Silvermex Reports Underground Sampling Assays. Highlights Include: 2m of 41.0 g/t Gold, 123.0 g/t Silver and 6.4% Base Metals
18 Dezembro 2009 - 12:25PM
Marketwired
Silvermex Resources Ltd. (TSX VENTURE: SMR) (the "Company" or
"Silvermex") is pleased to announce the previously unreported
results of a detailed underground channel sampling program of the
historic Plomosas-La Cruz Mine completed by the previous owner in
2008. This information was derived as Silvermex continues to
examine and analyze vast amounts of data compiled from past
exploration programs at the Rosario project.
The past-producing Plomosas Silver/Gold/Lead/Zinc mine is
strategically located within 5 kilometers of Silvermex's San
Marcial Silver Project in south eastern Sinaloa State, Mexico.
The project area is located within the Metallogenetic Province
of the Sierra Madre Occidental, which is represented by a thick
package of extrusive volcanics composed of a sequence of andesitic
and rhyolitic units represented by flows, ignimbrites and tuffs,
resting on a pre existing basement of Precambrian, Paleozoic,
Mesozoic metamorphic, sedimentary and igneous rocks. Mineralization
of interest in the Plomosas-La Cruz Mine is related to the
discordant contact between the Plomosas Andesite tuffs and
rhyolitic ignimbrite units and andesitic pyroclastic flows, and is
hosted in heterolithic breccias, fractured lavas and pyroclastic
flows, occurring in the form of massive sulphide lenses, in
hydrothermal breccias, or in stockwork zones. The complex fault
planes of the Plomosas Fault Structure constitute the principal
structural control for the metal bearing hydrothermal fluids.
Plomosas-La Cruz Mine - Select Underground Channel Samples taken
from Levels 775 to 825
Table 1. Significant Sample Results, north wall Level 775.
The north wall provided 16 cut channel samples, 14 of which gave
results with interesting values for Au, Ag, Cu, Zn, and Pb, as
shown in the following table of results.
SAMPLE WIDTH g/t %
Au Ag Cu Pb Zn
869 2.00 40.96 123 0.578 3.11 2.72
870 2.00 4.56 239 0.930 1.54 0.52
871 2.00 9.73 235 0.862 0.23 0.98
872 2.00 1.04 59 0.181 0.21 1.44
874 2.00 1.83 70 1.100 0.26 0.38
875 1.40 2.94 53 1.501 0.12 2.58
876 2.00 0.27 40 1.966 0.12 0.25
877 2.00 0.51 47 2.863 0.08 1.01
878 2.00 2.05 45 0.984 0.67 1.42
880 2.00 22.74 6 0.113 6.55 4.91
881 1.60 0.25 13 0.014 0.71 2.52
1261 2.00 5.15 259 3.854 4.54 15.78
1262 2.00 6.38 61 0.373 0.43 1.36
1263 1.55 19.55 218 0.777 0.42 1.28
Table 2. Significant Sample Results, northeast wall on Level
775.
Eleven samples were collected from the northeast wall from a
mineralized structure striking 302 degrees and dipping 41 degrees
SW. The results of these samples are listed below.
SAMPLE WIDTH g/t %
Au Ag Cu Pb Zn
882 1.80 4.27 148 0.109 0.71 2.46
883 0.75 36.41 1536 0.516 17.85 11.33
884 1.00 0.91 14 0.295 0.53 3.63
885 1.00 4.08 125 0.083 11.14 36.6
886 0.50 1.04 43 0.032 4.87 7.31
890 1.00 0.2 less 0.013 0.44 1.24
than
5
891 1.20 2.57 38 0.037 29.3 19.47
892 0.50 1.72 27 1.554 1.08 0.84
893 1.00 0.03 less 0.004 0.43 0.36
than
5
894 2.00 2.85 44 0.027 37.74 26.33
895 0.35 2.45 52 0.024 35.57 27.1
Table 3. Significant Sample Results, west wall Level 775
Level 775 - Channel sampling of the west wall to determine the
grade of the structure as it dips westerly returned 7 samples with
values of interest, as indicated in Table 17 below.
SAMPLE WIDTH g/t %
Au Ag Cu Pb Zn
862 1.85 1.53 58 0.302 2.98 6.10
863 0.55 2.17 72 0.237 3.43 6.84
864 0.90 2.79 less 0.099 0.13 0.28
than
5
865 2.00 2.95 98 0.149 1.77 0.55
866 2.00 25.39 611 1.267 2.56 11.35
867 2.00 17.96 379 0.255 0.82 5.52
868 0.50 5.59 74 0.208 0.39 8.34
The mineralization in this part of the Plomosas System occurs in
the immediate hanging wall of the Plomosas Fault Structure in the
form of a stockwork zone with a general trend that ranges between
315 to 325 degrees with apparent dips from 38-45 degrees SW.
As part of the 2007-2008 Rosario exploration programs, the
previous operator conducted underground mapping, as well as chip
and saw cut channel sampling of accessible historic reserve blocks
between the 862 to 775 levels in the Plomosas-La Cruz Mine to
confirm the historic sample data. A total of 121 samples were
collected and sent for analysis to Acme Laboratories in Vancouver,
BC. In 2008, when the majority of underground sampling was carried
out, duplicate, standard and blank samples were inserted in every
batch of 30 samples to ensure laboratory QA-QC performance.
Analytical results were plotted on the respective mine level plans
and are also listed in the 2008 project assay database.
Qualified Person
The contents of this press release were reviewed and approved by
James McCrea, P.Geo. who is the Qualified Person for the Roisario
Project under the guidelines of National Instrument 43-101.
This News Release contains forward-looking statements. Forward
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While these forward-looking statements, and any assumptions upon
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current judgment regarding the direction of our business, actual
results will almost always vary, sometimes materially, from any
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performance suggests herein. Except as required by applicable law
the Company does not intend to update any forward-looking
statements to conform these statements to actual results.
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accuracy of this release.
Contacts: Silvermex Resources Ltd. Duane Nelson Director, CEO
604-638-8971 info@silvermexresources.com
www.silvermexresources.com
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