SAMEX to Resume Drilling at Los Zorros District, Chile
09 July 2011 - 4:03AM
Marketwired
Drilling will resume shortly at Los Zorros in Chile where SAMEX
(TSX VENTURE: SXG)(OTCBB: SMXMF) is exploring for multiple precious
metal deposits within a district of widespread occurrences of gold,
silver, copper and barite.
The drilling is following up exploration results from earlier
drilling and a Titan-24 geophysical survey which refined
understanding of existing project targets and also outlined
important new targets (see News Release No. 4-11 dated April 18,
2011 "SAMEX Makes Exploration Breakthrough At Cinchado; Multiple
Gold Intercepts At Milagro & Milagro Pampa - Los Zorros
District, Chile" and graphic plates at www.samex.com). Drilling
will start in the Cinchado Project area and is also planned for the
high-priority Nora Project. In addition, other targets outlined by
the Titan 24 geophysical survey and recent reconnaissance work may
be tested later in the program.
The Los Zorros property holdings consist of multiple project
areas that cover approximately 80 square kilometers within a
district of scattered numerous small mines and prospects where
there was sporadic attempts at small-scale production for gold and
copper-silver in the past. The property is situated at the
convergence of important geologic and structural features and
significant gold and copper-silver mineralized areas of Cinchado,
Nora, Milagro, and Milagro Pampa. There are also many other mineral
occurrences at Los Zorros yet to be systematically explored by
SAMEX including: La Florida and Lora (gold and copper-gold), Virgen
de Carmen and Colorina (copper-silver; possible deeper-seated gold
and copper-gold), and Salvadora and Cresta de Gallo (barite vein
systems with possible deeper-seated gold and copper-gold). In
addition to these areas, SAMEX is strategically expanding its Los
Zorros land holdings over prospective geologic features in the
surrounding area.
SAMEX is well funded to advance the exploration of its
high-priority precious metal projects at Los Zorros, while bringing
forward numerous additional targets in the district.
Jeffrey Dahl, President
This News Release includes certain "forward looking statements".
Without limitation, statements regarding potential mineralization
and resources, exploration results, and future plans and objectives
of the Company are forward-looking statements that involve various
risks. Actual results could differ materially from those projected
as a result of the following factors, among others: risks inherent
in mineral exploration; risks associated with development,
construction and mining operations; the uncertainty of future
profitability and uncertainty of access to additional capital.
The TSX Venture Exchange has neither approved nor disapproved of
the information contained herein.
Contacts: SAMEX Mining Corp. Jeffrey Dahl President (604)
870-9920 or TOLL FREE: 1-800-828-1488 (604) 870-9930 (FAX)
2samex@samex.com www.samex.com
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