San Marco Increases Land Position at Tecomate to 12,000 Hectares and Announces First Phase Results of "Scout Drilling"
January 10 2011 - 6:00AM
Marketwired Canada
San Marco Resources Corp. (TSX VENTURE:SMN) is pleased to report that it has
increased its land package of its 100% owned Tecomate gold/silver prospect in
Durango, Mexico from 5,930 to 12,290 hectares. The additional ground was staked
to cover more artisanal workings and other gold/silver showings. A six-hole
first-phase scout drilling program totalling 1,320m has been completed. The
drilling was carried out using a man-portable core drill rig, and partially
tested two out of eight zones so far identified on the property where
mineralization occurs at surface in Lower Tertiary volcanics along northerly
trends. The zones that were drill tested are two of four permitted for drilling
and are the easiest to access of all the zones so far identified on the
property. Ease of access played an important role in the selection for drill
testing with the objective of obtaining valuable third dimension geological data
in areas where dense vegetation and steep terrain limit surface work. Permitting
for more drilling in other zones on the property is nearly complete. Ongoing
reconnaissance exploration and chip sampling is focusing on discovering new
zones and identifying drill targets in the six other zones so far at Tecomate
where gold, silver, lead and zinc mineralization occur at surface.
Volcaniclastics containing quartz stockwork, crackle breccia, and pervasive
silicification host the mineralization at surface in the Brenda and Southeast
zones that San Marco's scout drilling tested. The first of two holes drilled in
the Brenda zone returned precious metals values of economic interest over
down-hole intervals of 6m, 14m, and 5m. The Brenda zone is roughly 700m long by
200m wide. Two of four holes in the Southeast zone returned sporadic precious
metals values of economic interest over narrow down-hole intervals and two
returned sporadic lead and zinc values of economic interest over narrow
down-hole widths. The Southeast zone is roughly 1300m long by 200m wide.
Table 1 provides assay composites of economic interest from all the holes
drilled at Tecomate in the scout drilling program.
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Azimuth Dip From Width
Hole Zone (degrees) (degrees) (m) To (m) (m) Au gpt Ag gpt Pb% Zn%
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TBD- Bren-
01 da 270 -60 8 14 6 0.341 20.9 - -
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168 182 18 0.148 2.10 - -
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195 199.9 4.9 0.360 1.67 - -
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TBD- Bren-
02 da 220 -50 74 75.5 1.5 - - 0.315 0.564
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TBD- South-
03 east 240 -60 2 4 2 0.812 26.6 - -
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8 10 2 0.224 2.40 - -
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16 18 2 0.207 0.90 - -
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36 42.5 6.5 0.221 1.26 - -
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58 60 2 0.775 1.30 - -
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62 64 2 0.517 0.30 - -
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68 70 2 0.518 0.30 - -
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TBD- South-
04 east 250 -65 14.4 22.8 8.4 - - 0.565 1.29
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21.35 22.8 1.45 0.105 31.7 2.47 4.47
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26.35 38.05 11.7 - - 0.125 0.366
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36.5 38.05 1.55 0.066 14.8 0.310 0.938
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TDB- South-
05 east 250 -65 37.85 62 24.15 - - 0.155 0.077
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104.00 106.00 2 0.438 1.50 0.073 0.111
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108.15 108.75 0.6 0.296 8.80 1.035 1.465
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116.50 122.00 5.5 - - 0.030 0.220
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158.00 170.00 12 - - 0.049 0.149
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TBD- South-
06 east 250 -65 16.65 20.0 3.35 0.716 28.9 - -
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42.00 44.00 2 0.190 0.50 - -
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46.00 48.00 2 0.239 1.50 - -
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Chairman Robert Willis stated; "Since the overall geology relating to
mineralization is not yet well understood, the scout drilling has provided
valuable third dimensional information and identified certain rock units which
appear to be the better hosts for mineralization of interest. This information
will help guide ongoing exploration in areas known to have numerous gold and
silver showings scattered over this very large land package."
Field activities were completed under the direction of Brent Hendrickson,
Vice-President of Exploration for San Marco Resources who has been working in
the region since 2006. The technical information contained in this press release
has been based on information reviewed by San Marco's President, Robert D.
Willis, P. Eng., a 'qualified person' for the purpose of National Instrument
43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities
Administrators.
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