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Re: News Release - Thursday, May 28, 2009
New Target Areas Identified and Ground Acquired At Camino Rojo
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Vancouver, B.C. - Canplats Resources Corporation (TSX Venture: CPQ) is
pleased to provide an update on recent activities at its 100% owned
Camino Rojo project located in the State of Zacatecas, Mexico.
Reconnaissance Exploration Program
On-going reconnaissance geological and geochemical exploration at the
Camino Rojo project has successfully identified several new prospective
areas (please see the location map at www.canplats.com). At the "Cerro
Verde" target area, extensive replacement and structurally controlled
jasperoid zones have been identified in an area measuring 7 kilometers
by 13 kilometers. Initial rock and stream sediment sampling has
returned highly-elevated values of antimony, molybdenum, silver, lead
and zinc that are associated with anomalous gold values. Numerous old
antimony prospects and workings are present in the central Cerro Verde
area, which are flanked by base-metal showings in peripheral regions.
Initial mapping has indicated that rocks of the Caracol Formation, the
host rocks to mineralization at the Represa Zone, are present in the
Cerro Verde area.
At the "Calabazal" target area, large exposures of hematitic and
limonitic silty limestone have been identified adjacent to an extensive
area of pediment cover. Initial stream sediment and rock sampling has
generated anomalous gold, lead, antimony and zinc values. Other
newly-located prospective areas include "Jandel's Quarry," where
highly-altered Caracol Formation rocks have returned anomalous zinc and
lead levels and "Gomez Ranch" where old workings are associated with
elevated antimony and molybdenum values in limestone adjacent to
Caracol Formation rocks. Further work at the "Camino Rojo Dos" target
area has returned anomalous to highly elevated barium, molybdenum and
antimony values that are associated with structural and bedding
replacement zones in silty limestone over a 150 meter by 50 meter area.
Initial soil sampling at Camino Rojo Dos has returned elevated zinc
values associated with anomalous chargeability values on the margins of
a previous Tensor IP geophysical grid.
The 19,000 hectare "Cardito" target area has been recently acquired by
staking to cover the margins of a prominent magnetic feature that is
likely associated with buried intrusive rocks. With this staking, the
Camino Rojo property has been expanded to 359,000 hectares (1,390
square miles), much of which is overburden covered and only a portion
of which has been investigated through systematic reconnaissance
exploration activities. The Camino Rojo project area is considered to
be highly-prospective for new discoveries, similar to the Canplats'
Represa Zone or Goldcorp's Penasquito deposit, which is situated 50 km
to the northwest and occurs in a similar geological setting.
Additional reconnaissance work will include further geological mapping,
stream sediment sampling, prospecting, and geophysical surveys.
Engineering Studies
In March, 2009, Canplats engaged Mine and Quarry Engineering Services
Inc ("MQes") of San Mateo, California to conduct an in-house technical
assessment of the Represa Zone. This scoping level study is examining
basic issues such as metallurgy, mining, project design, as well as
construction and operating cost estimates for large-scale heap-leach
treatment of oxide and transitional mineralization. This study will
provide the groundwork and specific recommendations for subsequent
prefeasibility and feasibility studies.
The Camino Rojo project hosts measured and indicated resources
estimated at 3.44 million ounces of gold and 60.7 million ounces of
silver at the Represa Zone, with additional inferred resources of 0.56
million ounces of gold and 7.6 million ounces of silver (see news
release dated November 24, 2008). Mineralization remains open for
further expansion in both strike directions and to depth.
The Represa Zone is situated in flat terrain within an area of
excellent infrastructure, less than 5 kilometers from a paved highway
and high voltage power lines. Canplats is actively pursuing the
acquisition of surface rights in the Represa area.
Dr. Peter A. Christopher, P. Eng., is the qualified person responsible
for the reviewing the contents of this news release. For further
information, please contact:
Corporate Information:
Canplats Resources Corporation
R.E. Gordon Davis
Chairman and C.E.O.
Direct: (604) 629-8292
Canplats Resources Corporation
Bruce A. Youngman
President and C.O.O.
Direct: (604)-629-8293
Investor Inquiries:
Blaine Monaghan
Director, Investor Relations
Direct: (604) 629-8294
Toll-Free: (866) 338-0047
info@canplats.com
http://www.canplats.com
G2 Consultants Corporation
NA Toll-Free: (866) 742-9990
Tel: (604) 742-9990
Fax: (604) 742-9991
canplats@g2consultants.com
To receive Canplats' news releases by e-mail, contact Blaine Monaghan,
Director, Investor Relations, at info@canplats.com or (866) 338-0047.
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein. Some of the statements contained in the
company's news releases may be forward-looking statements such as the
company's future plans, objectives and goals. The statements that are
not historical facts are forward-looking statements involving known and
unknown risks and uncertainties which could cause actual results to
vary considerably from these statements. The risks and uncertainties
include general and economic conditions as well as those described in
Canplats' SEC Form 20F. Cautionary note to U.S. investors concerning
disclosure of estimates of mineral resources and contained ounces of
gold and silver: The terms "measured resource", "indicated resource"
and "inferred resource" used in this news release are Canadian
geological and mining terms as defined in accordance with National
Instrument 43-101, Standards of Disclosure for Mineral Projects under
the guidelines set out in the Canadian Institute of Mining, Metallurgy
and Petroleum (the "CIM") Standards on Mineral Resources and Mineral
Reserves, adopted by the CIM Council as may be amended from time to
time by the CIM. We advise U.S. investors that while such terms are
recognized and permitted under Canadian regulations, the SEC does not
recognize them. U.S. investors are cautioned not to assume that any
part or all of the mineral deposits in the measured and indicated
categories will ever be converted into reserves. "Inferred resources"
have a great amount of uncertainty as to their existence, and great
uncertainty as to their economic and legal feasibility. It cannot be
assumed that all or any part of an inferred mineral resource will ever
be upgraded to a higher category. Under Canadian rules estimates of
inferred mineral resources may not form the basis of feasibility or
other economic studies. U.S. investors are cautioned not to assume that
any part or all of an inferred resource exists, or is economically or
legally mineable. Disclosure of gold and silver resources expressed in
ounces in the mineral resource categories in this news release are in
compliance with National Instrument 43-101, but does not meet the
requirements of Industry Guide 7, Description of Property by Issuers
Engaged or to be Engaged in Significant Mining Operations, of the SEC,
which will accept only the disclosure of tonnage and grade estimates
for non-reserve mineralization.
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Copyright (c) 2009 CANPLATS RESOURCES CORPORATION. (CPQ) All rights
reserved. For more information visit our website at
http://www.canplats.com/ or send mailto:info@canplats.com
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VanEck Vectors Global Alternative Energy ETF
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EN DÉVELOPPEMENT |
CODE : CPQ.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Canplats Res. est une société développant des projet miniers de zinc et de plomb basée au Canada. Canplats Res. est en développement de projets de zinc, de plomb, d'argent et d'or au Mexique, et détient divers projets d'exploration au Mexique. Son principal projet en développement est CAMINO ROJO au Mexique et ses principaux projets en exploration sont MECATONA, EL RINCON MEXICO, MAIJOMA EL ALAMO, YERBABUENA et RODEO au Mexique. Canplats Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 225,8 millions (226,2 millions US$, 164,9 millions €). La valeur de son action a atteint son plus bas niveau récent le 30 décembre 2002 à 0,04 , et son plus haut niveau récent le 30 mai 2008 à 5,43 . Canplats Res. possède 47 442 200 actions en circulation. |