Arco Provides Summary of Taviche Drilling
October 19 2010 - 9:00AM
Marketwired
Arco Resources Corp. (TSX VENTURE: ARR)(FRANKFURT: MJ7) ("Arco" or
the "Company") is providing this summary of all diamond drill
results recently completed on its 100%-owned Taviche property
located in Oaxaca, Mexico. The 1700 metre HQ core drill program was
completed over a total of 15 holes. A systematic drill pattern at
50 metre centers was performed for a strike length test of 450
metres and to a depth of 140 metres on the sub-vertically dipping
silver-gold epithermal quartz vein. The results show a very high
percentage of successful hits.
A longitudinal section and plan map of the drilling are
available for viewing on the Company's website. The vein is open to
depth, and to the east and west from the drilling. The epithermal
vein is exposed for at least another 1.8 kilometres to the west on
the Taviche property and is currently being sampled with
close-spaced samples to guide future drill campaigns on the vein
which on surface reaches 5 metres wide. To the east, the vein dips
under cover with an additional potential strike extension of one
kilometre in this direction. The recently completed drill program
is the first surface drilling to have ever been conducted on this
vein. The table below provides all the significant intercepts which
have been previously reported in the last 3 press releases.
Drilling Highlights
FROM TO WIDTH Ag Au AgEq
HOLE NUMBER (m) (m) (m)(i) (g/t) (g/t) (ii)
BDT - 2 61.10 70.00 8.90 178 1.24 252
BDT - 3 56.70 60.00 3.30 73 0.44 99
BDT - 4 57.30 58.00 0.70 242 0.90 296
BDT - 4 80.70 82.40 1.70 124 0.41 149
BDT - 5 74.00 162.00 0.90 51 0.12 58
BDT - 6 50.20 51.10 0.90 113 0.75 158
BDT - 7 85.20 88.30 3.10 279 0.92 335
BDT - 8 89.20 93.00 3.70 306 1.02 368
BDT - 9 161.10 162.00 0.90 51 0.12 58
BDT - 10 110.80 111.60 0.80 497 1.03 560
BDT - 11 109.80 111.10 1.30 385 1.14 453
BDT - 12 112.90 115.60 2.70 220 0.85 271
BDT - 13 74.90 76.00 1.10 87 0.29 104
BDT - 14 72.00 75.00 3.00 88 0.21 100
BDT - 15 57.90 58.40 0.50 236 0.44 262
(i) True widths are estimated to be roughly 65% of drill intercept length.
(ii) Arco used the silver equivalent ratio of 1 gram of gold = 60 grams
silver assuming 100% recoveries.
Paul Cowley, P.Geo. and Arco's Chief Geologist, says, "A high
success ratio of drilling is a key signature of a worthwhile
deposit which Taviche is demonstrating right from the start from
our drilling. The long persistence of the vein gives us excellent
potential to put something together here."
Taviche Property
The Taviche property covers 421 hectares and is located
approximately 68 kilometres from Oaxaca City, Mexico. Access to the
property is excellent, less than one kilometre from paved road and
a 1.5 hour drive from the capital of Oaxaca. On Taviche, the
sub-vertical, laterally continuous silver-gold-bearing quartz vein
varies in thickness from 1 to 5 metres, averaging 2 metres.
Epithermal textures include open space fillings, bladed veining and
megacrystic carbonate replacement, all significant textures known
in gold-silver epithermal deposits. Underground channel sampling
defined a 230 metre long shoot of the vein with values averaging
173 g/t Ag and 1.5 g/t gold Au. Corresponding surface sampling
approximately 15 metres above the underground workings identified a
220 metre long shoot averaging 161 g/t Ag and 2.18 g/t Au. The 450
metre long strikelength test by the drilling was underneath this
sampling.
Paul Cowley, P.Geo. and Chief Geologist for Arco, is the
Qualified Person, as defined in National Instrument 43-101, for the
drilling campaign and 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.).
For further information on the Company please go to
www.arcoresources.com.
On behalf of the Board of Directors of Arco Resources Corp.
Warren McIntyre, President and Chief Executive Officer
Arco Resources Corp.
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.
Contacts: Arco Resources Corp. Ian Tootill Director of Investor
Relations 604-639-2866 ext. 110 604-909-1818 (FAX)
ian@arcoresources.com www.arcoresources.com