San Marco Resources Samples High Grade Zones at Tecomate
July 19 2011 - 7:30AM
Marketwired
San Marco Resources (TSX VENTURE: SMN) (the Company) has received
assay results from first stage reconnaissance exploration in the La
Verdosa area of the Tecomate property. La Verdosa is located along
the western edge of a NW trending mineralized corridor,
approximately 2.5 km northwest of the Main Zone and NW Zone areas.
(See company website: Properties/Mexico/Tecomate location map or
visit the following link:
http://media3.marketwire.com/docs/smn719m.pdf)
Although recent exploration has been focusing on expanding the
surface expression of mineralization in the Main and NW zone areas,
the exploration team has also sampled additional prospective areas
to the south and north.
La Verdosa exhibits large areas of intense argillic alteration,
shear/fault zones in rhyolite tuffs, very similar to the Main Zone.
Old workings, remnants of an old mill site, buildings etc. are
believed to have been constructed 80 - 100 years ago, according to
locals.
Sample results are:
-- 0.35m - 1.21g/t gold ; 205g/t silver ; 8.27% copper ; 0.11% lead ;
29.10% zinc
(See Company website: Properties/Mexico/Tecomate/La Verdosa Fig
1 or visit the following link:
http://media3.marketwire.com/docs/smn719m.pdf)
These results are from a siliceous shear/vein within the altered
rhyolite tuffs.
Approximately 650m to the NW of this vein, old workings host a
wider shear structure which sampled:
-- 6.2m - 0.12g/t gold ; 117g/t silver ; 1.04% copper; 1.0% lead ; 3.7%
zinc.
Within this 6.2m shear structure is a siliceous vein which
assayed:
-- 1.0m - 0.30g/t gold ; 611g/t silver ; 3.30% copper ; 0.76% lead ; 9.50%
zinc.
(See Company website: Properties/Mexico/Tecomate/La Verdosa Fig
2 or visit the following link:
http://media3.marketwire.com/docs/smn719m.pdf)
Field work indicates the above results are not the same
structure/veins and that additional mineralized zones may exist
along the edges of this multi-collapsed caldera system.Based on
these exploration results, Company geologists are preparing a
widespread and extensive mapping and sampling program.
Chairman Bob Willis commented, "Exploration results at Tecomate
continue to demonstrate a very diverse and dynamic mineralized
system. Initial results from La Verdosa indicate high grade values
that could lead to a valuable deposit for our shareholders. We have
only explored about 20% of the 12,000 hectare property and intend
to aggressively continue our efforts at Tecomate."
Additional exploration results from the Main Zone, NW Zone, new
areas to the southeast, are expected in about 10 days. Drilling
will commence at Tecomate, upon completion and compilation of
current exploration data.
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 V.P. Corporate Communications 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