SAMEX NEWS RELEASE...
The Core Zone Test
SAMEX and Intl. Chalice have successfully completed a 495 meter core drill hole within the "Core Zone"
area of the Eskapa prospect, Bolivia. Drill hole DDH-EK-01-11, angled at -65 degrees, encountered the
targeted hydrothermally altered, silicified zone III at 340 meters and continued through to 495 meters. The
zone was comprised of four sections; weakly mineralized/altered hanging-wall halo, 340m. to 383m. (est.
25m. true width (tw)); strongly mineralized/altered hanging-wall, 383m. to 399m. (est. 8m. tw); very
mineralized/altered zone, 399m. to 456m. (est. 24m. tw), and thereafter strongly altered/moderately
mineralized foot-wall to the end of the hole at 495 meters. The zone was intersected at approximately 30
degrees to the core axis therefore the true width of the mineralized interval is estimated to be 57 meters.
Pyrite and other unidentified minerals were encountered in varying amounts throughout the zone as
disseminated sulfides, veins and veinlets. Varying degrees of silicification, including 12 distinct areas of
intense vuggy silica within the very mineralized/altered zone, were observed. Clay alunite alteration was
pervasive throughout the intersection, grading from white, to pink, to a crimson red at the zone’s most
intensive parts. Native sulfur, yellow orpiment and realgar minerals were also observed.
Drill hole 11 has importantly confirmed the great depth, extent and increasing thickness with depth, of the
hydrothermally altered, silicified structures which occur within the Core Zone area of the eroded out
Eskapa stratovolcano. (See plan view map) In successfully testing zone III approximately 280 meters
below previously drilled DDH-EK-99-02 (to 450 meters below surface), hole 11 has demonstrated the
substantial tonnage potential of these structures. (See Interpretive cross-section B-B') The style of the
mineralization/alteration encountered is indicative of a precious metal (gold-silver), high sulfidation acid
sulfate mineralizing system. Samples from hole 11 are being logged in detail, split and prepared for the
assay lab. While the Company is optimistic that assay results will be favorable, no accurate
determination of the nature, type or extent of mineralization can be made without such assays and any
inference of such results is unwarranted at this time.
The Copper Zone Test
Drill hole DDH-EK-01-3C, designed to test a deep-seated IP anomaly, intersected two faults within the
capping volcanic rocks, nearly oblique to the core axis and had to be abandoned before it could
penetrate the expected altered/mineralized zone targeted at depth. A new drill pad has been constructed
(DDH-EK-01-4C) to attempt this test again with a more perpendicular angle to the expected faults.
Information gleaned from drill hole 3C helped to clarify the possible relationship of the outcropping
oxide-copper pebble breccias to the IP anomaly to be tested in proposed hole 4C.
Exploration on the Eskapa prospect to date has demonstrated the presence of an extensive mineralizing
system (+5sq.kms.). Should either or both of holes 11 or proposed 4C produce strongly
gold-silver-copper mineralized intercepts the possibility of a significant economic discovery within the
Eskapa prospect would be substantially enhanced. The Company is seeking further funding to expand
the current exploration effort.
Jeffrey Dahl,
President |
