059 0.036 48.8 0.95 2.12 meters @ 2.06 26506 24.5 26 1.5 1.059 0.031 45.3 0.88 2.89 meters @ 3.44 26507 26 27.5 1.5 1.059 0.039 10.1 0.23 26508 27.5 29 1.5 1.059 0.078 43.5 0.89 26509 29 30.5 1.5 1.059 0.051 10.4 0.24 26510 30.5 32 1.5 1.059 0.039 33.5 0.67 26511 32 33.5 1.5 1.059 0.196 89.8 1.88 26513 33.5 35 1.5 1.059 0.094 28.1 0.62 26514 35 36.5 1.5 1.059 0.095 8.6 0.25 26515 36.5 38 1.5 1.059 0.21 17.5 0.54 26516 38 39.5 1.5 1.059 0.159 35.3 0.82 26517 39.5 41 1.5 1.059 0.465 23.3 0.90 26518 41 42.5 1.5 1.059 0.193 46.3 1.06 26519 42.5 43.65 1.15 0.8119 1.475 339 7.83 26520 43.65 45.1 1.45 1.0237 0.216 65.2 1.44 26536 71.6 73.6 2 1.412 3.12 19.7 3.49 1.41 meters @ 3.49 -- Drill hole GU-15 Mineralized True intercepts Sample From To Width Width Au Ag Au Eq True Width ID (m) (m) (m) (m) (g/t) (g/t) (g/t) @ Au Eq. (g/t) 26581 52 53 1 0.866 0.568 7 0.70 2.22 meters @ 0.81 26582 53 54.9 1.9 1.6454 0.741 9.9 0.92 26938 148.3 149.8 1.5 1.299 4.86 66.4 6.10 26939 149.8 151.3 1.5 1.299 0.467 20.3 0.85 17.06 meters @ 1.26 26940 151.3 152.8 1.5 1.299 0.141 2.6 0.19 26941 152.8 154.3 1.5 1.299 0.601 25.5 1.08 Including: 26942 154.3 155.8 1.5 1.299 0.582 22.1 0.99 1.30 meters @ 6.10 26943 155.8 157.2 1.4 1.2124 0.891 35.4 1.55 26944 157.2 158.45 1.25 1.0825 0.368 9.7 0.55 Total depth of drillhole 26945 158.45 160 1.55 1.3423 0.282 10.2 0.47 Is 168 meters 26946 160 161.5 1.5 1.299 0.341 17.2 0.66 26947 161.5 163 1.5 1.299 0.693 22.7 1.12 26948 163 164.5 1.5 1.299 0.296 9.5 0.47 26949 164.5 166 1.5 1.299 0.317 17.7 0.65 26951 166 168 2 1.732 1.47 11.4 1.68 -- Drill hole GU-16 Mineralized True intercepts Sample From To Width Width Au Ag Au Eq True Width ID (m) (m) (m) (m) (g/t) (g/t) (g/t) @ Au Eq. (g/t) 26960 12.00 13.50 1.50 0.86 1.115 86.1 2.73 26961 13.50 15.00 1.50 0.86 0.534 84.2 2.11 18.92 meters @ 4.33 26962 15.00 16.50 1.50 0.86 0.71 76.4 2.14 26964 16.50 18.00 1.50 0.86 44.9 660 57.27 Including: 26965 18.00 19.50 1.50 0.86 1.55 113 3.67 7.74 meters @ 9.10 26966 19.50 21.00 1.50 0.86 0.428 152 3.28 26967 21.00 22.50 1.50 0.86 0.455 72.3 1.81 26968 22.50 24.00 1.50 0.86 1.33 119 3.56 26969 24.00 25.50 1.50 0.86 2.2 171 5.40 26970 25.50 27.00 1.50 0.86 0.005 12.3 0.23 26971 27.00 28.50 1.50 0.86 0.183 13.1 0.43 26972 28.50 30.00 1.50 0.86 0.243 79.8 1.74 26973 30.00 31.50 1.50 0.86 0.243 59.4 1.35 26974 31.50 33.00 1.50 0.86 0.425 59.2 1.53 26976 33.00 34.50 1.50 0.86 0.185 46.5 1.057 26977 34.50 36.00 1.50 0.86 0.247 23.9 0.69 26978 36.00 37.50 1.50 0.86 0.274 31.1 0.86 26979 37.50 39.00 1.50 0.86 0.235 34.3 0.88 26980 39.00 40.50 1.50 0.86 1.2 23.2 1.63 26981 40.50 42.00 1.50 0.86 0.56 38 1.27 26982 42.00 43.50 1.50 0.86 0.256 21.7 0.66 26983 43.50 45.00 1.50 0.86 0.348 34.8 1.00 27013 96.00 98.00 2.00 1.15 0.331 69.7 1.64 2.53 meters @ 1.49 27014 98.00 100.00 2.00 1.15 0.521 68.8 1.81
Exploration potential for the Guazapares Project
The mineralization systems encountered in the Guazapares project are essentially of two types: a silver-dominated system at San Francisco Este, San Francisco Centro, and El Cantilito which is exhibiting localized areas of high-grade gold mineralization; whereas at San Antonio, the system is dominated by gold mineralization. Surface mapping and drilling results are suggesting that the high-grade mineralization tends to cluster at certain areas along the mineralized veins with intervening areas of low-grade mineralization. The cluster of high-grade mineralization is suggesting the development of ore-shoots as evidenced by the intercepts from drill holes GU-04 and from GU-08 to GU-16.
The present drilling results are providing the evidence to highlight the great potential of several areas in the Guazapares project.
(1) Drilling results on the San Francisco Este target are opening the potential to explore further northwest along the same structure. (2) Drill holes GU-12 and GU-13 at San Francisco Centro are suggesting the development of high-grade ore-shoots along structure's inflections and have opened up the exploration potential to the west and northwest. (3) Drilling results at El Cantilito (GU-16) have opened up the exploration potential to the west of the system which is a covered terrain. Drill hole GU-15 is also opening potential to the west along the El Cantilito mineralized system and since GU-15 was stopped in mineralization at 169 meters depth the exploration potential is still open at depth. (4) All mineralized system and targets are suggesting the potential to explore where all system intersects each other creating the right setting to develop attractive mineralization zones.
Barry Quiroz, MSc., is the qualified person for the Guazapares Project. These results have been prepared under the supervision of Barry Quiroz, MSc., who is designated as a Qualified Person with the ability and authority to verify the authenticity and validity of this data. All drill core and rock samples were analyzed by ALS Chemex Labs in Chihuahua Mexico.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. Forward looking statements in this press release include our belief that the properties are open in direction and depth. Also, that there is potential to explore where the These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward looking statements.
Corporate Headquarters Investment Information Mexoro Minerals Ltd. J.A. Michie, Managing Director C. General Retana #706 G.M. Capital Partners, Ltd Col. San Felipe, C.P. 31203 Usteristrasse19, CH-8023 Chihuahua, Chih., Mx Zurich, Switzerland Telephone: 800-661-7830 Tel: +41.44.226.5000 Fax: 888-639-4097 Tel: (800) 647-9877 Fax: +41.44.226.5009 Email: jam@gmcapital.com
SOURCE Mexoro Minerals Ltd.
http://www.mexoro.com
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