Exploration Continues at San Marcos La Buena Project, Zacatecas, Mexico
May 05 2011 - 8:21AM
Marketwired
San Marco Resources (TSX VENTURE: SMN) is pleased to provide an
update of exploration activities at its 100% owned 8500 ha. La
Buena property in Zacatecas, Mexico. The property is located
approximately 9 km north of Goldcorp's Penasquito mine, and 1.5km
west of Dia Bras Las Coloradas project currently being drilled.
Previous exploration by San Marco identified coincident I.P.,
surface and airborne mag. highs, and gold in soil anomalies now
called the Julia Zone. Trenching has commenced in areas of
anomalous gold in soils. A total of 14 trenches are planned over an
area of 1 km X 1.2 km where outcrop is scarce, however, overburden
and rubble appears only to be about 1m deep. Initial indications of
the first 2 trenches have shown gold to occur in altered
granodiorite dikes up to 10m wide, as well as in the oxidized
flanking Carocol metasediments (hornfelsed siltstone/sandstone) for
up to 40m from the intrusive contacts. Several dikes occur in each
trench. It is expected that trenching will be completed in 6 weeks
and assay results from this work, coupled with the geophysical
anomalies will aid the geological team in spotting drill holes.
Initial drilling is expected to test an extremely high
chargeability anomaly, approximately 100m below the surface, in the
center of the Julia Zone. (To view the graphics, please go to the
company website: http://www.sanmarcocorp.com/s/LaBuena.asp)
Additional exploration 1.5 km north of the Julia Zone has
identified mineralization in chimney style formations of the La
Caja unit (limey siltstones) known to host ore bodies in the area.
The hinge line of the Zuloaga Ridge anticline trends from the Dia
Bras property on to San Marcos concession. Initial spot sampling by
San Marco returned 2.4 g/t gold; 24.4 g/t silver; 0.48% lead and
5.87% zinc. Continuing exploration on Zuloaga Ridge Zone will
include; I.P. and ground mag. surveys to assist in identifying
intrusive rocks which are a key component to mineralization in the
area. Upon completion of this phase of exploration, it is expected
that Zuloaga Ridge drilling will follow the Julia Zone drill
program.
Initial exploration will also commence in the southern section
of the La Buena property. Previous airborne mag. anomalies will be
followed up with I.P., ground mag. and MMI soil surveys, again
expected be initiated in the next 60 days. (To view the graphics,
please go to the company website:
http://www.sanmarcocorp.com/s/LaBuena.asp)
San Marcos Chairman Robert Willis states, "La Buena is shaping
up to have numerous exploration targets with multiple styles of
mineralization. Initial indications of gold occurring in intrusive
rocks as well as the adjacent metasediments in the Julia Zone
trenches; give our geological team great confidence in indentifying
additional significant mineralization."
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.
To view the graphics, please go to the company website, or click
on the following link:
http://media3.marketwire.com/docs/0505SMN.pdf
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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