Source Samples 12 Metres of
8.59 g/t Gold, 140.0 g/t Silver and 0.53% Copper at Las Boquillas; Sampling
at Cinco Senores and Area Deposits Confirms Widespread Gold – Silver
–Copper Mineralization
February 2, 2011 – Source Exploration Corp. ("Source" or the
"Company") (TSX-V: SOP) is pleased to announce additional assay
results for its surface and underground rock sampling program at its
recently acquired Las Minas project located in western Veracruz, State,
Mexico. Assay results have been received for sampling at the Las Boquillas,
Cinco Senores, Yanillo and Las Minillas skarn targets as well as the La
Miqueta, San Jose de Oro and El Alto historical mines.
"These recent assay results for the Las Boquillas and Cinco Senores
skarn zones are very encouraging as they confirm the potential for
outlining a bulk tonnage skarn deposits with significant gold, silver and
copper mineralization,” states Brian Robertson, Source's President and
CEO. "Sampling at other target areas on the property has also identified
additional high priority drill targets.” "These early results will
guide our upcoming diamond drilling program, which is scheduled to commence
in February.”
Sampling Results
The samples for Las Boquillas and Cinco Senores were all located within
the Endoskarn, with highlights of recent assay presented in Tables 1 and 2
below. Current work suggests that the Las Boquillas and Cinco Senores
mineralized zones are from the same system. When combined with the El
Dorado and Nopaltepec zones, the indicated strike length of the system is
approximately 2 kilometres, with widths often in the tens of metres. Plan
maps showing the various sites and location of the samples at Las Boquillas
Adit #3 can be viewed on the Company's website at http://www.sourceexploration.com/
– see Project – Maps.
Table 1 Sampling Results Las Boquillas Adit #3
Sample No
|
Location
|
Width (M)
|
Au g/t
|
Ag g/t
|
Cu %
|
Type
|
2528
|
Adit #2 -Surface
|
2.0
|
5.19
|
3.8
|
0.11
|
Endoskarn
|
2529
|
Adit #2 -Surface
|
2.0
|
3.12
|
2.8
|
0.17
|
Endoskarn
|
2530
|
Adit #2 -Surface
|
2.0
|
6.39
|
7.1
|
0.43
|
Endoskarn
|
2532
|
Adit #2 -Surface
|
2.0
|
2.86
|
2.9
|
0.08
|
Endoskarn
|
Total Length & Average
Grade
|
8.0
|
4.39
|
4.2
|
0.20
|
|
|
2533
|
Adit #3 – Surface
|
2.0
|
1.71
|
2.0
|
0.10
|
Endoskarn
|
2534
|
Adit #3 – Surface
|
2.0
|
1.15
|
1.9
|
0.11
|
Endoskarn
|
2535
|
Adit #3 – Surface
|
2.0
|
1.20
|
1.5
|
0.11
|
Endoskarn
|
2536
|
Adit #3 – Surface
|
2.0
|
3.09
|
4.50
|
0.21
|
Endoskarn
|
2537
|
Adit #3 – Surface
|
2.0
|
5.21
|
3.8
|
0.48
|
Endoskarn
|
2538
|
Adit #3 – Surface
|
2.0
|
9.94
|
10.1
|
1.37
|
Endoskarn
|
Total Length & Average
Grade
|
12.0
|
3.71
|
