San Marco Announces Completion of I.P. Survey at 1068 Project, Textbook porphyry geophysical target identified
San Marco Announces Completion of I.P. Survey at 1068 Project,
Textbook porphyry geophysical target identified
Vancouver, B.C. – February 27th, 2018: San Marco Resources Inc. (SMN: TSX-V) ("San
Marco" or “the Company”) announces the completion of the previously announced Induced
Polarization survey at the Company’s 100% owned 1068 porphyry copper, gold, molybdenum
project in Sonora State, Mexico.
A pole-dipole IP survey was completed over a 2 kilometre by 2.8 kilometre grid with northeast
trending lines spaced every 400 metres. The survey succeeded, detecting a large chargeability
anomaly measuring 1.2 kilometres by 1.3 kilometres. The anomaly displays high chargeability
readings, peaking at greater than 40 mv/V. The surface projection of the anomaly coincides
with the area already mapped as prospective Laramide aged volcanic units that have been
subjected to pervasive quartz-sericite-clay-pyrite ± iron oxides (phyllic) alteration, characteristic
of the outer shell of a mineralized porphyry system. This mapped leached cap obscures almost
all of the underlying geology, except in a small erosional window where San Marco personnel
were able to map an area of potassically altered rocks. Mineralization which includes early
stage veining contains copper, molybdenum and gold. Potassic alteration is a common feature
of the ore-bearing zones of economically mineralized porphyry systems.
The geophysical modelling shows a large area of high chargeability starting just below the
current surface with the highest values starting 200 metres below surface and extending down
to 400 metres (the limit of the survey). The highest chargeability readings surround a core area
with slightly lower readings. San Marco’s geophysical consultants consider the 1068 target
highly prospective and have recommended a four-hole drill program as an initial test.
Robert Willis, San Marco’s CEO stated; “The IP survey has generated a classic “textbook”
porphyry-style geophysical target. These geophysical results add additional support to our
theory of significant vertical extent below the large surface footprint. Drill hole collars are
expected to be located at or near copper/gold/moly mineralization, which has been locally,
identified right at surface. Each new layer of data that has been generated at 1068 has simply
strengthened the target potential.”
An initial 4 drill holes have been recommended to target across the gradient of higher
chargeability associated with phyllically altered pyritic shell into the lower signature associated
with the potasically altered and mineralized rocks
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.
2
San Marco actively pursues 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:
Robert Willis, P. Eng.
President & CEO
For further information, contact:
Paul MacDonald – Investor Relations
Nancy Curry
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
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.