News... GREAT NEWS:)
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Dec 11, 2007 06:08AM
Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.
Canplats Resources Corporation: Camino Rojo Drilling Intersects 183 Meters Averaging 1.61 Grams Per Tonne Gold From Surface
Tuesday December 11, 5:30 am ET
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CR-06, collared 45 meters south of CR-01 and inclined at -50 degrees to the north, intersected 183 meters averaging 1.61 grams of gold per tonne, 12.84 grams of silver per tonne, 0.49% lead and 0.31% zinc, including 72 meters averaging 2.59 grams of gold per tonne, 18.03 grams of silver per tonne, 0.76% lead and 0.33% zinc. These intersections were hosted entirely in oxide mineralization, and the hole ended in mineralization.
-------------------------------------------------------------------------- Interval From To (iii) Gold Silver Lead Zinc Hole No. (meters) (meters) (meters) (g/tonne) (g/tonne) (%) (%) -------------------------------------------------------------------------- CR-01(i) 0 146 146(ii) 1.10 9.71 0.29 0.25 -------------------------------------------------------------------------- CR-02(i) 0 129 129 0.76 11.87 0.29 0.25 -------------------------------------------------------------------------- CR-03(i) 0 147 147(ii) 1.05 10.87 0.38 0.27 -------------------------------------------------------------------------- CR-04 0 180 180(ii) 0.66 11.55 0.21 0.34 -------------------------------------------------------------------------- incl. 170 180 10(ii) 0.78 11.04 0.16 0.49 -------------------------------------------------------------------------- CR-05 110 118 8 2.27 5.56 NSV NSV -------------------------------------------------------------------------- CR-06 0 183 183(ii) 1.61 12.84 0.49 0.31 -------------------------------------------------------------------------- incl. 68 140 72 2.59 18.03 0.76 0.33 -------------------------------------------------------------------------- (i) Previously reported in news release dated November 26, 2007 (ii) Hole ended in mineralization (iii) True width to be determined. Maps of the drill program are available at the Canplats web site, http://www.canplats.com.
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Hole CR-05, inclined at -50 degrees to the west, was a wildcat hole drilled in a new area now called the Don Julio Zone which was defined by an induced polarization (IP) geophysical study (see news release dated November 26, 2007.) CR-05 intersected 8 meters averaging 2.27 grams of gold per tonne and 5.56 grams of silver per tonne. These results confirm that the area is mineralized, and additional geophysical studies are underway to refine the drill targets in this large anomaly.
Ten holes have been drilled to date on the property, and drilling will continue into late December. Further results will be released as they are received.
All work is being supervised by Ken McNaughton, vice-president, exploration, and a qualified person as defined by Canada's National Instrument 43-101 responsible for the Camino Rojo exploration program and has verified the data in the table above. All samples were submitted for preparation in Chihuahua, Mexico and analysis at its facilities in Vancouver, B.C. by ALS Chemex. All samples were analyzed using aqua regia digestion with ICP finish. All gold samples were fire assayed with an AA finish and all samples over 10 ppm gold were re-assayed using a fire assay with a gravimetric finish. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. One in 20 samples was blind duplicate assayed at ALS Chemex in Vancouver, B.C.
To receive Canplats' news releases by e-mail, contact Blaine Monaghan, Director, Investor Relations, at info@canplats.com or (866) 338-0047. Some of the statements contained in the company's news releases may be forward-looking statements such as the company's future plans, objectives and goals. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties which could cause actual results to vary considerably from these statements. The risks and uncertainties include general and economic conditions as well as those described in Canplats' SEC Form 20F as amended.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
Contacts: Canplats Resources Corporation R.E. Gordon Davis Chairman, President and C.E.O. Direct: (604) 484-8220 Canplats Resources Corporation Blaine Monaghan Director, Investor Relations Direct: (604) 484-2194 or NA Toll Free: 1-866-338-0047 Email: info@canplats.com Website: http://www.canplats.com G2 Consultants Corporation Investor Inquiries NA Toll Free: 1-866-742-9990 or (604) 742-9990 (604) 742-9991 (FAX) Email: canplats@g2consultants.comSource: Canplats Resources Corporation