Monday, 30th June 2008 (404 views)

Results for nine holes at Exmin Resource's programme at the Urique project have been announced.

One hole at the Cerro Colorado target produced a result of 0.51 g/t of gold across 9.2 metres. Within that distance was a grading of 0.98 g/t of gold across 4.6 metres.

The nine holeswhich have produced these results cover 1,363 metres.

In total theCerro Colorado target involves 1,706.2 metres across 11 holes.

Dr. Craig Gibson, co-founding executive vice president of exploration for EXMIN, said the Cerro Colorado target covers a length of two kilometres and the mineralised system at the target is important.

"It is important that the best intercept ... tested the area between known surface occurrences at El Vergel and Mina Guadalupe and that this is one of the deeper intercepts," he added.

The Urique project is in the Sierra Madre precious metal belt in Chihuahua, Mexico. In total the project covers 28,800 hectares.

 

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