Monday May 15, 12:15 pm Eastern Time
Company Press Release
Layfield Resources: Mexican Zinc-Silver-Lead
Exploration Results
VANCOUVER, B.C.--(BUSINESS WIRE)--May 15, 2000--Layfield Resources Inc. (CDNX:LAY - news) is pleased to
report initial exploration results on its 100%-owned Nicolas North property in Mexico.
Six large MMI geochemical anomalies have been located, one of which -- Anomaly E1 -- is exceptional in both size and
extent. Follow-up surveys and drilling are planned.
The property is located within a major geological belt hosting Carbonate Replacement Deposits (CRD's) extending from
Arizona in the north to central Mexico in the south. This belt is one of the largest zinc-silver-lead regions in the world and has
been mined for over 400 years. For example the Conception del Oro district is reported to have had 40 million tons of
production and to still contain 48 million tons of reserves at an average grade of 12.8% zinc, 5.8% lead, 275 g/t silver together
with copper and gold credits.
Most of the known deposits are in areas of outcrop and were found by prospecting. Recent discoveries in the region have been
made, in large part, in overburden-covered areas utilizing modern exploration techniques. Layfield's properties cover a very
large area with extensive overburden cover and no record of modern exploration. The Altiplano CRD's are generally
associated with the flanks of Early to Mid-Tertiary diorite to granite intrusions.
Many of the deposit related intrusions have strong magnetic signatures that provide a regional scale guide to identifying
favorable target areas for exploration.
Layfield carried out reconnaissance scale MMI geochemistry on the flanks of magnetic features. On the basis of the results
Layfield is in the process of reducing its initial 1 million hectares to only the most prospective area totaling about 61,000
hectares. The retained area, the San Miguel Project is within 15 kilometers of the Charcas Mining District. This historic mining
camp is Mexico's largest zinc producer and boasts one of the lowest mining costs in the country.
MMI anomaly E1 covers an area of over 3 kilometers by 1 kilometer and the highest stacked response ratio anomaly is
87,500, in general MMI stacked response ratios of greater than 40 are considered anomalous. MMI personnel have reviewed
the E1 data and comment:
``We are very excited by this data, normally anomalies of this extent and magnitude are seen during orientation surveys over
significant deposits at a shallow depth, often associated with producing mines. Clearly, Layfield is on to something.''
For more details on Layfield and this exciting exploration project please visit our updated website at
www.layfieldresources.com.
ON BEHALF OF THE BOARD D. Neil Briggs President
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this
release.
Contact:
Layfield Resources Inc.
D. Neil Briggs, 604/687-7178
or
Toll Free: 1-888-244-6644
604/687-7179 (FAX)
Website: www.layfieldresources.com
E-mail: info@layfieldresources.com
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Related News Categories: mining/metals
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