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July 16, 2007
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www.creamminerals.com / www.langmining.com
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TSX Venture Exchange -
Symbol:? CMA
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OTC Bulletin Board -
Symbol:? CRMXF
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U.S. 20-F Registration:? 000-29870
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Frankfurt Stock Exchange:? WKN 866036
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(www.finanztreff.de)
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CREAM MINERALS
REPORTS Diamond DRILL SUMMARY ON
NUEVO MILENIO PROPERTY,
MEXICO
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Cream Minerals Ltd. (TSX-V
?CMA?) (?Cream?)
is pleased to provide a progress report on its 100% owned Nuevo Milenio
property, near Tepic, Nayarit State, Mexico.?
In a report dated July 6, 2007, Mr. Fred Holcapek, P.Eng., reported
the following:
Diamond drilling in 2007
concentrated along the southeast section of the Dos Hornos Zone 1 from Trench
4 to south of Mina San Miguel as shown in the attached maps.? A total of 29 Diamond drill holes for a
total of approx. 5,200 m along the Dos Hornos Zone 1 were completed.? The balance of assays for DDH 21-06, DDH
22-06 and all of DDH 07-23 have been received.
Below is a summary of all drill holes (which
includes 2003 drilling) with available assays from Trench 3 to 370 m
southeast of Mina San Miguel, a distance of approximately 950 meters:
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Description
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Sample
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From
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To
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m
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ft
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Au
(g/T)
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Ag
(g/T)
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DDH 11 ? 03?
(Trench 3 Area)
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Vein
1
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199012
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28.00
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30.00
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2.00
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6.56
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0.222
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68.00
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Vein
2 HW of Fault
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199024
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52.00
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54.00
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2.00
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6.56
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0.778
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124.00
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DDH 01 ? 03?
(Trench 3 Area)
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HW of Fault
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104017
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0
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2.00
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2.00
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6.56
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2.945
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144.00
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FW of Fault
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104017 to 139
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192.00
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198.00
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6.00
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19.68
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0.299
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92.97
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Including
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104139
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196.00
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198.00
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2.00
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6.56
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0.651
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200.00
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DDH 02 ? 03?
(Trench 3 Area)
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Weighted Average
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104173
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0.00
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2.00
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2.00
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6.56
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0.845
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326.50
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Zone 2 HW of Fault
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104214 to 216
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82.00
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88.00
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6.00
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19.68
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0.769
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79.97
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Including
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104216
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86.00
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88.00
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2.00
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6.56
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1.729
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147.00
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DDH 10 ? 06?
(Trench 4 Area)
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Weighted
Average
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296396
to 409
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12.50
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40.50
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20.00
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65.60
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0.6145
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77.82
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Including
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296396
to 403
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12.50
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28.50
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16.00
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52.48
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0.755
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86.13
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Including
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296396
to 401
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12.50
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24.50
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12.00
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39.36
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0.926
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106.12
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Including
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296399
to 401
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18.50
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24.50
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6.00
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19.68
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1.474
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158.17
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Including
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296399
to 400
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18.50
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22.50
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4.00
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13.12
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1.276
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216.55
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DDH 11 ? 06?
(Trench 4 Area)
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Weighted
Average
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296431
to 40
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11.30
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31.30
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20.00
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65.60
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0.550
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90.70
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Including
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296436
to 40
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21.30
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31.30
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10.00
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32.80
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0.095
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51.02
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Including
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296431
to 36
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11.30
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23.30
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12.00
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39.36
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0.863
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123.65
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Including
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296431
to 35
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11.30
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21.30
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10.00
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32.80
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1.005
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130.38
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Including
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296431
to 33
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11.30
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17.30
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6.00
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19.68
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1.410
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157.83
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Including
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296431
to 32
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11.30
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15.30
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4.00
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13.12
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1.982
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211.25
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Zone
2
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296447
to 48
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43.70
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47.50
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4.00
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13.12
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0.173
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102.00
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Including
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43.70
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45.70
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2.00
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6.56
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0.315
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153.00
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Zone
3 parallel vein
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296455
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59.20
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61.20
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2.00
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6.56
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10.423
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29.30
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DDH 15 ?
