San Marco Samples 5.9 g/t Gold and 80.1 g/t Silver Over 3.1 Meters, and Stakes More Ground at Angeles
November 27 2012 - 8:30AM
Marketwired
San Marco Resources Inc. (TSX VENTURE:SMN) is continuing
exploration at its 100% optioned Angeles property in Sonora State,
Mexico. Detailed geological mapping and hand trenching is being
carried out, approximately 1.5 km to the west from the old
underground workings, where significant gold and silver assays were
reported (News Release dated October 11th, 2012).
Intermittent surface exposure of the primary Angeles fault
structure continues for about 2 km to the west. Highlights of assay
results from trenching across this hematite rich structure
include:
-- 4.9 g/t gold and 59.4 g/t silver over 4.9 meters.
The above interval includes:
-- 5.9 g/t gold and 80.1 g/t silver over 3.1 meters.
Approximately 35 meters farther to the west, limited outcrop
assayed:
-- 5.14 g/t gold and 80.1 g/t silver over 1.5 meters.
In addition, the Company has staked 12,042 hectares, adjacent to
the Angeles property. This new land position was acquired to cover
potential extensions of currently known surface mineralized fault
structures, as well as newly discovered old pits, shafts and other
workings located over an area 2 - 3 km to the south. The Angeles
property now consists of a total of 12,404 hectares.
The Company's Chief Executive Officer, Bob Willis, commented,
"Exploration results continue to support our original theory that
multiple exploration targets exist over at least 3 km of strike at
Angeles, exhibiting similar gold and silver grades to 100 year old
underground workings. With the addition of our recently staked
significant land position, which covers similar mineralized surface
workings, San Marco has an opportunity to provide our shareholders
with a substantial discovery opportunity."
A 20 kg sample was taken from the main Angeles structure in the
old underground workings, approximately 100 vertical meters below
surface. Assay results (previously reported in News Release dated
October 11th 2012) in the area of this sample are: 5.93 g/t gold,
59.2 g/t silver and 1.35% copper. Petrographic studies,
confirmation grade assaying, as well as some initial metallurgical
testing, are being carried out on this sample, the results of which
are expected in 2 weeks.
Compilation of geological mapping, geophysics and geochemistry
is expected to be completed by mid-December in preparation for
Phase 1 drilling.
The technical information contained in this press release has
been verified, and this news release has been approved, by San
Marco's CEO, 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.
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: San Marco Resources Inc. Rick Peterson - Corporate
Finance Consultant 604-913-9419 or 604-868-3164 CAN (Toll Free)
1-888-888-9122 USA (Toll Free) 1-888-888-9123rick@rickpeterson.ca
San Marco Resources Inc. Robert D. Willis CEO 604-568-5951 or
604-813-2606rwillis@sanmarcocorp.com www.sanmarcocorp.com