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Galore Reports 54 Metres of 0.97 Grams Gold at El Alamo
Published : June 01, 2011
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Mots clés associés :   Canada | G Mexico | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2011) - Galore Resources Inc. (News - Market indicators) announces final results from its trenching program at El Álamo, located at the northern end of the Dos Santos property in Zacatecas State, Mexico. This news release reports analytical results for all 512 continuous chip and channel rock samples from 10 trenches totaling 1,020 in length. Samples were taken across steeply dipping, altered limestone beds in a north-south direction. The best results occur within irregular zones of carbonate-hosted, silicified breccia, and zones of silicification, which are believed to be the chimneys of a larger manto system at depth. Highlights from the trenching program include:

  • Trench 1A: 1.6 g/t gold over 34 m (including 1.9 g/t gold over 28 m; 2.6 g/t gold over 12 m)
  • Trench 2A: 4.2 g/t gold over 10 m (including 5.1 g/t gold over 8 m; and 14.7 g/t gold over 2 m)
  • Trench 2: 0.97 g/t gold over 54 m (including 8.4 g/t gold over 4 m; 2.4 g/t gold over 2 m)
  • Trench 5A: 3.6 g/t gold over 6 m (including 10.4 g/t gold over 2 m) and: 0.4 g/t gold over 22 m (including 1.2 g/t gold over 2 m)
  • Trench 3: 38 g/t gold over 2 m
  • Trench 1: 2.6 g/t gold over 4 m

The Company is planning an immediate follow-up exploration program at El Álamo, which will include drilling, geophysics and expansion of the trenches that ended in mineralization.

With the exception of a small number of confirmation samples, all samples cover a horizontal distance of 2 metres. Results are presented for trenches located from west to east along El Álamo ridge. Locations of these trenches, highlights and distribution of gold concentrations in bedrock are presented in the accompanying figure and tables. The tables show selected results, including previously reported results and average concentrations of gold over larger distances. All gold analyses in this news release were converted from parts per billion (ppb) to grams/tonne gold (g/t Au). Gold mineralization is associated with other elements, of which silver (Ag), arsenic (As), lead (Pb) and zinc (Zn) are also included with the gold results.

Trench 1: 2.6 g/t gold over 4 metres
Sample Interval
(m
) Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
  Comments
144001 2   0.32 0.05 796.5 0.6 52   0.21 g/t Au /4m
144002 2   0.09 0.05 716.8 0.2 15    
 
526011 2   1.43 1.4 837.8 19.4 366   2.6 g/t /4m
526012 2   3.78 0.6 359.6 85.1 196    
 
Trench 1A: 1.6 g/t gold over 34 metres     
Sample Interval
(m
) Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
  Comments
526147 2   2.91 0.6 3391.9 106.1 1239   1.6 g/t Au/34m
                  including 1.9 g/t
526148 2   8.11 0.7 1347.3 261.3 1249   Au/28m
526149 2   0.53 0.5 1183.9 91.3 447   Also including:
526150 2   2.12 1.4 3434 85.6 1264   2.6 g/t Au /12m
526151 2   0.92 1.2 1717.7 72.8 725   and 1.4 g/t Au/10m
526152 2   1.25 0.9 966.5 86.5 868   and 8.1 g/t Au/2m
526153 2   0.68 1.1 1573.1 76.5 592   anomalous in
526154 2   0.92 1.3 463.1 58.2 640   Zn, As, Ag
526155 2   0.70 0.9 346.5 75.8 531    
526156 2   1.38 1.4 851.4 59.7 728    
526157 2   1.08 2 632.7 37.7 744    
526158 2   2.24 1.1 1249.6 142.3 1557    
526159 2   1.20 0.9 695.8 59.1 748    
526160 2   2.23 1.1 1254.5 85.7 1103    
526161 2   0.16 0.8 490.1 126.5 461    
526162 2   0.09 0.8 375.6 41.7 261    
526163 2   0.13 1.3 384.3 30.1 243    
 
Trench 6         
Sample Interval(m ) Au g/t Ag ppm As ppm Pb ppm Zn ppm   Comments
526410 2   0.16 0.7 455.8 21.2 191   0.1 g/t Au/6m
526411 2   0.05 2.5 403.2 13.7 235    
526412 2   0.08 1 589.6 38 330    
 
526417 2   0.13 1.2 1913.4 353.3 327   0.1 g/t Au/4m
526418 2   0.10 1.7 303 227.3 348    
 
Trench 2A: 4.2 g/t gold over 10 metres     
Sample Interval(m ) Au g/t Ag ppm As ppm Pb ppm Zn ppm   Comments
526381 2   1.45 6.5 2918.8 207.3 778   4.2 g/t Au/10m
                  including 5.1 g/t
526382 2   2.86 3.1 3863.3 402.4 1943   Au/8m
526383 2   1.61 6.1 1502.9 1568.6 2106   And
526384 2   14.66 7.3 5422.2 666.1 2994   14.7 g/t Au/2m
                  Anomalous Ag, As,
526385 2   0.53 0.7 1065.8 48.6 610   Pb, Zn
 
