San Marco Resources Inc. (TSX VENTURE:SMN) has received additional assay results
from underground sampling of old workings and reports on additional exploration
activities at its Angeles property in Sonora state, Mexico. As previously
reported (News Release dated September 10, 2012), the Company's geologists had
accessed old underground workings and commenced channel sampling across
structures as well as adjacent footwall breccia. Most of these workings
(apparently 90 - 100 years old) have collapsed, however 2 levels below the main
access adit were sampled along approximately 20 meters of strike. Where
possible, the adjacent footwall breccia and the hanging wall shear zones were
sampled.


Assay results from the first level, 5.85 meters below the main adit are:



--  Structure: 5.93 g/t gold; 59.2 g/t silver; 1.35% copper; 5.43% combined
    lead/zinc over 1 meter; 
    Footwall: 5.03 g/t gold; 17.2 g/t silver; 0.33% copper; 0.73% combined
    lead/zinc over 1.7 meters. 
    
--  Structure: 4.93 g/t gold; 36.0 g/t silver; 1.17% copper; 2.06% combined
    lead/zinc over 1.4 meters;
    Footwall: 1.47 g/t gold; 20.9 g/t silver; 0.44% copper and 1.03%
    combined lead/zinc over 1.4 meters;
    Hangingwall: 3.4 g/t gold; 23.1 g/t silver; 0.16% copper and 0.53%
    combined lead/zinc. over 1 meter. 
    
--  Structure: 3.04 g/t gold; 42.6 g/t silver; 0.61% copper and 3.45%
    combined lead/zinc over 1 meter. 



A second level approximately 11.2 meters below the main adit is mainly
collapsed, however a small area where the main structure is exposed assayed:




--  Structure: 8.0 g/t gold; 33.6 g/t silver; 0.83% copper and 1.77%
    combined lead/zinc over 1 meter. 
    The footwall could not be sampled due to rubble. 



The main mineralized structure is primarily massive hematite, with minor copper
oxides, filling a regional NW fault/shear zone. Surface exposure of this
mineralized fault structure varies in width from 2 - 15 meters, and has been
traced for up to 3 km of strike. The footwall breccia appears to be composed of
barite fragments cemented with massive hematite. Several samples have been
submitted for polished section analysis for identification of mineralization. 


Further detailed analysis of the recently completed magnetometer survey has
indicated mag. high features associated with surface structures extend to at
least 200 vertical meters, which was the limit of confidence of the survey. The
Company is initiating a second mag. survey to cover newly discovered
geologically prospective areas, as well as extend the lines of the first survey
in order to get a deeper vertical analysis.


Detailed geological mapping is continuing in areas of newly discovered surface
mineralization.


The technical information contained in this press release has been verified, and
this news release has been approved, 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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