San Marco Increases Land Position at Tecomate to 12,000 Hectares and Announces First Phase Results of "Scout Drilling"
January 10 2011 - 7:00AM
Marketwired
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.
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: San Marco Resources Corp. Robert D. Willis Chairman
& CEO 604-813-2606 rdwillis@telus.net San Marco Resources Corp.
Mike Mallard Vice President 604-506-3776 mmallard@sanmarcocorp.com
www.sanmarcocorp.com
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