VANCOUVER, Oct. 31, 2012 /CNW/ - Darwin Resources Corp ("Darwin" or "The Company") (TSXV: DAR) (OTCPK: DARWF): Dr. Graham Carman, President & CEO, reports that the Company has doubled its key land holding via acquisition at the Suriloma gold-silver property in Northern Peru. Darwin now controls 100% of a large continuous land package where numerous gold and silver bearing structures have been discovered and traced over a 6km strike length. Suriloma is a new discovery that has never been drilled.
- The Suriloma property now consists of a continuous land package of 2,400 hectares with intermediate-sulphidation epithermal gold and silver mineralization mapped over a 6 kilometre trend.
- At least 5 individual prospect areas have been identified to date along the 6 kilometres at La Puerta, Edelmira, Inmaculada, Guadalupe, and Santa Felicita.
- Surface channel sampling has restarted at La Puerta. Diamond drilling is planned for Q1 2013.
- Two new claim acquisitions include the Edelmira granted claim and the Santa Felicita claim application covering in total 800 ha. Both claims can be acquired by making staged payments of $500,000 over 3 years.
Dr Graham Carman states: "At this early stage, Suriloma is establishing itself as a large epithermal gold-silver discovery, where our team has located multiple intermediate-sulphidation vein structures and mapped them over at least 6km of strike. Positive exploration results encouraged us to consolidate the Suriloma project via these new acquisitions, so providing rights to a 100% interest in a land package that covers approximately 8km by 3km of prospective mineral claims. No drilling has ever taken place at Suriloma, and we look forward to receiving further surface sampling results and advancing the property to first stage drilling in Q1 2013."
Darwin has already identified a number of prospective areas on the new properties and an intensive exploration program is ongoing. A detailed surface sampling program is planned at La Puerta to test the continuity and grade of stockwork mineralization in discontinuous outcrops along a strike length of 700 metres. Within the Bosque area, the largest zone of outcrop on the La Puerta structure, recent channel sampling of epithermal quartz veinlets or "stockwork" reported by Darwin on July 09, 2012 ranged from 0.01 g/t gold to 7.59 g/t gold and averaged 1.5 g/t gold and 13 g/t silver over 60m in semi-continuous outcrops. Individual vein samples grade up to 10 g/t gold, 870 g/t silver and 12 % antimony.
Further channel sampling will expose bed rock beneath zones of soil cover in areas where outcrop is interrupted along the lines of the channels. In addition a 2,000 metre diamond drill program is planned for Q1 2013 focusing on the La Puerta and Edelmira areas. Land access agreements are a prerequisite for obtaining drill permits in Peru, and access negotiations with landholders are proceeding well. An environmental impact assessment (DIA) is underway, and will be submitted to the relevant authorities together with the landholder approvals soon.
Darwin has three option agreements in place at Suriloma to acquire 100% of three mineral claims for 1,600 ha by making staged cash payments of $800,000 over 3 years. Two other claims covering 800 ha are 100% owned by Darwin.
New acquisitions are the Edelmira granted claim covering 140 ha which can be acquired over 3 years by making staged payments of $200,000 and the Santa Felicita claim application covering 660 ha which can be acquired for $300,000 over 3 years. Previously the Company announced that the Surupampa granted claim covering 800 ha can be acquired for $300,000 over 3 years. Residual net smelter return royalties of 2% can be purchased on all properties for $1.3 million at any time.
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.
About Darwin Resources Corp (TSXV: DAR) (OTCPK: DARWF):
Darwin Resources Corp is a resource acquisition and development company. The Company has a portfolio of gold and copper projects in Peru.
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.
SOURCE: Darwin Resources Corp.
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