Zaruma Resources: New Copper Assays Continue to Expand Mineralization at Luz del Cobre



    TORONTO, March 25 /CNW/ - Zaruma Resources Inc., (TSX-ZMR) is pleased to
report that new results from drilling in the vicinity of Luz del Cobre,
located in the Company's San Antonio project (Sonora, Mexico), continue to
expand the copper mineralization of the Luz del Cobre ore body.
    The first phase of the drill programme was completed in the Trion-Luz del
Cobre area in December 2007, with very positive results on the southwest end
of the Luz del Cobre ore body, and in a new discovery, Calvario, located
roughly 200 metres to the northwest. A second phase of drilling to better
define mineralization of the two areas began in January and was completed on
February 28, 2008. Seven holes were drilled on the southwest end of Luz del
Cobre and 22 holes at Calvario and between the two target areas, with a total
of 2,996 metres drilled.
    On the southwest end of Luz del Cobre complete assay results are
available for new holes LUZ-08-55 through LUZ-08-61. Additional assay results
have also been received for the 2007 holes LUZ-07-51 through LUZ-07-54,
reported on January 14, 2008, now extending the mineralized intervals. Drill
results for the southwest extension of Luz del Cobre are:

    
    -------------------------------------------------------------------------
    Drill                                              True
    Section     Drill ID      From, m.    To, m.     Width, m.       Copper
    -------------------------------------------------------------------------
    50 NW     LUZ-07-51(*)       50.4     72.85         18.45          0.79%
    -------------------------------------------------------------------------
    50 NW     LUZ-07-52(*)       45.8     75.83         30.03          0.63%
    -------------------------------------------------------------------------
    75 NW     LUZ-07-53(*)       58.8     67.06          8.26          0.99%
    -------------------------------------------------------------------------
    0 NW      LUZ-07-54          37.2     53.35         16.15          0.86%
    -------------------------------------------------------------------------
    50 NW     LUZ-08-55(xx)     60.47        68           5.3          0.75%
    -------------------------------------------------------------------------
    50 NW     LUZ-08-56(xx)   no significant results; northeast limit
    -------------------------------------------------------------------------
    0 NW      LUZ-08-57(xx)     50.22     54.86           3.8          0.70%
    -------------------------------------------------------------------------
    0 NW      LUZ-08-58(xx)     42.67     52.05           8.1          0.64%
    -------------------------------------------------------------------------
    25 NW     LUZ-08-59(xx)     48.77     53.37           3.8          0.61%
    -------------------------------------------------------------------------
    25 SE     LUZ-08-60(xx)   Abandoned in fault zone at 31 m.
    -------------------------------------------------------------------------
    100 NW    LUZ-08-61(xx)     64.39     81.75          15.7          1.00%
    -------------------------------------------------------------------------
    (*) Indicates drill holes previously reported, with additional assay data
    (xx)Indicates angle drill holes, with drill section indicating collar
        location
    

    The new results have demonstrated continuation of mineralization along a
north-south fault bounded block from the southwest end of Luz del Cobre. The
mineralization remains open to the south, with the southernmost drill line
containing potentially mineable copper mineralization over a width of around
100 metres.
    At the Calvario target, complete results have been received for the first
four holes of the second phase of work, which, along with the previously
reported holes and the visual identification of copper and partial assay
results in many of the unreported holes, strongly suggests that Calvario has
the potential to add to the Luz del Cobre mineable resources. It also appears
that the mineralization from Calvario, subject to confirmation by drilling,
could join with that at Luz del Cobre.
    Available assay results from Calvario are as follows, with the Drill
Section data the same as for Luz del Cobre and the number indicating the
metres to the northwest of the 0 baseline.

    
    -------------------------------------------------------------------------
    Drill                                              True
    Section     Drill ID      From, m.    To, m.     Width, m.       Copper
    -------------------------------------------------------------------------
    425 NW     LUZ-08-62         57.6      68.2        9.2             0.38%
    -------------------------------------------------------------------------
    450 NW     LUZ-08-63      no significant results
    -------------------------------------------------------------------------
    400 NW     LUZ-08-64         56.2      70.1        9.8             0.94%
    -------------------------------------------------------------------------
    400 NW     LUZ-08-65        36.85     73.15       31.4             0.61%
    -------------------------------------------------------------------------
    

    Assay results for the remaining drill holes at Calvario are expected
shortly, and will be reported as soon as possible. With the new data, a
revised resource estimate for Luz del Cobre is planned in the second quarter
of the year. It is expected that this will increase the ore reserves to be
processed by the Luz del Cobre plant, currently under construction, and will
extend the life of the mine beyond the estimated five to six years in the 2006
feasibility study. Production is planned at 15 million pounds of cathode
copper per year from an open pit mining, heap leach, solvent extraction,
electro-winning operation.
    The drill results have expanded the copper mineralization at Calvario,
with the limits of the body still largely undefined. The near surface oxide
and supergene sulphide copper mineralization appears to occur as a
blanket-type body of varying thickness, with the body currently partially
tested for about 200 metres along a northwesterly axis and an open ended width
of at least 100 metres.
    Drilling has stopped with the completion of this planned programme.
Additional drilling is anticipated in the fall, after the interpretation of
all drill data, and will likely be done in conjunction with testing of
additional exploration targets on the San Antonio property.
    The drilling programme and evaluation is under the supervision of
Geologist James E. Poulter, the "Qualified Person" as defined in NI 43-101,
and is responsible for the technical information presented in this news
release. Assays were prepared by Jacobs Assay Lab, Tucson, Arizona, from pulps
prepared by Sonora Sample Preparations, Hermosillo, Mexico.

    Zaruma Resources Inc. is listed on The Toronto and Frankfurt Stock
Exchanges, (symbol: ZMR). Common shares outstanding: 115,937,247.

    This News Release contains forward-looking statements which are typically
preceded by, followed by or including the words "believes", "expects",
"anticipates", "estimates", "intends", "plans" or similar expressions.
Forward-looking statements are not guarantees of future performance as they
involve risks, uncertainties and assumptions, including securing additional
funding to continue its development programmes.





For further information:

For further information: Zaruma Resources Inc., 20 Toronto Street, 12th
Floor, Toronto ON, M5C 2B8, Canada, Fax: (416) 367-3638, service@zaruma.com,
www.zaruma.com; Dr. Thomas Utter, President and CEO, Tel.: 521 662 222 0063,
52 662 210 5650, thomas.utter@zaruma.com; Frank van de Water, CFO and
Secretary, Tel.: (416) 869-0772, fvandewater@on.aibn.com

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