Artha Resources Corporation
TSX VENTURE : AHC

Artha Resources Corporation

September 19, 2011 13:37 ET

Artha Resources Corporation: Drilling Update at Ivan Alberto Property, Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2011) - Artha Resources Corporation (TSX VENTURE:AHC) is pleased to announce that the Company has completed a total of eight (8) diamond drill holes, for a total of approximately 1,750m in a planned 14 hole program (Table 1). These holes have all been drilled in the north eastern part of the project and are designed to test the lateral and vertical continuity of the vein swarm previously mapped. The vein system has a surface extent of almost four kilometers in strike length and a total combined width of over one kilometer (Map 1). Four main veins have been targeted in this first phase of drilling, Morocha, Eva, Ivana and Mercedes in the NE part of the project (Map 2). Assays have been received from four holes to date and are summarized in Table 2. Two cross sections have been drafted and are shown in Maps 3 and 4 depicting mineralized intersections.

Highlights;

  • Silver dominates metallic mineralisation consistent with surface geochemistry, with associated base metals intersected in all holes.
  • All veins demonstrate good vertical and lateral continuity with up to 12 veins intersected in individual holes (DDH-IA-05), ranging from 0.1m to 2.3m in width.
  • A strike length of only 630m has been tested, with over 3km of strike length remaining untested.
  • Not all mapped veins have been intersected in completed drill holes with north western veins still remaining undrilled due to topographical constraints (Map 2).
  • Low grade silver, up to 29g/t, intersected over variable widths with associated copper, lead and zinc mineralisation intersected in all holes.
  • Structurally controlled dilatant zones associated with cross cutting faults where broader zones of mineralisation have been observed at surface, up to 8m wide (Photo 1), will be targeted in proposed holes.
  • Drilling has delivered positive preliminary results confirming the existence of an interpreted large low sulphidation, sheeted vein style silver-base metal-carbonate system.
  • Drilling is continuing with further assays expected in coming weeks.

The Ivan Alberto project is located in the southern part of the Sierra de Quichagua, Jujuy Province Northern Argentina (Map 1). The geology of the area consists of thin-beds of pelitic sediments locally interbedded with 2m-10m thick quartz sandstone beds belonging to the Cochinoca-Escaya Magmatic-Sedimentary Complex of Ordovician age. These sediments have been unconformably covered by Tertiary andesites to the northern and northeastern part of the area. Fresh dacite intrusive porphyries have been mapped to the south, where they occur aligned on a NE-SW fracture system.

The structural pattern shows a well-defined NE-SW trend characterized by reverse faults and folding. Intense fracturing and laminated veins parallel to the NE-SW local bedding have been defined in the southeastern flank of the Sierra de Quichagua, where it forms a broad sheeted zone (4km length x 1km width) originated by compressive stress.

Geological mapping has identified a well defined epithermal vein system striking N40-65E and at least 3.5km length, where ten (10) main mineralized structures and accessory sheeted veins occur: Eva, Morocha, Ivana, Mercedes, Colorada, Liliana, Mariana, Irene, Linda y Morena. The veins are all parallel to bedding and dip 45-85SE; vein thickness ranges between 0.10 to 5.0m. Broader zones of sulphide mineralisation have been observed at surfaced with associated massive sulphide mineralization (Photos 1 and 2). These zones provide key drilling targets.

The mineralization consists of base metal sulphides: sphalerite, galena, chalcopyrite and arsenopyrite, and usually occurs disseminated in quartz and carbonate veins, forming banded textures. Massive sulphides have been observed in rocks adjacent to cross cutting faults (Photo 2). Gold occurs in native submicroscopic particles sporadically in the system.