4.0
|
0.40
|
|
|
2539
|
Adit #3
|
2.0
|
5.26
|
4.2
|
0.17
|
Endoskarn
|
2540
|
Adit #3
|
2.0
|
4.20
|
4.0
|
0.17
|
Endoskarn
|
Total Length & Average
Grade
|
4.0
|
4.71
|
4.1
|
0.17
|
|
|
2542
|
Adit #3
|
2.0
|
3.66
|
494.0
|
0.39
|
Endoskarn
|
2543
|
Adit #3
|
2.0
|
5.82
|
282.0
|
0.60
|
Endoskarn
|
2544
|
Adit #3
|
2.0
|
8.65
|
9.2
|
0.44
|
Endoskarn
|
2545
|
Adit #3
|
2.0
|
5.15
|
16.5
|
0.18
|
Endoskarn
|
2546
|
Adit #3
|
2.0
|
16.06
|
19.8
|
0.75
|
Endoskarn
|
2547
|
Adit #3
|
2.0
|
12.22
|
23.2
|
0.72
|
Endoskarn
|
Total Length & Average
Grade
|
12.0
|
8.59
|
140.8
|
0.53
|
|
|
2548
|
Adit #3
|
2.0
|
6.97
|
5.2
|
0.50
|
Endoskarn
|
2549
|
Adit #3
|
2.0
|
0.26
|
0.80
|
0.06
|
Endoskarn
|
2551
|
Adit #3
|
2.0
|
3.09
|
4.5
|
0.09
|
Endoskarn
|
2552
|
Adit #3
|
2.0
|
0.69
|
1.4
|
0.19
|
Endoskarn
|
2553
|
Adit #3
|
2.0
|
0.73
|
1.1
|
0.28
|
Endoskarn
|
Total Length & Average
Grade
|
10.0
|
2.35
|
2.60
|
0.22
|
|
|
2554
|
Adit #3
|
2.0
|
17.93
|
10.9
|
1.18
|
Endoskarn
|
2555
|
Adit #3
|
2.0
|
1.94
|
2.6
|
0.06
|
Endoskarn
|
Total Length & Average
Grade
|
4.0
|
9.94
|
6.8
|
0.62
|
|
|
2556
|
Adit #3
|
2.0
|
24.65
|
10.5
|
0.20
|
Endoskarn
|
2557
|
Adit #3
|
2.0
|
4.22
|
5.5
|
0.23
|
Endoskarn
|
2558
|
Adit #3
|
2.0
|
1.00
|
1.7
|
0.244
|
Endoskarn
|
Total Length & Average
Grade
|
6.0
|
9.95
|
5.9
|
0.22
|
|
|
2559
|
Adit #3
|
2.0
|
8.71
|
9.60
|
1.05
|
Endoskarn
|
2560
|
Adit #3
|
2.0
|
0.05
|
0.70
|
0.08
|
Endoskarn
|
2562
|
Adit #3
|
2.0
|
0.08
|
1.10
|
0.20
|
Endoskarn
|
Total Length & Average
Grade
|
6.0
|
2.94
|
3.8
|
0.44
|
|
|
2563
|
Adit #3
|
2.0
|
1.61
|
1.30
|
0.14
|
Endoskarn
|
2564
|
Adit #3
|
2.0
|
0.38
|
39.7
|
0,08
|
Endoskarn
|
2565
|
Adit #3
|
2.0
|
3.06
|
3.5
|
0.29
|
Endoskarn
|
2566
|
Adit #3
|
2.0
|
2.85
|
4.1
|
0.23
|
Endoskarn
|
2567
|
Adit #3
|
2.0
|
1.32
|
1.9
|
0.15
|
Endoskarn
|
Total Length & Average
Grade
|
10.0
|
1.85
|
10.1
|
0.12
|
|
|
2568
|
Adit #3
|
2.0
|
1.67
|
3.30
|
0.20
|
Endoskarn
|
2569
|
Adit #3
|
2.0
|
1.34
|
39.3
|
0.11
|
Endoskarn
|
2570
|
Adit #3
|
2.0
|
1.47
|
2.10
|
0.04
|
Endoskarn
|
Total Length & Average
Grade 6.0 1.47 14.90 0.12
|
6.0
|
1.47
|
14.90
|
0.12
|
|
Table 2 Sampling Results Cinco Senores
2817
|
Cinco Senores
|
2.0
|
1.12
|
5.6
|
0.14
|
Endoskarn
|
2818
|
Cinco Senores
|
2.0
|
1.38
|
18.0
|
0.52
|
Endoskarn
|
2819
|
Cinco Senores
|
2.0
|
0.39
|
3.1
|
0.15
|
Endoskarn
|
2820
|
Cinco Senores
|
2.0
|
0.42
|
2.7
|
0.05
|
Endoskarn
|
2822
|
Cinco Senores
|
2.0
|
1.80
|
10.3
|
0.18
|
Endoskarn
|
2823
|
Cinco Senores
|
2.0
|
0.61
|
4.5
|
0.29
|
Endoskarn
|
Total Length & Average
grade
|
12.0
|
0.96
|
7.37
|
0.22
|
Endoskarn
|
|
|
|
|
|
|
|
2824
|
Cinco Senores
|
2.0
|
0.78
|
