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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25,
2008) - Masuparia Gold Corp. ("Masuparia") (TSX VENTURE: MAS.V) is
pleased to announce gold assay results from the 2008 diamond drilling program
on its Tenoriba property in southern Chihuahua State, northwest Mexico. From
January to April, 2008 Minera Masuparia S.A. de C.V. completed a total of
fifteen (15) diamond drill holes totaling 2566.90 metres, within the Dona
Lola, La Falda, West Adularia, East Adularia, Los Hilos and La Ceniza West
areas.
The drill program was primarily designed to test for
mineralization beneath geochemical anomalies in the more accessible parts of
the project area. The following anomalies were tested: La Falda and Los Hilos
(four holes each), La Ceniza West (three holes), East La Adularia (two
holes), and on Dona Lola and West La Adularia (one hole each).
Due to difficult ground conditions, holes 1, 12, 13,
14 and 15 were abandoned before reaching their target depths.
All fifteen drill holes intersected anomalous gold
values, often over wide intervals. Those reporting greater than 0.4 g/t over
at least 0.5 metres are deemed significant and are summarized in Table 1
below. Drill collar locations, bearings and dips are detailed in Table 2.
Some significant highlights are (all widths are drilled widths):
- Drill hole TDH-07 intersected 16.00 metres, from
35.0 to 51 metres, averaging 0.49 g/t Au (interval 1 Table 1) and intersected
3.70 metres, from 61 to 64.7 metres, averaging 5.33 g/t Au, including a 1.90
metre interval that assayed 45.90 g/t Au (interval 1ii) which was cut to 10
g/t Au for reporting above average calculations.
- Drill hole TDH-11 intersected 39.70 metres
averaging 0.48 g/t Au (interval 2 Table 1), from 27.30 to 67.0 metres down
hole, including 8.20 metres (interval 2i Table 1) averaging 1.45 g/t Au. Deeper downhole, 34.40 metres were intersected averaging
1.03 g/t Au (interval 3 Table 1) beginning at 110 metres and including 7.40
metres averaging 2.82 g/t Au (interval 3i Table 1) and 9.40 metres averaging
1.37 g/t Au (interval 3ii Table 1). Starting at 161.00 metres, 4.00 metres
averaging 1.24 g/t Au were intersected (interval 4 Table 1), and finally from
185.0 metres there were 13.80 metres averaging 0.60 g/t Au (interval 5 Table
1) which includes 1.40 metres averaging 3.64 g/t Au (interval 5i Table 1).
- Drill hole TDH-12 intersected
3.00 metres averaging 1.04 g/t Au from 54.80 metres downhole (interval 1
Table 1), and 2.00 metres averaging 1.43 g/t Au from 129.8 metres (interval 3
Table 1). The hole was abandoned at 131.8 metres still in mineralized rock.
- Drill hole TDH-13 intersected
25.60 metres averaging 0.56 g/t Au from 21.0 metres downhole (interval 1
Table 1).
- Drill hole TDH-14, drilled on the
same setup as TDH-13, intersected 66.0 metres averaging 0.50 g/t Au (interval
1 Table 1) from 4.0 metres downhole, which includes a 16.50 metres
intersection averaging 1.00 g/t Au starting at 9.00 metres downhole (interval
1i Table 1).
- Drill hole TDH-15, drilled 80
metres north and 40 metres higher than TDH-11, intersected 12 metres
averaging 0.64 g/t Au beginning at 50.00 metres downhole (interval 1 Table
1), and 2.06 metres averaging 2.77 g/t Au from 110.80 metres downhole
(interval 2 Table 1).
