San Marco acquires Suanse property strategically located in the prolific Cananea- La Caridad copper belt in Northern Sonora State
San Marco acquires Suanse property strategically located in the prolific Cananea-
La Caridad copper belt in Northern Sonora State
Vancouver, B.C. – May 2nd, 2018: San Marco Resources Inc. (SMN: TSX-V) ("San Marco" or
“the Company”) is pleased to announce that it has been awarded the Suanse property in the
Mexican government’s recent mineral concession lottery.
The property covers 1,115 hectares and is located 62 kilometres (“km”) southeast of the world
class Buenavista copper mine (formerly named Cananea) and 42 km to the north-west of La
Caridad mine (both operated by Southern Copper Corporation, www.southerncoppercorp.com),
in the prolific Cananea-La Caridad copper belt of Northern Sonora State, which is known for
being host for world-class porphyry copper deposits, and many high quality exploration copper-
moly prospects
The Suanse property is sandwiched between two mineral concessions within the Llano del
Nogal porphyry copper moly property, controlled by Evrim Resources Corp. For related images,
visit the Suanse Project on Company’s website.
The Llano del Nogal property hosts Laramide equivalent intrusives with alteration varying from
propylitic to locally potassic and quartz -sericite. The primary copper mineralization is
chalcopyrite associated to chlorite-K feldspar pyrite and magnetite veins. Interpretation suggests
the presence of a shallowly buried porphyry target. *
The Batamote porphyry copper property controlled by Millrock Resources Inc., located 12 km to
the east of Suanse, hosts a main alteration zone extending 6 km by 3 km. Millrock has outlined
several copper-moly exploration targets, including hydrothermal breccia bodies, porphyry
copper sheeted and stockwork mineralization.*
Christian Grijalva, San Marco’s Vice President stated, “We are fortunate to have been awarded
a mineral concession covering part of what we believe i s a district scale, highly prospective
mineral endowed region. Preparations are being made to initiate an exploration program to
evaluate the potential of Suanse “
According to Mexican governmental geological data, the Suanse property overlies a section of a
large oxidation and argillization cell, which has an elongated shape trending northeast -
southwest and measuring over 8 km along its axis. Associated to this alteration cell are many
polymetallic and precious metals prospects hosted by Upper Cretaceous dacitic to andesitic
rocks, which in turn are being affected by porphyritic intrusive bodies. Relevant mineral
“showings” located within the large alteration cell are Suanse Norte and Suanse Sur prospects
which the Mexican geological survey describes as be ing part of a group of high angle
epithermal to shallow mesothermal (Au, Ag, Pb, Zn and Cu) vein systems.
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Upcoming Exploration
San Marco geological staff is preparing to do a first -pass ground validation and prospecting
work at Suanse. The aim is to assess the alteration cell and look for mineralization within the
main Laramide age rock domain and its peripheries, where Late Tert iary (post-mineral) rocks
might be obscuring part of any potential mineralized system.
* The geological information on the Llano del Nogal property and the Batamote porphyry copper
property have not been verified by the Company, and readers are cautioned not to place undue
weight on such information. The information is sourced from publicly disclosed information; The
Llano del Nogal property, source Evrim Resources Corp. (www.evrimresources.com) and The
Batamote property, source Millrock Resources Inc. (www.millrockresources.com)
About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of
promising projects in mining-friendly Mexico, including the Chunibas, Mariana and 1068
Projects in Sonora State.
San Marco actively pursues a strategic project generation program focused on high-caliber, low
acquisition cost opportunities in northwestern Mexico. The Company has a committed
management team with extensive experience in Mexico and a proven track record of building
shareholder value.
On behalf of the Board of Directors:
Christian Grijalva, B.Sc.
Vice President
For further information, contact:
Nancy Curry Paul MacDonald
[email protected] [email protected]
National Instrument 43-101 Disclosure
This news release has been approved by San Marco's CEO, Robert D. Willis, P. Eng. a "Qualified
Person" as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the
Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and
test data, underlying such technical information by reviewing the assay reports provided to San Marco by
its independent testing laboratory.
The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure
sampling and analysis of all exploration work is conducted in accordance with the best possible practices.
All sampling programs are carried out in a careful and diligent manner using scientifically established
sampling practices designed and tested to ensure that the results are representative and reliable. Quality
control programs appropriate to the type of sample and the mineralization are implemented, including
such measures as external blanks, standards and duplicate s amples. The security of samples from
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sample acquisition to analysis is a vital component of the sampling process. Procedures include the use
of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure
and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed
given the geographic and topographic conditions and the logistics created by the site location.
Forward Looking Information
Information set forth in this document may include forward-looking statements. While these statements
reflect management's current plans, projections and intents, by their nature, forward-looking statements
are subject to numerous risks and uncertainties, some of which are beyond the contro l of San Marco.
Readers are cautioned that the assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue
reliance should not be placed on these forward-looking statements. San Marco's actual results, programs,
activities and financial position could differ materially from those expressed in or implied by these forward-
looking statements.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.