Minsud to recommence resource outline diamond drilling at the Chita Valley Cu-Au-Ag-Mo Project, San Juan, Argentina
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TSX-V: MSR
October 13, 2017
Minsud to recommence resource outline diamond drilling at the Chita
Valley Cu-Au-Ag-Mo Project, San Juan, Argentina
TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the
“Company”) announces that it will commence a 1,500-meter HQ diamond drilling program in the
Chita Porphyry sector of the Chita Valley Project. The main objective is to continue outlining Cu-
Au-Ag-Mo mineralization and Inferred Resources at relatively shallow depth beneath the zone of
surface weathering and oxidation. Better Cu values are typically associated with the zone of
supergene enrichment and the transition to primary mineralization at depth. The current Diamond
Drilling program is planned to continue outlining the Inferred resource of Cu-Mo-Au-Ag. The
1,500-m program includes 6 new HQ holes and the deepening of 11 existing holes (Figure 1).
Figure 1: Chita South Porphyry, existing and planned Drill hole locations.
The Chita Property Environmental Impact Report (“EIR”) or Declaración de Impacto Ambiental in
Spanish (“DIA”), a requirement to carry out any mining related task has recently been renewed
for a period of 2 years ending October 10, 2019. This allows the company to conduct ongoing
multidisciplinary exploration surveys and activities including drilling and mechanical trenching.
In 2016 and 2017 detailed mapping and sampling of epithermal Au/Ag vein areas in the Chita
Porphyry was conducted mostly inside the Inferred Resources wireframe model. The precious
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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.
See Table 1 and Figure 2 below.
Table 1: Condor Vein, Surface Channel Sampling Results
Figure 2: NW Chita South Porphyry, epithermal Au/Ag surface sampling locations
(including Condor Vein).
The Condor vein has been traced intermittently for over 300m. Although a narrow vein (+/- 20
cm true thickness) where exposed, this vein contained elevated Au and Ag values throughout.
SampleID Easting Northing Elevation Strike Dip Thickness Au Ag Ag/60 AuEq
mm m c mg / 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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Minsud plans to utilize the bulldozer (on site for the drilling program) to expose this vein for further
mapping and sampling.
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 release.
Carlos Massa Minsud´s President & CEO, states: “We are pleased to resume drilling at our 100%
owned Chita Property and the core property of the Chita Valley Project. Management believes
that the potential of this project goes far beyond the known mineralization at Chita South Porphyry
(PSU).”
About the Chita Valley Project, San Juan Province:
The Chita Valley Project consists of three core contiguous properties (the Chita, Brechas Vacas
and Minas de Pinto mineral concessions) and four additional claims adjacent to these properties
(the Chita Este, Brechas Vacas Oeste, Chita Norte and Chita Sur exploration permits) that cover
a combined total of approximately 174 square kilometres.
The Chita Valley Project (the 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.
San Juan Province has a robust mining sector and recognizes the important economic benefits
of responsible development of its substantial mineral resource endowment.
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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actual results and future events to differ materially from those expressed or implied by such forward-
looking information including, but not limited to: fluctuations in the currency markets (such as the
Canadian dollar, Argentina peso, and the U.S. dollar); changes in national and local government,
legislation, taxation, controls, regulations and political or economic developments in Canada and
Argentina or other countries in which the Corporation may carry on business in the future; operating or
technical difficulties in connection with exploration and development activities; risks and hazards
associated with the business of mineral exploration and development (including environmental hazards or
industrial accidents); risks relating to the credit worthiness or financial condition of suppliers and other
parties with whom the Company does business; presence of laws and regulations that may impose
restrictions on mining, including those currently enacted in Argentina; employee relations; relationships
with and claims by local communities; availability and increasing costs associated with operational inputs
and labour; the speculative nature of mineral exploration and development, including the risks of obtaining
necessary licenses, permits and approvals from government authorities; business opportunities that may
be presented to, or pursued by, the Company; challenges to, or difficulty in maintaining, the Company’s
title to properties; risks relating to the Company’s ability to raise funds; and the factors identified under
“Risk Factors” in the Company's Filing Statement dated April 27, 2011. There can be no assurance that
such information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place undue reliance on forward-
looking information. All forward-looking-information contained in this news release is given as of the date
hereof and is based upon the opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new information, future events or otherwise, except
as required by law.
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