TORONTO, Feb. 11 /CNW/ - Zaruma Resources Inc., (TSX-ZMR) is pleased to
report that trenching has identified a new copper exploration target at
Sapo North, located in the Company's San Antonio project (Sonora, Mexico).
Roads were cut at two elevations into the flank of the Sapo North Hill over
historic mine workings, exposing oxidized copper mineralization. Channel
samples from the road cuts, although not one continuous channel, are believed
to accurately estimate the grade along the intervals that were sampled. The
better intervals on the upper road include: 50 metres with an average grade of
0.73% Cu (20 samples); and 15 metres at an average grade of 1.95% (5 samples).
On the lower road, intervals include 90 metres at 0.56% Cu (24 samples);
10 metres at 0.31% (4 samples) and 16 metres at 1.12% (6 samples).
The roads cut through a section of fine grained, fractured siltstones and
slates that have been intruded by andesite dikes, a possible source of
mineralizing fluids. Mineralization occurs along subvertical fractures and
also along bedding planes within a northeasterly structural block (parallel to
the overall district trend.) The mineralized block appears to have a minimum
width of 100 metres, a strike length of at least 200 metres and a vertical
thickness measured at over 100 metres. Three additional surface exposures of
copper mineralization in the Sapo area have been partially mapped and sampled,
with the intention of advancing all the areas to the drill ready stage later
Exploration work in the Sapo areas is being done on an earn-in basis,
under a joint venture agreement with a subsidiary company of Glencore
International AG, on a 1000 hectare project area known as Sapo and Carrizo.
The joint venture area is located some 8 km to the southwest of the Luz del
Cobre copper project. The potentially ore grade copper intercepts in road
cuts, exposed oxidized copper mineralization in several other areas and
isolated short drill holes of the past decade all indicate the potential of
the Sapo area to host significant leachable copper mineralization. The
adjacent Carrizo area lies along the favourable district trend, with Luz del
Cobre to the northeast, and Sapo to the southwest. Road access to this rugged
area is part of the current programme.
Drilling continues in the Luz del Cobre area on the southern extension of
the orebody and the new Calvario targets, with over 1500 metres drilled so far
this year. Results will be reported on receipt of assays.
On the Luz del Cobre copper project, the Company is pleased to report
that work has begun with clearing and grading of both the SX-EW plant site and
leach pad area, and is progressing well. Recent photos showing the project's
progress have been posted on the Company's web site (www.zaruma.com).
The exploration at Sapo 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 Office, 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: 111,808,771.
For further information:
For further information: Zaruma Resources Inc., 20 Toronto Street, 12th
Floor, Toronto, ON, M5C 2B8, Canada, Fax: (416) 367-3638, firstname.lastname@example.org,
www.zaruma.com; Dr. Thomas Utter, President and CEO, Tel.: 521 662 222 0063,
521 662 210 5650, email@example.com; Frank van de Water, CFO and
Secretary, Tel.: (416) 869-0772, firstname.lastname@example.org