Marifil Mines Ltd.: First Drilling Results from Cerro Samenta
12 June 2014 - 11:30PM
Marketwired Canada
MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") announces it
has received partial drill results from its Cerro Samenta porphyry copper
project in Salta Province, Argentina.
Marifil's partner, Southern Copper, completed a Phase I diamond core drill
program of 8 holes totalling 2,795 meters on April 20, 2014. All drilling was
done in the North Zone of the property. The holes tested a hydrothermally
altered multiphase granodiorite porphyry intrusive and breccia complex. The
drill hole statistics are shown in Table I, and a location map is appended.
TABLE I
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BEARING DIPPING TOTAL DEPTH
HOLE ID EASTING NORTHING degrees degrees (m)
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SAM 01 2590716 7245802 225 - 60 417.50
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SAM 02 2590881 7245452 045 - 70 456.30
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SAM 03 2591060 7245609 360 - 60 149.10
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SAM 04 2590609 7245585 045 - 60 455.35
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SAM 05 2590558 7245897 225 - 60 393.00
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SAM 06 2590483 7246191 080 - 60 400.30
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SAM 07 2590486 7246914 090 - 70 328.00
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SAM 08 2590787 7246673 045 - 60 106.20
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All of the drill cores (HQ size) have been sawed in half with one half sent to
Alex Stewart Labs in Mendoza for assaying. The remaining core record is
warehoused. The copper assay results for DDH SAM 1 & 3 are complete. Receipt of
the drill core copper assay results for all the other holes are pending with the
exception of DDH SAM 4 which is complete to 142.00 meters depth. Copper
mineralization of various intensities is present in portions of the pending
assay intervals. The drill core samples are of two meter intervals taken
continuously down the hole. No assays have been received for molybdenum or
precious metals. The status of the assay results for the 8 drill holes are
presented in Table II. Results for only those intervals that are considered to
be significant are shown.
TABLE II
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DDH From (m) To (m) Interval (m) % Cu
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SAM 1 (Complete) 0.00 100.00 100.00 0.15
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100.00 112.00 12.00 0.35
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112.00 122.00 10.00 0.16
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222.00 246.00 24.00 0.31
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SAM 2 0.00 456.30 456.30 Pending
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SAM 3 (Complete) 4.00 10.00 6.00 0.13
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92.00 102.00 10.00 0.13
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SAM 4 38.00 46.00 8.00 0.13
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72.00 142.00 70.00 0.19
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142.00 455.35 313.35 Pending
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SAM 5 0.00 393.00 393.00 Pending
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SAM 6 0.00 400.30 400.30 Pending
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SAM 7 0.00 328.00 328.00 Pending
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SAM 8 0.00 106.20 106.20 Pending
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Marifil has not yet received the requested drill hole geologic logs, the drill
hole sample coordination tables, the certified assay certificates, nor a
statement on drilling and sampling Quality Assurance/Quality Control from
Southern Copper. Until the Company obtains this information management is not
able to comment on the significance of the results so far reported herein. The
remaining drilling results are expected within the next months and the Company
will release them as it receives them.
This press release has been reviewed and approved by John Hite, President of
Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions
the exploration program is being carried out. Mr. Hite and Mr. Walters are
Qualified Persons as defined by National Instrument 43-101.
WE SEEK SAFE HARBOR.
General Disclaimer
Marifil Mines Ltd. "Marifil" has taken all reasonable care in producing and
publishing information contained in this news release, and will endeavor to do
so on a periodic basis. Material in this news release may still contain
technical or other inaccuracies, omissions, or typographical errors, for which
Marifil assumes no responsibility. Marifil does not warrant or make any
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the possibility of damage, arising from your use, or inability to use, the
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independent professional advice before making any investment decisions.
Furthermore, you may not modify or reproduce in any form, electronic or
otherwise, any information on this site, except for personal use unless you have
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Forward-Looking Statements
This news release may contain forward-looking statements, including but not
limited to comments regarding predictions and projections. Forward-looking
statements address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
"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."
For further information regarding Marifil Mines Ltd., please refer to the
Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's
Website (Http://www.marifilmines.com.)
To view the map associated with this release, please visit the following link:
http://media3.marketwire.com/docs/951504_map.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
Marifil Mines Ltd.
John Hite
President
(702) 562-4880
jhite@marifilmines.com
Marifil Mines Ltd.
Hugh Oswald
Investor Relations
(604) 838-2855
hoswald@marifilmines.com
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