Cream Minerals Ltd. (CMA-TSX-V) ("Cream") is pleased to
report that diamond drill results continue to confirm the continuity and
grade of the Dos Hornos Gold-Silver Zone, Nuevo Milenio property, Nayarit
State, Mexico.
Three diamond drill holes, DDH 07-30 to 32, were drilled to confirm
continuity and to trace mineralization intersected in previous holes, DDH
10 -- 06 to DDH 16 -- 06 located nearby. (See news releases dated March
21st, April 17th and May 2nd of 2007).
One of the better sections is found in DDH 07 -- 32 where a drill core
length of 7.80m. (25.6 ft.) averaged 153.95 g/t silver and 0.858 g/t gold
from 96.00 to 103.80 meters depth in the hole. This intersection included
4.00 m (13.12ft) which averaged 296.51 g/t silver and 1.436 g/t gold from
99.80 to 103.80 meters.
Drill hole DDH 07 -- 30 was drilled at -46� approximately 60 m N/W of
previously reported hole DDH 16 -- 06 and cut a wide quartz stockwork fault
zone, but failed to hit the mineralized zone. There were no significant
assays.
Drill hole DDH 07 -- 31 was much more successful. It was drilled at -55� in
the same section as DDH 15 -- 06, approximately 60 m. NW of DDH 07 -- 30. It
intersected a strongly oxidized part of the mineralized quartz vein, just
below a fault zone which moved the mineralization approximately 25m NE and
25m upwards.
Assays for DDH
07-31 are as follows:
DDH 07 – 31
|
Sample #
|
From
|
to
|
m
|
ft
|
Au g/t
|
Ag g/t
|
Weighted
average
|
295561
|
136.00
|
140.00
|
4.00
|
13.12
|
1.260
|
8.70
|
Weighted
average
|
687587 – 88
|
164.00
|
168.00
|
4.00
|
13.12
|
0.660
|
101.50
|
Including
|
687588
|
166.00
|
168.00
|
2.00
|
6.56
|
0.469
|
138.00
|
DDH 07 -- 32 was drilled at -45� approximately 40m from DDH 15 -- 06 where
it intersected a less oxidized mineralized structure over a core length of
29.5 metres. Assays for this hole are as follows:
DDH 07 – 32
|
Sample #
|
From
|
to
|
m
|
ft
|
Au g/t
|
Ag g/t
|
Weighted
average
|
687601 – 15
|
86.00
|
117.50
|
29.50
|
96.76
|
0.536
|
70.19
|
Including
|
687601 – 04
|
86.00
|
94.00
|
8.00
|
26.24
|
1.561
|
69.35
|
Including
|
687606 – 09
|
96.00
|
103.80
|
7.80
|
25.58
|
0.858
|
153.95
|
Including
|
687608 – 09
|
99.80
|
103.80
|
4.00
|
13.12
|
1.436
|
296.51
|
The NI 43 -- 101 report titled, "Geological Report on the Dos Hornos
and Once Bocas Gold Silver Structure, Nuevo Milenio Project" and dated
February 16, 2006 (the "Report"), prepared by Mr. Ferdinand
(Fred) Holcapek, P.Eng. Geology, for the Company will be updated upon
receipt of assays for the recently completed three holes; DDH 07 -- 33, DDH
07 -- 34; and, DDH 07 -- 35. At the time the Report was completed, the Dos
Hornos Zone was known to be 700 metres in length. The Dos Hornos Zone has
now been confirmed for 1,300 meters (3/4 mile) in length and remains open
to the North and South. The Report demonstrated an inferred resource for
the Dos Hornos and Once Bocas Zones, as follows:
Zone
|
Strike Length
|
Down Dip
|
Average Width
|
Au g/t
|
Ag g/t
|
S.G
T / cu.m
|
Dos
Hornos
|
700 m
|
150 m
|
5.50 m
|
2.827
|
178.05
|
2.65
|
Once
Bocas
|
350 m
|
125 m
|
100 m
|
0.345
|
57.90
|
2.65
|
Dos
Hornos:
|
1,530,000 Tonnes
|
Au: 139,000 oz
|
Ag: 8,760,000 oz
|
Once
Bocas
|
11,590,000 Tonnes
|
Au: 129,000 oz
|
Ag: 21,580,000 oz
|
Total
|
13,120,000 Tonnes
|
Au: 268,000 oz
|
Ag: 30,340,000 oz
|
Mr. Ferdinand (Fred) Holcapek, P.Eng. Geology, is supervising the
exploration programs on the Nuevo Milenio property and is the Company's
"Qualified Person" for the purpose of National Instrument 43 --
101. Mr. Holcapek is responsible for the technical information contained in
this news release, which has been vetted by Dr. A. D. Drummond, Ph.D.
P.Eng., consultant to the Company.
Frank A. Lang, BA, MA, P.Eng.
President and CEO
For further information, please contact:
Robert Paul, Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400
Email: info@creamminerals.com,
or visit the Company's website: www.creamminerals.com
or
Catarina Cerqueira
CHF Investor Relations
Phone: (416) 868-1079, Ext. 251
Email: catarina@chfir.com
The TSX Venture
Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of the contents of this News Release. This release has
been prepared by management and no regulatory authority has approved or
disapproved the information contained herein.