Darwin Drills 15.6 Metres of 1.0 g/t Gold at La Puerta, Peru
11 February 2014 - 11:45PM
Marketwired Canada
Darwin Resources Corp. ("Darwin" or the "Company") (TSX
VENTURE:DAR)(PINKSHEETS:DARWF)(FRANKFURT:DWU): Darwin announces results from two
diamond drill holes at the Suriloma epithermal gold project in the Department of
La Libertad, Peru.
Key results:
-- Two diamond holes were drilled at the La Puerta area for a total of 732
metres. The holes targeted IP geophysical anomalies and down-dip
extensions of known epithermal vein mineralization.
-- Hole SU-013 intersected 15.6 metres @ 1.0 g/t gold from 213.8 metres
including 3.7 metres @ 3.2 g/t gold from 216.9 metres. This intersection
is down-dip and along strike of previous drilling at La Puerta Zone A,
including 7.5 metres @ 2.3 g/t gold from 84.2 metres and 5.0 metres @
2.1 g/t gold from 187.7 metres.
-- A number of untested targets remain over the large Suriloma project
area. Drilling has stopped to allow a complete review of the full
results.
Dr Graham Carman, President and CEO of Darwin, said: "Results from the recent
drilling have shown that La Puerta is an extensive and continuous gold
epithermal vein system with mineralization drilled only over 700 metres and open
in all directions. This short drill program extended gold mineralization 50
metres below any previous drilling. La Puerta is one of multiple target areas
over 6 km of strike at the Suriloma project. Further work is now required to
identify higher grade portions of the epithermal vein system, with many strong
targets remaining untested."
The recent two-hole drill program was designed to test two of the highest
priority IP geophysical anomalies at the La Puerta area (see Darwin Press
Release 28 October 2013). Earlier, gold intersections in eleven shallow drill
holes with an average vertical depth of 80 metres included 13.1 metres @ 1.4 g/t
gold from 50.8 metres and 7.5 metres @ 2.3 g/t gold from 84.2 metres (see Darwin
Press Release August 19 2013).
Hole SU-013 intersected 15.6 metres @ 1.0 g/t gold from 213.8 metres including
3.7 metres @ 3.2 g/t gold from 216.9 metres within a larger veined and altered
zone 65 metres wide. This intersection is down-dip and along strike of other
intersections from La Puerta Zone A including 7.5 metres @ 2.3 g/t gold from
84.2 metres and 5.0 metres @ 2.1 g/t gold from 187.7 metres - see Figure 1.
Mineralization in the veins dips steeply to the north, while results in SU-013
suggest that Zone A and Zone B may join up into a single structure. These
results are believed to reflect relatively high-level epithermal mineralization
with grades potentially increasing with depth. Gold mineralization is associated
with disseminated sulphides in strongly altered and brecciated volcanic rocks
with minor quartz veining. New drill results are summarized in Table 1.
Hole SU-012 drilled into a modelled IP chargeability anomaly offset from the
main mineralized trend at La Puerta - see Figure 1. No significant gold
mineralization was intersected and it is interpreted that this hole tested the
periphery of the epithermal system and the chargeability anomaly is not directly
related to the gold mineralization.
Results announced herein are considered similar to earlier drill results and
further work is required to identify higher grade portions of the vein system,
which typically exist in these epithermal systems. The Company is carrying out a
detailed review of all target areas at Suriloma to determine a ranking system.
In addition to the multiple vein targets, a copper porphyry target also exists
at the Edelmira area - see Figure 2. Drilling at Edelmira will require a new
permit from the Peruvian authorities and discussions have initiated with the
landholders. Overall, management is conducting a detailed review of the Suriloma
property to consider and plan next phase work programs. In addition management
continues to review and consider other acquisition opportunities.
The qualified person, Dr Graham Carman, Darwin's President and CEO, and a Fellow
of the Australasian Institute of Mining and Metallurgy, has reviewed and
verified the technical contents of this release.
