SAMEX Makes Multiple Copper-Gold-Silver Intercepts & Further Defines Target at El Gringo
May 30 2013 - 4:08PM
Marketwired Canada
SAMEX Mining Corp. (TSX VENTURE:SXG)(OTCQB:SMXMF) continues to advance its
exploration at the El Gringo copper-gold-silver prospect, located within its
100% owned Los Zorros district in Chile. The company recently received back
numerous lab assays which have given the geological team a wealth of knowledge
regarding the prospect. Highlighted immediately below are the notable
copper-gold-silver intercepts from the latest round of drilling:
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El Gringo Table 1 - Notable Intercepts
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Diamond From To Intercept Copper Gold Silver
Drill Hole Final Depth (m) (m) (m) (%) (g/t) (g/t)
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EG-13-003 111.20 69 83 14 1.46 .30 9.94
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EG-13-011 214.90 147 158 11 .40 .26 19.92
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EG-13-023 400.90 356 367 11 .11 .57 29.06
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"It is our opinion that these copper-gold-silver intercepts represent fingers of
a very complex porphyry system with multiple mineralized events intersecting. We
are methodically evaluating and following up on all this data with the goal of
locating the main source of this strong mineralization," notes Juan Carlos Toro
Taylor, Chief Geologist of SAMEX Mining Corp.
Drilling at El Gringo has totaled roughly 3,000 meters to date. Copper, gold,
and silver mineralization is known to occur within the leaching, mixed, and
primary zones. The observed mineralization is very complex, as different types
are present and not confined to any specific domain or host rock.
Please refer to the "Coreshack" section of our website at www.samex.com for the
latest maps, drill result data, and images associated with this press release.
Assays from multiple holes are still pending and will be announced in due course.
Juan Carlos Toro Taylor, M.Sc. Economic Geology, Chief Geologist of SAMEX Mining
Corp., is acting as Qualified Person in compliance with National Instrument
43-101 with respect to this release, and is the person responsible for the
technical content of this news release.
All assay information used in conjunction with this news release was provided by
ALS Minerals, an independent, internationally recognized and ISO certified
laboratory complying with the international standards ISO 9001:2000 and ISO
17025:1999. SAMEX Mining Corp. follows industry standard quality assurance and
quality control procedures for all of its samples, including the insertion of
duplicates and certified standards into the sample analysis stream.
This News Release includes certain "forward looking statements". Without
limitation, statements regarding potential mineralization and resources,
exploration results, future prospects of the Company, and future plans and
objectives of the Company are forward-looking statements that involve various
risks. Actual results could differ materially from those projected as a result
of the following factors, among others: risks inherent in mineral exploration
and grade of ore mined; risks associated with development, construction and
mining operations; the uncertainty of future profitability and uncertainty of
access to additional capital. Except as may be required by law, SAMEX undertakes
no obligation to revise or update any forward-looking information as a result of
new information, future events, or otherwise after the date hereof.
FOR FURTHER INFORMATION PLEASE CONTACT:
SAMEX Mining Corp.
Sasan Sadeghpour
Director, Chairman & Interim Chief Executive Officer
(713) 956-5200, extension 102
2samex@samex.com
www.samex.com
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