Mar 07, 2008
CHIHUAHUA, MEXICO DATE MARCH 7, 2008 -- Mexoro Minerals Ltd. Announces Drill Results From the Cieneguita Project (Trading Symbol: MXOM.OB).
Mexoro Minerals is pleased to announce that it has intersected significant gold and silver mineralization in the Cieneguita project in the Urique District, Chihuahua, Mexico.
The Cieneguita project is located approximately 375 km to the southwest of Chihuahua City and is in the same mineralized trend and only 20 km away from El Sauzal mine.
The exploration activities at Cieneguita completed in July 2007 were focused on a systematic geological mapping and sampling (1:1,000) outlining the main mineralization zone which has been traced in outcrops for approximately 800 meters along strike. During these exploration activities three new high-grade gold areas were identified beyond the know limits of the mineralized zone as stated in previous press releases.
A first phase diamond drilling program initially consisting of 4,000 meters is being carried out to evaluate the Cieneguita project. The drilling program has been designed to:
Up to date we have received complete assay results for the first five drill holes (CI-01 to CI-05) and for the hole CI-06 we received only the gold results. The main intersections of the mineralized zones from each of the holes are detailed below. All intersections are true width. CI-04 did not intersect the structure and returned no economical sections. For the complete detailed drill results and hole locations readers are strongly encouraged to visit our website www.mexoro.com:
Significant mineralized zones in the drilling were intersected by drill holes CI-02, CI-05 and CI-06 as follows:
Drill hole CI-02
11.70 m with 2.58 g/t Au from 12.3 to 24m
Field evidence and drilling results have confirmed that Cieneguita is a system composed by an oxide-mixed ore varying in thickness from 5 to 20 meters and a sulfide zone exhibiting mineralization at 250 meters depth. Gold mineralization at Cieneguita occurs mainly as disseminated and minor proportion structurally-controlled. Mineralization is hosted by breccias and tuffs varying in composition from rhyolite to dacite. The main mineralized and altered zones have been developed to the northwest (PIT-1 area) and southeast (PIT-2 area). These mineralized zones consist mainly of acid-sulphate alteration, including quartz-alunite assemblages exhibiting small and localized areas with residual or vuggy silica. Cieneguita is interpreted to represent a high-sulphidation gold-silver system.
Drilling results have demonstrated the extension of the Cieneguita mineralized system at depth down to 250 meters where mineralization is hosted mainly by sulphides. The mineralization zone is still open to the south and to depth. Drilling program continues and further core drilling is been proposed to define the mineralization where still open in more detail.
Additional information about the Cieneguita project along with the complete assay results for all drill holes are available at our website www.mexoro.com.
Barry Quiroz, MSc., is the qualified person for the Cieneguita Projects. These results have been prepared under the supervision of Barry Quiroz, MSc., who is designated as a Qualified Person with the ability and authority to verify the authenticity and validity of this data. All drill core and rock samples were analyzed by ALS Chemex Labs.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. Forward looking statements in this press release include our belief that our properties are open to depth and open on strike to the south. It also includes our belief that Cieneguita is interpreted to represent a high-sulphidation gold-silver system. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward looking statements.
Mexoro Minerals Ltd.
C. General Retana #706
Col. San Felipe, C.P. 31203
Chihuahua, Chih., Mx
Maria Nordahl, Communication Manager
G.M. Capital Partners, Ltd
Tel: (800) 647-9877