VANCOUVER, Nov. 14, 2012 /CNW/ - Darwin Resources Corp ("Darwin" or "The Company") (TSXV:DAR) (OTCPK:DARWF): Dr. Graham Carman, President & CEO, is pleased to provide an update on the Company's Suriloma gold project in the Department of La Libertad Peru, including promising new gold and silver results from two continuous 80 metre long channels.
- Representative channel sampling was completed by Darwin's technical personnel across La Puerta epithermal structure, one of 6 known gold prospects within the Suriloma project;
- The main La Puerta epithermal structure consists of two sub-parallel gold-silver zones ('Zone A' and 'Zone B') each separated by 20-45 metres;
- The first channel returned 16m @ 2.12g/t gold + 2g/t silver (Zone A), and 22.5m @ 0.56g/t gold + 14g/t silver (Zone B);
- The second channel returned 2m @ 11.0g/t gold + 292g/t silver (Zone A), and 18m @ 1.4g/t gold + 15g/t silver (Zone B);
- Other limited exposures across Zone A returned 1.2m @ 9.1g/t gold + 7g/t silver, and 2m @ 1.8g/t gold + 3.2g/t silver where additional sampling was impeded by soil cover;
- Further channel sampling will focus on infill sampling and extensions to the known mineralized zones, where possible, prior to drilling planned for Q1 2013.
Dr Graham Carman states: "La Puerta is proving to be a substantial epithermal structure hosting at least two sub-parallel zones each up to 25 metres wide, that we have mapped for 1km of strike. The quartz stockwork mineralization is fully oxidised at surface and offers the potential for a moderate to large tonnage deposit. In addition, the opportunity exists for narrower zones of bonanza grade gold - silver to be developed as veins within the mineralized stockwork. The Darwin team are excited by the surface results so far, and we look forward to advancing the property to first stage drilling. We are aiming for drill permits to be in place Q1 2013."
Surface rights at La Puerta are owned by individual farmers holding small land parcels. Negotiations are continuing with several landholders in order to more fully sample the subcropping epithermal structures, and for the construction of drill platforms.
Elsewhere, the Company is exploring other areas of the 2,400 hectares of mineral concessions at Suriloma. Already at least 5 other gold-silver mineralized structures have been identified apart from La Puerta. Results of surface sampling of veins at the Edelmira and Santa Felicita areas are expected later in Q4 2012.
The qualified person, Dr Graham Carman, Darwin's President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this release. Channels were dug to a depth of up to 30cm depth across continuous subcropping zones covered by thin soils using a pick and chisel. Each continuous channel sample was typically 2 metres in length. Samples were analyzed by Certimin in Lima for gold using a 50g fire assay with an atomic absorption finish (method G0107), and for silver and other trace elements by ICP using an aqua regia digestion (method G0146). Significant results are plotted in Figure 1. Recent results are summarised in Table 1.
About Darwin Resources Corp (TSXV:DAR) (OTCPK:DARWF):
Darwin is a resource acquisition and development company. The Company has a portfolio of gold and copper projects in Peru, and has a focus on the Suriloma gold-silver property. Darwin recently obtained an option to acquire 100% of three separate Suriloma mining concessions by making staged payments totalling $800,000 over 3 years.
On behalf of the Board,
Dr Graham Carman, President & CEO
Forward Looking Statements This Company News Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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 news release.
For Figure 1: Significant gold and silver results from Darwin's channel sampling at La Puerta structure, Suriloma, click here: http://files.newswire.ca/1151/canales_Nov12.pdf
Table 1: Significant new gold ("Au") and silver ("Ag") channel intercepts along La Puerta structure.
|Width (m)||Gold g/t||Silver g/t||Number of samples||Zone||Channel number|
Image with caption: "Figure 1: Significant gold and silver results from Darwin's channel sampling at La Puerta structure, Suriloma (CNW Group/Darwin Resources Corp.)". Image available at: http://photos.newswire.ca/images/download/20121114_C7813_PHOTO_EN_20594.jpg
SOURCE: Darwin Resources Corp.
For further information:
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas +1 (604) 657 4058