06? Drill core very oxidized
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Weighted
Average
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295526
to 33
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82.10
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97.00
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14.90
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44.28
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0.322
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59.52
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Including
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295529
to 33
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87.00
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97.00
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10.00
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32.80
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0.394
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82.58
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Including
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295529
to 31
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87.00
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93.00
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6.00
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19.68
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0.603
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119.90
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Including
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295529
to 30
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87.00
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91.00
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4.00
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13.12
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0.827
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159.75
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Including
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295530
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89.00
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91.00
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2.00
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6.56
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0.934
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221.50
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DDH 16 ? 06? Drill core
very oxidized
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Weighted
Average
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295561
to 63
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73.50
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79.20
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5.70
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18.70
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0.694
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83.98
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Including
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295561 to 62
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73.50
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77.20
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3.70
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12.14
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0.847
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116.29
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Including
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295561
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73.50
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75.50
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2.00
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6.52
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0.800
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206.30
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DDH 20 ? 06? 150 m north of Mina San Miguel
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Weighted
Average
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295675
to 81
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145.30
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158.80
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13.50
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44.28
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1.031
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97.35
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Including
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295676
to 80
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148.80
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158.80
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10.00
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32.80
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1.376
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130.52
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Including
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295676
to 80
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148.80
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156.80
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8.00
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26.24
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1.662
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160.88
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Including
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295676
to 77
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150.80
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156.80
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6.00
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19.68
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1.942
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194.16
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Including
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295676
to 80
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152.80
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156.80
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4.00
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13.12
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2.521
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261.25
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Including
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295678
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152.80
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154.80
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2.00
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6.56
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3.703
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334.50
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DDH 21 ? 06?
Core set up below DDH 20 ? 06.?
Faulted segment gouge, crushed quartz vein
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Weighted
Average
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295699
to 702
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202.00
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208.00
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6.00
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19.68
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0.158
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33.37
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Including
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295699
to 700
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202.00
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206.00
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4.00
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13.12
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0.155
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42.60
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Including
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295699
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206.00
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208.00
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2.00
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6.56
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0.190
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51.00
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DDH 18 ?
06? Tested Mina San Miguel at depth
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Weighted
Average
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295611
to 15
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91.20
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101.20
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10.00
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32.80
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0.798
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88.36
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Including
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295611
to 14
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91.20
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99.20
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8.00
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26.24
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0.959
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107.20
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Including
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295611
to 13
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91.20
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97.20
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6.00
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19.68
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1.223
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140.07
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Including
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295611
to 12
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91.20
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95.20
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4.00
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13.12
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1.783
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203.20
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DDH 19 ? 06? Cut the quartz
zone below Mina Santa Gertrudis, faulted crushed quartz, no significant
assays.
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DDH 19 ? 03? Mina San Miguel southeast of DDH 18-06
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Weighted
Average
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182579
to 84
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34.00
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46.00
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12.00
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39.36
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0.310
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74.12
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Including
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182581
to 84
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38.00
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46.00
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8.00
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26.24
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0.410
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102.88
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Including
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182581
to 82
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38.00
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44.00
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4.00
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19.68
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0.500
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154.50
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Including
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18282
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40.00
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42.00
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2.00
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6.56
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0.670
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182.00
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DDH
22 ? 06? Quartz vein from 96.00 to
103.00 m, faulted, brecciated with minor base metals, oxidized, no
significant value.
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Note:? DDH numbering change after
Hole DDH 22-06.
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DDH 07 ?
23? High-grade
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Weighted
Average
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295758
to 60
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78.6
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82.6
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6.00
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19.68
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1.706
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525.73
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Including
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295758
to 59
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78.6
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82.6
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4.00
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13.12
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2.438
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771.20
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Including
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295759
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80.6
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82.6
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2.00
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6.56
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4.35
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1,388.40
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Major amounts of pyrite
varying in colour from black to brass yellow to silvery, occur as
disseminations, fracture filling and veinlets.? Amounts range from 1% to 30 %, limonite and hematite. Free gold
was observed with pyrite.
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DDH 07 ? 24 & 25? Results
pending.
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DDH 07 ?
26, 27, 28 & 29? Logged and
shipped during the last
week of June for assaying.
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Alteration assemblages
associated with the quartz veins and quartz stock work in the SE segment are
epithermal but of the higher temperature variety.? Along the mineralized section alteration of the wall rock is
argillic, sericite, secondary feldspar, chlorite ? epidote (propylithic) and
silica flooding with or without chalcedony and calcite replacement in
places.? Faulting, brecciation and
micro brecciation is common and extensive.?
The rocks are very porous and have abundant open spaces and cavities.
Several drill holes cut
ash tuffs with silica flooding showing sulphides as dissemination and
veinlets.? At this time, we do not
know if there is a change in grade associated with these ash tuffs.
Mr. Ferdinand (Fred)
Holcapek, P. Eng., is supervising exploration programs on the Nuevo Milenio
Property and is the Company's "Qualified Person" for the purpose of
National Instrument 43-101.? Mr.
Holcapek is responsible for the technical information contained in this news
release.
For more information, including about Cream and
its mineral property interests, please visit Cream?s website ? www.creamminerals.com.
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Frank A. Lang, BA, MA, P.
Eng.
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President & CEO
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For
further information please contact:
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Investor Relations at
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Tel:? (604) 687-4622?? Fax: (604) 687-4212
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Toll
Free:? 1-888-267-1400?? Email:?
info@creamminerals.com
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No regulatory authority has
approved or disapproved the information contained in this news release.
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