Minsud Announces Drilling Results at its Chita Valley Project, San Juan, Argentina
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TSX-V: MSR
December 29, 2017
Minsud Announces Drilling Results at its
Chita Valley Project, San Juan, Argentina
TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the
“Company”) recently completed a 1,455 metre HQ diamond drilling program in the Chita South
Porphyry sector of its Chita Valley Project. The program included 8 new holes together with
deepening of 7 existing holes. The main objective was to continue outlining Cu-Au-Ag-Mo
mineralization and Inferred Resources at relatively shallow depth beneath the zone of surface
weathering and oxidation (See National Instrument 43-101 Technical Report dated February 1,
2016 available under the Company’s profile at www.sedar.com (the “Mineral Resource
Estimate”).
The mineralized sections include disseminated sulphides as well as A, B and D-type veins hosted
by multiple stages of epizonal intrusions and hydrothermal breccias. Better Cu values are
typically associated with the zone of supergene enrichment and the transition to primary
mineralization at depth. Epithermal quartz veins that typically post date the porphyry
mineralization are known throughout the Chita Valley Project area. This vast under-explored
target concept has widespread moderate to high grade Au-Ag values from drill holes and surface
samples that remain untested.
Highlights include 86 metres (approximately 70 metres true thickness ) averaging 0.65% Cu,
6.2 g/t Ag, 0.009% Mo and 0.07 g/t Au from hole PSU17-67. Individual Cu values above 2.0%
and Ag values above 50 g/t were capped at that those levels in the Mineral Resource Estimate.
Discrete high-grade Ag-Au sections (highlighted yellow) are not capped. See following table for
a summary analytical results.
Hole ID From To Interval Thickness Au Ag Cu Mo
m m m True m g/t g/t % %
PSU14‐10 ext. 86.0 148.0 62.0 50 0.035 1.25 0.341 0.016
176.0 186.0 10.0 8 0.046 1.10 0.311 0.018
PSU14‐11 ext. 48.0 176.0 128.0 98 0.044 1.18 0.327 0.02
PSU14‐21 ext. 22.0 98.0 76.0 65 0.060 0.80 0.512 0.008
PSU14‐25 ext. 44.0 138.0 94.0 78 0.038 3.08 0.269 0.028
PSU17‐60 42.0 50.0 8.0 7.1 0.110 13.58 0.362 0.027
64.0 98.0 34.0 30 0.059 1.12 0.377 0.049
PSU17‐62 52.0 112.0 60.0 45 0.035 1.79 0.271 0.027
PSU17‐63 39.15 76.0 36.85 28 0.071 1.00 0.407 0.012
PSU17‐64 26.0 42.0 16.0 12 0.028 0.71 0.277 0.032
56.0 64.0 8.0 6 0.077 1.70 0.297 0.032
PSU17‐65 22.0 42.0 20.0 17 0.196 5.31 0.462 0.018
incl. 39.4 40.0 0.60 0.50 3.93 73.00 1.325 0.006
52.0 80.0 28.0 24 0.041 0.49 0.303 0.021
PSU17‐66 52.0 82.0 30.0 24 0.083 0.52 0.500 0.028
PSU17‐67 18.0 104.0 86.0 70 0.086 6.22 0.646 0.009
incl. 47.75 50.0 2.25 unknown 0.55 762.00 4.384 0.010
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True thickness estimations for the longer Cu mineralized sections are determined by a
combination of the January 2017 resource blo ck model outline and current drill hole data.
Exceptions to this thickness determination procedure are various drill holes containing lesser
intervals of anomalous precious metal values where core angle measurements are utilized to
determine an approximate true thickness (shown in italics in the above table). The high-grade Ag-
Cu interval in PSU17-67 comprises breccia matrix sulphides of unknown orientation. Drill holes
locations are shown on the following map. Historical drill holes locations are also shown.
All core samples were submitted to the ALS Laboratories laboratory in Mendoza, Argentina for
preparation and analysis. ALS is certified to ISO-9001 international standards. All samples were
analyzed for Au by fire assay/ AA finish, 50 g, plus a 33-element ICP scan. Minsud includes field
duplicates, standards and blanks with all sample shipments. A selection of pulps have been
submitted to ISO-9001 certified referee laboratory, Alex Stewart (Assayers) Argentina SA in
Mendoza for analysis and results are pending.
