Virgin Metals Inc.

Published : May 31st, 2007

Reports Additional Drill Results, Including 22m. at 0.78% Mo and 2.08% Cu

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Keywords :   Copper | Diamond | G Mexico | Mexico | Molybdenum | Silver | Tungsten |

Shares Outstanding: 77,269,385

Virgin Metals Reports Additional Drill Results, Including 22m. at 0.78% Mo and 2.08% Cu

Toronto, ON - May 31, 2007 - Virgin Metals Inc. (TSX: VGM) (the Company) reports results for reverse circulation drill holes numbers 52 to 63 in its continuing in-fill and step-out drill program at its 100% owned Los Verdes molybdenum/copper project in northern Mexico. The objective of the drilling is to bring into the resource category mineralization on the recently acquired Bacanora claim and to increase the number of inclined holes throughout to provide improved comparison to earlier drilling. The order of drilling has been dictated to a certain extent by drill road development.

Holes 52, 53 and 55 were drilled to test the lateral extent of mineralization and generated no results of interest. Hole 54 was collared adjacent to previously drilled Hole 3 but was inclined to the south west at -55 degrees targeting the mineralization previously drilled in Hole 5. The significant mineralization intersected will expand the bounds of mineralization towards the Bacanora claim boundary.

Hole 56 was collared at the expected western edge of the Bacanora mineralization and drilled due east at 45 degrees to evaluate the western contact. Modest molybdenum and silver values were intersected over substantial widths. Hole 57 was drilled on the southwest edge of the deposit and final results are pending.
 
Holes 58, 59, 61 and 62 were twins of five scissor holes drilled by earlier operators at a different orientation than our own previous drilling. They confirmed grades shown by the historic drilling with high copper grades in Hole 58 and high copper, molybdenum and tungsten grades in 59.

Holes 60 and 63 were collared in the Bacanora area and extend the known mineralization to the west, confirming grades established in previously drilled Hole 5.

Details of intersection in Holes 54, 56 and 58 to 63 are as follows:

Hole #

Inclination

Total

From

To

Intercept

True Thickness

Mo

Cu

W

Ag

 

 

Depth

(m.)

(m.)

(m.)

(m.)

Total %

%

%

g/t

 

 

 

 

 

 

 

 

 

 

 

LVRC5407

-55

137.16

22.86

134.11

111.25

91.11

0.14

0.96

0.21

5.1

 

 

 

 

 

 

 

 

 

 

 

including

 

 

39.62

118.87

79.25

64.9

0.18

1.20

0.26

6.8

 

 

 

 

 

 

 

 

 

 

 

and

 

 

67.06

118.87

51.81

42.43

0.25

1.55

0.38

9.5

 

 

 

 

 

 

 

 

 

 

 

Hole #

Inclination

Total

From

To

Intercept

True Thickness

Mo

Cu

W

Ag

 

 

Depth

(m.)

(m.)

(m.)

(m.)

Total %

%

%

g/t

 

 

 

 

 

 

 

 

 

 

 

LVRC5607

-55

121.92

71.63

121.92

50.29

41.19

0.09

nil

0.07

22.4

 

 

 

 

 

 

 

 

 

 

 

including

 

 

100.58

121.92

21.34

17.48

0.16

nil

0.10

23.9

 

 

 

 

 

 

 

 

 

 

 

LVRC5807

-50

115.82

18.29

115.82

97.53

74.7

0.10

1.19

0.18

6.2

 

 

 

 

 

 

 

 

 

 

 

including

 

 

18.29

96.01

77.72

59.53

0.09

1.37

0.15

7.3

 

 

 

 

 

 

 

 

 

 

 

LVRC5907

-45

167.64

21.34

123.44

102.10

72.18

0.26

1.09

0.34

7.1

 

 

 

 

 

 

 

 

 

 

 

including

 

 

24.38

88.39

64.01

45.24

0.29

1.41

0.42

8.8

 

 

 

 

 

 

 

 

 

 

 

LVRC6007

vertical

144.78

54.86

121.92

67.06

67.06

0.10

0.65

0.16

7.0

 

 

 

 

 

 

 

 

 

 

 

including

 

 

70.10

121.92

51.82

51.82

0.10

0.83

0.16

7.40

 

 

 

 

 

 

 

 

 

 

 

LVRC6107

-45

76.20

22.86

51.82

28.96

20.47

0.12

0.3

nil

nil

 

 

 

 

 

 

 

 

 

 

 

LVRC6207

-50

166.12

53.34

158.50

105.16

80.55

0.15

0.83

0.09

3.3

 

 

 

 

 

 

 

 

 

 

 

including

 

 

74.68

158.50

83.82

64.21

0.17

0.95

0.11

3.9

 

 

 

 

 

 

 

 

 

 

 

LVRC6307

-45

166.12

60.96

166.12

105.16

74.35

0.27

1.56

0.16

9.1

 

 

 

 

 

 

 

 

 

 

 

including

 

 

103.63

166.12

62.49

44.18

0.41

1.63

0.25

8.0

 

 

 

 

 

 

 

 

 

 

 

including

 

 

123.44

146.30

22.86

16.16

0.78

2.08

0.25

9.6

Note: Intervals where no samples were collected are included as intercepts of 0 grade.
No high values have been cut.

The samples, each representing 1.52 linear meters, were riffle split at the drill with approximately 12% of the recovered material (5 - 10 kg.) placed in a plastic bag and immediately fastened with a security tag. Little moisture has been encountered in drill holes to date resulting in free flowing material of all size fractions. Where moisture was present, a sampling cyclone was utilized with drill cuttings collected in buckets then placed in a large porous bag and immediately fastened with a security tag. The reject material for all samples have also been secured and stored for future use.