Table 1: Drill Hole locations and status
HOLE EASTERN NORTHERN ELEVATION AZIMUTH DIP LENGTH START DATE END DATE STATE
DDH-IA-01 796,705 7,478,174 3,875 310° -50 250 Proposed
DDH-IA-02 796,996 7,478,483 3,845 320° -50 250 Proposed
DDH-IA-03 797,336 7,478,935 3,765 322° -50 250 Proposed
DDH-IA-04 797,749 7,479,370 3,845 316° -45 242.35 10/08/2011 06/09/2011 Completed
DDH-IA-05 797,749 7,479,370 3,845 316° -60 250 06/09/2011 18/09/2011 Completed
DDH-IA-06 797,912 7,479,549 3,795 320° -45 222.95 01/08/2011 12/08/2011 Completed
DDH-IA-07 797,912 7,479,549 3,795 320° -60 265.45 12/08/2011 03/09/2011 Completed
DDH-IA-08 797,982 7,479,701 3,780 335° -70 250.45 19/06/2011 29/06/2011 Completed
DDH-IA-09 798,137 7,479,851 3,770 315° -45 210 06/09/2011 18/09/2011 Completed
DDH-IA-10 798,137 7,479,851 3,770 315° -65 270 Proposed
DDH-IA-11 798,267 7,480,067 3,813 315° -50 200 Proposed
DDH-IA-12 797,960 7,479,296 3,730 320° -45 91.5 02/07/2010 15/07/2011 Completed
DDH-IA-13 797,960 7,479,294 3,730 320° -80 215.07 16/07/2011 29/07/2011 Completed
DDH-IA-14 797,793 7,479,140 3,902 320° -45 150 Proposed
TOTAL 3117.77
Hole From (m) To (m) Width (m) Au g/t Ag g/t Cu_% Pb_% Zn_%
DDH-IA8 35.15 35.35 0.20 0.084 17.00 1.91 0.02 1.12
DDH-IA8 136.00 138.48 2.48 0.003 2.21 0.05 0.06 0.31
DDH-IA8 178.50 180.00 1.50 0.003 2.00 0.01 0.02 0.22
DDH-IA12 16.45 16.50 0.05 0.02 1.00 0.06 0.00 1.03
DDH-IA12 21.00 22.10 1.10 0.04 3.33 0.39 0.01 0.91
DDH-IA12 29.51 29.61 0.10 0.02 29.00 0.07 1.26 8.68
DDH-IA12 35.75 36.15 0.40 0.04 5.00 0.36 0.04 2.07
DDH-IA12 75.90 77.45 1.55 0.10 3.42 0.14 0.10 0.11
DDH-IA12 78.65 78.90 0.25 0.04 2.00 0.05 0.13 0.17
DDH-IA13 66.40 66.45 0.05 0.01 0.70 0.03 0.00 0.19
DDH-IA13 85.70 86.70 1.00 0.02 1.00 0.10 0.02 0.13
DDH-IA13 97.80 98.00 0.20 0.01 14.00 0.35 0.13 0.09
DDH-IA13 100.82 101.55 0.73 0.02 6.00 0.27 0.11 0.20
DDH-IA13 103.45 103.55 0.10 0.01 20.00 0.06 0.69 0.01
DDH-IA13 160.27 160.70 0.43 0.01 2.00 0.01 0.04 0.16
DDH-IA13 190.20 190.30 0.10 0.01 0.70 0.07 0.01 0.48
DDH-IA13 212.45 212.75 0.30 0.02 1.00 0.17 0.00 0.65
DDH-IA6 74.35 74.80 0.45 0.01 3.00 0.04 0.05 3.07
DDH-IA6 115.70 116.20 0.50 0.01 4.00 0.02 0.07 0.49
DDH-IA6 121.10 121.85 0.85 0.01 2.00 0.03 0.01 0.52
DDH-IA6 125.00 125.30 0.30 0.01 18.00 0.04 0.50 1.10
DDH-IA6 137.85 138.30 0.45 0.01 4.00 0.06 0.11 0.04
DDH-IA6 176.60 177.50 0.90 0.01 1.00 0.01 0.03 0.12
Table 2: Drill Hole assays received to date.

Artha is pleased by the results to date in our inaugural drilling program on this exciting project and looks forward to providing further market updates as the program continues.

To view photos and maps associated with news release, visit the following link: http://media3.marketwire.com/docs/Photos1and2_Maps1to4.pdf

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 team's primary goal is to build Artha into a world class mining company, focused on the discovery, development and mining of economic minerals deposits globally.

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.

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