Silver Pursuit Resources Ltd.: Historic Mine Dumps at La Quintera Project, Mexico
October 21 2011 - 10:00AM
Marketwired Canada
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Silver Pursuit Resources Ltd. (TSX VENTURE:SPF) (the "Company") is pleased to
report on results of recent sampling of historic mine dumps at the La Quintera
property in Mexico.
The LA QUINTERA property is located 8 km west of Alamos, Sonora, Mexico and
covers an area of 4672.5 hectares. Within the claim group are several
significant past producing silver mines, the largest of which are the Quintera
and Promintorio mine areas where combined production has been estimated at
approximately 40 million ounces of silver based on historical reports.
Surface sampling was recently conducted of the historic mine waste dumps and
mill tailings deposits. A preliminary tonnage estimate indicates between 400,000
and 600,000 tons of material. A total of 83 samples were collected, including 36
from the La Quintera waste dump and 38 from the Promontorio waste dump, and 9
samples of tailings. Each of the waste dumps samples were collected over a
length of 8 meters. The table below summarizes the analytical results for
precious metals.
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Area No. Samples Silver g/T Gold g/T
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La Quintera - waste 36 325.5 0.22
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La Quintera - tailings 4 97.7 0.30
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Promontorio - waste 38 171.9 0.33
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Promontorio - tailings 5 100.4 0.10
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Abbreviations: g/T = grams per tonne
The company considers the results highly significant but also cautions that they
are preliminary in nature and not conclusive evidence of the likelihood of the
occurrence of an economic mineral deposit.
The samples were analyzed at ALS Chemex in North Vancouver by ICP-MS/AES
geochemical techniques using a four-acid digestion, with high grade samples
being re-analyzed by ICP AES or AAS procedures suitable for ores grade
materials. QA/QC was maintained by monitoring the results for blank and standard
samples which were submitted at a frequency of 10%.
The results confirm significant potential for economic silver mineralization
within waste deposits at the Quintera and Promontorio historic mines.
Dr. Matt Ball, P.Geo. is the Qualified Person who prepared the technical
information contained in this news release.
ON BEHALF OF SILVER PURSUIT RESOURCES LTD.
Adrian Robertson, President and CEO
Silver Pursuit Resources Ltd. (TSXV:SPF)
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