Galore Drills 2.22 g/t Gold Over 17.5 Metres at El Alamo
January 25 2012 - 8:00AM
Marketwired Canada
Galore Resources Inc. (TSX VENTURE:GRI) completed a track-drill sampling program
on its El Alamo claim, part of the Company's 100%-owned Dos Santos project in
the Mazapil-Camino Rojo trend of the Concepcion del Oro district, Zacatecas,
Mexico. The program results produced strong gold numbers that justify a more
extensive exploration program at El Alamo.
A total of 32 shallow holes were drilled on the El Alamo claim, with assay
results from 20 of the holes resulting in significant gold intercepts. In
addition to results announced on December 6, 2011 (shown in map table below),
the best intervals from the most recent assays include:
Hole A1 1.04 g/t gold over 6.1 metres, from 2.15-8.25 metres near surface.
Hole A10 2.22 g/t gold over 17.5 metres from 0-17.5 metres starting at
surface.
Hole A11b 1.23 g/t gold over 3.05 metres, from 2.3-5.3 metres near surface.
All results (drill-hole locations and trench results) on El Alamo are shown in
the following table:
http://media3.marketwire.com/docs/g124.pdf
"We are extremely encouraged with the gold results from the track-drill program
at El Alamo. The results have confirmed that gold mineralization from previous
trenching extends below the surface and gold mineralization at El Alamo is open
at depth in all directions. These exploration-drilling results have assisted
Galore considerably in identifying deeper targets for inclined drilling while
demonstrating increased potential for a significant gold deposit on Dos Santos,"
said Michael Byrne, President.
Drilled widths are reported. True widths and the shape of mineralization have
not yet been determined. A conventional track-mounted percussion drill was used
due to the steep terrain at El Alamo. Such drills are limited to vertical drill
holes of approximately 30-metre depths. The drill rig is rented and operated by
Galore personnel to execute the drilling cost-effectively, without dependence on
drilling contractors. The track-drill program at El Alamo was successful and we
are currently using it to drill on the Los Gemelos claim at Dos Santos.
This exploration program is intended to give insight into 3D geometry and shape
of any potential body of mineralization, as well as grade distribution below the
surface. It is not intended to be compliant for defining resources. Reverse
circulation and/or core drilling will be used once the character of the deposit
is better understood. The program has confirmed that gold mineralization exposed
by trenching at the surface can now be extended to shallow depths, with the
potential to expand deeper.
Samples were crushed and pulverized at ALS Minerals' Zacatecas Mineral Labs,
Mexico, and fire assayed by ALS method AuAA-25 in Vancouver, Canada. Galore's
QA/QC protocol includes check assays totalling about 10% of each shipment, apart
from ALS internal checks, reference material "standards", blanks and duplicate
pulps, as well as raw-sample field duplicates are inserted in each lot of 40
samples before shipping to Vancouver for analyses.
The Dos Santos exploration program is managed by Ing. Octavio Gonzalez, Galore's
V.P. Exploration for Mexico, and Terry Brown, Galore's V.P. Exploration. Terry
Brown, Galore's Qualified Person as defined by NI 43-101, has reviewed and
approved the contents of 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
Explore. Drill. Discover.
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.
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