Canplats Resources Corporation
TSX VENTURE : CPQ

Canplats Resources Corporation

April 29, 2008 05:30 ET

Canplats Resources Corporation: Camino Rojo Drilling Continues to Intersect Strong Gold-Silver-Lead-Zinc Mineralization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2008) - Canplats Resources Corporation (TSX VENTURE:CPQ) is pleased to announce the results of seven additional reverse circulation drill holes from the Represa Zone of the Camino Rojo project in the State of Zacatecas, Mexico.

Significant results include:

- Reverse circulation drill holes CR-34, CR-35, CR-36, and CR-38, which were drilled at 50 meter intervals along section 244,300E, returned strong mineralization in all holes, including 248 meters averaging 1.46 grams gold per tonne, 9.64 grams silver per tonne, 0.21% lead, and 0.26% zinc in drill hole CR-38.

- Reverse circulation drill hole CR-39, located on section 244,400E, returned 224 meters averaging 1.50 grams gold per tonne, 24.45 grams silver per tonne, 0.57% lead, and 0.53% zinc.



--------------------------------------------------------------------------
Interval
Hole From To (ii) Gold Silver Lead Zinc
No. (meters) (meters) (meters) (g/tonne) (g/tonne) (%) (%)
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CR-33(i) 0 288 288 0.39 12.45 0.13 0.32
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CR-34(i) 0 300 300 0.97 8.07 0.32 0.39
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incl. 94 232 138 1.18 21.08 0.29 0.41
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CR-35(i) 0 300 300 0.75 15.81 0.33 0.37
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incl. 134 228 94 1.14 22.94 0.29 0.41
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CR-36(i) 0 300 300 0.88 10.68 0.32 0.29
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incl. 12 202 190 1.14 12.75 0.42 0.31
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CR-37(i) 0 256 256 0.49 10.09 0.20 0.38
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incl. 174 256 82 0.81 12.38 0.20 0.55
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CR-38 0 248 248 1.46 9.64 0.21 0.26
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incl. 0 116 116 2.58 11.48 0.32 0.32
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CR-39(i) 0 224 224 1.50 24.45 0.57 0.53
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incl. 92 224 132 2.20 33.41 0.69 0.62
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(i) Hole ended in mineralization
(ii) True width to be determined
Maps and cross-sections will be available at Canplats' Web site:
www.canplats.com.


Initial drilling has now commenced to test IP/chargeability anomalies extending from the Represa Zone to the Don Julio Zone, 1,000 meters to the southwest. This drilling will follow-up encouraging results from previously-announced drill hole CR-32, which extended the western margin of the known Represa Zone mineralization (see news release dated April 10, 2008).

Four drill rigs are currently in operation at the Camino Rojo project; two reverse circulation drills are focused on extending and delineating the oxide mineralization, while two diamond drills are targeting mineralization at depth. The 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 Guadalajara, 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 info@canplats.com 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
    or
    Canplats Resources Corporation - Corporate Information
    Bruce A. Youngman
    President and C.O.O.
    Direct: (604) 484-5960
    or
    Canplats Resources Corporation - Investor Inquiries
    Blaine Monaghan
    Director, Investor Relations
    Direct: (604) 484-2194 or NA Toll Free: 1-866-338-0047
    Email: info@canplats.com
    Website: www.canplats.com
    or
    G2 Consultants Corporation - Investor Inquiries
    NA Toll Free: 1-866-742-9990 or (604) 742-9990
    (604) 742-9991 (FAX)
    Email: canplats@g2consultants.com