Todays Press Release:
Pacific Rim Mining Corp.
Suite 822-510 West Hastings Street, Vancouver, B.C., V6B-1L8
Telephone (604) 689-1976 or 1-800-617-7747; Fax (604) 689-1978
Web Site: pacrim-mining.com Email:
ASSAY RESULTS FROM CONTINUING DIABLILLOS DRILL PROGRAM -Sept. 30/96
Pacific Rim Mining Corp. reports results of 9 drill holes from the
continuing reverse circulation drill program on the Diablillos epithermal property in northwest Argentina, where over a one kilometre long gold-silver zone has been outlined.
Drill hole 96-18 assayed 3500 grams/ton (101 ounces/ton) silver, and .24 grams/ton (.01 ounce/ton) gold, (1.3 ounce/ton gold equivalent), over 26 metres (84 feet). The hole was lost while in mineralization. It intersected the mineralized zone 150 metres east of hole 93-1 (100 metres [330 feet] of 11 grams/ton [.36 ounce/ton] gold equivalent). This excellent grade section, along the central section of the Oculto Zone, remains open to the east.
At the east end of the Oculto Zone, step-out holes 96-20, and 96-21, drilled east of hole 96-10, (145 metres of .8 grams [.025 ounce] gold equivalent), intersected the zone (96-20=18 metres of .85 grams/ton [.025 ounce/ton] gold), and (96-21=51 metres of .45 grams/ton [.015 ounce/ton] gold), which shows the Oculto Zone persists to the east.
At the west end of the Oculto Zone, step-out holes 96-14, 96-15, and 96-16 drilled west of hole 96-1, (46 metres [150 feet], of 7 grams/ton [.23 ounce/ton] gold), intersected narrow mineralized sections, which effectively closes off the mineralization to the west. Three other in-fill holes, (96-13, 96-17, 96-19), were drilled to test the Oculto Zone, but intersected no significant values.
Pre-1994 drilling along a 500 metre strike length of the Oculto zone
resulted in a geological resource of approximately 4 million tons grading 2.1 grams/ton (.06 ounce/ton) gold, and 256 grams/ton (8 ounce/ton) silver, in a 50 to 150 metre (165 to 480 foot) wide zone. The first 10 hole 1996 program increased the Oculto Zone geological strike length to over one kilometre (.6 mile). The latest 9 holes limits the west extension, but leave the east extension open.
Drill hole 96-01, reported in the previous news release, was e-assayed with values increasing to 46 metres (150 feet) of gold at 3.54 grams/ton(.12 ounce/ton), and silver at 396 grams/ton (12 ounce/ton) = 0.28 ounce/ton gold equivalent.
In-fill drilling is now testing the continuity of mineralization from the over one kilometre long Oculto Zone between 96-1, 96-5 and 96-10. Assay results from the next 8 holes should be available within two weeks.
Pacific Rim Mining Corp. owns an indirect 30% interest in Pacific Rim Mining Argentina SA, which holds an option to purchase the Diablillos property. Barrick Gold Corporation owns an indirect 70% interest in Pacific Rim Argentina S.A.
PACIFIC RIM MINING CORP.
<original signed document on file at V.S.E.>
__________________________
G.B. Phillips, President
This news release was prepared by management and they accept responsibility for its accuracy. The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein
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JED, can we expect a laymans version? 3,500 GRAMS PER TON SILVER!!!!!
Best of Luck,
Ross |
