Ottawa, ON - San Anton Resource Corporation (SNN:TSX) is pleased to announce results from the second regional target to be drilled on its San Anton property, state of Guanajuato, Mexico. Results from the Espiritu Santos prospect include 1.5m grading 218 g/t of silver and 2.1 g/t of gold (5.7g/t AuEq) within a 4.6m intersection grading 99 g/t of silver and 0.88 g/t of gold (2.5g/t AuEq) and 6.1m grading 65 g/t of silver and 0.20 g/t of gold (1.3g/t AuEq). The San Anton property is a joint venture between San Anton Resource Corporation (51 per cent) and Goldcorp Inc. (49 per cent).Espiritu Santos is located on the Carmen-Providencia vein system, approximately two kilometers south of the previously announced exploration results from the Empalizada prospect. It is one of more than 25 regional targets which have been identified to date on the 237km2 San Anton property. Four holes totaling 1,122m were drilled to test a gold in soil anomaly coincident with a section of the vein system defined by structural brecciation and numerous small scale, local mining sites. Additional drilling is planned for Espiritu Santos as well as two kilometers further south at San Luis Rey where 32 rock chip samples averaged 9.98g/t gold and 18g/t silver and a soil geochemistry program is being completed.Gregory Bowes, President & CEO of San Anton stated that “The first three targets drilled on the San Anton property, Cerro del Gallo, Empalizada and now Espiritu Santos, have all returned very encouraging intersections. This provides further evidence that the 10 km2 clay alteration zone which hosts both Cerro del Gallo and Carmen-Providencia is related to a very large, fertile mineral-bearing system that has the potential to host multiple deposits. Silver-gold grades are similar to those intersected at Empalizada and rock textures are suggestive of the upper level of epithermal precious metal deposits.”Measured resources in the Cerro del Gallo deposit total 63Mt grading 1.14g/t AuEq (2.3Mozs AuEq), indicated resources total 260Mt grading 0.69g/t AuEq (5.8Mozs AuEq) and inferred resources an additional 112Mt grading 0.59g/t AuEq (2.1Mozs AuEq), all based on a 0.30g/t AuEq cut-off grade. The deposit contains four million ounces of gold, 171 million ounces of silver and 448,000 tonnes of copper and remains open laterally and at depth. Three drill rigs are currently operating on the property. Two are doing expansion drilling at Cerro del Gallo with initial results expected shortly, while the third is drilling regional targets.Espiritu Santos Prospect Drill Intersections (10g/t Ag cut-off)
Hole ID From To Width Au (g/t) Ag (g/t) AuEq (g/t)
ES-001 99.06 102.11 3.05 0.11 27 0.57
ES-002 13.72 15.24 1.52 0.27 11 0.45
ES-002 109.73 114.30 4.57 0.88 99 2.53
including 111.25 112.77 1.52 2.09 218 5.72*
ES-003 NO SIGNIFICANT INTERSECTIONS
ES-004 56.39 57.91 1.52 0.18 19 0.50
ES-004 147.83 153.93 6.10 0.20 65 1.27
ES-004 173.74 175.26 1.52 0.06 13 0.28
*0.50 g/t Au cutoff. Au equivalence (“AuEq”) has been calculated as AuEq = Au + (Ag/60) + (Cu X 2.3). 100 per cent metallurgical and smelter recoveries have been assumed.Drilling was supervised by Graeme Rabone, an independent consultant, who is a Qualified Person under National Instrument 43-101 and has reviewed and approved the technical information in this release. RC samples are assayed in 1.52 metre intervals, at SGS in Toronto, Canada. Gold is routinely assayed using a 30 gram sample, fire assay fusion and AAS finish with all gold values of greater than 1.0g/t routinely re-assayed by SGS using the gravimetric method prior to batch reporting. Silver values are determined on a 2 gram sample, aqua regiahydrofluoric acid digest and AAS finish with high values checked using a different method. Standard reference material is routinely inserted into the sample stream from RC drilling at a rate of 1 in 40 samples and sample blanks every 1 in 100 samples. Field duplicates are inserted every 1 in 50 samples. Analytical QA/QC work is done at a later time at another external laboratory on approximately 5% of selected samples containing above background metal values.
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For further information please contact: Gregory Bowes, President & CEO / Tel: (613) 729-9006 Christian Del Valle, Manager Corporate Development / Tel: (613) 729-9006 The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of San Anton are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of San Anton are detailed from time to time in the filings made by San Anton with securities regulators. |
