Tuesday, January 08, 2008
Gold Discovery At San Roque
DH-51 CUTS 126 METERS GRADING 0.74 GRAMS/TON GOLD
SPOKANE, WASHINGTON - JANUARY 8, 2008: MARIFIL MINES LTD. (MFM: TSX-V) ("Marifil" or "the Company") announces that drill holes 50 and 51 both cut thick gold intercepts in the Company's San Roque base metal project.
Hole 50 cut 122.6 metres (m) at 0.34 grams per ton (g/t) from 24.4 m to 147 m and Hole 51 cut 126 m of 0.74 g/t gold from 7.0 m to 133.0 m. Both holes also cut significant amounts of silver, indium, lead, and zinc but complete assays from these metals are still in progress.
Holes 50 and 51 were drilled to test a gold, silver, lead, and zinc target cut by MIM Drill Hole SRDD-8 (MIM is now a subsidiary of XSTRATA plc ) (see Marifil News Release dated June 18, 2007). Hole 50 is located 67 m northeast of SRDD-8 and Hole 51 is located 40 m southwest of SRDD-8. All three holes are drilled to the southwest and are sub-parallel.
These two drill holes are significant as they are located about 1,200 m southeast of the Del Indio breccia target and cut similar rocks. The significance is that the gap between is highly prospective; a theory bolstered by Induced Polarization evidence.
Mr. John Hite, President of Marifil says, "San Roque is starting to look like a huge discovery. We now believe that the ore target is more than 1,200 meters in diameter and is open-ended in every direction. We believe the deposit is hosted by a large diatreme or volcanic crater. "
Marifil has drilled 51 holes and all contain significant amounts of gold, silver, indium, lead, and zinc. Marifil's exploration model is similar to GOLDCORP INC.'s Penasquito deposit in Zacatecas State, Mexico.
This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.
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Contacts: John Hite, President (509) 467-5200
Paul Searle, Investor Relations email@example.com, Vancouver, B.C. Tel (604) 461-1117