Ottawa, ON - San Anton Resource Corporation (SNN:TSX) is pleased to announce results from an additional eight holes drilled at the Empalizada prospect, 1.8km west of the Cerro del Gallo gold-silver-copper deposit on the San Anton property, Guanajuato State, central Mexico. Results include 4.6m grading 3.5g/t gold and 428g/t silver in hole CP-008, 1.5m grading 3.4g/t gold and 590g/t silver in hole CP-006, and 1.5m grading 2.7g/t gold and 340g/t silver in hole CP-007.“Results to date continue to provide encouragement that we are at the upper level of an epithermal system and will help target the potential boiling zone at depth,” said Gregory Bowes, President & CEO. “Silver and gold grades intersected at Empalizada are typical of the Guanajuato district which has recorded production of 1.1 billion ounces of silver and 6.5 million ounces of gold from epithermal veins” he added. Empalizada Prospect - Intersections based on a 10g/t silver cut-off
Hole ID From To Interval Au (g/t) Ag (g/t)
CP-001* 27.43 28.96 1.52 1.02 40
CP-002* 179.83 181.36 1.52 1.40 281
CP-003* 108.20 111.25 3.05 1.05 200
CP-004* 109.73 111.25 1.52 1.85 184
CP-005 170.69 172.21 1.52 0.01 33
CP-006 143.26 144.78 1.52 3.40 590
CP-006 234.70 242.32 7.62 0.42 78
CP-007 86.87 89.92 3.05 0.81 30
CP-007 94.49 96.01 1.52 2.69 340
CP-008 132.59 137.16 4.57 3.52 428
CP-008 188.98 190.50 1.52 1.03 281
CP-009 83.82 86.87 3.05 0.96 29
CP-010 47.24 48.77 1.52 0.28 13
CP-011 112.78 115.82 3.05 0.41 20
CP-012 59.44 62.48 3.05 0.10 26
* Previously Reported Empalizada is one of more than 25 areas identified for evaluation on the San Anton property. It is located at the northern end of the 3km north-northwest trending Carmen-Providencia epithermal vein system where historic mining has only occurred at shallow depths. RC drilling was undertaken to broadly define the lateral extent of the vein system which is in excess of 100 meters in width and contains at least four separate parallel or sub-parallel epithermal-style veins.Quartz vein textures in surface float material are suggestive of the upper level of an epithermal system. An additional 20 hole RC program is underway and results will then be compiled and integrated with surface geological mapping and rock chip data to determine the geometry of the individual veins within the system. This information will form the basis for planning a deeper diamond core drill program to investigate the potential presence of a boiling zone at depth where wider zones of higher grade silver and gold are typically concentrated.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 and copper values are determined on a 2 gram sample, aqua regia-hydrofluoric acid digest and AAS finish with high values checked using a different method. Standard reference material is routinely inserted into the sample stream from diamond core and 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. San Anton Resource Corporation is a new exploration and development company that commenced trading Dec. 12, 2006 on the TSX. The Company’s principal asset is a 51% interest in the 237 km2 San Anton Property in central Mexico with Goldcorp owning the balance of 49%. The Property has only recently been subjected to modern exploration techniques which has already lead to the identification of more than 25 targets including the Cerro del Gallo gold-silver-copper deposit where a gold equivalent resource exceeding 10 million ounces has been defined to date. A US $10M program is underway to complete initial engineering and metallurgical studies and continue expanding the Cerro del Gallo deposit, and to drill additional exploration targets on the property.
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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. |
