Santa Barbara Update on Sancos Program
September 07 2010 - 7:30AM
Marketwired
Santa Barbara Resources Limited (TSX VENTURE: SBL) (the "Company")
is pleased to announce that all necessary permitting is in hand for
its October 2010 drill program at the Company's Sancos Project,
Peru. The Company has engaged a contractor that is preparing access
roads and drill sites over the summer months. A deposit has been
paid to secure a drill contractor to conduct a 4,000 metre reverse
circulation drill program to commence in October.
The Sancos Project is located in the Ayacucho Region of Peru.
Principal access roads exist to the defined exploration targets.
The property hosts a large high-sulphidation epithermal gold-silver
mineralized system. To date three gold mineralized areas, Sancos
West, Sancos Central and Sancos East, have been identified by Santa
Barbara's systematic trench and outcrop sampling.
Since optioning the Sancos Project from the Peruvian subsidiary
of Barrick Gold Corporation in August 2009 the Company has
conducted rock sampling in trench and outcrop exposures. All target
zones show significant gold content associated with the presence of
pathfinder elements to high-sulphidation epithermal
mineralization.
Sancos West:
Sancos West covers a surface footprint of approximately 650 m x
160 m. Individual sample values range from 0.05 g/t gold to 2.02
g/t gold with an average grade for 258 samples of 0.40 g/t gold.
Best trench results within broader zones of mineralization
include:
-------------------------------------------------------------------------
Minimum Maximum
Interval Trench Samples (g/t gold) (g/t gold)
-------------------------------------------------------------------------
28.2 m @ 0.88 g/t gold T4W-Vertical 10 0.49 1.80
-------------------------------------------------------------------------
59.8 m @ 0.65 g/t gold T1W-Vertical 27 0.25 1.13
-------------------------------------------------------------------------
34.7 m @ 0.59 g/t gold T3W-Vertical 13 0.22 2.02
-------------------------------------------------------------------------
60.0 m @ 0.69 g/t gold T5W-Horizontal 12 0.38 1.03
-------------------------------------------------------------------------
47.4 m @ 0.67 g/t gold T7W-Horizontal 5 0.53 0.83
-------------------------------------------------------------------------
34.0 m @ 0.65 g/t gold T6W-Horizontal 4 0.54 0.80
-------------------------------------------------------------------------
46.5 m @ 0.60 g/t gold T9W-Horizontal 4 0.52 0.73
-------------------------------------------------------------------------
49.0 m @ 0.56 g/t gold T11W-Horizontal 5 0.50 0.61
-------------------------------------------------------------------------
Sancos Central:
The mineralized envelope at Sancos Central covers an area of 750
m x 200 m. Individual sample values range from below detection
limit to 6.82 g/t gold with an average grade for 261 samples of
0.26 g/t gold. Some intervals may contain minor portions of
colluvium included in the average at zero grade. Best trench
results within broader zones of mineralization include:
-------------------------------------------------------------------------
Minimum Maximum
Interval Trench Samples (g/t gold) (g/t gold)
-------------------------------------------------------------------------
133.6 m @ 1.00 g/t gold T2C-Horizontal 13 0.15 6.82
-------------------------------------------------------------------------
Including:
-------------------------------------------------------------------------
17.0 m @ 4.87 g/t gold T2C-Horizontal 2 2.08 6.82
-------------------------------------------------------------------------
23.2 m @ 0.89 g/t gold T1C-Vertical 10 0.22 6.82
-------------------------------------------------------------------------
Sancos East:
Sancos East represents a series of outcrops over an area of 100
m x 60 m. Individual sample values range from 0.05 g/t gold to 4.22
g/t gold and 0.9 g/t silver to 150.0 g/t silver with an average
grade for 15 samples of 1.23 g/t gold and 63.7 g/t silver. A trench
within the zones of mineralization returned:
--------------------------------------------------------------------------
Minimum Maximum Minimum Maximum
Interval Trench Samples (g/t gold) (g/t gold)(g/t silver)(g/t silver)
---------------------------------------------------------------------------
19.2 m @
1.68 g/t
gold and
110.4 g/t T1E-
silver Vertical 5 0.93 4.22 83.3 150.0
--------------------------------------------------------------------------
High grade areas, such as the trench intervals of 17.0 m @ 4.87
g/t gold in Sancos Central and 19.2 m @ 1.68 g/t gold and 110.4 g/t
silver in Sancos East indicate the presence of significant high
grade zones within the deposit and may play an important role in
the overall economics of a potentially bulk mineable gold
deposit.
Results from preliminary metallurgical tests indicate that the
gold should be easily leached from oxidized rock, even at low
grades. All six samples, ranging from 0.18 g/t gold to 8.65 g/t
gold, showed gold recoveries in excess of 84% in standard bottle
roll tests on material crushed to less than 2 mm.
Additional information can be found in the Technical Report
filed on SEDAR and on the Company's website www.sbr-ltd.com.
The results of the Sancos Project sampling program and the
technical content of this news release have been reviewed by
Stewart Wallis P.Geo., consultant to the Company, who is the
Qualified Person for the Company.
ON BEHALF OF THE BOARD
Christoph Lassl, President and Chief Executive Officer
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: Santa Barbara Resources Limited Christoph Lassl
President and Chief Executive Officer 593-2-2904164 593-2-2556204
(FAX) christoph@santabarbara.com.ec www.sbr-ltd.com
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