Trench 2: 0.97 g/t gold over 54 metres
Sample Interval
(m
) Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
  Comments
                  0.97 g/t Au/54m
526080 2   0.19 0.3 712.9 34.9 112   including:
526081 2   2.35 1.3 2413.7 102.1 397   2.4 g/t Au/2m
526082 2   0.43 0.3 1066.8 28.9 210   anomalous in
526083 2   0.05 0.2 304.9 15.4 187   Pb, Zn, Ag, As
526084 2   0.08 0.5 457.9 26.4 199    
526085 2   0.19 0.7 423.7 75.4 133    
526086 2   0.14 0.4 985.3 31.7 301    
526087 2   0.24 1.3 1258 46.1 426    
526088 2   1.85 8.5 3057.1 2897.6 2268   1.9 g/t Au/2m
526089 2   0.23 0.9 1733.6 163.5 388    
526090 2   0.44 1.7 563 293.9 368    
526091 2   0.32 0.8 232.1 102.6 467    
526092 2   0.51 1.3 482.2 69.8 877    
526093 2   0.33 0.9 262.9 29.5 201    
526094 2   0.25 0.6 397 54.9 207    
526095 2   0.27 1.3 366.2 273 173    
526096 2   0.11 8.5 2251.3 7349.8 405    
526097 2   0.02 8.6 627.3 3228.9 278    
526098 2   0.02 4.3 575.2 1799.7 634    
526099 2   0.06 3.4 510.5 569.7 316    
526100 2   0.08 1.6 340.1 165.5 177    
526101 2   0.03 0.8 232.3 91.4 98    
526102 2   0.35 1 777.9 326.6 102    
526103 2   0.52 1.4 855.5 172 107    
526104 2   13.98 0.7 4267.9 225.1 472   8.4 g/t Au/4m
526105 2   2.83 0.6 1888.8 134.3 203    
526106 2   0.42 0.3 1189 81.7 231    
  and                
526464 2   0.39 2 633.7 167.6 391   0.3 g/t Au/4m
526465 2   0.17 4 1652.5 3921.8 446    
 
Trench 5A: 3.6 g/t gold over 6 metres
Sample Interval
(m
) Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
  Comments
526269 2   0.11 0.3 758.8 206.3 181   3.6 g/t Au/6m
                  including: 10.4 g/t
526270 2   10.42 0.5 2500.8 173.2 412   Au/2m
526271 2   0.18 0.3 972.6 60.4 206    
  and                
526279 2   0.18 0.4 624.7 81.7 175   0.4 g/t Au/22m
526280 2   0.11 0.3 279.5 99.8 93    
526281 2   0.18 0.2 237.3 47.1 68   Including
526282 2   1.21 0.3 809.7 77.7 251   1.2 g/t Au/2m
526283 2   0.55 0.3 483.9 55.2 206    
526284 2   0.24 0.5 363.7 56.5 107    
526285 2   0.12 0.7 288.1 104.8 130    
526286 2   0.27 0.9 343.3 98.2 168    
526287 2   0.24 0.8 332.5 175.9 100    
526288 2   0.32 0.5 433.9 47.4 143    
526289 2   0.16 0.8 388.1 120.9 131    

Trench 5:

Samples in this trench returned geochemically anomalous concentrations of gold up to 91ppb.

Trench 3A:

No significant concentrations of gold were detected in this trench.

Trench 3: 38 g/t gold over 2 metres
Sample Interval
(m
) Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
  Comments
144048 1   58.27 0.5 1,405 160.9 416   38.3 g/t Au/2 m
144049 1   18.31 0.5 1,157 60.4 205    
526113 2   0.30 0.3 325.4 28.1 125    
  and                
526123 2   0.12 0.3 643 371.4 335   0.2 g/t Au/4m
526124 2   0.30 1.1 1355 121.7 376    

Trench 4:

Trench 4 returned geochemically anomalous concentrations of gold, lead, zinc and arsenic, including a ten-metre interval of 13 to 22 ppb gold with weakly anomalous arsenic, lead and zinc. A second, two metre interval returned 19 ppb gold, 3.7 g/t silver, 704 ppm arsenic and 0.42% lead.

Samples were analyzed at Acme Analytical Laboratories Ltd. in Vancouver by Aqua-Regia digestion and ICP-MS (1DX30) on a 30-gram sample. Analyses were reported in ppb gold by the laboratory and are reported in this news release in the converted format of grams per tonne to enable the reader to compare these results with other gold projects using this format.

The Dos Santos exploration program is managed by Ing. Octavio Gonzalez, Galore's Vice-President Exploration for Mexico. Uwe Schmidt, P.Geo., Vice-President Exploration and Galore's Qualified Person as defined by Canada's National Instrument 43-101, is responsible for supervising the Dos Santos program. Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits with an emphasis on gold in Mexico and base metals in British Columbia.

Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits in Mexico and British Columbia.

Michael Byrne, President

Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company. No securities commission or similar regulatory authority has passed on the merits of or reviewed the information contained herein.

To view a trenching map associated with this release, please visit the following link: http://media3.marketwire.com/docs/gri601i.pdf.

Neither the 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.

Galore Resources Inc.
Erica C Bearss, MBA
Vice President Corporate Communications
604-374-1107 or Toll Free: 1-877-647-2298
604-647-0086 (FAX)
Skype: 1-206-388-2423
ebearss@galoreresources.com / www.galoreresources.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Galore Resources inc.

EXPLORATEUR
CODE : GRI.V
ISIN : CA3640961072
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Galore Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Ses principaux projets en exploration sont DOS SANTOS au Mexique et TASEKO au Canada.

Galore Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,2 millions CA$ (1,6 millions US$, 1,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 28 décembre 2007 à 0,63 CA$, et son plus bas niveau récent le 01 mai 2020 à 0,01 CA$.

Galore Res. possède 108 700 000 actions en circulation.

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