Canplats Resources Corp.

Published : January 19th, 2009

Positive Initial Metallurgical Results From Camino Rojo Project

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Keywords :   G Mexico | Gold | Mexico | Silver |

Re:        News Release - Monday, January 19, 2009
Title:     Positive Initial Metallurgical Results From Camino Rojo Project

Vancouver, B.C. - Canplats Resources Corporation (TSX Venture: CPQ) is pleased to announce the results of 18 column leach tests from the Represa Zone at its 100% owned Camino Rojo project located in the State of Zacatecas, Mexico. These test results indicate that near-surface oxide mineralization at the Represa Zone is amenable to simple and cost effective heap leach processing methods.

Highlights of the column leach tests indicate:

  • Gold recoveries are relatively insensitive to crush size and average 76% for oxide mineralization at a comparatively coarse 3/4 inch feed size

  • Gold recoveries of up to 62% from transitional oxide/sulphide mineralization; and

  • Moderate cyanide and lime consumption
The column tests were completed by SGS Minerals Services in Durango Mexico, a subsidiary of SGS Lakefield Research Laboratory. Column tests were conducted over a 95 day period using samples from large diameter drill core crushed to feed sizes varying from 1 1/2 inches to 3/8 inches.

Oxide Column Test Results:

Column

Crush Size
(inches)

Calculated Head Grade

 

Extraction

 

 

Consumption

 

Gold (g/t)

Silver (g/t)

Gold
(%)

Silver
(%)

NaCN
(kg/T)

CaO
(kg/T)

CRM-06-1

1 1/2

0.672

8.27

72.59

12.84

0.66

2.29

 

3/4

0.603

9.36

73.31

14.91

0.87

3.34

 

3/8

0.537

9.00

73.65

19.02

0.81

4.28

 

 

 

 

 

 

 

 

CRM-06-2/3

1 1/2

1.952

10.63

83.66

12.05

0.79

2.36

 

3/4

1.794

11.51

86.60

21.23

0.99

2.81

 

3/8

1.795

11.58

86.49

25.27

1.23

4.60

 

 

 

 

 

 

 

 

CRM-14-1

1 1/2

0.508

19.24

62.14

30.39

0.78

3.00

 

3/4

0.486

18.01

64.14

32.29

0.62

3.30

 

3/8

0.486

18.01

61.81

28.06

0.91

4.30

 

 

 

 

 

 

 

 

CRM-20-1

1 1/2

0.369

14.09

65.15

23.16

0.58

2.63

 

3/4

0.338

17.94

78.08

23.21

0.55

2.31

 

3/8

0.359

15.26

74.81

30.88

0.71

3.55

Transitional Column Test Results:

Column

Crush Size
(inches)

Calculated Head Grade

 

Extraction

 

 

Consumption

 

Gold (g/t)

Silver (g/t)

Gold
(%)

Silver
(%)

NaCN
(kg/T)

CaO
(kg/T)

CRM-14-2

1 1/2

0.431

15.51

34.74

33.71

0.67

1.59

 

3/4

0.446

13.63

36.35

38.95

0.61

1.44

 

3/8

0.387

15.33

33.13

44.15

0.81

2.53

 

 

 

 

 

 

 

 

CRM-20-2

1 1/2

0.593

21.51

55.20

30.54

0.54

1.55

 

3/4

0.585

28.58

62.39

31.74

0.47

1.48

 

3/8

0.589

22.35

60.51

50.87

0.84

2.83


Additional testwork is planned for both oxide and transitional mineralization, as well as initial metallurgical studies for sulphide mineralization.

A recent independent resource estimate confirmed measured and indicated resources of 3.44 million ounces of gold and 60.7 million ounces of silver at the Represa Zone, with additional inferred resources of 0.56 million ounces of gold and 7.6 million ounces of silver. Mineralization remains open for further expansion in both strike directions and to depth. Reconnaissance exploration is underway to identify new target areas within the 340,000 hectare (more than 1,300 square mile) Camino Rojo property.