Technical Background
True thickness is estimated to be 85-90% of the average drilled width of the
mineralized structures which are steep north dipping. The drilling was
undertaken by RAM Peru SAC of Lima Peru who provided HQ core from surface and NQ
core from around 250 metres depth. Drill recoveries were excellent and average
close to 100%. After photographing and logging, core intervals averaging 1.5
metres in length (about 3.5 kg per sample) were cut in half at Darwin's core
cutting shed in Otuzco Peru. The samples were then transported by courier
service to the Certimin laboratory in Lima. The remaining half core is retained
on site for verification and reference purposes. At Certimin the samples were
weighed, dried, crushed to -2mm, and split with a 500g sample pulverized for
analyses. Samples were analysed by Certimin for gold by 50g fire assay with AAS
finish (method G0107). Thirty five trace and major elements were analysed by
ICP-AES at Certimin using aqua-regia digestion (method G0146). The QA/QC program
of Darwin consists of the systematic insertion of two certified standards of
known gold content, two blanks, and two duplicate samples (each of 1/4 core)
into a batch of 60 samples. Certimin also inserts its own blanks and standards
into the analytical process.
About Darwin Resources Corp (TSX VENTURE:DAR)(PINKSHEETS:DARWF)(FRANKFURT:DWU):
Darwin is a resource acquisition and development company focussing on Peru. The
Company has an option to acquire 100% of the Suriloma epithermal gold property
in the Department of La Libertad.
On behalf of the Board,
"Graham Carman"
Dr Graham Carman, President & CEO
Forward Looking Statements This Company News Release contains certain
"forward-looking" statements and information relating to the Company that are
based on the beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management. Such statements
reflect the current risks, uncertainties and assumptions related to certain
factors including, without limitations, failure to successfully complete
intended financings, capital and other costs varying significantly from
estimates, production rates varying from estimates, changes in world metal
markets, changes in equity markets, uncertainties relating to the availability
and costs of financing needed in the future, equipment failure, unexpected
geological conditions, imprecision in resource estimates or metal recoveries,
success of future development initiatives, competition, operating performance,
environmental and safety risks, delays in obtaining or failure to obtain
necessary permits and approvals from local authorities, and other development
and operating risks. Should any one or more of these risks or uncertainties
materialize, or should any underlying assumptions prove incorrect, actual
results may vary materially from those described herein. Although Darwin
believes that assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future performance
and accordingly undue reliance should not be put on such statements due to the
inherent uncertainty therein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock
Exchange accepts responsibility for the adequacy or accuracy of this news
release.
Table 1. Drill hole collar and significant intercepts from recent holes at Suriloma
----------------------------------------------------------------------------
Drillhole Easting Northing RL Azi Dip Depth Type
----------------------------------------------------------------------------
SU-012 770,173 9,135,493 3,619 200 -70 367.85 DD
----------------------------------------------------------------------------
SU-013 770,558 9,135,235 3,676 215 -55 363.85 DD
----------------------------------------------------------------------------
INCLUDING
----------------------------------------------------------------------------
INCLUDING
----------------------------------------------------------------------------
AND
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Gold Silver
Drillhole From To Int g/t g/t Structure
----------------------------------------------------------------------------
La Puerta
SU-012 No significant results North
----------------------------------------------------------------------------
SU-013 213.8 229.4 15.6 1.0 1.5 Zone A
-----------------------------------------------------------------
INCLUDING 216.9 220.6 3.7 3.2 3.5
-----------------------------------------------------------------
INCLUDING 229.1 229.4 0.3 4.1 1.9
-----------------------------------------------------------------
AND 260.8 261.0 0.2 1.1 0.9 Zone B
----------------------------------------------------------------------------
Collar coordinates (Easting and Northing) are in PSAD56 zone 17S. Depths (From,
To) are down-hole depths in metres as is Interval (Int).
To view Figure 1. Plan of drill intercepts at La Puerta, please visit the
following link:
http://media3.marketwire.com/docs/926798Fig1.pdf
To view Figure 2. Suriloma IP chargeability at 250m depth with drill holes and
prospective areas, please visit the following link:
http://media3.marketwire.com/docs/926798Fig2.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Information
www.darwinresources.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Email: info@darwinresources.com
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