Galore samples 208 g/t Au over 0.5 m at Dos Santos

2009-02-03 09:39 ET - News Release

Mr. Michael Byrne reports

GALORE REPORTS UP TO 208 GM PER TONNE GOLD OVER 0.5 METRES AT DOS SANTOS

Galore Resources Inc. has released final assay results from the 2008 trenching and rock sampling program on its Dos Santos project in northern Zacatecas state, Mexico.

The latest results from 118 samples include six samples exceeding one gram per tonne gold and range up to 208 g/t gold over 0.5 metre. All samples are from the San Jose epithermal gold target, which the company is preparing for drilling. T

he 14,000-hectare Dos Santos property is located adjacent to the northern claim boundary of Canplats Resources' Camino Rojo gold-silver-lead-zinc discovery and extends 20 kilometres to the north.

The 2008 exploration program on the Dos Santos project has been completed and analyses from over 900 rock samples have been received. The majority of these samples was collected from two areas of the property, known as Los Gemelos and San Jose.

Samples contained anomalous gold concentrations and anomalous concentrations of gold pathfinder elements. Thirty-two have gold concentrations exceeding 1,000 parts per billion gold, with 24 of these coming from San Jose.

Twenty-eight samples were previously checked and confirmed by fire assay in two laboratories. The samples are continuous chip samples taken from outcrops, trenches, old pits and underground workings.

"The Dos Santos project continues to generate excellent results and confirms our belief in the exceptional discovery potential within our property and the district. We are compiling the exploration data to plan our next phase of exploration on Dos Santos," said Michael Byrne, Galore's president.

These results are further confirmation of the epithermal gold exploration potential of the San Jose area of the property, which has had previously undocumented, artisanal mining activity.

The mineralization occurs in structurally controlled veins and iron oxide occurrences, hosted by altered and recrystallized Cretaceous-age carbonate rocks. Continuous chip samples were taken across veins and structures over sample lengths up to two metres.

The 2008 exploration program has yielded sufficient data to target a drill program on these two areas of the property. These include an epithermal gold target at San Jose and a vein system hosted in calc-silicate altered rocks and skarn at Los Gemelos.

Additional potential exists for the discovery of intrusive-related, disseminated gold mineralization, in areas of the property underlain by the Cretaceous Caracol formation. T

his geological setting is similar to the setting at Canplats Resources' Camino Rojo discovery and, on Galore's Dos Santos property, it exists over a strike length of approximately 20 kilometres.

Galore intends to aggressively explore this geological trend for disseminated gold mineralization, using the PeAplus or minusasquito deposit and Canplats' discovery as models.

Samples were shipped to Acme Analytical's preparation facility in Guadalajara, Mexico, and analyzed at Acme Analytical Laboratories' assay facility in Vancouver, B.C. All samples were analyzed using aqua regia digestion and ICP-MS analysis on a 30-gram sample. Selected 30-gram sample pulps were fire assayed. Sample pulps were also sent to ALS Chemex in North Vancouver where 30 grams were fire assayed with AA finish and reassayed by fire assay and gravimetric finish if initial assays exceed 10 parts per million gold.

The Dos Santos exploration program is being managed by Octavio Gonzalez, Galore's vice-president exploration for Mexico. Uwe Schmidt, PGeo, vice-president exploration and Galore's qualified person as defined by Canada's National Instrument 43-101, is responsible for supervising the Dos Santos program and has verified the technical data in this release.

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