The Represa Zone is situated in flat terrain within an area of excellent infrastructure, less than 5 kilometers from a paved highway and high voltage power lines. It is located 50 kms to the southeast of Goldcorp's large-scale Penasquito Mine.

Ken McNaughton, P. Eng., is the qualified person responsible for the Camino Rojo exploration program. For further information, please contact:


Corporate Information:
Canplats Resources Corporation
R.E. Gordon Davis
Chairman and C.E.O.
Direct: (604) 629-8292

Canplats Resources Corporation
Bruce A. Youngman
President and C.O.O.
Direct: (604)-629-8293

Investor Inquiries:
Blaine Monaghan
Director, Investor Relations
Direct: (604) 629-8294
Toll-Free: (866) 338-0047
info@canplats.com
http://www.canplats.com

G2 Consultants Corporation
NA Toll-Free: (866) 742-9990
Tel: (604) 742-9990
Fax: (604) 742-9991
canplats@g2consultants.com


To receive Canplats' news releases by e-mail, contact Blaine Monaghan, Director, Investor Relations, at info@canplats.com or (866) 338-0047. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Some of the statements contained in the company's news releases may be forward-looking statements such as the company's future plans, objectives and goals. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties which could cause actual results to vary considerably from these statements. The risks and uncertainties include general and economic conditions as well as those described in Canplats' SEC Form 20F.

Cautionary note to U.S. investors concerning disclosure of estimates of mineral resources and contained ounces of gold and silver: The terms "measured resource", "indicated resource" and "inferred resource" used in this news release are Canadian geological and mining terms as defined in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council as may be amended from time to time by the CIM. We advise U.S. investors that while such terms are recognized and permitted under Canadian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in the measured and indicated categories will ever be converted into reserves. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists, or is economically or legally mineable. Disclosure of gold and silver resources expressed in ounces in the mineral resource categories in this news release are in compliance with National Instrument 43-101, but does not meet the requirements of Industry Guide 7, Description of Property by Issuers Engaged or to be Engaged in Significant Mining Operations, of the SEC, which will accept only the disclosure of tonnage and grade estimates for non-reserve mineralization.


Copyright � 2009 CANPLATS RESOURCES CORPORATION. (CPQ) All rights reserved. For more information visit our website at http://www.canplats.com/ or send email to info@canplats.com ..

<
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Canplats Resources Corp.

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Canplats Res. is a zinc and lead development stage company based in Canada.

Canplats Res. develops zinc, lead, gold and silver in Mexico, and holds various exploration projects in Mexico.

Its main asset in development is CAMINO ROJO in Mexico and its main exploration properties are MECATONA, EL RINCON MEXICO, MAIJOMA EL ALAMO, YERBABUENA and RODEO in Mexico.

Canplats Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 274.3 millions as of today (US$ 274.8 millions, € 200.4 millions).

Its stock quote reached its lowest recent point on December 30, 2002 at CA$ 0.04, and its highest recent level on May 30, 2008 at CA$ 5.43.

Canplats Res. has 57 627 000 shares outstanding.

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Annual reports of Canplats Resources Corp.
2007 Annual Report
Project news of Canplats Resources Corp.
5/28/2009(Camino Rojo)New Target Areas Identified and Ground Acquired At Camino Ro...
1/19/2009(Camino Rojo)Positive Initial Metallurgical Results From Camino Rojo Proj...
11/24/2008(Camino Rojo)Camino Rojo Hosts 3.44 Million Ounces Gold Measured & Indica...
Corporate news of Canplats Resources Corp.
2/4/2010New contact information -- Canplats/Camino
1/29/2010Securityholders Approve Transaction With Goldcorp
1/20/2010Independent Proxy Advisory Firm RiskMetrics Recommends Canpl...
1/14/2010Announces Filing of Supplemental Circular in Connection with...
12/24/2009Board Determines that Goldcorp Amending Offer Matches Penmon...
11/16/2009Goldcorp To Acquire Canplats
12/11/2008Adopts Shareholder Rights Plan
11/12/2008Gordon Bogden To Join The Board Of Canplats
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