Galore Resources Inc. : Drills 2.22 g/t Gold Over 17.5 Metres at El Alamo
January 25, 2012 at 08:02 pm
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Drills 2.22 g/t Gold Over 17.5 Metres at El Alamo
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) --
01/25/12 -- Galore Resources Inc. (TSX VENTURE:GRI)
completed a track-drill sampling program on its El
Alamo claim, part of the Company's 100%-owned
Dos Santos project in the Mazapil-Camino Rojo trend
of the Concepcion del Oro district, Zacatecas,
Mexico. The program results produced strong gold
numbers that justify a more extensive exploration
program at El Alamo.
A total of 32 shallow holes were drilled on the El
Alamo claim, with assay results from 20 of the
holes resulting in significant gold intercepts. In
addition to results announced on December 6, 2011
(shown in map table below), the best intervals from
the most recent assays include:
Hole A1 1.04 g/t gold over 6.1 metres, from
2.15-8.25 metres near surface.
Hole A10 2.22 g/t gold over 17.5 metres from 0-17.5
metres starting at
surface.
Hole A11b 1.23 g/t gold over 3.05 metres, from
2.3-5.3 metres near surface.
All results (drill-hole locations and trench
results) on El Alamo are shown in the following
table:
http://media3.marketwire.com/docs/g124.pdf
"We are extremely encouraged with the gold
results from the track-drill program at El Alamo.
The results have confirmed that gold mineralization
from previous trenching extends below the surface
and gold mineralization at El Alamo is open at
depth in all directions. These exploration-drilling
results have assisted Galore considerably in
identifying deeper targets for inclined drilling
while demonstrating increased potential for a
significant gold deposit on Dos Santos," said
Michael Byrne, President.
Drilled widths are reported. True widths and the
shape of mineralization have not yet been
determined. A conventional track-mounted percussion
drill was used due to the steep terrain at El
Alamo. Such drills are limited to vertical drill
holes of approximately 30-metre depths. The drill
rig is rented and operated by Galore personnel to
execute the drilling cost-effectively, without
dependence on drilling contractors. The track-drill
program at El Alamo was successful and we are
currently using it to drill on the Los Gemelos
claim at Dos Santos.
This exploration program is intended to give
insight into 3D geometry and shape of any potential
body of mineralization, as well as grade
distribution below the surface. It is not intended
to be compliant for defining resources. Reverse
circulation and/or core drilling will be used once
the character of the deposit is better understood.
The program has confirmed that gold mineralization
exposed by trenching at the surface can now be
extended to shallow depths, with the potential to
expand deeper.
Samples were crushed and pulverized at ALS
Minerals' Zacatecas Mineral Labs, Mexico, and
fire assayed by ALS method AuAA-25 in Vancouver,
Canada. Galore's QA/QC protocol includes check
assays totalling about 10% of each shipment, apart
from ALS internal checks, reference material
"standards", blanks and duplicate pulps,
as well as raw-sample field duplicates are inserted
in each lot of 40 samples before shipping to
Vancouver for analyses.
The Dos Santos exploration program is managed by
Ing. Octavio Gonzalez, Galore's V.P.
Exploration for Mexico, and Terry Brown,
Galore's V.P. Exploration. Terry Brown,
Galore's Qualified Person as defined by NI
43-101, has reviewed and approved the contents of
this News Release. Galore Resources is a British
Columbia-based exploration company that has
assembled a leading group of industry professionals
to acquire and explore for promising deposits, with
an emphasis on gold in Mexico and base metals in
British Columbia.
Michael W. Byrne, President
Explore. Drill. Discover.
Cautionary Note Regarding Forward-Looking
Information: The Company expressly warns readers
not to rely on the information herein for
investment or other related purposes. Accordingly,
any use of this information is at your own risk and
without liability to the company. The information
contained herein is not, and under no circumstances
is to be construed as either a public or a private
offer or solicitation to purchase securities in the
capital stock of Galore Resources Inc. The reader
is referred to his/her professional investment
advisor regarding investment or related decisions
respecting the securities of the company. No
securities commission or similar regulatory
authority has passed on the merits of or reviewed
the information contained 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
release.
Contacts:
Galore Resources Inc.
Erica C Bearss, MBA
Vice President Corporate Communications
604-647-2298 or Toll Free: 1-877-647-2298
604-647-0086 (FAX)
ebearss@galoreresources.com
www.galoreresources.com
Source: Marketwire (January 25, 2012 - 9:00 AM EST)
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Galore Resources Inc. is a Canada-based junior mineral exploration company. The Company is involved in the acquisition and exploration of mineral property interests in North America. The Company's Dos Santos project is a gold exploration project located in northern Zacatecas State, Mexico. The Company has a 100% interest in the Dos Santos project, which covers around 15,000 hectares (37,065 acres) of mineral claims. The Dos Santos project covers a geologically attractive area in the Concepcion del Oro Mining District with the potential to host world-class gold-silver-lead-zinc mineral deposits. The Dos Santos project's main targets include El Alamo, San Jose, Los Gemelos and La Palma. The main area of gold mineralization at El Alamo measures over 500 meters long and up to 110 meters wide. The San Jose area is located at the East Margin of El Alamo Ridge, and it shows a continuous gold anomaly along the northern portion of the Dos Santos. Its subsidiary is Minerales Galore, S.A de C.V.