Cream Minerals Ltd. (TSX-V CMA)
("Cream") is pleased to report that its 100% owned Mexican subsidiary,
Cream Minerals de Mexico S.A. de C.V., has extended the drill contract for an
additional 2,000 metres (m) with an option to increase it to 4,000 m, based
on the favorable results received from the drill program. The objective of the new drill program is
to commence infill drilling between holes DDH 10 06 and DDH 19 06, a
distance of 800 m.
A
total of 20 Diamond drill holes for a total of 3,800 m, out of the originally
planned 4,000 m, have been completed to date on the Dos Hornos Zone 1 at the
Nuevo Milenio Property. DDH 21-06 is
in progress. Assays for DDH 15 - 06
to DDH 18 - 06 are expected to be received within the next two weeks.
The
objective of the drill program is to test the zone to the North and South and
to verify the continuity of Dos Hornos Zone 1 for the 700 m length of the
inferred mineral resources as noted in the NI 43 - 101 report by F. Holcapek,
P.Eng., dated February 16, 2006 (See News Releases Jan. 27, 2006, Feb. 02,
2006, Feb. 28, 2006).
Inferred Mineral Resource
for Dos Hornos Zone:
Strike Length
|
Down Dip
|
Average Width
|
Au g/T
|
Ag g/T
|
SG
|
700 m
|
150 m
|
5.50 m
|
2.827
|
178.05
|
2.65
|
1,530,000 Tonnes, Au: 139,000
oz, Ag: 8,760,000 oz
Recent
Diamond drilling has confirmed that Dos
Hornos Zone 1 has continuity of gold silver mineralization and has extended
Zone 1 from Adit 1 to Mina Santa Gertrudes, a distance of 1,300 m, and is
open to the North and South. It also
confirmed that mineralization occurs over a known vertical height of 385 m (DDH 03-06 intersection at 925
m elevation, to DDH 20-06 outcrop at 1,310 m elevation). The topographic relief along the south
part of Dos Hornos Zone 1 will permit low cost bulk sampling by tunneling
along the zone into the hillside.
Drilling has
shown that Zone 1 is a Vein Fault Breccia zone up to 40 m wide with a
higher mineralized center 8 m to 10 m width.
Core recovery within the mineralized quartz breccia segment of Zone
1 varies from 20% to 80%, hence underground sampling may be expected to give
higher gold-silver values.
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