Galore Trenching Expands Gold Mineralization at El Alamo
September 08 2011 - 9:00AM
Marketwired
Galore Resources Inc. (TSX VENTURE: GRI) announces additional gold
results from a systematic trenching program at its El Alamo project
in Zacatecas State, Mexico. Six of the previously announced
trenches, which ended in gold-bearing mineralization, were extended
by a total of 212 metres. The best results included 12 meters of
0.96 g/t gold, adding to more significant intervals in the main
trenches. All material results to-date are detailed in the table
and extension of trenches map below. The El Alamo claim was
acquired by Galore through a Mexico government lottery and is 100%
owned by Galore and is part of the Company's 15,960 hectares in the
Mazapil - Camino Rojo trend of the Concepcion del Oro mining
district.
The new results determined that the area of potentially economic
gold values has been expanded. Additional geologic mapping supports
this expansion and has delineated part of the gold mineralization's
surface outline. It is now interpreted that the main area of gold
mineralization at El Alamo measures over 500 metres long and up to
110 metres wide. The mineralization remains open at depth and in at
least two directions.
Galore has received fire assays from 15 trench samples that have
resulted in 10% to 30% higher gold values than those previously
reported, which were analyzed with a multi-element analyses. For
gold, fire assays are considered to be the industry standard and
provide more accurate results that are above trace anomaly levels.
Galore is currently resampling the most promising trenches with
fire assays to determine if these higher gold values are consistent
throughout the main trenches. Results will be announced when
received.
Mapping of jasper outcrops and iron oxides along with structural
geology indicates that mineralization coincides with a belt of
folded limestone host rocks that seem to be influenced by a
northeasterly fault inferred on the map below. Previously this was
recognized to most likely be the western extension of the San Jose
zone 850 metres to the east. Both areas are anomalous in pathfinder
elements, common to the upper vertical levels of hydrothermal gold
systems.
The gold-bearing envelope in the illustration below is projected
from trench assays and alteration mapping. The dip and shape of the
deposit beneath the surface cannot be determined at this time. The
surface sampling does not represent true widths and it is noted
that the previous GPS location of trench two has been
corrected.
Significant interval summaries from all trench assays:
----------------------------------------------------------------------------
Grams of gold
Trench Length per tonne Comments
----------------------------------------------------------------------------
1 4 metres ave. 2.6
----------------------------------------------------------------------------
----------------------------------------------------------------------------
new trench
1A 12 metres ave. 0.96 results
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and 28 metres ave. 1.9
-------------------------------------------------------------
----------------------------------------------------------------------------
including 10 metres ave. 1.6
-------------------------------------------------------------
----------------------------------------------------------------------------
and 12 metres ave. 2.6
----------------------------------------------------------------------------
----------------------------------------------------------------------------
2 54 metres ave. 0.97
-------------------------------------------------------------
including 4 metres ave. 8.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
new trench
2A 8 metres ave. 1.0 results
-------------------------------------------------------------
and 10 metres ave. 4.2
-------------------------------------------------------------
including 2 metres 14.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
3 4 metres ave. 10.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
new trench
5A 4 metres ave. 2.9 results
-------------------------------------------------------------
and 2 metres 1.2
-------------------------------------------------------------
and 2 metres 10.4
----------------------------------------------------------------------------
-- High-grade values included without cutting.
-- Averages may differ slightly from prior reports due to interval
selection criteria.
Galore is finalizing the current exploration phase with more
fire assays on trench samples as well as pit samples on bedrock in
selected locations. Drilling and exploration plans are being
finalized and will be announced as soon as a contractor is
secured.
To view the El Alamo 2011 Trenching Gold Results map, please
visit the following link:
http://media3.marketwire.com/docs/gri_trenching.pdf
Acme Analytical Laboratories in Vancouver has reported assays in
ppb for each 2m trench sample; in this News Release the assays are
calculated to be presented in grams of gold per tonne - gAu/t,
average grades and widths are composited for the more significant
runs and the individual sample intervals are colored by grade
ranges.
All assays were by ICP analyses on aqua-regia digestions of 30
gram pulps prepared by Acme's facilities from whole rock samples.
Analyses of pulp standards, blanks, and duplicates showed no
systematic errors, but as reported above, fire assays to date show
higher values in general Galore's QA/QC protocol includes certified
fire assays to be run by a second Canadian laboratory for all
intervals with significant gold values.
The Dos Santos exploration program is managed by Ing. Octavio
Gonzalez, as Galore's Vice- President of Exploration for Mexico.
Galore Resources has recently appointed Terry Brown as
Vice-President Exploration, he is a Qualified Person as defined by
NI 43-101 and has approved this News Release.
Galore Resources is a British Columbia-based exploration company
that has assembled a leading group of industry professionals to
acquire and explore for promising deposits with an emphasis on gold
in Mexico and base metals in British Columbia.
Michael W. Byrne, President
Cautionary Note Regarding Forward-Looking Information: The
Company expressly warns readers not to rely on the information
herein for investment or other related purposes. Accordingly, any
use of this information is at your own risk and without liability
to the company. The information contained herein is not, and under
no circumstances is to be construed as either a public or a private
offer or solicitation to purchase securities in the capital stock
of Galore Resources Inc. The reader is referred to his/her
professional investment advisor regarding investment or related
decisions respecting the securities of the company. No securities
commission or similar regulatory authority has passed on the merits
of or reviewed the information contained herein.
Neither the 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: For progress updates and queries on Galore Resources
Inc. (TSX.V -GRI) please contact: Erica C Bearss, MBA, Vice
President Corporate Communications 604-647-2298 or Toll Free:
1-877-647-2298 Skype: 1-206-388-2423 ebearss@galoreresources.com /
www.galoreresources.com
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