Virgin Metals Inc.

Published : December 06th, 2007

Announces Final Diamond Drill Results from Los Verdes

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Keywords :   Copper | Diamond | G Mexico | Mexico | Molybdenum | Tungsten |

Shares Outstanding: 78,951,885

Virgin Metals Announces Final Diamond Drill Results from Los Verdes

Toronto, ON - December 6, 2007 - Virgin Metals Inc. (TSX: VGM) ("Virgin Metals" or the "Company") announces that it has received the final drill results from its 2007 Diamond drill program at its 100% owned Los Verdes molybdenum - copper project in Sonora, northern Mexico. Drilling was carried out in the period March to June 2007, after which the core was subjected to intensive geologic logging, density determination and geotechnical analysis before being submitted for assay. The coarse nature of molybdenum and copper mineralization and the rubbly nature of much of the core dictated whole core sampling. The cores of seventeen holes were submitted for assay and the cores of three holes were retained for visual reference.

Virgin Metals President and CEO Chris Davie said: "All results from drilling at Los Verdes are now received and will be included, together with historic drilling data and adit sampling data, in a final resource model that will form the basis for mine planning and scheduling. Our staff and consultants are now compiling and verifying a data base of all assay, density and geologic data as part of the modeling process. The results from Diamond drilling generally confirm conclusions drawn from reverse circulation drilling but have given a substantially greater insight into the geology of the deposit than was possible from reverse circulation drilling. Other aspects of the Los Verdes feasibility study are now well advanced and we hope to be in a position to announce results early in 2008."

Eight holes for which assays are returned are twins of previously drilled reverse circulation holes. The results of these reverse circulation holes were reported earlier but for ease of reference are included herewith.  Holes LVDD2907, LVDD2907I and LVDDDPC53 were drilled essentially for geotechnical purposes and no significant assay results were returned. Holes LVDD7107, LVDD7207 and LVDD7307 were drilled in the tungsten zone immediately west of the molybdenum/copper mineralization. Hole LVDD0207 was terminated prematurely when it intersected the adit and the hole LVDD0307 was collared somewhat further from its twin than was ideal in order to avoid the adit.

Results of Diamond drill holes returning significant assays are tabulated as follows (previously released twinned reverse circulation holes are included in light type for reference):

Hole #

Inclination

Total

From

To

Intercept

True Thickness

Mo

Cu

W

Ag

 

 

Depth

(m.)

(m.)

(m.)

(m.)

Total %

%

%

g/t

LVDD1A07

vertical

175.20

24.00

91.50

67.50

67.50

0.21

0.88

 

 

including

 

 

24.00

73.50

49.50

49.50

0.28

1.17

 

 

LVRC0106

vertical

172.21

24.38

92.96

68.58

68.58

0.27

1.22

 

 

including

 

 

24.38

74.68

50.30

50.30

0.33

1.51

 

 

Hole #

Inclination

Total

From

To

Intercept

True Thickness

Mo

Cu

W

Ag

 

 

Depth

(m.)

(m.)

(m.)

(m.)

Total %

%

%

g/t

LVDD0207

vertical

76.05

16.50

73.40

56.90

56.90

0.07

0.40

 

 

LVRC0206

vertical

160.02

16.76

73.15

56.39

56.39

0.07

0.46

 

 

 

 

 

 

 

 

 

 

 

 

 

LVDD0307

vertical

173.80

15.00

117.00

102.00

102.00

0.06

1.02

 

 

LVRC0306

vertical

153.92

33.53

137.16

103.63

103.63

0.11

1.29

 

 

 

 

 

 

 

 

 

 

 

 

 

LVDD0507

-45

172.00

25.50

127.50

102.00

72.11

0.08

0.63

 

 

LVRC0506

-45

173.74

27.43

129.54

102.11

72.19

0.18

0.85

 

 

 

 

 

 

 

 

 

 

 

 

 

LVDD1407

vertical

101.30

37.50

101.30

63.80

63.80

0.01

0.05

 

 

LVRC1406

vertical

182.88

38.10

102.11

64.01

64.01

0.01

0.06

 

