Sunward Reports Further Progress from Drilling at Titiribi
Sunward Resources Ltd. (SWD.TO) announced successful results from its infill and step-out drilling at the Cerro Vetas zone at the 100%-owned Titiribi Project located approximately 70 kilometers southwest of Medellin, Colombia.
Eleven drill rigs operated on the property on a round-the-clock basis between November 2011 and April 2012. Currently, there are 4 rigs operating on the property. Results to date suggest considerable further expansion and enhancement of the known mineralized bodies, which currently host an NI 43-101 compliant Measured and Indicated Mineral Resource of 4.58 million ounces gold (within 275.4 million tonnes grading 0.52 grams per tonne gold and 0.17% copper, using a 0.3 grams per tonne gold cut-off), along with an additional Inferred Mineral Resource of 6.44 million ounces gold (within 359.6 million tonnes grading 0.56 grams per tonne gold using a 0.3 grams per tonne gold cut-off.
The holes reported in this news release were drilled subsequent to the most recent NI 43-101 published resource statement. This drilling represents a portion of the planned 2012 - 40,000 metre drill program. Assays from further holes will be released as they become available.
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