San Marco Resources Provides Mexico Update; Down 9%


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San Marco Resources Inc. (SMN.V) announced the results of the first 7 drill holes of the company's maiden exploration drill campaign, at the Angeles property in northern Sonora state, Mexico.

Exploration at Angeles commenced during the summer of 2012, and resulted in discovery of the mineralized Angeles fault structure over approximately 3,000 metres of strike length. Assay results of surface sampling and from historic underground workings have been previously disclosed by the company.

Drilling was initiated at the Bonanza zone in April, 2013, where 7 planned holes have now been completed. All drill holes intersected the main Angeles structure and contain gold, silver, copper, lead and zinc mineralization. Of particular note, drill holes AD13-03 and AD13-07 are the deepest down dip intersections below surface (about 160 metres), and exhibit the most intense host rock brecciation, hematitization, crackle breccia and silicification, corresponding to the highest gold, silver and base metal grades.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

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