 

 

 

 

 

 

 

 

 

 

 

 

LVDD14A07

-60

89.40

28.50

64.50

36.00

31.18

0.22

0.28

 

 

including

 

 

42.00

64.50

22.50

19.48

0.29

0.28

 

 

 

 

 

 

 

 

 

 

 

 

 

LVDD1907

vertical

95.80

28.50

69.00

40.50

40.50

0.11

1.22

0.18

4.0

including

 

 

31.50

57.00

25.50

25.50

0.09

1.49

0.11

4.2

LVRC1906

vertical

102.11

28.96

70.10

41.14

41.14

0.07

1.43

0.35

6.5

including

 

 

32.00

57.91

25.91

25.91

0.07

2.02

0.34

7.9

 

 

 

 

 

 

 

 

 

 

 

LVDD19A07

-50

120.90

37.50

40.50

3.00

2.30

0.15

2.98

 

 

 

 

 

 

 

 

 

 

 

 

 

LVDD3507

vertical

100.50

25.50

61.50

36.00

36.00

0.28

0.38

 

 

LVRC3506

vertical

91.44

25.91

60.96

35.05

35.05

0.22

0.37

 

 

 

 

 

 

 

 

 

 

 

 

 

LVDD3607

-50

105.60

25.50

43.50

18.00

13.79

0.12

0.68

0.08

4.6

LVRC3606

-50

91.44

25.91

42.67

16.76

14.51

0.15

0.47

0.05

1.7

 

 

 

 

 

 

 

 

 

 

 

LVDDC23

-45

168.90

51.00

160.50

109.50

77.42

0.12

0.52

0.11

11.1

including

 

 

51.00

72.00

21.00

14.85

0.43

0.23

0.09

28.1

 

 

 

 

 

 

 

 

 

 

 

LVDDDPC53

vertical

169.80

60.00

66.00

6.00

6.00

0.19

0.05

 

 

 

 

 

 

 

 

 

 

 

 

 

LVDD2907I

-45

139.60

106.50

139.60

33.10

23.40

0.05

0.05

0.06

26.6

 

 

 

 

 

 

 

 

 

 

 

LVDD7107

vertical

70.10

39.00

60.00

21.00

21.00

nil

0.10

 

 

LVRC7107

vertical

91.44

39.62

60.96

21.34

21.34

nil

0.08

 

 

 

 

 

 

 

 

 

 

 

 

 

Hole #

Inclination

Total

From

To

Intercept

True Thickness

Mo

Cu

W

Ag

 

 

Depth

(m.)

(m.)

(m.)

(m.)

Total %

%

%

g/t

 

 

 

 

 

 

 

 

 

 

 

LVDD7207

vertical

88.20

0.00

13.50

13.50

13.50

nil

nil

0.10

 

LVRC7207

vertical

77.72

1.52

13.72

12.20

12.20

nil

nil

0.12

 

 

 

 

 

 

 

 

 

 

 

 

LVDD7307

vertical

70.30

0.00

57.00

57.00

57.00

nil

nil

0.25

 

LVRC7307

vertical

76.20

1.52

56.39

54.87

54.87

nil

nil

0.28

 

Core samples, typically representing 1.5 metres of whole core, were placed in plastic bags along with their corresponding sample tag. The bag was then securely fastened with a security tag and both numbers were recorded for reference.  The samples were stored locally until transported to the ALS Chemex laboratory in Hermosillo where sample preparation was performed. All assay work was carried out at the ALS Chemex laboratory in Vancouver, B.C.

In addition to routine quality control work carried out by ALS Chemex, the Company has established a quality control protocol consisting of the routine use of blank samples and certified sample assay standards obtained from WCM Sales Ltd., Burnaby B.C.

