Canplats drills 1.61 g/t Au over 183 m at Camino Rojo
2007-12-11 07:32 ET - News Release
Mr. R.E. Gordon Davis reports
CANPLATS RESOURCES CORPORATION: CAMINO ROJO DRILLING INTERSECTS 183 METERS AVERAGING 1.61 GRAMS PER TONNE GOLD FROM SURFACE
Canplats Resources Corp.'s 183-metre drill hole has intersected oxide gold and silver mineralization from surface in the Represa zone of the Camino Rojo project in the state of Zacatecas, Mexico.
CR-06, collared 45 metres south of CR-01 and inclined at minus-50 degrees to the north, intersected 183 metres averaging 1.61 grams of gold per tonne, 12.84 grams of silver per tonne, 0.49 per cent lead and 0.31 per cent zinc, including 72 metres averaging 2.59 grams of gold per tonne, 18.03 grams of silver per tonne, 0.76 per cent lead and 0.33 per cent zinc. These intersections were hosted entirely in oxide mineralization, and the hole ended in mineralization.
Interval From To (iii) Gold Silver Lead Zinc Hole No. (metres) (metres) (metres) (g/tonne) (g/tonne) (%) (%)
CR-01(i) 0 146 146(ii) 1.10 9.71 0.29 0.25 CR-02(i) 0 129 129 0.76 11.87 0.29 0.25 CR-03(i) 0 147 147(ii) 1.05 10.87 0.38 0.27 CR-04 0 180 180(ii) 0.66 11.55 0.21 0.34 incl. 170 180 10(ii) 0.78 11.04 0.16 0.49 CR-05 110 118 8 2.27 5.56 NSV NSV CR-06 0 183 183(ii) 1.61 12.84 0.49 0.31 incl. 68 140 72 2.59 18.03 0.76 0.33
(i) Previously reported in Stockwatch Nov. 26, 2007. (ii) Hole ended in mineralization. (iii) True width to be determined.
Maps of the drill program are available at the company's website.
Other results include hole CR-04, drilled 115 metres south of hole CR-01, inclined at minus-50 degrees to the north and drilled close to the southern limit of the Represa zone, which intersected 180 metres averaging 0.66 gram of gold per tonne, 11.55 grams of silver per tonne, 0.21 per cent lead and 0.34 per cent zinc. The bottom of hole CR-04 intersected 10 metres of sulphide mineralization averaging 0.78 gram of gold per tonne, 11.04 grams of silver per tonne, 0.16 per cent lead and 0.49 per cent zinc. The sulphide intersection is very significant as it confirms the exploration potential to depth below the zone of oxide mineralization.
Hole CR-05, inclined at minus-50 degrees to the west, was a wildcat hole drilled in a new area now called the Don Julio zone which was defined by an induced polarization (IP) geophysical study (see news as reported in Stockwatch Nov. 26, 2007). CR-05 intersected eight metres averaging 2.27 grams of gold per tonne and 5.56 grams of silver per tonne. These results confirm that the area is mineralized, and additional geophysical studies are under way to refine the drill targets in this large anomaly.
Ten holes have been drilled to date on the property, and drilling will continue into late December. Further results will be released as they are received.
All work is being supervised by Ken McNaughton, vice-president, exploration, and a qualified person as defined by Canada's National Instrument 43-101 responsible for the Camino Rojo exploration program, and has verified the data in the table. All samples were submitted for preparation in Chihuahua, Mexico, and analysis at its facilities in Vancouver, B.C., by ALS Chemex. All samples were analyzed using aqua regia digestion with ICP finish. All gold samples were fire assayed with an AA finish and all samples over 10 parts per million gold were reassayed using a fire assay with a gravimetric finish. Samples over 100 ppm silver were reanalyzed using four-acid digestion with an ore grade AA finish. One in 20 samples was blind duplicate assayed at ALS Chemex in Vancouver, B.C.
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