San Marco Identifies High Priority Drill Targets on the 1068 Project: Samples in Road Cuts up to 0.76% Copper, 2050 ppm Molybdenum and 0.17 g/t Gold
San Marco Identifies High Priority Drill Targets on the 1068 Project: Samples in
Road Cuts up to 0.76% Copper, 2050 ppm Molybdenum and 0.17 g/t Gold
Vancouver, B.C. – September 26th, 2017: San Marco Resources Inc. (SMN: TSX-V) ("San
Marco") announces the results and recommendations of recent exploration on its 1068 Project.
The Project is an undrilled copper, molybdenum and gold porphyry system discovered from
San Marco’s generative program (see news release dated January 19, 2017).
During construction of a preliminary access road to potential drill site areas, mineralization was
noted in the roadway with copper values up to 0.76%, gold up to 0.17g/t and molybdenum up to
2050 ppm over 3 - 4 metre channel samples. Drilling is recommended after additional surface
mapping and sampling is completed. Preparation for such work will commence immediately.
Exploration Highlights
Highlights of the exploration include;
• Surface alteration and mineralized footprint has increased to 1.6 kilometres X 1.5
kilometres (“km”) and is open for expansion in at least two directions.
• Poorly exposed erosional window into potassically altered mineralized intrusive
(100 metres by 200 metres) is an obvious drill target.
• Extensive phyllically altered and stockwork-quartz-veined volcanic lithocap (as above,
1.6 km X 1.5 km and open) may have created favourable conditions for sealing the
system acting as a trap for fluids, enhancing the mineralizing process. Drilling through
this volcanic cap is another obvious drill target.
• Oxide copper occurs mainly in fractures and veinlets. Fresh sulphides (pyrite,
chalcopyrite and molybdenite) were observed below the volcanic rock cap in potassic
alteration.
• Semi-continuous channel sampling over part of a newly constructed road cut ran 62
metres of 0.1% copper; 215 ppm molybdenum and 0.044 g/t gold. Sampling was limited
to where the bulldozer was able to build the road and not necessarily cutting the best
outcrop exposures.
• Geochemical zonation suggests use of pathfinder elements as well as mapping
alteration mineralogy can be utilized to vector to the best drill targets.
Exploration Plans
Recent work has resulted in the following strategy and recommendations for continued
exploration of the 1068 Project:
• Extend geological mapping over the northeast and southeast sections of the Project, up
to 1 kilometre in each direction.
• Expand the previous rock-chip sample grid by a minimum of 500 metres to the southeast
and northeast.
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• Detail mapping of the phyllic alteration over the volcanic cap (lithocap) using pathfinder
alteration minerals and the relative amounts of porphyry copper system vein types, to
define specific drill targets.
• Commence drilling into the deeper core of the potassic alteration window (where current
road cut sampling exists), as well as selected locations within the volcanic cap to test for
mineralization suspected to occur beneath.
The Company plans to initiate the exploration programs as indicated. A more precise timetable
of events will be disclosed over the next few weeks.
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 strategic project generation program focused on high -caliber, low
acquisition cost opportunities in the North-western Mexico. The Company has a committed
management team with extensive experience in Mexico and a proven track record of building
shareholder value. San Marco currently has 56,201,832 issued and outstanding shares.
On behalf of the Board of Directors,
Robert Willis, P. Eng.
President & CEO
For further information, contact:
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 samples. 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 control of San Marco
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Resources Inc. 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.