Canplats Resources Corporation: Camino Rojo Drilling Extends the Represa Zone to the East and Southwest
May 22, 2008 07:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 22, 2008) - Canplats Resources Corporation (TSX VENTURE:CPQ) is pleased to announce the results of a further twenty-one reverse-circulation drill holes completed in the Represa Zone of the Camino Rojo project in the State of Zacatecas, Mexico.
A total of four drills continue to delineate the Represa Zone with infill drilling as well as test for extensions of the mineralization along strike and to depth. Drilling on the eastern edge of the zone has intersected mineralization well past the limit defined by the surface pitting program (please see maps at www.canplats.com). More significantly, drilling to the southwest has intersected a thick zone of strong precious and base metal sulphide mineralization. With the addition of these new intersections, Represa Zone mineralization has now been traced along a length of 900 meters and remains open for further expansion. Highlights of this drilling include:
- To the east, drill holes CR-53, CR-55, CR-58 and CR-60, have extended the Represa Zone near-surface mineralization for up to 200 meters from the previously-reported drill holes and intersected up to 0.85 grams gold per tonne, 19.27 grams silver per tonne, 0.28% lead, and 0.50% zinc over 222 meters in drill hole CR-55.
- To the west-southwest, drill holes CR-56, CR-57 and CR-59 intersected mineralization beyond previously-reported reverse-circulation drill holes. These intersections include 1.07 grams gold per tonne, 14.97 grams silver per tonne, 0.26% lead, and 0.63% zinc over 186 meters in drill hole CR-59 and 1.73 grams gold per tonne, 20.42 grams silver per tonne, 0.25% lead, and 0.61% zinc over 94 meters in drill hole CR-57. It's important to note that all three of these holes terminated in strong sulphide mineralization and as such the mineralization remains open for further expansion.
- In the main body of the Represa Zone, additional drilling continues to demonstrate very good internal continuity of the mineralization, with results up to 1.47 grams gold per tonne, 13.01 grams silver per tonne, 0.30% lead, and 0.41% zinc over 220 meters in drill hole CR-40 and 1.27 grams gold per tonne, 18.11 grams silver per tonne, 0.39% lead, and 0.52% zinc over 300 meters in drill hole CR-45.
Drill results are summarized in the following table:
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Hole From To Interval(ii) Gold Silver Lead Zinc
No. (meters) (meters) (meters) (g/tonne) (g/tonne) (%) (%)
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CR-40 0 220 220 1.47 13.01 0.30 0.41
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CR-41 0 34 34 0.63 8.37 0.17 0.24
60 86 26 0.59 8.18 0.13 0.27
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CR-42(i) 0 300 300 0.79 11.39 0.19 0.46
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CR-43 0 78 78 0.97 12.68 0.22 0.28
102 116 14 4.34 17.19 0.31 0.28
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CR-44(i) 0 300 300 0.86 15.74 0.30 0.50
incl. 2 168 166 1.14 19.42 0.36 0.47
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CR-45(i) 0 300 300 1.27 18.11 0.39 0.52
incl. 8 180 172 1.59 18.75 0.46 0.44
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CR-46(i) 0 300 300 0.58 20.02 0.31 0.60
incl. 160 228 68 1.06 35.59 0.43 0.88
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CR-47 0 254 254 1.01 10.59 0.27 0.31
incl. 72 124 52 1.51 10.34 0.20 0.27
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CR-48 0 84 84 0.57 11.01 0.17 0.27
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CR-49(i) 72 300 228 0.65 14.97 0.28 0.58
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CR-50 0 198 198 0.65 8.84 0.14 0.21
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CR-51(i) 0 282 282 0.99 16.27 0.27 0.37
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CR-52(i) 0 300 300 0.96 22.56 0.47 0.66
incl. 148 230 82 2.25 41.26 0.67 1.19
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CR-53 48 148 100 0.44 16.17 0.24 0.41
incl. 118 148 30 0.75 29.39 0.47 0.85
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CR-54 202 210 8 1.67 18.00 0.03 0.08
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CR-55 12 234 222 0.85 19.27 0.28 0.50
incl. 122 208 86 1.44 30.45 0.39 0.84
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CR-56(i) 178 300 122 1.06 12.96 0.18 0.31
incl. 208 300 92 1.22 13.88 0.20 0.36
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CR-57(i) 206 300 94 1.73 20.42 0.25 0.61
incl. 274 300 26 3.49 26.97 0.26 1.18
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CR-58 2 46 44 0.47 8.00 0.18 0.18
190 242 52 0.44 16.84 0.37 0.60
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CR-59(i) 114 300 186 1.07 14.97 0.26 0.63
incl. 198 248 50 1.96 23.28 0.50 0.97
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CR-60 72 160 88 0.75 14.06 0.24 0.26
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(i) Hole ended in mineralization
(ii) True width to be determined
The Company is making preparations for preliminary exploration programs to evaluate areas of favourable alteration associated with regional magnetic features that are situated up to 20 kms from the Represa and Don Julio Zones. The 150,000 hectare (580 square mile) Camino Rojo project is wholly-owned by Canplats Resources and is located in an area of excellent infrastructure, 50 kilometers to the southeast of Goldcorp's Penasquito mine.
All work is being supervised by Ken McNaughton, vice-president, exploration, and a qualified person as defined by Canada's National Instrument 43-101 responsible for the Camino Rojo exploration program and has verified the data in the table above. All samples were submitted for preparation in Guadalajara, Mexico and analysis at its facilities in Vancouver, B.C. by ALS Chemex. All samples were analyzed using aqua regia digestion with ICP finish. All gold samples were fire assayed with an AA finish and all samples over 10 ppm gold were re-assayed using a fire assay with a gravimetric finish. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. One in 20 samples was blind duplicate assayed at ALS Chemex in Vancouver, B.C.
To receive Canplats' news releases by e-mail, contact Blaine Monaghan, Director, Investor Relations, at info@canplats.com or (866) 338-0047. Some of the statements contained in the company's news releases may be forward-looking statements such as the company's future plans, objectives and goals. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties which could cause actual results to vary considerably from these statements. The risks and uncertainties include general and economic conditions as well as those described in Canplats' SEC Form 20F.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. |
