Canplats Resources Corporation: Camino Rojo Drilling Extends Represa Gold-Silver-Lead-Zinc Mineralization Laterally and to Depth
Thursday April 10, 5:30 am ET
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VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 10, 2008 -- Canplats Resources Corporation (CDNX:CPQ.V - News) is pleased to announce the results of initial diamond drill holes and further reverse circulation drill holes completed in the Represa Zone of the Camino Rojo project in the State of Zacatecas, Mexico. Initial diamond drill results have confirmed the widespread gold values intersected in reverse-circulation drill holes and have extended the known mineralization to depth, while continued reverse circulation drilling has extended the margins of the known Represa Zone mineralization.
Significant drill intercepts include:
- Diamond drill hole CRD-01, which intersected 725 meters averaging 0.49 grams gold per tonne, 10.03 grams silver per tonne, 0.13% lead, and 0.40% zinc, including 398 meters averaging 0.64 grams gold per tonne, 13.97 grams silver per tonne, 0.22% lead, and 0.45% zinc.
- Diamond drill hole CRD-03, which intersected 728 meters averaging 0.50 grams gold per tonne, 12.01 grams silver per tonne, 0.11% lead, and 0.28% zinc, including 417 meters averaging 0.71 grams gold per tonne, 18.81 grams silver per tonne, 0.19% lead, and 0.33% zinc.
- Reverse circulation drill hole CR-25, which intersected 120 meters averaging 0.78 grams gold per tonne, 18.46 grams silver per tonne, 0.40% lead, and 0.39% zinc. This hole, which will be deepened in future drilling, has extended the known Represa Zone mineralization by an additional 100 meters to the east of previously announced drill hole CR-12 (see news release of January 21, 2008). Drill hole CR-21 indicates potential for further extensions of mineralization to the east.
- Reverse circulation drill hole CR-32, which intersected 300 meters averaging 0.70 grams gold per tonne, 11.18 grams silver per tonne, 0.19% lead, and 0.35% zinc. This hole extends the western margin of the known Represa Zone mineralization beneath and with much stronger gold values than previously announced drill hole CR-19 (see news release of March 3, 2008).
Detailed drill results are provided in the following tables:
Diamond Drill Holes - Repressa Zone:
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From To Interval(ii) Gold Silver Lead Zinc
Hole No. (meters) (meters) (meters) (g/tonne) (g/tonne) (%) (%)
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CRD-01 0.00 724.73 724.73 0.49 10.03 0.13 0.40
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0.00 230.00 230.00 0.78 15.77 0.25 0.45
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0.00 398.00 398.00 0.64 13.97 0.22 0.45
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650.00 724.73 74.73 0.81 12.82 0.04 0.51
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CRD-02(i) 0.00 54.56 54.56 0.97 11.73 0.27 0.26
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CRD-03 0.00 728.00 728.00 0.50 12.01 0.11 0.28
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0.00 214.00 214.00 0.95 24.83 0.24 0.33
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0.00 417.00 417.00 0.71 18.81 0.19 0.33
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CRD-04 326.00 552.00 226.00 0.61 5.62 0.04 0.24
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516.00 552.00 36.00 1.39 12.53 0.06 0.26
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(i) Hole ended in mineralization
(ii) True width to be determined
Reverse Circulation Drill Holes - Repressa Zone:
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From To Interval(ii) Gold Silver Lead Zinc
Hole No. (meters) (meters) (meters) (g/tonne) (g/tonne) (%) (%)
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CR-21(i) 50 250 200 0.25 6.56 0.12 0.22
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190 250 60 0.47 9.21 0.16 0.40
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CR-23 0 218 218 0.43 14.90 0.28 0.40
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CR-25(i) 0 120 120 0.78 18.46 0.40 0.39
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78 120 42 1.43 25.64 0.40 0.28
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CR-28 108 270 162 0.32 11.53 0.25 0.45
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CR-30(i) 92 300 208 0.29 11.87 0.13 0.36
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CR-31(i) 0 256 256 0.61 13.67 0.23 0.55
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162 256 94 1.13 18.41 0.26 0.93
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CR-32(i) 0 300 300 0.70 11.18 0.19 0.35
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140 300 160 0.82 11.66 0.18 0.41
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(i) Hole ended in mineralization
(ii) True width to be determined
Maps of the drill program will be available at the Canplats web site, www.canplats.com.
Diamond drill hole CRD-01 was inclined at -75 degrees to the north, CRD-02 at -75 degrees to the west, and CRD-03 at -75 degrees to the west. Mineralization in these drill holes was largely oxidized to a depth of 200 meters, with transitional oxide/sulphide mineralization extending to a depth of approximately 400 meters. Diamond drill hole CRD-04 was inclined at -60 degrees to the north, and encountered sulphide mineralization over the intervals reported above.
An additional four reverse circulation drill holes were completed in the Don Julio Zone (CR-24, CR-26, CR-27, and CR-29) and returned anomalous values up to 2.5 grams gold per tonne over 2 meters. Further drilling is planned to test below the favourable alteration and trace element geochemistry encountered in shallow reverse circulation drilling to date. The Don Julio Zone is situated within a strong IP chargeability anomaly 1,000 meters to the southwest of the Represa Zone. An additional wildcat reverse circulation drill hole (CR-22) tested a resistivity anomaly located 700 meters to the southeast of the Represa Zone and returned no significant values.
Four drill rigs are currently in operation at the Camino Rojo project; two reverse circulation drills are focused on extending and delineating the oxide mineralization, while two diamond drills are targeting mineralization at depth. 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 Chihuahua, 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 as amended.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:
Canplats Resources Corporation - Corporate Information
R.E. Gordon Davis
Chairman and C.E.O.
Direct: (604) 484-8220
Canplats Resources Corporation - Corporate Information
Bruce A. Youngman
President and C.O.O.
Direct: (604) 484-5960
Canplats Resources Corporation - Investor Inquiries
Blaine Monaghan
Director, Investor Relations
Direct: (604) 484-2194 or NA Toll Free: 1-866-338-0047
Email: info@canplats.com
Website: canplats.com
G2 Consultants Corporation
Investor Inquiries
NA Toll Free: 1-866-742-9990 or (604) 742-9990
(604) 742-9991 (FAX)
Email: canplats@g2consultants.com
Source: Canplats Resources Corporation |
