Ottawa, ON - San Anton Resource Corporation (SNN:TSX) is pleased to announce initial results from the first 10 expansion reverse circulation (“RC”) holes drilled around the Cerro del Gallo deposit. Results included 154m grading 0.49g/t gold, 29g/t silver and 0.16% copper (1.34g/tAuEq) in hole SA-259, 52m grading 0.21g/t gold, 42g/t silver and 0.27% copper (1.54g/t AuEq) in hole SA-260, and 87m grading 0.24g/t gold, 18g/t silver and 0.23% copper (1.06g/t AuEq) in hole SA-275. In addition, 12 infill RC holes were drilled within the Cerro del Gallo deposit and a number of intersections were better than predicted by the resource model including 184m grading 0.08g/t gold, 18g/t silver and 0.32% copper in hole SA-264, and 187m grading 0.07g/t gold, 24g/t silver and 0.28% copper in hole SA-265. These holes are all open at depth.“Results have validated the existing resource and also indicate that the Cerro del Gallo deposit definitely extends to the east and south-east with almost all holes drilled in these areas either expanding the resource potential or containing intersections significantly higher than the resource grade, although richer in silver and copper,” said Gregory Bowes, President & CEO. “These holes were drilled 50 to 150m east and southeast of the current resource along a strike length of approximately 600m. Most of the holes remain open at depth and therefore the deposit has still not been closed off laterally or at depth” he added.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 Mexico (Goldcorp 49%). The Property has only recently been subjected to modern exploration techniques which has already lead to the identification of more than 20 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 $9.7M program is underway to continue expanding the Cerro del Gallo, complete initial engineering and metallurgical studies and drill additional exploration targets. The current metallurgical testwork is focusing on the relatively higher grade copper and silver zone that remains open to the east and south-east. Go to PDF version of the press release for a complete table of the "Cerro del Gallo Initial Expasnion Drilling Results - Significant Intersections based on a 0.30g/t AuEq Cut-off." NOTE: 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.
Click here to view PDF version.
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. |