Karmin
Reports Drill Results from Baba�� Massive Sulphide Discovery
at
Aripuan� Zinc-Lead-Silver Project,
Brazil
Includes
5.3 metres grading 9.0% zinc, 2.6% lead
Toronto
3rd October 2007. Karmin Exploration Inc. (TSXV.KAR) is pleased to
announce a further 4 drill holes from the new Baba�� massive sulphide
discovery, located 900 metres east of the Ambrex massive sulphide deposit,
within Karmin’s 30% owned Aripuan� zinc-lead-silver massive
sulphide district in Mato Grosso, Brazil. The discovery was announced in a
Karmin press release on 12th July 2007. The highest grade
intersection of the current batch is 5.3
metres grading 9.0% zinc and 2.6% lead and the widest is 22.0 metres grading 5.0% zinc and 2.3% lead (see
Table 1 below).
Baba��, Arex, Ambrex and
Mocoto massive sulphide bodies have been discovered by Karmin and its partners
in the emerging Aripuan� massive sulphide district which is considered to lie
entirely within Karmin’s joint venture area (see map in Fig.1 below). Previous drilling at Ambrex
included 42.4 metres grading 13.2% zinc, 5.5%
lead and 100 g/t silver (release of Sept 28th 2005), at Arex included 7.1 metres grading 9.9% zinc, 5.4% lead and 214 g/t silver
(release of Feb 9th 2006) and at Mocoto included 7.0 metres grading
11.65% Zn and 2.73 g/t gold (see release of 7th Feb
2001).
Table 1. New results from
the Baba�� mineralization
**Assays for copper, gold
and silver for these holes are still pending.
Sample preparation for
was undertaken at ALS Chemex laboratory – Belo Horizonte, Brazil and the
pulps analyzed at ALS Chemex laboratory – Lima, Peru using full digestion
ICP assay. Full QA/QC procedures were implemented, including the insertion of
one out of three standards every 40th sample and blank samples inserted every
40th sample (i.e. every 20th sample was either a standard or blank). Pulp and
coarse reject duplicate samples were also inserted every 20th sample. Field
duplicate (replicate) were also inserted every 20th sample during
some period and now are inserted every 100th sample. Randomly
selected check samples are routinely sent to another international laboratory
for analysis by ICP on a yearly basis. This procedure is followed systematically
by Votorantim, and was their stated procedure for all previously reported
results by Karmin for 2007.
The independent
engineering company, AMEC is preparing a report entitled “Aripuan�
Property - National Instrument 43-101 Technical Report”. This would be
the first ever National Instrument 43-101 compliant report on the property,
focuses on resource estimations for the Arex and Ambrex deposits within the
Aripuan� properties. The report will be published as soon as the final version
is received.
Karmin, Anglo-American & Votorantim
Karmin Exploration is a
mineral exploration company focused on exploration and development in Brazil.
Karmin through its subsidiary Minera��o Rio Aripuan� Ltda. holds 30% of the
Aripuan� project. Karmin is free carried to the completion of a fully
independent bankable feasibility study. The remaining 70% is owned by Anglo
American Corporation who is optioning their interest to Votorantim Metais (a
division of the privately-held Votorantim Group), the project operator, and
Votorantim have already earned 70% of Anglo’s interest. Votorantim, the
world’s 6th largest zinc producer, have three zinc smelters,
and are currently purchasing between 55% and 60% of their concentrate needs.
Their stated objective is to find more zinc resources from their own mines to
feed concentrates to their smelters, rather than rely on external mining
companies.
Karmin is publicly traded
on the TSX-Venture Exchange under the symbol KAR. The Company has 38,453,591
shares outstanding (41,453,591 fully diluted). William Fisher, P.Geo. President
of Karmin is the designated Qualified Person under NI 43-101. He has reviewed
this release for accuracy.
FOR
FURTHER INFORMATION PLEASE CONTACT:
William (Bill) Fisher
P.Geo
Robert Ciccarelli
President & CEO,
Karmin
Exploration
Chairman, Karmin
Exploration
Tel: +1 (416) 367
0369 Tel:
+1 (416) 367 0369
Fax: +1 (416) 868
6467 Fax:
+1 (416) 868 6467
Email:
wfisher@karmin.com
Email: rcicc@karmin.com
Website: www.karmin.com
Website: www.karmin.com
The TSX
Venture Exchange neither approves nor disapproves of the information contained
in this news release. FORWARD-LOOKING
STATEMENTS: Except for statements of historical fact, all statements in
this news release -- including, without limitation, statements regarding
production estimates and future plans and objectives
of Karmin are forward-looking statements that involve various risks and
uncertainties. There can be no
assurance that such statements will prove to be accurate; actual results and
future events could differ materially from those anticipated in such
statements.
Figure 1. Location of Baba�� discovery
Coal Harbor Communications, Inc.
Suite 701, 555 Jervis Street
Vancouver BC
Canada V6E 4N1
Telephone:
1+(604) 662-4505
Fax:
1+(604) 662-4547
Email:
dale@coal-harbor.com