Artha Resources Corporation

Artha Resources Corporation

May 09, 2011 16:00 ET

Artha Advances Gold-Silver-Base Metals Target-Drilling to Begin

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2011) - Artha Resources Corporation (TSX VENTURE:AHC) is pleased to announce that the company has completed detailed surface mapping and sampling on its Ivan Alberto Prospect in Jujuy Province, NW Argentina (Map 1) with impressive gold-silver-base metal anomalies continuing to be delivered providing further strong supporting evidence that a very large polymetallic mineralized system is present. Gold and silver dominate the targets with single rock chip samples returning up to 7 g/t gold in the latest program. Drilling is scheduled to begin this month with a contract signed with Energold Drilling.

  • The Ivan Alberto prospect was discovered by Artha in 2010 with a 4km by 1km zone of polymetallic multi-quartz veining, stockworking and alteration identified.
  • Follow-up sampling has now been completed during the March-April 2011 program.
  • Geological mapping has identified a well defined epithermal vein system at least 3.5km in length where 10 main mineralized structures and accessory sheeted veins occur.
  • The geochemical signature of the veins is typical of a Copper-Zinc-Lead-Gold-Silver epithermal system.
  • Four zones have been identified for drilling within the 4km long system.
  • Zone 3 is located in the northeastern part of the system, has a length of 900m and has a strong polymetallic metal association of Au-Cu-Zn-Pb-Ag. Zone 3 provides an excellent drilling target due toits size and the gold values reported (1-7 g/t Au). There are some reported Ag values up to 30.4 g/t in the Eva Vein.
  • Initial 3,000 meter diamond drilling program is scheduled to begin this month.

Mineralized System

Geological mapping has identified a well defined epithermal vein system striking N40-65E and at least 3.5 km in length where 10 main mineralized structures and accessory sheeted veins occur: Eva, Morocha, Ivana, Mercedes, Colorada, Liliana, Mariana, Irene, Linda y Morena. The veins parallel the bedding and dip 45-85SE; vein thickness ranges between 0.15-5.0m.

The mineralization consists of base metal sulphides, including sphalerite, galena, chalcopyrite and arsenopyrite, and usually occurs disseminated in quartz veins and in banded textures. Gold occurs in native form in submicroscopic particles. Gangue minerals include pyrite, pyrrhotite, quartz (milky, hyaline and drussy quartz), barite and calcite. Abundant disseminate iron oxides: hematite, goethite, jarosite and manganese oxides occur, in boxworks, fractures and vugs.

The alteration assemblage is characterized by weak sericite, clays, kaolinite, silica and pyrite and forms a 1 to 4 meter thick halo in the walls of the veins. A weak supergene argillization is very common in the mineralized area.

A total of 856 rock samples have been collected from the Ivan Alberto prospect and been assayed for Au and 48 other elements at the ALS Chemex lab in Mendoza, Argentina. Four key zones have been identified for drilling which have a characteristic metal association (Map 2).

With advanced drill ready targets and a large, highly prospective land position in Argentina,the Company has strategically decided to drop its option on the Wyoming uraniumproperties and focus its resources in Argentina.

Charles Straw, B.Sc., is the qualified person under NI 43-101 responsible for the technical information in this news release.

Artha was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. The Company's principle exploration target adjoins Silver Standards Pirquitas Mine, one of the largest primary silver mines in the world located in the province of Jujuy in NW Argentina. Artha is one of the largest mineral explorers in this region with over 2,100 square kilometers of properties prospective for silver, gold, base metals and rare earths.

To view Map 1 and Map 2, please click on the following link:

On Behalf of the Board of Directors,

Todd McMurray, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information