This report has been prepared by Mr. Gary Lohman, a Registered Professional Geologist and Qualified Person (QP) as defined by NI 43-101 of the Canadian Securities Administrators. Mr. Lohman is the QP for the Los Verdes exploration program

About Virgin Metals

Virgin Metals is a junior exploration and development company; its projects include two copper/molybdenum porphyry properties in Sonora, northern Mexico.  One of these, Los Verdes, is undergoing a feasibility study and is expected to evolve rapidly towards production while the other, Cuatro Hermanos, is presently the focus of an intense exploration effort.

FORWARD-LOOKING STATEMENTS
This press release includes certain "forward-looking information" within the meaning of the Securities Act (Ontario), including, but not limited to, statements as to timing and extent of exploration programs and the availability of exploration results. As such, forward-looking information addresses future events and conditions and so involves inherent risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Virgin Metals documents filed from time to time with the Ontario Securities Commission and other reg ulatory authorities.  Actual results could differ significantly from those currently projected as a result of, among those factors, adverse weather, regulatory changes, delays in receiving permits, accidents and delays in completing exploration activities not all of which are in the control of Virgin Metals. The forward-looking information contained herein is Virgin Metal's reasonable estimate today of future events and conditions, but no assurance can be given that such events or conditions will occur.

FOR FURTHER INFORMATION, PLEASE CONTACT:
VALERIE KIMBALL, INVESTOR RELATIONS
EMAIL: VKIMBALL@VIRGINMETALS.COM    
PHONE: (303) 703 1210

RENMARK FINANCIAL COMMUNICATIONS INC.
BARBARA KOMOROWSKI : BKOMOROWSKI@RENMARKFINANCIAL.COM
NEIL MURRAY-LYON: NMURRAYLYON@RENMARKFINANCIAL.COM 
MEDIA - VANESSA NAPOLI : VNAPOLI@RENMARKFINANCIAL.COM
PHONE:  (514) 939-3989
FAX:  (514) 939-3717
WWW.RENMARKFINANCIAL.COM

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Virgin Metals Inc.

EXPLORATION STAGE
CODE : VGM.TO
ISIN : CA9276922023
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Virgin Metals is a copper and molybdenum exploration company based in Canada.

Virgin Metals holds various exploration projects in Mexico.

Its main exploration properties are LOS VERDES, LOS VERDES COPPER/MOLY and CUATRO HERMANOS in Mexico.

Virgin Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.9 millions, € 1.5 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.97, and its lowest recent point on April 09, 2009 at CA$ 0.01.

Virgin Metals has 49 449 000 shares outstanding.

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Project news of Virgin Metals Inc.
9/11/2008Files Technical Reports on Los Verdes and Cuatro Hermanos
7/28/2008Announces Receipt of a Positive Pre-Feasibility Study on the...
7/10/2008(Cuatro Hermanos)Mineral Resource at Cuatro Hermanos
4/2/2008(Cuatro Hermanos) Extends Limits of Cu-Mo Mineralization at its Cuatro Herman...
2/28/2008(Los Verdes)Releases Updated Los Verdes Resource Estimate
2/14/2008(Cuatro Hermanos)Cuatro Hermanos Drill Program Continues to Delineate Broad Z...
11/7/2007(Los Verdes Copper/moly)Provides Update on Mexico Projects
Corporate news of Virgin Metals Inc.
3/28/2008Announces Filing of its 2007 Year End Disclosure Documents
2/11/2008 Adopts Shareholder Rights Plan and Provides Update on Activ...
12/6/2007 Announces Final Diamond Drill Results from Los Verdes
11/29/2007 Announces Long Intervals of Copper-Molybdenum Mineralizatio...
9/18/2007Announces Board and Management Additions
9/5/2007High Molybdenum Grades Intersected at Cuatro Hermanos
8/8/2007Update on Cuatro Hermanos Property
7/12/2007Drill Results at Los Verdes
7/3/2007Completes Acquisition of Cuatro Hermanos Property
5/31/2007Reports Additional Drill Results, Including 22m. at 0.78% Mo...
5/18/2007Acquires Ownership of Cuatro Hermanos Property
4/23/2007Resumes Drilling at Los Verdes; Reports 39.62m Intercept at ...
4/20/2007Receives Conditional Approval to List on the Toronto Stock E...
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