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Marifil Announces Start Of Drilling
At San Roque
Vancouver, BC -- March 22,
2011 -- Marifil Mines Ltd. (TSXV: MFM) ("Marifil"
or "the Company")
announces that drilling has commenced at its San Roque project in Rio Negro Province, Argentina.
Company President John Hite and Daniel Buffone, President of Marifil
SA, made a brief stop at San Roque following an
extensive tour of Company properties in the Mendoza, Neuquen,
and Rio Negro Provinces.
"We are very pleased to announce that NovaGold has started drilling at the San Roque project," said John Hite. "The
initial drill program will proceed for approximately two months, at which
time we look forward to reporting on the results of the program."
For Further Information
Contact:
This press release has been reviewed and
approved by John Hite, President of Marifil
Mines Ltd., and by Richard Walters, Vice President, under whose
directions the exploration program is being carried out. Mr. Hite
and Mr. Walters are Qualified Persons as defined by National Instrument
43-101.
Disclaimer
for Forward-Looking Information
Certain
statements in this release are forward-looking statements, which reflect
the expectations of management regarding the Company's proposed agreement
with NEI. Forward-looking statements consist of statements that are
not purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future, and include discussion of
what NEI must do to exercise the option. Such statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in
the statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if they do
occur, what benefits the Company will obtain from them. These
forward-looking statements reflect management's current views and are
based on certain expectations, estimates and assumptions which may prove
to be incorrect. A number of risks and uncertainties could cause
the Company's actual results to differ materially from those expressed or
implied by the forward-looking statements, including: (1) the occurrence
of any events that prevent NEI to performing the acts necessary to
exercise the option, and (2) other factors beyond the Company's
control. These forward-looking statements are made as of the date
of this news release and the Company assumes no obligation to update these
forward-looking statements, or to update the reasons why actual results
differed from those projected in the forward-looking statements, except
in accordance with applicable securities laws. Additional
information about the Company and these and other assumptions, risks and
uncertainties is available in the Company's public filings with Canadian
securities regulators, available on SEDAR at www.sedar.com.
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
For
further information regarding Marifil Mines
Ltd., please refer to the Company's filings available on SEDAR
(http://www.sedar.com) or at Marifil's website
(http://www.marifilmines.com.)
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