VAL-D'OR, QC, June 14 /CNW Telbec/ - X-Ore Resources Inc. (XOR - TSX.V)
has received the final data from Geofisica TMC for a ground survey conducted
on the Piedra Rodante Zone, one of two main zones identified to date on the
48,000 hectare Natora Property in Mexico.
The program consisted of 34 line-kilometers of Induced Polarization (IP)
and 42 line-kilometers of Magnetometric (Mag) surveys. These surveys have
confirmed the continuity of the main Au-Ag bearing Piedra Rodante structure
over a minimum of 2 km (open to the north) while also highlighting new similar
structures intersecting the main N-S Piedra Rodante structure. These
intersecting structures primarily covered by overburden constitute strong
targets for the diamond drilling campaign that is currently underway. One of
these, trending SE-NW was identified during recent geological surveys and
returned 4 m @ 1.89 g/t Au, 118 g/t Ag (see press release April 9, 2007). This
structure can be interpreted to intersect the main north-south Piedra Rodante
zone as defined by the Resistivity survey (see maps
http://www.x-ore.com/i/Maps/Natora/PR_Sampling.gif). Two new trenches located
160 m and 200 m southeast of this have returned 4.5 m @ 3.23 g/t Au, 37.6 g/t
Ag and 4 m @ 2.77 g/t Au, 53.5 g/t Ag.
The Piedra Rodante zone is in a similar geological environment as the
Mulatos Deposit located 40 km to the south. Some of the same primary gold
controls are observed: structural deformation zones and intersecting faults.
This diamond drilling campaign will also permit verification of the existence
of stratiform mineralization that does not outcrop.
Plans and sections were generated with Geosoft Oasis Montage. The
geophysical data was processed by Mr. Pierre Boileau, a consulting
The samples referred to above were sent to the ALS Chemex preparation
laboratory in Hermosillo. Fire assays of 50 gram pulp samples (Au-AA26)
finalized with atomic absorption were performed at the ALS Chemex laboratory
in Vancouver. Malarsur, the Company's wholly-owned subsidiary, instituted a
quality control program for insertion of standards. Richard Dufresne, P. Geo.,
is the qualified person under Canadian standard 43-101 and has reviewed and
approved the contents of this press release.
X-Ore Resources will be participating in the 2007 World Gold, PGM &
Diamond Investment Conference at the Vancouver Convention Center on June 17
and 18 - Booth #1005.
About X-Ore Resources Inc.
X-Ore Resources formerly South-Malartic Exploration Inc. is a mineral
exploration company with 17 properties located in known gold regions of Mexico
and Canada, including the prolific Sierra Madre Gold Belt in proximity to
Minefinder's Dolores (15 km east), Alamos' Mulatos (40 km south) and Gammon
Lake's Ocampo (80 km south) deposits, as well as the Val-d'Or region of
The TSX Venture Exchange does not accept responsibility for the accuracy
of this press release. This press release contains "forward-looking
statements" not based on historical facts. Forward-looking statements express,
as of the date of this press release, our estimates, forecast, projections,
expectations and opinions as to future events or results. Forward-looking
statements herein expressed are reasonable, but involve a number of risks and
uncertainties, and there can be no assurance that such statements will prove
to be accurate. Therefore, actual results and future events could differ
materially from those anticipated in such statements. Factors that could cause
results or events to differ materially from current expectations expressed or
implied by the forward-looking statements include, but are not limited to,
fluctuations in the market price of precious metals, mining industry risks,
uncertainty as to calculation of mineral resources and requirements of
additional financing and the capacity of the Company to obtain financing.
For further information:
For further information: please visit X-Ore's website at www.x-ore.com
or contact: Mr. Léon Méthot, President and CEO, (819) 824-5422 Mrs. Donna
Yoshimatsu, Investor Relations, (647) 293-7047, firstname.lastname@example.org; Mr.
Richard Dufresne, Executive Vice-President, (819) 824-5422