Table 1. Composited, Significant Fire Assay Gold Results for the Tenoriba Project --------------------------------------------------------------------- Interval Au g/t Hole ID Interval From To Length Fire Assay --------------------------------------------------------------------- TDH-01 1 3.50 14.70 11.20 0.54 TDH-02 1 3.26 4.40 1.14 3.18 2 57.35 58.85 1.50 1.60 TDH-04 1 103.00 110.00 7.00 0.46 TDH-07 1 35.00 51.00 16.00 0.49 2 61.00 64.70 3.70 5.33 Incl (ii) 62.80 64.70 1.90 45.90 3 120.50 132.00 11.50 2.26 Incl (i) 129.50 132.00 2.50 9.21 TDH-10 1 108.70 109.70 1.00 1.04 TDH-11 1 4.00 11.00 7.00 0.55 2 27.30 67.00 39.70 0.48 Incl (i) 40.80 49.00 8.20 1.45 3 110.00 144.40 34.40 1.03 Incl (i) 116.80 124.20 7.40 2.82 Incl (ii) 135.00 144.40 9.40 1.37 4 161.00 165.00 4.00 1.24 5 185.00 198.80 13.80 0.60 Incl (i) 185.00 186.40 1.40 3.64 TDH-12 1 54.80 57.80 3.00 1.04 2 119.80 125.10 5.30 0.40 3 (EOH) 129.80 131.80 2.00 1.43 TDH-13 1 21.00 46.60 25.60 0.56 TDH-14 1 4.00 70.00 66.00 0.50 Incl (i) 9.00 25.50 16.50 1.00 2 111.60 116.00 4.40 0.48 TDH-15 1 50.00 62.00 12.00 0.64 2 110.80 112.86 2.06 2.77 --------------------------------------------------------------------- Table 2. Drill hole collar coordinates, dip, azimuth and length (Northings and Easting's are UTM zone 13) --------------------------------------------------------------------------- Eleva- Azimuth Dip Easting Northing tion (degr- (degr- Total Hole ID (m) (m) (m) ees) ees) Depth Target --------------------------------------------------------------------------- TDH-01 259,314 2,921,832 1,465 295 50 59.75 Dona Lola TDH-02 259,710 2,922,596 1,620 280 50 201.15 La Falda TDH-03 259,520 2,922,388 1,555 115 50 203.50 La Falda TDH-04 259,423 2,922,555 1,568 300 50 200.00 La Falda TDH-05 259,416 2,922,572 1,568 115 50 173.50 La Falda TDH-06 259,508 2,923,158 1,807 230 50 229.50 La Falda TDH-07 259,974 2,922,915 1,772 212 60 193.20 La Falda TDH-08 259,676 2,922,942 1,752 293 60 200.40 La Adularia TDH-09 259,674 2,922,832 1,731 275 60 164.00 La Adularia TDH-10 259,681 2,922,830 1,731 74 50 184.50 Los Hilos Ridge TDH-11 259,780 2,922,862 1,758 90 60 203.00 La Falda TDH-12 260,126 2,922,818 1,740 165 50 131.80 La Ceniza TDH-13 260,281 2,922,763 1,731 90 50 142.50 La Ceniza TDH-14 260,272 2,922,760 1,730 164 65 119.70 La Ceniza TDH-15 259,755 2,922,944 1,786 68 60 160.40 Los Hilos ---------------------------------------------------------------------------
The Tenoriba property is within the
Sierra Madre Occidental volcanic-intrusive province. It is characterized by
the Lower Volcanic Super Group volcanic rocks, which are intruded by
granodioritic stocks and are overlain by the Upper Volcanic Super Group
consisting of rhyodacitic to rhyolitic ignimbrites and associated tuffs, and
minor lava flows. Economically, the highest potential for the property
appears to be the contact zone between the partially overlying Lower Volcanic
Super Group rocks (to the west, north and south), and the porphyritic
granodioritic to dioritic intrusive rocks (to the south) where a greater than
7 by 5 km, strong alteration zone hosting the gold mineralization occurs.
This drilling program confirmed
that gold values are preferentially located within intensely
hydrothermal-altered rhyolitic tuffs that belong to the Lower Volcanic
Supergroup. Those rocks are strongly fractured and have strong argillic and
silica alteration with abundant disseminated pyrite and minor later stage
quartz veining and silicification. Higher Gold assays appear to be related to
steeply dipping, silicified structural zones, with some dissemination into
the country rock. The drilling confirmed a mineralized zone 600 by 150 metres
wide tested area, which is open.
Core samples from the 2008 drill
program were delivered from the drill into a secure core processing facility.
Samples were prepared by splitting the core using a diamond saw, keeping one
half of the core for reference purposes, doing sample preparing of one-half
the sampled HQ core at Chemex preparation facilities in Chihuahua, Mexico,
and assaying the pulp in Vancouver, BC. Assay results for gold were
determined by fire assay. In addition to quality control by TSL Laboratories,
Masuparia inserts Certified Reference Materials and blanks into sample
batches for independent verification of quality control.
The technical material contained in
this release has been reviewed and approved by Leopold J. Lindinger, P.Geo.,
Masuparia's independent qualified person for the Tenoriba-Sucara project,
under National Instrument 43-101 guidelines.
ON BEHALF OF THE BOARD
David Baker, President
This press release contains
"forward-looking information" that is based on Masuparia's current
expectations, estimates, forecasts and projections. This forward-looking
information includes, among other things, statements with respect to
Masuparia's mineral discoveries, plans, outlook and business strategy. The
words "may", "would", "could",
"should", "will", "likely", "expect,"
"anticipate," "intend", "estimate",
"plan", "forecast", "project" and
"believe" or other similar words and phrases are intended to
identify forward-looking information.
Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may
cause Masuparia actual results, level of activity, performance or
achievements to be materially different from those expressed or implied by
such forward-looking information. Such factors include, but are not limited
to: uncertainties related to drilling results; the ability to raise
sufficient capital to fund exploration; changes in economic conditions or
financial markets; changes in prices for Masuparia's mineral products or
increases in input costs; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments; technological
or operational difficulties or inability to obtain permits encountered in
connection with exploration activities; and labour relations matters.
This list is not exhaustive of the factors that may
affect our forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on such
forward-looking information. Masuparia disclaims any intention or obligation
to update or revise forward-looking information, whether as a result of new
information, future events or otherwise.
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
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