Canplats Resources Corporation
TSX VENTURE : CPQ

Canplats Resources Corporation

December 11, 2007 05:30 ET

Canplats Resources Corporation: Camino Rojo Drilling Intersects 183 Meters Averaging 1.61 Grams Per Tonne Gold From Surface

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2007) - Canplats Resources Corporation (TSX VENTURE:CPQ) is pleased to report that a 183 meter drill hole intersected oxide gold and silver mineralization from surface in the Represa Zone of the Camino Rojo project in the State of Zacatecas, Mexico.

CR-06, collared 45 meters south of CR-01 and inclined at -50 degrees to the north, intersected 183 meters averaging 1.61 grams of gold per tonne, 12.84 grams of silver per tonne, 0.49% lead and 0.31% zinc, including 72 meters averaging 2.59 grams of gold per tonne, 18.03 grams of silver per tonne, 0.76% lead and 0.33% zinc. These intersections were hosted entirely in oxide mineralization, and the hole ended in mineralization.



--------------------------------------------------------------------------
Interval
From To (iii) Gold Silver Lead Zinc
Hole No. (meters) (meters) (meters) (g/tonne) (g/tonne) (%) (%)
--------------------------------------------------------------------------
CR-01(i) 0 146 146(ii) 1.10 9.71 0.29 0.25
--------------------------------------------------------------------------
CR-02(i) 0 129 129 0.76 11.87 0.29 0.25
--------------------------------------------------------------------------
CR-03(i) 0 147 147(ii) 1.05 10.87 0.38 0.27
--------------------------------------------------------------------------
CR-04 0 180 180(ii) 0.66 11.55 0.21 0.34
--------------------------------------------------------------------------
incl. 170 180 10(ii) 0.78 11.04 0.16 0.49
--------------------------------------------------------------------------
CR-05 110 118 8 2.27 5.56 NSV NSV
--------------------------------------------------------------------------
CR-06 0 183 183(ii) 1.61 12.84 0.49 0.31
--------------------------------------------------------------------------
incl. 68 140 72 2.59 18.03 0.76 0.33
--------------------------------------------------------------------------
(i) Previously reported in news release dated November 26, 2007
(ii) Hole ended in mineralization
(iii) True width to be determined.
Maps of the drill program are available at the Canplats web site,
www.canplats.com.


Other results include hole CR-04, drilled 115 meters south of hole CR-01, inclined at -50 degrees to the north and drilled close to the southern limit of the Represa Zone, which intersected 180 meters averaging 0.66 grams of gold per tonne, 11.55 grams of silver per tonne, 0.21% lead and 0.34% zinc. The bottom of hole CR-04 intersected 10 meters of sulphide mineralization averaging 0.78 grams of gold per tonne, 11.04 grams of silver per tonne, 0.16% lead and 0.49% zinc. The sulphide intersection is very significant as it confirms the exploration potential to depth below the zone of oxide mineralization.

Hole CR-05, inclined at -50 degrees to the west, was a wildcat hole drilled in a new area now called the Don Julio Zone which was defined by an induced polarization (IP) geophysical study (see news release dated November 26, 2007.) CR-05 intersected 8 meters averaging 2.27 grams of gold per tonne and 5.56 grams of silver per tonne. These results confirm that the area is mineralized, and additional geophysical studies are underway to refine the drill targets in this large anomaly.

Ten holes have been drilled to date on the property, and drilling will continue into late December. Further results will be released as they are received.

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 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
    R.E. Gordon Davis
    Chairman, President and C.E.O.
    Direct: (604) 484-8220
    or
    Canplats Resources Corporation
    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