Friday, January 18, 2008
Encouraging Drill Results From San Roque
PORPHYRY-STYLE INDIUM, PRECIOUS AND BASE METALS SYSTEM IDENTIFIED
SPOKANE, WASHINGTON -- JANUARY 18, 2008: MARIFIL MINES LTD. (MFM: TSX-V) ("Marifil" or "the Company") announces that drill holes 50 and 51 both cut long intercepts of base metals along with gold (see MARIFIL NEWS RELEASE dated January 8, 2008) in the Company's wholly owned San Roque base metal project, located in Rio Negro Province, Argentina. The mineralization is indicative of a porphyry type disseminated sulphide system thought to be over four kilometres in diameter.
Hole 50 cut 122.6 metres (m) at 0.34 grams per ton (g/t) gold including 93 meters at 0.30% lead and 0.50% zinc. Hole 51 cut 126 m of 0.74 g/t gold within a section of 143 meters grading 0.37% lead and 0.55% zinc. All sixteen holes from this second round of drilling produced significant intercepts of variously combined gold, silver, indium, lead and zinc values, as illustrated in Table 1.
Mr. John Hite, President of Marifil says, "San Roque continues to look like a huge discovery. As we step-out away from the discrete linear structures tested by our previous drilling, we are encountering broad zones of gold and base metal mineralization, typified by holes 50 and 51."
The Company is analysing the new drilling information in conjunction with new geophysical survey results, and is already planning a third round of drilling of at least 10,000 meters to further probe the vast sulphide system. All 51 holes drilled so far contain significant amounts of gold, silver, indium, lead, and zinc. Marifil's exploration model is similar to GOLDCORP INC.'s world-class Penasquito deposit in Zacatecas State, Mexico.
TABLE 1
HOLE NO. |
FROM |
TO |
WIDTH (M) |
Au (ppm) |
In (ppm) |
Ag (ppm) |
Pb (%) |
Zn (%) |
30 |
7.5 |
29.4 |
21.9 |
|
38 |
|
|
|
|
16.3 |
27.8 |
11.5 |
0.32 |
|
|
|
|
|
32.3 |
51.7 |
19.4 |
0.27 |
47 |
|
|
|
|
34.1 |
90.2 |
56.1 |
|
|
|
|
0.27 |
31 |
6.0 |
50.0 |
44.0 |
|
|
|
|
0.30 |
|
104.0 |
107.0 |
3.0 |
|
208 |
|
|
0.93 |
|
117.0 |
120.0 |
3.0 |
|
141 |
|
|
1.24 |
|
238.0 |
252.5 |
14.5 |
|
146 |
|
|
2.55 |
|
185.8 |
209.0 |
23.2 |
|
|
|
0.21 |
0.53 |
|
234.5 |
269.0 |
34.5 |
|
|
|
0.28 |
1.28 |
33 |
3.0 |
75.0 |
72.0 |
|
|
|
0.29 |
0.47 |
|
15.3 |
24.0 |
8.7 |
0.68 |
61 |
|
|
|
|
39.6 |
69.4 |
29.8 |
1.72 |
|
|
|
|
35 |
3.6 |
20.2 |
16.6 |
|
|
|
0.80 |
0.37 |
|
15.3 |
20.2 |
4.9 |
1.53 |
|
|
|
|
37 |
14.0 |
22.7 |
8.7 |
2.67 |
|
|
|
|
|
17.0 |
22.7 |
5.7 |
|
35 |
|
|
|
38 |
14.0 |
23.5 |
9.5 |
0.73 |
|
|
|
|
16.0 |
21.0 |
5.0 |
0.56 |
91 |
|
|
|
39 |
73.0 |
91.9 |
18.9 |
|
|
|
0.73 |
1.24 |
|
99.6 |
120.5 |
20.9 |
|
|
|
0.59 |
1.03 |
|
157.1 |
160.0 |
2.9 |
|
|
|
0.34 |
0.63 |
|
167.5 |
170.5 |
3.0 |
|
|
|
0.98 |
1.62 |
|
200.0 |
210.0 |
10.0 |
|
|
|
0.50 |
0.98 |
|
217.0 |
229.0 |
12.0 |
|
|
|
0.40 |
1.13 |
|
247.5 |
270.0 |
22.5 |
|
|
|
0.48 |
1.25 |
40 |
23.2 |
34.7 |
11.5 |
|
107 |
|
|
|
|
27.9 |
68.6 |
40.7 |
|
|
|
0.57 |
|
|
34.7 |
81.0 |
46.3 |
|
|
|
|
0.65 |
41 |
120.8 |
151.0 |
30.2 |
|
|
|
0.28 |
0.70 |
42 |
36.0 |
78.6 |
42.6 |
|
|
|
|
0.48 |
|
149.0 |
158.0 |
9.0 |
|
|
|
0.47 |
0.89 |
43 |
11.5 |
28.0 |
16.5 |
|
|
|
|
|
|
11.0 |
46.0 |
35.0 |
0.32 |
|
|
|
|
|
11.0 |
22.4 |
11.4 |
|
|
|
|
0.70 |
45 |
41.0 |
56.3 |
15.3 |
1.40 |
|
52 |
|
|
|
53.5 |
76.4 |
22.9 |
|
|
|
|
0.47 |
|
83.9 |
87.0 |
3.1 |
|
|
|
0.59 |
1.64 |
46 |
20.0 |
29.0 |
9.0 |
|
|
|
|
1.07 |
47 |
14.0 |
23.0 |
9.0 |
1.14 |
|
85 |
|
|
|
57.0 |
64.0 |
7.0 |
|
|
|
0.34 |
1.10 |
50 |
47.8 |
59.0 |
11.2 |
|
|
|
0.27 |
0.53 |
|
71.8 |
87.7 |
15.9 |
0.34 |
|
21 |
|
0.80 |
|
101.0 |
114.0 |
13.0 |
0.22 |
|
15 |
|
|
|
101.0 |
108.0 |
7.0 |
|
|
|
0.29 |
0.63 |
|
121.0 |
128.0 |
7.0 |
0.33 |
|
27 |
0.33 |
0.68 |
|
130.0 |
141.0 |
11.0 |
0.68 |
|
12 |
0.35 |
0.78 |
|
101.0 |
141.0 |
40.0 |
0.33 |
|
14 |
0.25 |
0.55 |
|
47.8 |
141 |
93.2 |
|
|
|
0.30 |
0.50 |
|
24.4 |
142 |
122.6 |
0.34 |
|
|
|
|
51 |
7.0 |
10.3 |
3.3 |
|
35 |
|
0.62 |
|
16.1 |
19.0 |
2.9 |
|
|
|
1.15 |
|
24.0 |
58.0 |
34.0 |
|
|
|
|
|
29.0 |
150.0 |
121.0 |
|
|
32 |
|
|
47.2 |
52.0 |
4.8 |
2.92 |
94 |
126 |
1.62 |
2.98 |
69.0 |
81.0 |
12.0 |
|
|
|
1.62 |
3.01 |
94.0 |
96.0 |
2.0 |
0.98 |
27 |
34 |
1.37 |
1.59 |
97.0 |
150.0 |
53.0 |
|
|
|
0.36 |
0.50 |
7.0 |
150.0 |
143.0 |
|
|
|
0.37 |
0.55 |
7.0 |
133.0 |
126.0 |
0.74 |
|
|
|
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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.
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
This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (www.sedar.com) or at Marifil's website (www.marifilmines.com.)
Contacts: John Hite, President Telephone (509) 467-5200 Email info@marifilmines.com
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