August 5, 2010 --
Vancouver, B.C. -- Arco Resources Corp. (TSX-V:
ARR) ("Arco" or the "Company") reports that it has
now completed 760 meters of drilling at its Predilecta Property located
in the State of Oaxaca, Mexico. Arco had contracted Alta Drilling
International S. de R.L. de C.V. ("Alta") to commence an initial
program of 625 meters over ten holes ranging in depth from 40 - 80 meters
using diamond core drills (HQ3). Upon reviewing the drill core and
continuity of the drilling, Arco decided to have Alta drill an additional
hole to a depth of 150 meters to investigate the idea of a parallel
structure at further depth. All drill core has been split, boxed and
shipped to Acme Labs in Vancouver, B.C. for assaying. Results will be
released once received and reviewed by Arco's geological team.
The Company also reports that
it has now commenced drilling at its 100% owned Taviche Property, also
located in the State of Oaxaca. Arco is planning a 1,200 meter diamond
drill program with ten holes ranging from 100 metres to 150 metres in
depth. Currently, Alta Drilling has completed the first hole to a depth
of 150m.
During the last week of July,
Warren McIntyre, President and CEO of Arco, hosted a site visit in Oaxaca
for a contingent that included mining analysts, investment bankers, a
hedge fund manager, mining industry writers and financiers. The group
toured both the Predilecta and Taviche properties, and viewed underground
past workings at Predilecta. Mr. McIntyre commented, "We were
excited to have this group join us in Oaxaca. It allowed us to showcase
what has been accomplished in preparation for a busy drilling and
exploration season. Arco's Oaxaca team, led by geologist Juan Luque
Lopez, were fantastic hosts and were able to get the entire group
underground at Predilecta where they saw why and how we are planning
future drilling and exploration. Additionally, they were able to watch
drilling in progress and view core and samples. The excitement was high
and we are looking forward to the assay results."
Predilecta
Property
The Predilecta property
contains a number of high grade gold bearing mesothermal quartz veins,
hosted in shears within a Precambrian gneiss complex. The Predilecta Vein
has been traced continuously for 95 meters underground and has been
sampled by a prior owner every 3 metres. The vein width varies between
0.20m and 1.55m and averaged 0.56m. Grades vary between 0.4g/t Au and
180.9 g/t Au, and averaged 19.67g/t Au. The Predilecta Vein has been the
focus of the first phase of drilling that was just completed on the
property. At the La Crus claim, old workings occur along a strikelength
of over a kilometre and roughly divided into the Pochotle, Hormiguero and
Infernillo sectors. The vein or veins appear to pinch and swell
considerably and be offset by faults. The Federal department Consejo de
Recursos Minerales also examined this area, and on the basis of limited
sampling found an average grade of 19.59 g/t Au and 63 g/t Ag in a vein
averaging 0.82 m width from the Infernillo sector.
Paul Cowley, P.Geo. and Chief
Geologist for Arco Resources Corp., is the Qualified Person, as defined
in National Instrument 43-101, who has reviewed and approved the
technical content of this news release.
About
Arco Resources
Arco holds a 100% interest in
seven mineral claim blocks, all located in the State of Oaxaca, Mexico. The
Company has begun to focus its efforts on its Taviche and Predilecta
claim blocks, each of which has had historical production of gold and
silver. The Company currently has agreements in principle to option 100%
interests in its Lachiguiri, Silacayoapan and Nino Perdido Property (to
Silex Ventures Ltd.) and in its Tres Hermanas Property (to Zodiac Capital
Ltd.).
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCO RESOURCES
"Warren
McIntyre"
Warren
McIntyre
President
and Chief Executive Officer
Arco
Resources Corp.
For
further information:
Ian
Tootill, Director of Investor Relations
Phone:
604.639.2866 ext. 110
Email: ian@arcoresources.com
www.arcoresources.com
Neither
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 release.