Mr. Robert Willis reports
SAN MARCO ANNOUNCES EXECUTIVE APPOINTMENT AND WARRANT EXERCISE
San Marco Resources Inc. has appointed ChristianGrijalva as vice-president of San Marco and San Marco Resources, Mexico SA de CV. Previously, Mr. Grijalva was manager of projects for the company, overseeing all Mexico operations.
Robert Willis, San Marco's chief executive officer, stated: "A significant part of building a strong exploration team is recognition of leadership skills. Chris has not only assembled an experienced, quality geological team, but he has been instrumental in successfully advancing our 1068 project to drill readiness, and responsible for our recent copper/silver discovery at our Chunibas project." During the period Jan. 9, 2018, to Jan. 26, 2018, a total of 1,390,250 warrants were exercised at 15 cents each for proceeds of $208,537.50. Any unexercised warrants associated to the financing completed Jan. 29, 2015, expired on Jan. 28, 2018.Ongoing exploration includes:
Review of the results of the recently completed IP survey at the company's 100-per-cent-owned 1068 porphyry copper/gold/moly project. This undrilled property is expected to have drilling arranged in Q1. Continued exploration at the company's 100-per-cent owned Chunibas property. Focus will initially be on the recent copper/silver discovery, a surface footprint which continues to expand. Results of preliminary metallurgical analysis will be released shortly. Release of assay results of recently completed continuous chip/channel sampling at the new Chunibas copper/silver discovery, expected in a few weeks. Detailed rock-chip sampling to be initiated on two targets identified from the company's Globetrotters partnership. Rock-chip samples are intended for both geochemical and SWIR spectroscopy studies.New property acquisition opportunities being evaluated.
About San MarcoResources Inc.
San Marco is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, Mariana and 1068 projects in Sonora state. San Marco actively pursues strategic project generation program focused on high-calibre, low acquisition cost opportunities in northwestern Mexico. The company has a committed management team with extensive experience in Mexico and a proven record of building shareholder value.
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