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| | Thu Oct 16, 2008
Marifil Mines Announces New Gold Discoveries at San Roque
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| | Spokane, Washington -- October 16, 2008 -- Marifil Mines Ltd. (TSXV: MFM) ("Marifil" or "the Company") is pleased to announce that additional surface exploration reveals a number of new gold targets at San Roque, Rio Negro Province, Argentina.
The new gold targets include the Northeast Vein which averages two meters in width and is traceable for 300 meters along strike before disappearing under younger volcanics. This vein contains values that include 0.8 m grading 35.7 g/t gold and >200 g/t silver; 0.5 m grading 11.2 g/t gold and 148 g/t silver; 0.5 m grading 8.53 g/t gold and 0.8 g/t silver; and 0.5m grading 4.49 g/t gold and >200 g/t silver.
A nearby exposed siliceous stockwork system in a small outcrop contains values of 3.5 g/t gold and >200 g/t silver and 12.42 g/t gold and 154.6 g/t silver, respectively.
Nearly all of these samples contain highly anomalous amounts of base metals.
The significance of these gold-base metal samples is that it greatly increases the size of the underlying gold-silver-base metal bulk tonnage deposit. The ore target, which has been tested by more than 60 drill holes, now measures 4,500 m in a north-south direction and 4,000 m in an east-west direction. An induced polarization (IP) anomaly covers nearly all of this area.
Richard Walters, V.P. Marifil, offered some perspective on the magnitude of the sulphide system at San Roque, saying: "The distinctive I.P. anomaly mirrors a suspected volcanic caldera about three and a half kilometres in diameter and, when calculated to a depth of 100 meters, would represent about two and a half billion tonnes of mineralized material, putting it on a scale of Gold Corp's Penasquito deposit in Mexico. The relatively few holes we have in this vast area have not defined the lower limits of mineralization."
For further information on the Company and its projects, please refer to Marifil's website: www.marifilmines.com.
For Further Information Contact:
Head Office:
John Hite, President
Phone: 509.466.1505
Email: info@marifilmines.com
Website: www.marifilmines.com
Investor Relations:
Jim Glass, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 225
Toll Free: 1.866.684.4743 ext. 225
Email: jim@ascentacapital.com
General Disclaimer
Marifil Mines Ltd. "Marifil" has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.
Forward-Looking Statements
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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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