The samples were securely stored locally then collected by ALS Chemex personnel and transported to the ALS Chemex laboratory in Hermosillo where sample preparation was performed. All assay work was carried out at the ALS Chemex laboratory in Vancouver, BC.

In addition to the routine quality control work carried out by ALS Chemex, the Company has established a quality control protocol consisting of the routine use of sample duplicates, blank samples and certified sample assay standards obtained from WCM Sales Ltd., Burnaby B.C.

In addition to reverse circulation drilling, the company has drilled an additional 14 Diamond drill holes. These holes are being used primarily for obtaining geotechnical, mineralogical, metallurgical and specific gravity data; samples will be submitted for assay only when this work is complete.

Virgin Metals President Chris Davie said: "This round of drilling is showing the extension of the mineralization onto the Bacanora claim, while showing increased copper grades compared to our previous drilling. It is intriguing that tungsten grades become more significant as we move west, as indicated by historic drilling. The data acquired with the Bacanora claim indicate a discrete zone of tungsten mineralization to the west of the known molybdenum/copper mineralization and we shall test this with our last few holes."

It is anticipated that drilling will be completed in the next few days and that the reverse circulation rig will be mobilized to the Cuatro Hermanos property in early June. Final drill results for Los Verdes should be available in late June and will be incorporated into the model that will form the basis of the ongoing feasibility study.

Virgin Metals is a junior exploration and development company; its projects include two copper/molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is expected to evolve rapidly towards production while the other, Cuatro Hermanos, is expected to be the focus of expanded exploration effort.

This report has been prepared by Mr. Gary Lohman, a Registered Professional Geologist and Qualified Person (QP) as defined by NI 43-101 of the Canadian Securities Administrators. Mr. Lohman is the QP for the Los Verdes exploration program

FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking information" within the meaning of the Securities Act (Ontario), including, but not limited to, statements as to timing and extent of exploration programs and the availability of exploration results. As such, forward-looking information addresses future events and conditions and so involves inherent risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Virgin Metals documents filed from time to time with the Ontario Securities Commission and other regulatory authorities.  Actual results could differ significantly from those currently projected as a result of, among those factors, adverse weather, regulatory changes, delays in receiving permits, accidents and delays in completing exploration activities not all of which are in the control of Virgin Metals. The forward-looking information contained herein is Virgin Metal's reasonable estimate today of future events and conditions, but no assurance can be given that such events or conditions will occur.

For further information, please contact:
Chris Davie, President & CEO   
Phone:  (416) 364-9988

RENMARK FINANCIAL COMMUNICATIONS INC.
BARBARA KOMOROWSKI : BKOMOROWSKI@RENMARKFINANCIAL.COM
NEIL MURRAY-LYON: NMURRAYLYON@RENMARKFINANCIAL.COM 
MEDIA - VANESSA NAPOLI : VNAPOLI@RENMARKFINANCIAL.COM
PHONE:  (514) 939-3989
FAX:  (514) 939-3717
WWW.RENMARKFINANCIAL.COM

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Virgin Metals Inc.

EXPLORATION STAGE
CODE : VGM.TO
ISIN : CA9276922023
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Virgin Metals is a copper and molybdenum exploration company based in Canada.

Virgin Metals holds various exploration projects in Mexico.

Its main exploration properties are LOS VERDES, LOS VERDES COPPER/MOLY and CUATRO HERMANOS in Mexico.

Virgin Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.9 millions, € 1.5 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.97, and its lowest recent point on April 09, 2009 at CA$ 0.01.

Virgin Metals has 49 449 000 shares outstanding.

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Project news of Virgin Metals Inc.
9/11/2008Files Technical Reports on Los Verdes and Cuatro Hermanos
7/28/2008Announces Receipt of a Positive Pre-Feasibility Study on the...
7/10/2008(Cuatro Hermanos)Mineral Resource at Cuatro Hermanos
4/2/2008(Cuatro Hermanos) Extends Limits of Cu-Mo Mineralization at its Cuatro Herman...
2/28/2008(Los Verdes)Releases Updated Los Verdes Resource Estimate
2/14/2008(Cuatro Hermanos)Cuatro Hermanos Drill Program Continues to Delineate Broad Z...
11/7/2007(Los Verdes Copper/moly)Provides Update on Mexico Projects
Corporate news of Virgin Metals Inc.
3/28/2008Announces Filing of its 2007 Year End Disclosure Documents
2/11/2008 Adopts Shareholder Rights Plan and Provides Update on Activ...
12/6/2007 Announces Final Diamond Drill Results from Los Verdes
11/29/2007 Announces Long Intervals of Copper-Molybdenum Mineralizatio...
9/18/2007Announces Board and Management Additions
9/5/2007High Molybdenum Grades Intersected at Cuatro Hermanos
8/8/2007Update on Cuatro Hermanos Property
7/12/2007Drill Results at Los Verdes
7/3/2007Completes Acquisition of Cuatro Hermanos Property
5/31/2007Reports Additional Drill Results, Including 22m. at 0.78% Mo...
5/18/2007Acquires Ownership of Cuatro Hermanos Property
4/23/2007Resumes Drilling at Los Verdes; Reports 39.62m Intercept at ...
4/20/2007Receives Conditional Approval to List on the Toronto Stock E...
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