5.0
|
0.14
|
Endoskarn
|
2825
|
Cinco Senores
|
2.0
|
0.05
|
0.15
|
0.02
|
Endoskarn
|
2826
|
Cinco Senores
|
2.0
|
0.05
|
0.15
|
0.03
|
Endoskarn
|
2827
|
Cinco Senores
|
2.0
|
0.36
|
2.5
|
0.07
|
Endoskarn
|
2828
|
Cinco Senores
|
2.0
|
0.84
|
4.3
|
0.06
|
Endoskarn
|
2829
|
Cinco Senores
|
2.0
|
3.07
|
23.9
|
0.67
|
Endoskarn
|
2830
|
Cinco Senores
|
2.0
|
0.27
|
2.3
|
0.04
|
Endoskarn
|
2832
|
Cinco Senores
|
2.0
|
0.17
|
1.8
|
0.03
|
Endoskarn
|
2833
|
Cinco Senores
|
2.0
|
1.44
|
7.4
|
0.25
|
Endoskarn
|
Total Length & Average
Grade
|
18.0
|
0.78
|
5.28
|
0.15
|
|
|
2834
|
Cinco Senores
|
2.0
|
1.72
|
2.9
|
0.23
|
Endoskarn
|
2835
|
Cinco Senores
|
2.0
|
4.24
|
2.1
|
0.16
|
Endoskarn
|
2836
|
Cinco Senores
|
2.0
|
1.56
|
1.7
|
0.16
|
Endoskarn
|
2837
|
Cinco Senores
|
2.0
|
6.20
|
3.1
|
0.16
|
Endoskarn
|
2838
|
Cinco Senores
|
2.0
|
0.07
|
0.7
|
0.03
|
Endoskarn
|
2839
|
Cinco Senores
|
2.0
|
0.08
|
0.7
|
0.00
|
Endoskarn
|
2840
|
Cinco Senores
|
2.0
|
0.65
|
2.0
|
0.01
|
Endoskarn
|
Total Length & Average
Grade Grade
|
14.0
|
2.07
|
1.9
|
0.18
|
|
|
|
|
|
|
|
2841
|
Cinco Senores
|
2.0
|
0.71
|
6.7
|
0.31
|
Endoskarn
|
2843
|
Cinco Senores
|
2.0
|
1.43
|
11.3
|
0.58
|
Endoskarn
|
2844
|
Cinco Senores
|
2.0
|
0.83
|
6.0
|
0.46
|
Endoskarn
|
2845
|
Cinco Senores
|
2.0
|
1.93
|
7.6
|
0.27
|
Endoskarn
|
Total Length & Average
Grade
|
8.0
|
1.22
|
7.90
|
0.40
|
|
|
2846
|
Cinco Senores
|
2.0
|
4.05
|
0.2
|
0.02
|
Endoskarn
|
2847
|
Cinco Senores
|
2.0
|
0.79
|
5.1
|
0.25
|
Endoskarn
|
2848
|
Cinco Senores
|
2.0
|
1.13
|
2.2
|
0.07
|
Endoskarn
|
2849
|
Cinco Senores
|
2.0
|
0.36
|
1.8
|
0.13
|
Endoskarn
|
Total Length & Average
Grade
|
8.0
|
1.58
|
2.3
|
0.12
|
|
New Target Areas
Table 3 below provides a summary of highlights from initial sampling
results from other target areas and historical mines located on the
property. Recent work has focused on the Yanillo target area where
extensive mineralization has been identified over a large area with
significant indicated widths. Full results from the Yanillo sampling are
expected in the coming weeks. Preliminary field work has also identified
potential drill targets at the Las Minillas ( bulk tonnage) mineralized
zone, San Jose de Oro mine and the Changaro vein deposit. The Las Minillas
zone outcrops on surface and is connected by a 200 metre access drift to
the underground workings of the historical San Jose de Oro mine. The
Changaro vein deposit measures approximately 20 metres in width and is on
strike with the El Alto vein system. Sampling has recently been completed
at the Changaro vein deposit and further sampling is planned for the Las
Minillas zone and San Jose de Oro mine.
