| Toronto, ON - San Anton Resource Corporation (SNN:TSX) is pleased to announce results of its ongoing regional exploration program within the San Anton project, located in the state of Guanajuato, Mexico. The drilling results are from an additional number of holes drilled at the Dolores, Empalizada, Espiritu Santo, San Luis Rey and Ave de Gracia prospects. The Dolores and Empalizada prospects are located at the northern end of the 3km long Carmen-Providencia epithermal silver-gold vein system located 1.75km west of the Cerro del Gallo gold-silver-copper deposit. Espiritu Santo is approximately 2km further south of the same vein system. San Luis Rey is a structurally controlled gold system located 3.6km south of Cerro del Gallo (see Figure 1 for Location of Regional Exploration Prospects). First pass drilling designed to test the upper levels of the epithermal vein systems within about 150-200m of the land surface is now completed on the Carmen-Providencia, San Luis Rey and Ave de Gracia vein systems. Deeper drilling to a depth of about 300m below surface has also been completed at San Luis Rey and the Espiritu Santo segment of the Carmen-Providencia vein system.Results from the Dolores prospect (see Table 1) include 7.62m grading 168g/t silver and 1.51g/t gold in hole DS-005 and 10.66m grading 194g/t silver and 0.73g/t gold in hole DS-011, while results from the Empalizada prospect (see Table 2) include 3.65m grading 359g/t silver and 1.57g/t gold in hole CP-017, 4.6m grading 239g/t silver and 1.91g/t gold in hole CP-022, and 6m grading 243g/t silver and 1.70g/t gold in hole CP-025. Results from Espiritu Santo, San Luis Rey and Ave de Gracia prospect are shown on Tables 3, 4 and 5 respectively. All results are based on a nominal 0.5g/t Au cut-off or 30g/t Ag cut-off. Drillhole location maps are provided for the Carmen-Providencia prospect which includes Dolores and Empalizada (Figure 2), Espiritu Santo prospect (Figure 3), San Luis Rey prospect (Figure 4) and the Ave de Gracia prospect (Figure 5).Graeme Rabone, Consulting Geologist, said that “Several encouraging silver-gold intersections are reported from the Dolores-Empalizada segment of the Carmen-Providencia vein system (see Tables 1 and 2) and the down-dip and down-plunge extension of these intersections remain to be tested for a potential increase in width and grades of the vein system. Some of the intersections reported herein are similar to those on the nearby Guanajuato mining field where historic production of 1.1 billion ounces of silver and 6.5 million ounces of gold is recorded.”John Cook, President & CEO, added “Given the results to date, subsequent detailed geological and structural mapping will be undertaken on the Dolores and Empalizada prospects to optimize the value of future drilling. The Company’s immediate objective will focus on expediting the advancement of the San Anton project towards development through the completion of metallurgical, pit optimization and further engineering and environmental studies on the Cerro del Gallo gold-silver-copper deposit. As well as proceeding with design studies for Cerro del Gallo, the Company is very encouraged by the current status of several exploration targets, particularly the 3km long Carmen-Provedencia epithermal vein system.”A systematic program of both conventional and handheld XRF soil sampling has been completed over a 12.5 square kilometre area of the central and northern part of the Esperanza Inlier centred around the Cerro del Gallo deposit. This was undertaken on 100 x 50m centred spacing whilst parts of the remainder of the Inlier were sampled on 400 x 50m centred spacing. A broad spaced regional stream sediment sampling program has also been completed over the entire Inlier. A regional BLEG (Bulk Leach Extractable Gold) sampling program – with approximately 300 samples planned to be collected – is also nearing completion.Ongoing regional reconnaissance exploration will continue with the assessment of the results from the soil, stream sediment and BLEG sampling programmes, combining this with the ongoing geological and structural mapping and the extensive remote sensing database already established for the project area. Drilling has been temporarily suspended allowing time to prioritize exploration targets and accelerate the Cerro del Gallo studies.Results are still pending for drilling recently undertaken on some of the regional targets.Go to PDF version of the press release for complete tables of the "Regional Exploration Results" and for maps of the "Regional Exploration Prospect Drillhole Locations." 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. About San Anton Resource Corporation San Anton Resource Corporation is an exploration and development company that is listed on the Toronto Stock Exchange and is totally focused on the mining friendly jurisdiction of Mexico. The Company’s principal asset is a 58% interest in the San Anton Property (Goldcorp 42%), which hosts the near-surface Cerro del Gallo gold-silver-copper deposit. The Property is located in a historic gold-silver mining district and has only recently been subjected to modern exploration techniques. This work quickly identified several targets and has led to the delineation of a NI 43-101 Mineral Resource of +10 million ounces gold equivalent. The deposit remains open in several directions. A US $10M program is underway to complete initial engineering and metallurgical studies, to continue expanding the Cerro del Gallo resource, and to drill nearby targets.
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For further information please contact: John Cook, President & CEO / Tel: (416) 987-0856 / Email: johncook@kos.net Christian Del Valle, Manager, Corporate Development / Tel: (416) 987-0856 / Email: cdelvalle@sanantonresourcecorp.com 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. |
