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Marifil, Castillian drill 10.25 m of 1.71% Pt Marifil Mines Ltd (C:MFM) Shares Issued 34,394,418 Last Close 2/21/2008 $0.46 Friday February 22 2008 - News Release Also Castillian Resources Corp (C:CT) News Release Mr. John Hite of Marifil Mines reports MARIFIL MINES LTD.: DRILL RESULTS SHOW IMPORTANT AMOUNTS OF PLATINUM AT MARIFIL'S LAS AGUILAS PROPERTY Marifil Mines Ltd. has results provided by its joint venture partner, Castillian Resources Corp., from 35 drill holes from the Las Aguilas West deposit, located 40 kilometres north of San Luis, Argentina. Marifil holds a 35-per-cent interest in the project and is carried through to production. Values of up to 5.66 grams per tonne platinum have been intersected, and values exceeding 0.5 g/t platinum and palladium were intersected over significant widths in almost every drill hole. Fifteen holes from the West deposit contain samples that exceed one g/t platinum. John Hite, president of Marifil, states: "We are very pleased with the way this project is rapidly growing. Drilling has defined the West deposit over a strike length of 375 metres and prospecting suggests this could be expanded to a total length of 825 m. Both the Las Aguilas West and East deposits remain open for further expansion." Selected highlights from the drill campaign are listed in the attached table, and a complete list of results and estimated true widths for intersections from the Las Aguilas West deposit will be shown on the company's website. SELECTED INTERSECTIONS FROM LAS AGUILAS DRILLING Hole No. From (m) Width (m) Ni (%) Cu (%) Co (%) Pt (g/t) Pd (g/t) LA07-025 70.63 10.25 0.42 0.54 0.03 1.71 0.39 includes 72.63 1.00 0.12 0.29 0.01 5.66 0.09 LA07-036 137.35 4.00 0.46 0.81 0.04 1.46 0.33 LA07-038 95.80 11.36 0.60 0.68 0.05 0.32 0.45 LA07-044 150.75 7.00 0.60 0.62 0.05 0.09 0.52 LA07-049 50.57 7.35 0.56 0.81 0.04 1.15 0.45 includes 52.70 1.00 0.61 1.41 0.05 4.64 0.52 LA07-051 44.20 14.68 0.59 0.63 0.05 0.20 0.44 The drill holes reported in this press release represent all of the drill holes completed prior to the year-end break on the Las Aguilas West deposit and will comprise the basis for completing an initial resource calculation. Drill hole intercepts are spaced approximately 25 metres apart, except at the southern end of the deposit where step-outs were extended to approximately 50 metres on the two southernmost sections. The mineralization in the Las Aguilas West deposit is hosted by a mafic to ultramafic dike, which strikes north-northeast. The mineralized zone is a tabular body hosted within the dike. The mineralization is not closed off to the north or the south and also remains open at depth in the northern half of the deposit. The nickel and copper mineralization is associated with magmatic sulphides, primarily pyrhotite, pentlandite and chalcopyrite. These sulphides contain significant amounts of cobalt, platinum, palladium and minor gold. Geophysical evidence suggests the mineralization associated with the Las Aguilas West deposit could extend a further 300 metres to the south and 150 metres to the north; further drilling will be required to verify this. The mineralized zone ranges from approximately two metres to 21.5 metres in true thickness and averages approximately 10 m to 12 m in true thickness. Drilling will resume testing the extensions of the West and East deposits, as well as a number of regional targets in early March, 2008. Previously released drill intercepts from the project were taken from the Las Aguilas East deposit, occurring 400 metres to the east. A total of 67 holes were completed on the two deposits in 2007, totalling 11,028 metres. Assays are pending for several remaining holes from the East deposit. Work to complete a preliminary resource estimate for the drilling to date has commenced, however, a complete resource estimate will not be done until after the resource delineation is completed and the limits of the deposits have been established. The quality control and all aspects of the exploration program are supervised by Castillian exploration manager, Danielle Giovenazzo, PhD, PGeo, who meets the criteria for a qualified person as defined under National Instrument 43-101. Mr. Hite, PGeol, president and chief executive officer of Marifil, and David Gower, PGeo, president and chief executive officer of Castillian, both of whom are qualified persons as defined by National Instrument 43-101, have reviewed this release. © 2008 Canjex Publishing Ltd. |
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| aus der Diskussion: | Marifil Mines startet durch |
| Autor (Datum des Eintrages): | sparplan_b (22.02.08 19:42:46) |
| Beitrag: | 24 von 33 (ID:33451740) |
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