Mr. Christian Grijalva reports
SAN MARCO IDENTIFIES ADDITIONAL SIGNIFICANT COPPER/SILVER MINERALIZATION ON CHUNIBAS AND BEGINS DRILL PREPARATION
San Marco Resources Inc. has released the results and recommendations of its continuing Chunibas exploration program. Most recent surface exploration activities included geological mapping, trenching and geochemical surveys. As a result, the San Marco team has expanded the known surface expression of the mineralized system and confirmed consistent copper mineralization in several areas within the larger system.
Christian Grijalva, chief executive officer ofSan Marco, stated: "We're very pleased with the results we have generated over the past few months at Chunibas. We've been able to conclusively demonstrate that the copper mineralization on the Chunibas property represents a typical volcanic-hosted stratiform system, analogous to several known copper-silver Chilean deposits, but previously unknown in Mexico. Now that we have confirmed both scale and consistency, the next step will be preparations for a drilling campaign to locate higher-grade areas and then expand those areas down dip and along strike. The company expects a drill program could start as soon as the rainy season ends and local road conditions improve."
Exploration results
Highlights include:
Recent exploration has identified many new copper/silver occurrences. Ninety-six new rock chip sample assay results had been received. Approximately 80 per cent of these samples exhibited visible copper oxide/sulphide mineralization, with 41 per cent of these sample assays having copper values greater than 0.1 per cent. The highest reported copper grade is 1.34 per cent.Attempts to excavate hand-dug trenches were very challenging due to the craggy undulating rock/alluvium contact. Highlights of the few successful saw-cut continuous channel samples are 30 metres at 0.16 per cent copper and 2.6 grams per tonne silver, and 22 metres at 0.17 per cent copper and 2.3 g/t silver.Portable X-ray fluorescence rock analysis was conducted over an area of 300 metres by 1,400 metres. The results indicate anomalous to significant copper values remain consistent throughout and along the entire corridor.The mineralized northwest-southeast corridor is 1.7 kilometres by 300 metres, and remains open along strike and down dip.Copper sulphide mineralization occurs as a non-supergene bornite-chalcocite-(diginite) assemblage. Copper oxides are also common.For related images, please visit the Chunibas project on the company's website.
Highlights of the most recent rock sample assay results are provided the the attached table.
SampleCu (%) Ag (g/t)366710 0.35 3.01366718 0.81 4.62366731 1.13 26.6366732 0.77 15.8366735 0.411.8 366736 0.62 2.71366738 0.76 3.28366740 0.54 1.91366746 1.3412.75 366754 0.42 2.52366756 0.331.1 366758 0.33.61366759 0.67 6.58366760 0.32 1.12366761 1.31 5.06366772 0.46 3.42366781 0.341.5
Exploration plans
Integration of the recent exploration results into the Chunibas database to generate a comprehensive exploration strategy is continuing.
The following exploration program will continue until the company begins its maiden drill campaign following the end of the current summer rainy season:
Detailed geological mapping and infill rock chip and channel sampling over the southeastern extension of the mineralized corridor;Anomalous copper points identified by portable X-ray fluorescence rock analysis, in combination with known and recently found mineralized occurrences, to be considered for future drill hole locations;Drill targets will be defined to adequately test on-strike, down-dip and depth projections.
About San Marco Resources Inc.
San Marco is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, 1068, Espiritu SMR and La Caridad Este projects in Sonora state.
San Marco actively pursues a 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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