Two New Exploration Targets Discovered at San Marco Resources’ Cuatro de Mayo Project
Vancouver, B.C. – May 27, 2015: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) recently completed a second 2015 sampling and mapping campaign on its Cuatro de Mayo Project in Sonora, Mexico, which resulted in the identification of two new exploration targets: Corral and Amariska.
The Corral target is a strong low sulphidation vein system that was traced for over 1.3 km along strike and over a width of approximately 400 m and is open along strike in both directions. The system consists of individual veins, which can reach over 2 m in width, and corridors of intense parallel vein stockwork. The Corral target is hosted in an upper volcanic sequence and, like the Oregano target, displays typical low sulphidation vein system textures such as bladed (lattice), massive, and banded quartz (see San Marco news release of May 6, 2015).
The Amariska target is a manto type gold target, approximately 10-30 m thick, presently identified over a strike length of roughly 500 m. This target dips at approximately 45 degrees to the northeast and is capped by the rhyolite tuff of the upper volcanic sequence.
In addition to identifying the Corral and Amariska targets during this latest field campaign, the Company also undertook additional mapping and follow-up rock and soil sampling at the Oregano, Chunibas, Valle and Tabacote targets and conducted regional exploration to continue the search for additional targets. 122 rock, 396 soil and 34 silt samples were collected and assay results are pending.
About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which the Company is currently active. San Marco maintains a strategic project generation program focused on high-calibre, low-cost acquisition opportunities in the Cuatro de Mayo District. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.
For further information, contact:
Robert Willis, CEO
Barbara Henderson, Investor Relations Officer and Corporate Secretary
National Instrument 43-101 Disclosure
The technical information contained in this document has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
Samples will be prepared for assay at Bureau Veritas Minerals (Acme/Inspectorate) Lab in Mexico and will be assayed at their facility in Vancouver, BC. Assaying protocols are as follows: A 15 gram split is analyzed for 36 elements using ICP-ES/MS method (AQ201). Sample results greater than 1000ppm Cu, Pb, Zn, Mo, Ag over 10ppm, and Sb, As, Hg over the detection limit are re-assayed, using hot multi-acid digestion using ICP-ES method (MA370). Samples that report Au >100ppb in AQ201 are analyzed by fire assay, AA finish (FA430) using a 30g sample. Overlimit Au from FA430 and/or Ag from 370 is automatically assayed (30g) via fire assay fusion and gravimetric finish (FA530). San Marco’s sample collection, integrity, and quality control and assurance procedures are in line with industry best practices and comply with National Instrument 43-101 requirements.
Forward Looking Information
Information set forth in this document includes forward-looking statements, such as: the nature of additional work that may be undertaken on the Cuatro de Mayo project; the potential size of the mineralized targets identified to date; and the potential mineral deposit type of the Cuatro de Mayo targets currently identified. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.