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San Marco Increases Known Size Of Chunibas Breccia Body

San Marco Increases Known Size Of Chunibas Breccia Body 

 

VANCOUVER – San Marco Resources Inc. is renewing surface exploration of its 100% owned Chunibas property, with a focus on mapping the newly discovered intrusive related gold breccia body. Most of the recently completed drill holes bottomed in breccia, with some holes terminating in reasonable gold grades. Early indications suggest the breccia footprint is widespread with large scale potential. The current detailed mapping campaign should give a more accurate indication of the breccia’s lateral extent and its relationship to known mineralization. San Marco has noted that mineralized structures as much as 800 meters west of current drilling have and are being mined by local gambosinos.

It is now apparent that the drill hole collar locations, azimuths and depth of the recently completed six hole program were, essentially, "random" in relation to the newly discovered breccia system’s geometry and zoning since the Phase I drill holes being spotted based on a totally different geological model. Now that the Company recognizes an intrusive hosted gold breccia system with much larger scale potential exists, exploration will concentrate on defining and targeting this new system. Mapping, detailed sampling, review and integration of previous surface soil and rock chip sample data will be used by San Marco’s new team to generate a new geological model and vectoring process to target areas with higher grade potential for future drill campaigns.

To that end, the Company is pleased to have engaged Luciano Bocanegra to lead the team to re-map, sample, generate geological models and complete a vector analysis for the Chunibas property, as well as review similar analysis for the 1068 project. Mr. Bocanegra is currently Manager at Petra GAIA (a spectroscopy and exploration mining consulting company), located in Chile. 

Bob Willis, San Marcos CEO stated, "Our core drilling, the first on the property, has allowed us to recognize a new Intrusive related gold breccia system, the magnitude of which is unknown at this time. The area will be remapped to determine the surface extent of the breccia. Our widely spaced Phase I drill holes indicate the breccia is open to depth and laterally in all directions. While we need to understand zoning and other possible controls on gold emplacement in order to target the best areas in future drilling, we are highly encouraged that most core containing breccia assayed to date exhibits at least anomalous (greater than 50 ppb) gold values. It will be exciting times as we work to define the magnitude of the system, refine and better understand the geological model and locate zones of mineralization with economic interest. San Marco is taking this discovery very seriously and has engaged a team of experts who will immediately create and execute an aggressive exploration program. We are targeting mid-September for the completion of a definitive go forward plan."

 

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