MONTREAL, QUEBEC, CANADA (FRANKFURT: N6M) ("Normabec" or "the Company"), through its wholly owned Mexican subsidiary Minera Real Bonanza S.A. de C.V. ("MRB"), is pleased to announce the latest results from its Phase 1 diamond drilling program on the Real de Catorce project located in the state of San Luis Potosi in north-central Mexico.

It should be noted that, given that these results were just received, they are not included in the resource estimate of 33 million ounces released on June 19th (see details below)

UNDERGROUND DRILLING

Results were obtained from a distinct hangingwall vein in hole VMP-19, from the Refugio Vein in hole VMP-27 and from the Veta Madre Vein in hole VMP-29. It is important to note that the intersection in hole VMP-29 is the deepest one ever drilled on that structure, indicating that it is still well open at depth. Interestingly, the gold content is significantly higher in this hole than in any other hole drilled so far on the project.


---------------------------------------------------------------------------
HOLE      FROM      TO  LENGTH         Ag          Pb     Zn     Comments
            (m)     (m)     (m)    g/t    oz/t      %      %
---------------------------------------------------------------------------
                                                                Hangingwall
VMP-19  250.95  252.65     1.7  18 728  546.32  11.97  11.52   vein to Veta
                                                             Madre (massive
                                                                 sulphides)
VMP-27    51.5   53.25    1.75     216    6.30                 Veta Refugio
                                                                 Veta Madre
VMP-29  356.17  361.85    5.68     229    6.68    1.4    2.3        deepest
                                                               intersection
                                                              (0.47 g/t Au)
---------------------------------------------------------------------------

Results from hole VMP-19, although not representative of the overall grade of that structure, clearly indicate the potential for bonanza grades on the property.

SURFACE DRILLING

Some of the results for holes VMS-36, 38, 39 and 41 which tested Veta Madre were released in May 2008; those which were pending have now been received and combined results are presented in the table below. Also, complete results from hole VMS-37, drilled later in the sequence, have also been received. The former four holes returned intersections much wider than expected, hence adding significant tonnage to the resource estimate published last June.


---------------------------------------------------------------------------
HOLE       FROM       TO   LENGTH        Ag              Comments
             (m)      (m)      (m)   g/t   oz/t
---------------------------------------------------------------------------
VMS-36    199.6    207.5      7.9    279   8.14   Updated from May
VMS-37   176.85   193.12     9.61    244   7.12   Veta Madre, partially
                                                  mined out
VMS-38    95.38   110.03    14.65    359  10.47   Updated from May
VMP-39   116.28    123.9     7.62  2,131  62.16   Updated from May
VMS-41    95.45    100.1     2.75    184   5.37   Hangwingwall vein to
                                                  Veta Madre
VMS-41   154.25   170.15     11.9    142   4.14   Updated from May, Veta
                                                  Madre partially mined out
VMS-41   175.95    181.5     5.55    128   3.73   Footwall vein to Veta
                                                  Madre
---------------------------------------------------------------------------

These results are consistent with those previously released from Veta Madre and its subsidiary structures. They attest to the quality of the resource on the property as well as to the potential to increase it further. True width of Veta Madre is estimated at approximately 5.0 metres.

The company is now gearing up for the Phase 2 drilling program on Veta Madre. This phase will consist of 5,000 metres of surface drilling on a 100 metre X 100 metre grid. The objective of this program is to test and hopefully confirm the presence of the structure, at depth, over an additional strike length of approximately 1,000 metres. The Phase 1 drilling program has already confirmed the presence of the structure to a depth exceeding 700 metres in the sector of the Purisima oreshoot.


The 2008 43-101 Resource Estimate consisted of:
   Measured:                2.6 MT grading 221 g/t Ag, 18.6 M oz Ag
   Indicated:               1.0 MT grading 321 g/t Ag, 10.2 M oz Ag
   Measured in tailings     1.4 MT grading 90 g/t Ag,   4.1 M oz Ag
                                                       ------------
                                   Total:              32.9 M oz Ag

Samples were prepared and assayed at Chemex Lab of Guadalajara, Mexico. Methods used are Au-ICP21 for gold and ME-ICP41 for multi elements including silver. Detection limits for Ag are 0.2 - 100 ppm. Silver values higher than 100 ppm are submitted to method AG-AA46 consisting of aqua regia digestion with ICP-AES or AA finish (up to 1,500 ppm Ag). QA/QC was performed using two silver standards and one blank being introduced alternatively (every 25 samples). Duplicates are being performed by the laboratory.

This press release was reviewed and approved by Pierre O'Dowd, Qualified Person, as defined by NI 43-101 of the Canadian Securities Administrators.

Normabec is a junior mining exploration company with a portfolio of advanced projects including: the Pitt Gold project in Quebec and Real de Catorce Silver project in Mexico.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contacts: Normabec Mining Resources Ltd. Robert Ayotte President 450-441-9177 info@normabec.com www.normabec.com Normabec Mining Resources Ltd. Louis Morin Director of Investor Relations 514-591-3988 louis.morin@normabec.com

Normabec Mining Resources Com Npv (TSXV:NMB)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Normabec Mining Resources Com Npv Charts.
Normabec Mining Resources Com Npv (TSXV:NMB)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Normabec Mining Resources Com Npv Charts.