In 2016 and 2017 detailed mapping and sampling of epithermal Au/Ag vein areas in the Chita
Porphyry was conducted mostly inside the Inferred Resource wireframe model. The precious
metal veins are believed to have potential comp lementary benefits to the deposit’s economic
model either as discrete high-grade areas of direct shipping material or as broader sectors of
elevated Au/Ag inside the Cu wireframe. One epithermal prospect, the Condor Vein, shows
extensive potential for high grade Au/Ag including a number very high or “Bonanza-type” assays.
This image cannot currently be display ed.
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See Table below. The current drill hole PSU17-67 with a core length (unknown true thickness)
of 2.25 m averaging 0.55 g/t Au, 762.0 g/t Ag & 4.38% Cu is another untested prospect of this
type.
Minsud has retained P&E Mining Consultants Inc. of Brampton, ON to update the Mineral
Resource Estimate within a constraining pit shell in light of the current drilling and other
information. An updated NI 43-101 Technical Report on the Chita Valley Project is expected to
be completed in the first quarter of 2018.
With maximum elevation in the sector below 3,100 m ASL (meters above mean sea level) field
conditions are benign on a year-round basis and no active alpine glacial conditions are possible
below approximately 4,100 m ASL.
Mr. Howard Coates, Professional Geoscientist, Director of the Company and a geological
consultant, is a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Coates
visited the property and has read and approved the contents of this news release.
Carlos Massa, Minsud’s President & CEO, states: “We are pleased to report the results of this
new drilling program, particularly noting the cons istency of Cu grade with previous programs. A
new intersection of mineralized structures with potential for high grade gold and silver within the
Cu Mineral Resource Estimate area becomes a new priority target that requires further
investigation. It is also worth to mention that the Chita porphyry has not yet been tested at depth.”
About the Chita Valley Project, San Juan Province:
The Chita Valley Project is a large exploration stage porphyry situation with classic alteration
features, widespread porphyry style Cu-Mo-Ag-Au mineralization, and associated gold and silver-
bearing polymetallic veins. In addition to the Chita South resource area, the project includes a
cluster of largely untested mineralized porphyries including the Chita North, Chinchillones and
Placetas porphyries. San Juan Province of Argentina has a robust mining sector and recognizes
the important economic benefits of responsible development of its substantial mineral resource
endowment.
SampleID Easting Northing Elevation Strike Dip Thickness Au Ag Ag/60 AuEq
m m m cm g/t g/t g/t g/t
15043 2450038 6621344 3012 N70° 85°N 35 0.72 75.6 1.3 1.98
15044 2450045 6621348 3013 N70° 85°N 20 1.63 265.0 4.4 6.05
15045 2450048 6621347 3014 N70° 85°N 30 0.15 24.8 0.4 0.56
15046 2450055 6621349 3011 N70° 85°N-90° 25 5.64 449.0 7.5 13.12
15047 2450058 6621352 3011 N60° 85°N-90° 15 1.05 80.7 1.3 2.39
15048 2450060 6621351 3008 N55° 85°N-90° 30 0.84 77.3 1.3 2.13
15049 2450067 6621356 3007 N60° 75°N 30 2.58 245.0 4.1 6.66
15050 2450084 6621361 3002 N65° 85°N 20 4.41 489.0 8.2 12.56
15051 2450098 6621370 2993 N70° 75°N 20 42.10 2390.0 39.8 81.93
15052 2450112 6621375 2981 N70° 75°N 20 46.50 2660.0 44.3 90.83
15053 2450114 6621377 2981 N70° 75°N 20 2.54 794.0 13.2 15.77
15054 2450134 6621384 2972 N70° 75°N 15 5.73 850.0 14.2 19.90
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About Minsud Resources Corp.:
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-
Au-Ag Project, in the Province of San Juan, Argentina. The Company also holds a 100% owned
portfolio of selected early stage prospects, including 18,000 has in Santa Cruz Province,
Argentina. The company has already resumed field work at the 100% owned La Rosita Project,
a Low-sulphidation Ag/Au prospect in the Deseado Massif.
FOR FURTHER INFORMATION PLEASE CONTACT
Carlos Massa
President and Chief Executive Officer
Mike Johnston
416-479-4466
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain information that may constitute forward-looking information under
applicable Canadian securities laws. Forward-looking information includes, but is not limited to,
statements about strategic plans, spending commitments, future operations, results of exploration,
anticipated financial results, future work programs, capital expenditures and objectives. Forward-looking
information is necessarily based upon a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the
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with and claims by local communities; availability and increasing costs associated with operational inputs
and labor; the speculative nature of mineral exploration and development, including the risks of obtaining
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those anticipated in such information. Accordingly, readers should not place undue reliance on forward-
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