Esperanza Reports Cerro Jumil Drill Results
2012年7月11日 - 2:06AM
Marketwired Canada
Esperanza Resources Corp. (TSX VENTURE:EPZ)(PINKSHEETS:ESPZF) is pleased to
report recent drill results from its Cerro Jumil gold project in Morelos,
Mexico. The reported results are primarily from in-fill drill holes designed to
upgrade previously reported inferred and indicated resources. Highlights of the
drill results are as follows:
-- Drill Hole DHE-12-96 intersected two separate intervals, one with 67.5
meters containing 1.0 grams of gold per tonne and another interval
containing 12 meters of 1.6 grams of gold per tonne.
-- Drill Hole DHE-12-105 intersected an interval of 105.5 meters containing
1.1 grams of gold per tonne.
-- Drill Hole DHE-12-107 intersected an interval of 148.5 meters containing
0.72 grams of gold per tonne, including 18.0 meters containing 1.91
grams of gold per tonne.
-- Drill Hole DHE-12-109 intersected an interval of 39.0 meters containing
1.4 grams of gold per tonne, including 12.0 meters containing 2.98 grams
of gold per tonne.
-- Drill Hole DHE-12-116 intersected an interval of 60.0 meters containing
1.1 grams of gold per tonne.
-- Drill Hole DHE-12-121 intersected two separate intervals, one with 33.0
meters containing 1.1 grams of gold per tonne and another interval with
124.5 meters containing 1.5 grams gold per tonne.
All intervals are reported as down-hole lengths and are not corrected to true
widths for mineralized intervals. Complete results are in the accompanying table
and drill hole locations are shown on the accompanying map. A detailed drill
hole plan map can be found on the Company's website:
http://www.epzresources.com/cerrojumil_drillholelocationsdetail.php.
There are two drill rigs operating at the Cerro Jumil project. Current drilling
is focused on in-fill drilling, extension of the resource to the south west and
geotechnical sampling to support the feasibility study currently in process.
The Company has engaged Riaan Herman Consulting of Pretoria, South Africa to
update the September 30, 2010 resource estimate for the Cerro Jumil project.
Results up to June 30, 2012 from over 22,000 meters of exploration drilling
occurring subsequent to the current resource will be included in the updated
resource. The new resource is expected to be completed during the third quarter.
About Esperanza
Esperanza is focused on advancing the development of its principal property, the
wholly-owned Cerro Jumil gold project in Morelos State, Mexico.
QUALIFIED PERSON: William Bond, CPG is the Qualified Person (QP) under NI 43-101
responsible for the Cerro Jumil exploration program. He has verified the drill
results and other data disclosed in this news release, including sampling,
analytical and test data. Field work has been conducted under his supervision.
All samples were submitted to ALS Chemex laboratories for analysis in Vancouver,
Canada. Gold samples were analyzed by fire assay and atomic absorption
spectroscopy with a 30 g nominal sample weight. Silver is analyzed by induction
coupled plasma - atomic emission spectroscopy (ICP-AES). A description of
quality control and quality assurance protocols can be found at:
http://www.epzresources.com/protocols.php
SAFE HARBOUR: Some statements in this release are forward-looking in nature. The
United States Private Securities Litigation Reform Act of 1995 provides a "safe
harbour" for certain forward-looking statements. Such statements include
statements as to the potential of the Cerro Jumil property, the completion of an
updated resource, the ability to finance further exploration, permit drilling
and other exploration work, and the availability of drill rigs.
The forward-looking statements involve risks and uncertainties and other factors
that could cause actual results to differ materially, including those relating
to exploration and bringing properties into production. Please refer to a
discussion of some of these and other risk factors in Esperanza's Form 20-F
filed with the U.S. Securities and Exchange Commission. The forward-looking
statements contained in this document constitute managements' current estimates
as of the date of this release with respect to the matters covered herein.
Esperanza expects that these forward-looking statements will change as new
information is received and that actual results will vary, possibly in material
ways. Forward-looking statements are based on the beliefs, expectations and
opinions of management on the date the statements are made, and the company does
not assume any obligation to update forward-looking statements if circumstances
or management's beliefs, expectations or opinions should change. For these
reasons, investors should not place undue reliance on forward-looking
statements.
We advise U.S. investors that while such terms are recognized and permitted
under Canadian regulations, the SEC does not recognize them. U.S. investors are
cautioned not to assume that any part or all of the mineral deposits in the
measured and indicated categories will be converted into reserves
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Recent Cerro Jumil Core Hole Results
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Grade
From To Interval (grams
Hole (meters) (meters) Length Au/tonne)
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DHE-12-96 37.5 105.0 67.5 1.01
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DHE-12-96 135.0 147.0 12.0 1.56
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DHE-12-97 79.5 91.5 12.0 1.26
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DHE-12-97 159.0 195.0 36.0 0.43
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DHE-12-98PQ Metallurgical Test Hole
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DHE-12-99PQ Metallurgical Test Hole
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DHE-12-100 189.0 222.0 33.0 1.07
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DHE-12-101PQ Metallurgical Test Hole
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DHE-12-102PQ Metallurgical Test Hole
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DHE-12-103 108.0 135.0 27.0 0.67
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DHE-12-103 166.5 180.0 13.5 0.87
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DHE-12-103 210.0 219.0 9.0 1.14
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DHE-12-103 250.5 262.5 12.0 1.66
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DHE-12-104PQ Metallurgical Test Hole
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DHE-12-105 40.5 145.5 105.0 1.13
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DHE-12-106 139.5 153.0 13.5 1.27
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DHE-12-106 282.0 298.1 16.1 1.12
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DHE-12-107 33.0 181.5 148.5 0.72
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includes 118.5 136.5 18.0 1.91
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DHE-12-107 220.5 237.0 16.5 1.59
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DHE-12-108 No significant intervals
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DHE-12-109 58.5 97.5 39.0 1.35
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includes 58.5 70.5 12.0 2.98
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DHE-12-110 228.0 240.0 12.0 2.32
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DHE-12-111 18.0 25.5 7.5 1.11
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DHE-12-111 37.5 52.5 15.0 0.82
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DHE-12-111 69.0 76.5 7.5 0.93
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DHE-12-112 109.5 124.5 15.0 0.79
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DHE-12-113 139.5 165.0 25.5 1.14
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DHE-12-114 30.0 36.0 6.0 1.03
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DHE-12-114 63.0 70.5 7.5 1.18
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DHE-12-114 85.5 114.0 28.5 1.39
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DHE-12-115 No significant intervals
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DHE-12-116 4.5 64.5 60.0 1.10
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DHE-12-119 151.5 177.0 25.5 0.58
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DHE-12-121 55.5 88.5 33.0 1.14
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DHE-12-121 174.0 298.7 124.7 1.54
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DHE-12-123 90.0 109.5 19.5 0.81
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DHE-12-123 216.0 225.0 9.0 2.46
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To view the map accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/ESPMap710.pdf
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