Tuesday, March 20, 2007
Marifil To Commence Drilling San Roque Gold-Silver-Indium Project
Spokane, WA -- March 20, 2007: MARIFIL MINES LTD. (MFM: TSX-V) ("Marifil" or "the Company") announces that it has contracted Connors S.A. to conduct a minimum of 2,000 meters of Diamond core drilling at Marifil's wholly owned 12,705 hectare San Roque property in Rio Negro Province, Argentina (see Marifil news release of November 9, 2006 - Map of target locations: Http://www.marifilmines.com/s/SanRoque.asp).
The initial drill targets are along the Del Indio structure where Marifil trenching has outlined high grade gold and significant amounts of indium. Connors has advised that the drill would be mobilized shortly and the Company expects that the first assays will be available in mid-April.
The drill targets are summarized in the following table:
PROPOSED DRILL HOLES -- SAN ROQUE PROJECT
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TARGET |
DRILL HOLE |
AZIMUT |
DIP |
DEPTH |
TRENCHES INTERSECTION |
1 |
1 |
136 |
-60 |
50 |
3.5m @ 1.27 g/t Au, 7179 g/t In (T4) |
2 |
136 |
-60 |
100 |
3 |
150 |
-60 |
50 |
1.5m @ 3.42 g/t Au, 1.5m @ 170 g/t In (T6) |
4 |
150 |
-60 |
100 |
5 |
135 |
-60 |
50 |
3.3m @ 1 g/t Au (T7 - T8) |
6 |
135 |
-60 |
100 |
7 |
110 |
-60 |
50 |
6m @ 3.21 g/t Au (T14) |
8 |
350 |
-60 |
50 |
2 |
9 |
253 |
-60 |
50 |
18.3m @ 2.9 g/t Au (T2-1 / 10) 12m @ 1.3 g/t Au (T2-11)
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10 |
253 |
-60 |
100 |
11 |
242 |
-60 |
50 |
6m @ 0.9 g/t Au (T2-13) 7m @ 4.43 g/t Au (T2-13) |
12 |
242 |
-60 |
100 |
13 |
215 |
-60 |
50 |
12m @ 4.76 g/t Au (T2-14) |
14 |
215 |
-60 |
100 |
15 |
215 |
-60 |
50 |
3m @ 23.55 g/t Au (T2-15) |
16 |
215 |
-60 |
100 |
17 |
235 |
-60 |
50 |
6.75m @ 0.85 g/t Au (T2-5); 5m @ 1.82 g/t Au (T2-6); 3.4m @ 4.76 g/t Au (T2-7) |
18 |
235 |
-60 |
50 |
3 |
19 |
10 |
-60 |
50 |
8.1m @ 1.62 g/t Au (T3-4); 11.2 @ 1.47 g/t Au (T3-5) |
20 |
10 |
-60 |
100 |
21 |
145 |
-60 |
100 |
3m @0.82 g/t Au 4m @ 0.6 g/t Au |
22 |
90 |
-60 |
50 |
5 |
23 |
325 |
-60 |
50 |
10m @ 0.35 g/t Au (T5-3); 3.5m @ 6.88 g/t Au (T5-4); 3m @ 7.96 g/t Au |
24 |
325 |
-60 |
100 |
25 |
325 |
-60 |
100 |
1m @ 0.65 g/t Au (T5-7); 2m @ 0.135 g/t Au (T5-8); 2m @ 0.135 g/t Au (T5-8) 1.3m @ 1.78 g/t Au (T%-9) |
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1800 |
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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.
General Disclaimer
Marifil Mines Ltd. "Marifil", has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.
Forward-Looking Statements
This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com.)
Contacts: John Hite, President (509) 467-5200
Greg Taylor, Investor Relations, gtaylor@marifilmines.com Toronto area (905) 337-8475
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