San Marco Discovers Significant Gold Zone at Tecomate, Mexico
May 26 2011 - 7:30AM
Marketwired
San Marco Resources (TSX VENTURE: SMN) is pleased to announce an
update of exploration activities at its 100% owned, 12,300 ha,
Tecomate property, located approximately 81 km east of Mazatlan.
Recent exploration has focused on the Main and NW Zones, where
gold and minor amounts of silver, lead, zinc and copper, have been
discovered in trenches, channel and rock chip samples.
Mineralization is associated with a near vertical 200m wide,
northwest striking shear/fault structure hosted in the Tertiary
Lower Volcanic rock package. At surface, the central 80m of the
structural corridor, is covered by a stratigraphic layer of
rhyolite tuff with limited mineralization. Surface outcrops on each
side of the rhyolite tuff in highly oxidized rocks returned:
-- 1.19g/t gold; 0.24% zinc over 60 meters (western slope).
-- 0.69g/t gold; 0.28% zinc; 0.24% lead over 60 meters (eastern slope).
These results are a compilation of samples taken over a 50m
wide, E - W cross section in the central portion of the currently
known 420m of strike length. (See cross section on company website
www.sanmarcocorp.com).
To view the cross section image associated with this release,
please click the following link:
http://media3.marketwire.com/docs/SMNcross-section.JPG.
Two old gambosino adits have been discovered on the western
slope of the Main Zone mineralization. These tunnels were
apparently constructed to cross cut into the main structural zone.
The "Troze" tunnel is approximately 150 vertical meters below the
above noted surface mineralization. As the workings progressed
toward the Main Zone structures, gold mineralization increased,
where the last 10m of the adit assayed 0.38g/t gold. The San Pedro
adit 100 vertical meters below the surface also appears to have
just been approaching the Main Zone, and the last 10m also assayed
0.38g/t gold. Of note, sampling of a dike at the end of the Troze
tunnel, returned:
-- 1.08g/t gold; 17.0g/t silver; 1.3% lead; 2.6% zinc and 1.2% copper over
2 meters.
San Marco Chairman Robert Willis stated, "We are extremely
encouraged to find evidence that mineralization has at least 150m
of vertical extent. With mineralization known to exist over 420m of
strike, and 200m width, the Main Zone has demonstrated some size
potential." Exploration at Tecomate is continuing in the NW Zone
located 2 km from the Main Zone. It is believed that this area may
be one continuous structural corridor.
The Main Zone has developed into a solid drill target as has the
NW Zone. Continuing exploration at the La Guera-Horcon area, some 3
km to the southeast also has returned indications of gold values up
to 3.0g/t. These gold values are associated with boiling textures
in porphrytic rocks. This could indicate the Horcon area is much
higher in the mineralized system. Upon completion and data
compilation of all areas of the property currently being explored,
drilling is expected to initially test the Main and NW Zones.
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 Robert D. Willis Chairman &
CEO 604-813-2606 rdwillis@telus.net San Marco Resources Mike
Mallard Vice President 604-506-3776 mmallard@sanmarcocorp.com
www.sanmarcocorp.com
Sun Summit Minerals (TSXV:SMN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sun Summit Minerals (TSXV:SMN)
Historical Stock Chart
From Jul 2023 to Jul 2024