Table 3 Sampling Results Area Deposits
846
|
Yanillo
|
2.0
|
4.99
|
30.6
|
0.97
|
Skarn Outcrop
|
|
|
|
|
|
|
|
833
|
La Miqueta Mine
mINmINmIKMMMMine
|
0.28
|
8.92
|
11.7
|
0.32
|
Vein
|
836
|
La Miqueta Mine
|
0.15
|
6.57
|
14.8
|
0.43
|
Vein
|
|
838
|
Las Minillas
|
2.00
|
2.54
|
1.0
|
0.12
|
Skarn
|
839
|
Las Minillas
|
2.00
|
2.40
|
0.02
|
0.05
|
Skarn
|
|
|
|
|
|
|
|
840
|
San Jose de Oro Mine
|
2.0
|
3.89
|
26.6
|
0.83
|
Skarn
|
841
|
San Jose de Oro Mine
|
2.0
|
2.48
|
17.3
|
0.22
|
Skarn
|
|
|
|
|
|
|
|
843
|
El Alto Mine
|
2.0
|
3.95
|
17.2
|
0.16
|
Vein
|
844
|
El Alto Mine
|
2.0
|
2.46
|
22.1
|
1.02
|
Skarn
|
845
|
El AltoMine
|
2.0
|
3.56
|
35.6
|
2.05
|
Skarn
|
Quality Assurance/Quality Control
The Source exploration program has been conducted under the supervision
of Mr. Sonny Bernales, P. Geo. The Company has implemented and adheres to a
strict Quality Assurance/Quality Control program which includes mineralized
standards and blanks for each batch of samples. Samples were shipped to SGS
Mineral Services (ISO/IEC 17025) at Durango, Mexico, an accredited
laboratory.
The technical information in this news release has been reviewed and
approved by Sonny Bernales, P. Geo., Source's, Project Manager, a certified
professional geologist and a qualified person as defined by National
Instrument 43-101.
About Source Exploration
Source Exploration is a well-financed Canadian based mineral exploration
company focused on the evaluation, acquisition and development of economic
gold and silver deposits in Mexico.
For more information, please contact:
Brian Robertson, President& CEO
Phone: 807-251-1816
Fax: 807-474-4272
E-mail: info@sourceexploration.com
Website at www.sourceexploration.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. Certain terms
or statements made that are not historical facts, such as anticipated
advancement of mineral properties or programs, productions, sales of
assets, exploration plans or results, costs, prices, performance are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, and involve a number of risks and
uncertainties that could cause actual results to differ materially from
those projected, anticipated, expected or implied. These risks and
uncertainties include, but are not limited to; metals price volatility,
volatility of metals production, project development risks and ability to
raise financing. Certain statements included in this news release
constitute "forward-looking information" within the meaning of
applicable securities legislation. All statements, other than statements of
historical fact, included herein are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such statements.
|