Marifil Mines Ltd.
TSX VENTURE : MFM

Marifil Mines Ltd.

June 01, 2006 08:32 ET

Phase III Drilling Expands Toruel Deposit

SPOKANE, WASHINGTON--(CCNMatthews - June 1, 2006) -

Remains Open to West and Down Dip

MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") reports Phase III drilling confirms the Toruel vein extends at least 150 m further westward from previous drilling. Importantly, it also showed mineralization continuing down dip where DH-55 intercepted 3.65 m grading 1.94 g/t gold, 438 g/t silver, and 0.25% copper. This intercept is approximately 70 m below the surface and 40 m below the previously reported (see Marifil release of July 20, 2005) intercept of 0.70 m grading 1.92 g/t gold, 594 g/t silver and 2.14% copper in DH-27.

Notes John Hite, Marifil CEO, "In summary, the current drilling did not close off the Toruel mineralization, and leaves open some tantalizing possibilities of ore shoots extending to depth. Additionally, we think the highly geochemically anomalous metal values in drill samples from the nearby White Goat and Uno Veins reflect much stronger underlying mineralization".

The Company completed 1,590.25 m of Reverse Circulation (RC) drilling and 179.65 m of core drilling in 14 holes on its Phase III drill program.

Drill holes DH-49, 50, 51, and 52 tested the West Vein (a western extension of the main Toruel vein). RC-50 cut three mineralized intervals including 2.0 m grading 1.14 g/t gold, 256 g/t silver, and 0.61% copper.

Company geologists have divided the Toruel vein system into three segments called the Main Vein, Hidden Vein, and West Vein. Each segment is separated by cross faults.

West Vein

West Vein (RC holes are Reverse Circulation holes; DH holes are Diamond Drill Core holes):



--------------------------------------------------------------------
Drill From(m) To(m) Width Au Ag(g/t) Cu(%)
Hole (m) (g/t)
--------------------------------------------------------------------
RC-49 Only geochemically
anomalous
mineralization
--------------------------------------------------------------------
RC-50 72.0 73.0 1.0 0.49 102 0.35
Plus 81.0 82.0 1.0 0.35 158 0.11
Plus 105.5 107.5 2.0 1.14 256 0.61
Including 1.0 1.81 420 1.09
--------------------------------------------------------------------
RC-51 94.0 95.0 1.0 0.25 91 0.17
--------------------------------------------------------------------
RC-52 Only geochemically
anomalous
mineralization
--------------------------------------------------------------------


RC-52 is the western-most hole on the Toruel vein. Silicification and quartz breccia anomalous in precious and base metals are reported from 58-64 meters (m), 72-84 m, 87-91 m, 94-98.5 m, 135-139 m, and 141-147 m down the hole.

Recently constructed geologic long sections of the vein show a potentially large ore shoot raking westward at 15 to 20 degrees. This possible ore shoot is centered on DH 24 with 5.0 m grading 0.98 g/t gold, 964 g/t silver, and 3.71% copper (see Marifil release of July 20, 2005). Depth penetrations of RC 51 and 52, respectively 50 and 100 m west of DH-50 were too shallow to intersect the projected top of this target. The holes did cut multiple sulfide bearing veins and silicified breccias with anomalous amounts of gold, silver, arsenic, barium, copper, molybdenum, lead, antimony, and zinc. Our geologists believe this vein geochemistry is indicative of an underlying ore shoot. Holes 50, 51, and 52 show the mineralization not only persists to the west, but also that the Toruel structure is thickening to the west.

Hidden Vein

Drill holes 53 through 56 tested the main portion of the Toruel vein, DH-53 and 54 hit weak mineralization consistent with our model of west plunging ore zones.



--------------------------------------------------------------------
Drill From(m) To(m) Width Au Ag(g/t) Cu(%)
Hole (m) (g/t)
--------------------------------------------------------------------
DH-53 39.7 41.65 1.95 0.93 192 0.19
--------------------------------------------------------------------
DH-54 73.0 73.85 1.85 0.61 88 less
Than
0.1
--------------------------------------------------------------------
DH-55 80.5 84.15 3.65 1.94 438 0.25
Including 1.0 4.86 896 0.20
--------------------------------------------------------------------
RC-56 Only geochemically
anomalous
mineralization
--------------------------------------------------------------------
RC 60 56.0 58.0 2.0 0.10 238 0.96
--------------------------------------------------------------------
RC-61 115 118 3.0 0.43 108 less
than
0.10
Including 115 116 1.0 0.58 154 0.12
--------------------------------------------------------------------


Main Toruel Vein

RC 57 drilled a gap in our phase 1 drilling along the main Toruel vein:



--------------------------------------------------------------------
RC-57 38.5 40.5 2.0 0.45 78 less
than
0.01
--------------------------------------------------------------------


This hole cut significant amounts of lead and zinc and continues to support our model that this portion of the Toruel vein has been uplifted and deeply eroded such that we are looking at the root zone of this large epithermal system.

Other Veins:

The Company also carried out wildcat drilling to test under the White Goat, Mancha Blanca, and Uno veins all located about 1.5 kilometers southwest of the Toruel vein system. Our current model is that these veins are all high level expressions of deeper mineralization.

White Goat

Drill holes RC-58 and RC-59 tested the sub parallel White Goat vein located about 1.5 kilometers to the southwest of the Toruel vein and both showed only geochemically anomalous mineralization.

These drill holes cut strongly anomalous amounts of gold, silver, arsenic, antimony, molybdenum, lead, and zinc in silicified breccias which show weaker surface geochemistry. The higher subsurface values warrant deeper drilling.

Mancha Blanca

RC-62 cut two separate intervals of silicified hydrothermal breccias and four intervals of quartz and calcite veining. Only weakly anomalous amounts of gold, silver, or other metals are present. No further work is planned for this vein.

Uno

RC-63 tested the Uno vein. There are no significant mineralized intercepts. The hole did cut geochemically anomalous amounts of gold, silver, arsenic, antimony, molybdenum, lead, and zinc. Again, this geochemistry suggests that deeper drilling is warranted.

Caution should be observed when considering the results for RC 51, 52, 58, 59 and 60. Reported assays could be understated because the drilling of these holes required water injection and additives to handle the influx of ground water, which can effectively dilute the assay sample of drill cuttings and also cause some loss of the heavy sulfide minerals. For this reason all future drilling will be coring only in the breccia intervals.

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com.)

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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