Marifil Mines Ltd.

Marifil Mines Ltd.

September 09, 2011 09:00 ET

Drilling to Resume at Marifil's San Roque Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2011) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") announces that NovaGold Resources Inc. (NovaGold) has notified the Company that a drill is being mobilized to the San Roque project this week.

The San Roque property consists of about 70,000 hectares covering a large precious and base metal epithermal sulphide system located in Rio Negro Province, Argentina. The project is 65 kilometers from a port on the Atlantic coast within an area of excellent infrastructure. The complex sulphide system contains gold, silver, lead, zinc, indium, and minor amounts of molybdenum.

NovaGold completed Phase I diamond drilling on San Roque on April 26, 2011. Three target areas were tested by 15 HQ diamond drill for 3,538 meters. Although geologically significant mineralization was found in all three areas, the best results came from Zone 33 and DDHMSR-0009 therein. DDHMSR-0009 intercepted 150 meters of 1.00 g/t Au, 9.5 g/t Ag, 32.70 g/t In, 0.41% Pb, 1.77% Zn or 2.66 gpt Au equivalent as reported in previous press releases.

NovaGold has recently completed a geophysical survey on Zone 33 consisting of about 15 line kilometres of dipole-dipole IP (Induced Polarization). Results of this study have not yet been released.

Phase II diamond core drilling will be starting immediately on Zone 33. NovaGold plans to drill 3,500 to 5,000 meters of HQ size core in roughly 15-20 drill holes focused on the Zone 33 area and adjacent targets defined in the geophysics program.

Dick Walters, Executive V.P. of the Company and a Q.P., stated: "We are very pleased to announce the commencement of the second phase of drilling by our partner NovaGold. All drill holes in Phase I encountered some degree of mineralization, indicating that presence of a very large, complex and variously mineralized sulphide system containing gold, silver, indium, lead, zinc and some copper and molybdenum. The mineralization in Zone 33 is open ended in several directions and, equally important, several similar geological settings occur elsewhere on the property."

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being monitored. Mr. Walters is a Qualified Person as defined by National Instrument 43-101.


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