VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2014) - Darwin Resources Corp. ("Darwin" or the "Company") (TSX VENTURE:DAR)(PINKSHEETS:DARWF)(FRANKFURT:DWU): Darwin announces results from two diamond drill holes at the Suriloma epithermal gold project in the Department of La Libertad, Peru.
- Two diamond holes were drilled at the La Puerta area for a total of 732 metres. The holes targeted IP geophysical anomalies and down-dip extensions of known epithermal vein mineralization.
- Hole SU-013 intersected 15.6 metres @ 1.0 g/t gold from 213.8 metres including 3.7 metres @ 3.2 g/t gold from 216.9 metres. This intersection is down-dip and along strike of previous drilling at La Puerta Zone A, including 7.5 metres @ 2.3 g/t gold from 84.2 metres and 5.0 metres @ 2.1 g/t gold from 187.7 metres.
- A number of untested targets remain over the large Suriloma project area. Drilling has stopped to allow a complete review of the full results.
Dr Graham Carman, President and CEO of Darwin, said: "Results from the recent drilling have shown that La Puerta is an extensive and continuous gold epithermal vein system with mineralization drilled only over 700 metres and open in all directions. This short drill program extended gold mineralization 50 metres below any previous drilling. La Puerta is one of multiple target areas over 6 km of strike at the Suriloma project. Further work is now required to identify higher grade portions of the epithermal vein system, with many strong targets remaining untested."
The recent two-hole drill program was designed to test two of the highest priority IP geophysical anomalies at the La Puerta area (see Darwin Press Release 28 October 2013). Earlier, gold intersections in eleven shallow drill holes with an average vertical depth of 80 metres included 13.1 metres @ 1.4 g/t gold from 50.8 metres and 7.5 metres @ 2.3 g/t gold from 84.2 metres (see Darwin Press Release August 19 2013).
Hole SU-013 intersected 15.6 metres @ 1.0 g/t gold from 213.8 metres including 3.7 metres @ 3.2 g/t gold from 216.9 metres within a larger veined and altered zone 65 metres wide. This intersection is down-dip and along strike of other intersections from La Puerta Zone A including 7.5 metres @ 2.3 g/t gold from 84.2 metres and 5.0 metres @ 2.1 g/t gold from 187.7 metres - see Figure 1. Mineralization in the veins dips steeply to the north, while results in SU-013 suggest that Zone A and Zone B may join up into a single structure. These results are believed to reflect relatively high-level epithermal mineralization with grades potentially increasing with depth. Gold mineralization is associated with disseminated sulphides in strongly altered and brecciated volcanic rocks with minor quartz veining. New drill results are summarized in Table 1.
Hole SU-012 drilled into a modelled IP chargeability anomaly offset from the main mineralized trend at La Puerta - see Figure 1. No significant gold mineralization was intersected and it is interpreted that this hole tested the periphery of the epithermal system and the chargeability anomaly is not directly related to the gold mineralization.
Results announced herein are considered similar to earlier drill results and further work is required to identify higher grade portions of the vein system, which typically exist in these epithermal systems. The Company is carrying out a detailed review of all target areas at Suriloma to determine a ranking system. In addition to the multiple vein targets, a copper porphyry target also exists at the Edelmira area - see Figure 2. Drilling at Edelmira will require a new permit from the Peruvian authorities and discussions have initiated with the landholders. Overall, management is conducting a detailed review of the Suriloma property to consider and plan next phase work programs. In addition management continues to review and consider other acquisition opportunities.
The qualified person, Dr Graham Carman, Darwin's President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.
True thickness is estimated to be 85-90% of the average drilled width of the mineralized structures which are steep north dipping. The drilling was undertaken by RAM Peru SAC of Lima Peru who provided HQ core from surface and NQ core from around 250 metres depth. Drill recoveries were excellent and average close to 100%. After photographing and logging, core intervals averaging 1.5 metres in length (about 3.5 kg per sample) were cut in half at Darwin's core cutting shed in Otuzco Peru. The samples were then transported by courier service to the Certimin laboratory in Lima. The remaining half core is retained on site for verification and reference purposes. At Certimin the samples were weighed, dried, crushed to -2mm, and split with a 500g sample pulverized for analyses. Samples were analysed by Certimin for gold by 50g fire assay with AAS finish (method G0107). Thirty five trace and major elements were analysed by ICP-AES at Certimin using aqua-regia digestion (method G0146). The QA/QC program of Darwin consists of the systematic insertion of two certified standards of known gold content, two blanks, and two duplicate samples (each of 1/4 core) into a batch of 60 samples. Certimin also inserts its own blanks and standards into the analytical process.
About Darwin Resources Corp (TSX VENTURE:DAR)(PINKSHEETS:DARWF)(FRANKFURT:DWU):
Darwin is a resource acquisition and development company focussing on Peru. The Company has an option to acquire 100% of the Suriloma epithermal gold property in the Department of La Libertad.
|On behalf of the Board,
|Dr Graham Carman, President & CEO
Forward Looking Statements This Company News Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, failure to successfully complete intended financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world metal markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, success of future development initiatives, competition, operating performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local authorities, and other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Darwin believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
Table 1. Drill hole collar and significant intercepts from recent holes at Suriloma
||No significant results
||La Puerta North
Collar coordinates (Easting and Northing) are in PSAD56 zone 17S. Depths (From, To) are down-hole depths in metres as is Interval (Int).
To view Figure 1. Plan of drill intercepts at La Puerta, please visit the following link:
To view Figure 2. Suriloma IP chargeability at 250m depth with drill holes and prospective areas, please visit the following link: