San Marco Resources Inc. (TSX VENTURE:SMN) has received geochemical and
geophysical results from continuing exploration at the Angeles property, Sonora
State, Mexico. Underground workings, apparently 90 - 100 years old have been
accessed, however most areas of previous mining activity have collapsed. At the
end of one short inclined shaft, geologists were able to sample the mineralized
structure (massive hematite with malachite and chrysocolla) approximately 70m
below surface that was not mined in the past. Results include:


- 8.46 g/t gold; 43.0 g/t silver; 1.2% copper; 2.1% lead and 0.32% zinc over 1.4m 

The hanging wall of the fault structure (fractured hematite cemented breccia
with micro veinlet's) appears to be 3 - 4 m wide in the area, however only 1m
could be sampled safely. Results are:


- 3.27 g/t gold; 20.2 g/t silver; 0.55% copper; 0.41% lead and 0.20% zinc over 1m 

It is interesting to note that as previously reported (San Marco news release
dated June 18, 2012), fourteen randomly taken dump samples that are presumed to
be the waste rock from the hanging wall averaged:


- 3.32 g/t gold; 50.0 g/t silver; 1.0% copper; 2.0% lead and 0.5% zinc (average
of the 14 samples) 


In addition to the underground access work, 33 line km of ground magnetometer
work was carried out. Results clearly show 3 distinct high mag. targets.


West Zone: (up to 2.0 km of strike) along the surface exposure of old workings,
which are 2 - 15m in width, averaging about 5m. Two mag. anomalies sub parallel
to the main fault structure indicate additional targets. Surface sampling
results previously reported, news release dated June 18, 2012.


Center Zone: of particular interest is a moderately high mag. anomaly directly
below a highly oxidized, fractured and altered zone measuring 150m x 200m. It is
speculated that this could be the surficial expression of a buried intrusive
diatreme, possibly the conduit for the mineralized hydrothermal breccia.


East Zone: location of most of the old underground workings, tailings, dumps and
remnants of a milling facility. These workings are coincident with two distinct
easterly trending linear mag. anomalies. The mineralized fault structure is 5 -
10m wide on surface, but high mag. anomalies indicate possible mineralized
structures across 150 - 200m at depth.


Additional detailed analysis of the magnetometer results are currently being
carried out. This work will give San Marco geologists a better understanding of
the vertical extent of the mag. anomalies.


Detailed mapping and sampling is ongoing in support of drill target identification.

The Board of Directors has appointed R. S. (Tookie) Angus as Chairman of the
Board and Julie Capstick (CFO) as Secretary. Michael Mallard, former
Vice-President and Secretary, will continue as a part-time consultant to the
Company. San Marco Resources thanks Mike for his contributions and wishes him
success in his future endeavours. 


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.


Sun Summit Minerals (TSXV:SMN)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Sun Summit Minerals Charts.
Sun Summit Minerals (TSXV:SMN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Sun Summit Minerals Charts.