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Cours Or & Argent
Marifil Identifies Oxide Gold at San Roque; Potential Heap Leach Gold Deposit
Published : December 10, 2012
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Mots clés associés :   Copper | Indium | Precious Metals |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2012) - MARIFIL MINES LTD. (News - Market indicators) ("Marifil" or "the Company") announces it has identified a potential heap leachable gold deposit at the Zone 34 area on its San Roque Property, Rio Negro Province, Argentina.

Zone 34 includes two sub-parallel linear gold bearing structures about 125 meters apart, each exceeding 200 meters in length, named the west system and the east system. Both systems are hosted by a rhyolite crystal lithic tuff which has been shattered, silicified, and cut by stockwork quartz-pyrite-gold-silver veinlets. Mineralization is thoroughly oxidized to a depth of 30 to 35 meters.

Zone 34 represents a sparsely explored sector of the property which differs markedly from the focus area of past drilling as it lacks significant base metal and indium mineralization. This absence of base metals, especially copper, enhances the leachability of precious metals mineralization.

The last episode of drilling on the property ended with diamond drill core hole DDHMSR-0034 returning 35 m (oxidized) of 2.27 g/t Au and 42.6 g/t Ag from surface down followed by 37.5 m (unoxidized) of 1.12 g/t Au and 15.3 g/t Ag from 155.5 m to 193.0 m. These intercepts average less than 0.01% Cu, 0.10% Pb and 0.15% Zn.

The east system is defined by nine drill holes, including DDHMSR-0034, with an average thickness of 16.8 meters and a weighted average grade of 3.18 grams per ton gold. The west system is defined by six holes with an average thickness of 14 meters and a weighted average grade of 1.50 grams per ton gold.

Company geologists are preparing composite samples from drill core coarse rejects for metallurgical testing to determine whether this deposit can be exploited by low cost heap leach extraction. The Company is preparing for laboratory bottle roll cyanide leach tests to be quickly completed. If these results are positive then column leach tests will follow to further determine gold leachability characteristics.

On Behalf of the Board of Directors,

John Hite, President

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).

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.

Marifil Mines Ltd.
John Hite
President
702.562.4880
info@marifilmines.com
www.marifilmines.com
or
Ascenta Capital Partners Inc.
Hugh Oswald
Investor Relations
604.684.4743 ext. 243 or Toll Free: 1.866.684.4743 ext. 243
hugh@ascentacapital.com

Marifil Mines Ltd

EXPLORATEUR
CODE : MFM.V
ISIN : CA56781Y1025
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Marifil Mines est une société d’exploration minière d'argent basée au Canada.

Marifil Mines détient divers projets d'exploration en Argentine.

Ses principaux projets en exploration sont LOS MENUCOS, AMARILLO, PAILEMAN, ALTO CHUBUT et EL PENON (ARGENTINA) en Argentine.

Marifil Mines est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 6,1 millions CA$ (4,8 millions US$, 4,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,03 CA$, et son plus bas niveau récent le 12 mai 2017 à 0,01 CA$.

Marifil Mines possède 121 910 000 actions en circulation.

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Rapports annuels de Marifil Mines Ltd
2007 Annual report
Financements de Marifil Mines Ltd
15/03/2013Marifil Mines Limited Announces Closing of Private Placement
11/02/2013MARIFIL MINES LTD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
11/02/2013. Announces Non-Brokered Private Placement
22/02/2011Exercise of Warrants and Options Brings $633,704
22/02/2011.: Exercise of Warrants and Options Brings $633,704
05/06/2008Completes Private Placement
15/12/2007Re-Prices Private Placement
Nominations de Marifil Mines Ltd
02/05/2012Appoints New Interim Chief Financial Officer
Rapports Financiers de Marifil Mines Ltd
26/07/2011MARIFIL FILES AMENDED FIRST QUARTER 2011 FINANCIAL STATEMENT...
Projets de Marifil Mines Ltd
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21/01/2008Encouraging Drill Results From San Roque
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