Canplats Resources Corporation

Canplats Resources Corporation

May 01, 2008 06:30 ET

Canplats Resources Corporation: Camino Rojo Drilling Intersects 233 Meters Grading 1.18 Grams Gold Per Tonne in Step-Out Hole 250 Meters to West

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - Canplats Resources Corporation (TSX VENTURE:CPQ) is pleased to announce the results of five additional diamond drill holes at the Camino Rojo project in the State of Zacatecas, Mexico.

Diamond drill hole CRD-09, a step-out hole located 250 meters to the west of previous Represa Zone drilling, intersected two zones of significant mineralization, including 233 meters averaging 1.18 grams gold per tonne, 6.11 grams silver per tonne, 0.06% lead, and 0.33% zinc. This hole, inclined at -60 degrees to the north and drilled to a depth of 791 meters, is associated with IP/chargeability anomalies that extend from the Represa Zone to the Don Julio Zone, 1,000 meters to the west-southwest.

Diamond drill holes CRD-05, CRD-06, CRD-07 and CRD-08 were inclined at -60 degrees to the north and intersected broad intervals of Represa Zone mineralization to depths of up to 550 meters below surface.

Drill results are summarized in the following table:

Hole No. From To Interval(ii) Gold Silver Lead Zinc
(meters) (meters) (meters) (g/tonne) (g/tonne) (%) (%)
CRD-05 124.26 314.00 189.74 0.28 11.08 0.10 0.43
CRD-06(i) 0.00 116.74 116.74 0.40 14.94 0.22 0.30
CRD-07 56.00 480.00 424.00 0.53 13.36 0.12 0.46
incl. 165.30 276.00 110.70 1.10 25.49 0.13 0.58
CRD-08(i) 28.00 662.00 634.00 0.44 12.84 0.13 0.33
incl. 28.00 262.50 234.50 0.61 20.54 0.17 0.36
incl. 164.00 244.00 80.00 1.06 39.87 0.26 0.57
CRD-09 298.00 314.00 16.00 2.34 18.58 0.03 0.12
491.00 724.00 233.00 1.18 6.11 0.06 0.33
(i) Hole ended in mineralization
(ii) True width to be determined
Maps and sections of the drill program will be available at the
Canplats web site,

The 150,000 hectare (580 square mile) Camino Rojo project is wholly-owned by Canplats Resources and is located in an area of excellent infrastructure, 50 kilometers to the southeast of Goldcorp's Penasquito mine.

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 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.

Contact Information

  • Canplats Resources Corporation - Corporate Information
    R.E. Gordon Davis
    Chairman and C.E.O.
    Direct: (604) 484-8220
    Canplats Resources Corporation - Corporate Information
    Bruce A. Youngman
    President and C.O.O.
    Direct: (604) 484-5960
    Canplats Resources Corporation - Investor Inquiries
    Blaine Monaghan
    Director, Investor Relations
    Direct: (604) 484-2194 or NA Toll-Free: 1-866-338-0047
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