Guerrero Ventures Inc. recently completed maiden diamond drill program at its Biricu Project in the Guerrero Gold Belt, Guerrero State, Mexico. Highlights of the drilling program include a drill intersection of 26.98 metres (m) grading 1.07 g/t gold and 0.29 g/t silver at the Punto Rojo target. The interval includes a zone of 6.85m grading 2.78 g/t gold and 0.92 g/t silver.

Drilling at Punto Rojo has to date outlined an area with a minimum strike length of 700m and minimum depth extent of 600m of strongly hornfelsed and selectively skarn altered Mezcala sediments, intrusive units as well as a breccia unit. All units exhibit strong similarities in composition and alteration to productive units encountered in other exploration and mining operations in the prolific Guerrero Gold Belt (GGB). The 2014 NQ diamond drill core drilling program was completed between October 3, 2014 and December 3, 2014 by Bylsa Drilling S. A de C.V. based in Hermosillo, Sonora State, Mexico.

The program consisted of 5,387.78m distributed over three priority areas of the property these being Punto Rojo (2,669.47m), La Curva (811m) and Hornfels Hill (1,907.23m). Drill hole lengths ranged from 270m to 696m. In all cases the program was targeting a combination of geochemical, geophysical and/or geological targets that were outlined during the 2012 exploration program.

An additional purpose of the initial drill testing was to locate the favorable Mezcala Formation/Morelos Formation contact that is one of the significant hosts to skarn mineralization in the GGB. The drilling has outlined a zone of hornfels and selectively altered and mineralized Mezcala sediments that has been intruded and cut by dikes and sills of diorite and granodiorite composition. Most promising analytical results have been obtained in drill hole GV2014-011 with a highly anomalous and continuous drill intersection of 98.17m grading 0.42 g/t gold and 0.18 g/t silver from 266.53m to 364.70m.

Within this interval a zone located at or near an intrusive contact returned a drill intersection of 26.98m grading 1.07 g/t gold and 0.29 g/t silver from 284.00m to 310.98m. A higher grade interval hosted within an altered volcanic breccia returned 6.85m grading 2.78 g/t gold and 0.92 g/t silver from 301.35m to 308.20m. Highest analytical results in this interval are located within a strongly altered breccia unit with an interval of 0.95m grading 6.51 g/t gold and 5.8 g/t silver.

Drill holes GV2014-002 and GV2014-010, also in the Punto Rojo target area intersected hornfels and continuously altered Mezcala Formation sediments with anomalous intervals up to 23.00m grading 0.36 g/t gold and 0.93 g/t silver from 189.00m to 212.00m in GV2014-002 as well as massive sulfide veins and veinlets with a highlight of 8.90 g/t gold and 8.10 g/t silver over 0.42m from 163.92m to 164.34m in GV2014-002. The Mezcala Formation/Morelos Formation favorable contact was intersected in drill hole GV2014-010. Based on the geological and analytical results obtained to date, the Punto Rojo target area is interpreted to be an intrusive centre where the presence of hornfels and alteration typically associated with skarn deposits in the GGB suggests that additional diamond drilling is required to zero in on and follow intrusive related precious metal mineralization akin to the GGB type deposits.

In the La Curva area two (2) diamond drill holes were completed to evaluate previously outlined surface gold anomalies in a geological setting that suggests the presence of an intrusive unit within Morelos Formation carbonates. A potential for epithermal vein type gold mineralization is also present in the area. Analytical highlights include a drill intersection of 1.68m grading 0.83 g/t gold and 3.10 g/t silver from 75.17m to 7 6.85m in GV2014-009.

Sections of similar core above and below were not assayed initially. In the Hornfels Hill target area a total of five (5) diamond drill holes were completed. The drill tests targeted an extensive hornfels alteration zone in close proximity to intrusive units within Mezcala Formation sediments.

To date no significant analytical results have been obtained from the target area and additional drilling to determine the origin of the hornfels is planned for 2015. Additional exploration activities undertaken during the period of September 2014 to December 2014 included a continuation of previous geological mapping at a regional scale as well as a detailed, target oriented scale to evaluate the large property holdings. The geological mapping program included the collection of additional rock samples as well as additional stream sediment sampling to add to the property database.

To date a total of 298 rock samples, 187 stream sediment samples and 390 soil samples have been collected over the property. An airborne gradiometer magnetic survey was also initiated in late 2014 and was completed on January 7, 2015. A total of 2,052 line kilometers were flown by Geotech Ltd. of Aurora, Ontario, Canada, utilizing their 3-axis airborne magnetic gradiometer geophysical system.

Survey lines were flown in an east-west direction at a line spacing of 200m, with isolated areas (eg Punto Rojo) being surveyed at a 100m line spacing. Results of this survey will be announced once the data has been received and interpreted.