Virgin Metals Inc.
TSX : VGM

Virgin Metals Inc.

February 14, 2008 08:29 ET

Cuatro Hermanos Drill Program Continues to Delineate Broad Zones of Porphyry Style Cu-Mo Mineralization

TORONTO, ONTARIO--(Marketwire - Feb. 14, 2008) - Virgin Metals Inc. (TSX:VGM) ("Virgin Metals" or the "Company") presents assay results for an additional eight drill holes at the Company's 100% owned Cuatro Hermanos copper-molybdenum porphyry property located 145 km southeast of Hermosillo in Sonora, northern Mexico. Assay results presented here, for drill holes CHRC13-07 through CHRC20-07, represent part of an on-going reverse circulation drill program for which twenty six holes totaling 5,907 meters have been completed.

Highlights from the drill results include:

Hole CHRC13-07 with 237.75 m grading 0.247% Cu and 0.014% Mo, including 22.86 m grading 0.725% Cu and 0.02% Mo and hole CHRC15-07 with 181.36 m grading 0.348% Cu and 0.031% Mo, including 33.53 m grading 0.757% Cu and 0.021% Mo

Holes CHRC13-07 to CHRC16-07 were drilled within a 1,500 m long x 500 m wide band of phyllic and silicic hydrothermal alteration located along the northern and eastern sides of the porphyry complex, in areas historically called the Sulfate Zone and the Main Zone, respectively. Exploration completed to date by Virgin Metals suggests that copper-molybdenum mineralization is continuous between the two zones, and accordingly the present campaign is aimed at demonstrating this potential continuity, then calculating a resource for the area. Drill holes CHRC17-07 to CHRC20-07 were sited nearly 2.5 km further to the west, on a separate porphyry target centered on topographic promontory known as Moly Hill, over an area historically called the West Zone. The current program is targeting depths of up to 300 meters, but most holes were stopped short of this depth due to limitations of the drilling equipment.

Virgin Metals' President and CEO, Chris Davie, commented, "With nearly 6,000 meters of drilling completed to date, our program has successfully extended the known limits of mineralization over two distinct porphyry targets. We recognize that mineralization in the Main and Sulfate Zones is open along a broad corridor to the east, as well as to the south and at depth. Notably drill hole CHRC15-07, located at the south end of Main Zone, has returned some of the best overall Cu and Mo grades seen to date on the project, and like many of our drill holes it too has bottomed in mineralization. As well, in some of the RC holes we note that grades improve appreciably at depth. Although we have completed only four holes in the West Zone, we are seeing consistently higher moly grades there, and believe that the area will contribute significantly to the overall resources base at Cuatro Hermanos. After finishing the RC drilling phase of the exploration campaign during the next week, and processing data for our recently completed geophysical survey, we anticipate initiating a 5,000 meter deep core drilling program during the first half of 2008."

Assay results for Virgin Metals' drill holes are summarized in Table 1 below:



Table 1. Reverse Circulation Drilling - Cuatro Hermanos Project

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Hole ID Inclination Total From To Intercept True Cu Mo
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(degrees) Depth Thickness
(m) (m) (m) (m) (m) (%) (%)
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CHRC13-07 -70 272.80 35.05 272.80 237.75 197.28 0.247 0.014
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Including 35.05 57.91 22.86 21.48 0.725 0.02
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and 109.73 161.55 51.82 48.69 0.282 0.012
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CHRC14-07 -70 216.41 188.98 216.41 27.43 25.78 0.146 0.003
-------------------------------------------------------------------------
CHRC15-07 -70 254.51 73.15 254.51 181.36 170.42 0.348 0.031
-------------------------------------------------------------------------
Including 73.15 106.68 33.53 31.51 0.757 0.021
-------------------------------------------------------------------------
CHRC16-07 -85 263.66 60.96 68.58 7.62 7.59 0.159 0.007
-------------------------------------------------------------------------
CHRC17-07 -75 131.07 6.10 131.07 126.60 117.43 0.121 0.004
-------------------------------------------------------------------------
CHRC18-07 -90 236.22 33.53 236.22 202.69 202.69 0.185 0.016
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Including 33.53 51.82 18.29 18.29 0.345 0.013
-------------------------------------------------------------------------
and 164.59 236.22 71.63 71.63 0.250 0.021
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CHRC19-07 -90 239.27 33.53 239.27 205.74 205.74 0.174 0.031
-------------------------------------------------------------------------
CHRC20-07 -90 80.77 0 80.77 80.77 80.77 0.105 0.038
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Including 0 41.15 41.15 41.15 0.105 0.052
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Mineralization at Cuatro Hermanos is localized primarily in quartz-sericite-pyrite dominant phyllically altered Lower Tertiary quartz diorite, granodiorite, and diorite, containing varying amounts of chalcopyrite, chalcocite, bornite, and molybdenite as disseminations and veinlet stock works. To date, only a small portion of this large porphyry system has been evaluated.

At the beginning of the New Year, drill contractor, Layne de Mexico's track-mounted RC rig was moved from the West Zone, back east, to the Main Zone where it has completed another six drill holes (CHRC21-08 through CHRC26-08) for which assay results are not yet available. A map showing the location of the drill holes along with other information about the Company and its projects is available at: www.virginmetals.com.

Samples of drill cuttings at Cuatro Hermanos are being collected at 1.52 m (5 ft.) intervals, and reduced in size whenever necessary to (ideally) 3 to 4 kg using a Jones riffle splitter. Plastic sample bags are immediately sealed on-site using pre-numbered security tags. The samples are stored for a short time at the Company's field office near the project, until they can be transported by Company personnel to ALS Chemex's sample preparation facility in Hermosillo. A duplicate pulp and the reject material for all samples are being securely stored for possible future use. All assay work is being carried out at ALS Chemex's ISO 9001-2000 certified laboratory in Vancouver, Canada. Virgin Metals has incorporated quality control measures for the analytical work including the insertion of standards, blanks, and duplicate samples, details for which will be made available in a future news release.

In other news, preliminary results have been received from geophysics contractor, Zonge Geosciences, for 26 line-kilometers of induced polarization-resistivity surveying completed last month over the Cuatro Hermanos porphyry system. The work indicates that large portions of Cerro San Felipe are underpinned by IP chargeability anomalies, which appear to extend to great depth and indicate the presence of significant disseminated sulfide concentrations. Such work will be used to help define targets for the upcoming core drilling program. Further information will be made available for this study after the data has been adequately processed and evaluated.

Exploration at the Cuatro Hermanos project is being supervised by John C. Spurney, the company's Vice President of Exploration. Mr. Spurney, a qualified person as defined under the terms of National Instrument 43-101, has reviewed the contents of this press release.

About Virgin Metals

Virgin Metals is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is undergoing a feasibility study and is expected to evolve rapidly towards production while the other, Cuatro Hermanos, is presently the focus of an intense exploration effort.

FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking information" within the meaning of the Securities Act (Ontario), including, but not limited to, statements as to timing and extent of exploration programs and the availability of exploration results. As such, forward-looking information addresses future events and conditions and so involves inherent risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Virgin Metals documents filed from time to time with the Ontario Securities Commission and other regulatory authorities. Actual results could differ significantly from those currently projected as a result of, among those factors, adverse weather, regulatory changes, delays in receiving permits, accidents and delays in completing exploration activities not all of which are in the control of Virgin Metals. The forward-looking information contained herein is Virgin Metal's reasonable estimate today of future events and conditions, but no assurance can be given that such events or conditions will occur.

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