Galore Advances Exploration Program at Dos Santos
October 05 2011 - 8:00AM
Marketwired
Galore Resources Inc. (TSX VENTURE:GRI) announces the next phase of
exploration at its 100%-owned 15,960-hectare Dos Santos Gold
Project in the Mazapil - Camino Rojo trend of the Concepcion del
Oro mining district. Galore has contracted Geofisica, TMC, S.A. de
C.V., through its Mexico-based subsidiary to conduct a
high-resolution ground magnetic survey over its two most-promising
gold projects; El Alamo and Los Gemelos. Geofisica is expected to
commence the initial survey in ten days and data will be collected
over a two-week period.
In conjunction with previously released trenching results and
geologic mapping, the magnetic survey is expected to better define
subsurface geologic features and refine deeper drilling targets.
Based on identified drill targets, Galore will execute shallow,
close-spaced drilling at El Alamo with a conventional track-mounted
drill rig. Deeper drilling may commence as targets are defined by
the magnetic survey. The specific details of the drill program will
be announced after the results of the magnetic survey are
complete.
The initial survey lines will be completed on 200-metre spacing
and readings will be taken every 12.5 metres for a total of 75 line
kilometers. Infill lines at 100-metre spacing will be surveyed, if
justified to better resolve drilling targets. The main emphasis of
the magnetic survey will be the El Alamo and the Los Gemelos gold
targets. In addition to the El Alamo and the Los Gemelos gold
targets, a significant portion of unexplored ground will be
surveyed and, therefore, new targets may be encountered in areas
covered by alluvial gravels.
El Alamo Project:
Galore has completed extensive trenching and geological mapping
at El Alamo with encouraging gold assays. The best results include
54 meters of 0.97 g/t gold. It is interpreted that the main area of
gold mineralization at El Alamo measures over 500 metres long and
up to 110 metres wide. The mineralization remains open at depth and
in at least two directions. It is also known that a deeper
intrusive body underlies at least part of the San Jose - El Alamo
gold trend. The magnetic survey is designed to define the sharp
magnetic contrast between the carbonate sediments and igneous
intrusives and is expected to confirm the extent of potential
mineralization associated with the buried contact zones.
Los Gemelos Project:
"Los Gemelos" (The Twins), is a pair of hills protruding above
the desert pediment with no other bedrock exposures nearby. There
is an old mill site and both hills have scattered diggings where
artisanal mining exploits free gold from near surface exposures of
skarn mineralization and gold veins associated with igneous
intrusives in contact with carbonate sediments. Galore conducted
limited trenching in 2008 at Los Gemelos with assay results up to
34.3 g/t gold over 1.7 metres. Although Los Gemelos requires
further exploration to identify potential gold findings it
continues to be mined by artisanal miners who recover coarse free
gold by panning hand-crushed vein material. Due to limited bedrock
exposure at Los Gemelos, the magnetic survey will provide valuable
geological information below the twin hills and especially the
pediment covered surroundings for the follow-up drill program.
The Dos Santos exploration program is being run by Ing. Octavio
Gonzalez, as Galore's Vice-President of Exploration for Mexico and
managed by Terry Brown who was recently appointed as VP Exploration
for the company, Brown is Galore's Qualified Person as defined by
NI 43-101 and has approved this News Release.
Galore Resources is a British Columbia-based exploration company
that has assembled a leading group of industry professionals to
acquire and explore for promising deposits with an emphasis on gold
in Mexico and base metals in British Columbia.
Michael Byrne, President
Cautionary Note Regarding Forward-Looking Information: The
Company expressly warns readers not to rely on the information
herein for investment or other related purposes. Accordingly, any
use of this information is at your own risk and without liability
to the company. The information contained herein is not, and under
no circumstances is to be construed as either a public or a private
offer or solicitation to purchase securities in the capital stock
of Galore Resources Inc. The reader is referred to his/her
professional investment advisor regarding investment or related
decisions respecting the securities of the company. No securities
commission or similar regulatory authority has passed on the merits
of or reviewed the information contained herein.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Galore Resources Inc. Erica C Bearss, MBA Vice
President Corporate Communications 604-374-1107 or Toll Free:
1-877-647-2298 604-647-0086 (FAX) Skype:
1-206-388-2423ebearss@galoreresources.com /
www.galoreresources.com
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