Esperanza Silver Corporation

Esperanza Silver Corporation

March 07, 2005 15:02 ET

Esperanza Announces Gold/Silver Discovery in First Drill Holes at La Esperanza, Mexico


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ESPERANZA SILVER CORPORATION

TSX VENTURE SYMBOL: EPZ

MARCH 7, 2005 - 15:02 ET

Esperanza Announces Gold/Silver Discovery in First
Drill Holes at La Esperanza, Mexico

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2005) - Esperanza
Silver Corp. (TSX VENTURE:EPZ) announces results from the first two
drill holes at its La Esperanza project in Morelos State, Mexico.
Potential bulk-tonnage gold and silver mineralization was found over
significant thicknesses. The two diamond-core holes were drilled to test
a skarn/carbonate replacement zone along the contact of a granite
intrusion and adjacent limestones. The drill holes are the first of an
eight-hole program testing the continuity of this zone together with
other step-out targets.



Drill results are summarized below(1):

--------------------------------------------------------------------
Inte- Silver Silver Gold Gold
From To rval (grams/ (ounces/ (grams/ (ounces/
(meters) (meters) (meters) tn) t) tn) t)
--------------------------------------------------------------------
DHE-05-01
--------------------------------------------------------------------
21.6 68.8 47.2 35.0 0.99
--------------------------------------------------------------------
48.9 85.2 36.3 2.27 0.07
--------------------------------------------------------------------
DHE-05-02
--------------------------------------------------------------------
20.9 52.0 31.1 30.1 0.88
--------------------------------------------------------------------
27.9 43.7 15.8 0.82 0.02
--------------------------------------------------------------------


Bill Pincus, Esperanza's President and CEO said, "We are obviously quite
excited by these results particularly the presence of the broad, gold
zone found in DHE-05-01. The drill core contains abundant oxide material
and we are now sending samples for initial leach testing. Drill Holes
DHE-05-03 to 06 are also in this zone allowing us to get a good feel for
its extension.

The last two holes (DHE-05-07 and 08) are planned as step-outs to test
new areas where we have some surface indications of potential
mineralization."

Esperanza Silver is dedicated to the exploration and discovery of new
silver projects in the Americas. It currently is active in Mexico, Peru
and Bolivia. It uses a combination of advanced exploration technology
and basic geologic prospecting techniques to add value to its prospects.
The Company will then seek joint-venture partners to advance the
projects toward production.

(1) William Bond, M.Sc., P.Geol. and Vice President of Exploration,
Esperanza Silver Corp. is the Qualified Person (QP) under NI 43-101
responsible for the La Esperanza exploration program. He has verified
the data disclosed in this news release, including sampling, analytical
and test data. Field work has been conducted by Esperanza personnel
under his supervision. All samples were submitted to ALS Chemex
laboratories in Vancouver, Canada for analysis. Samples were analyzed by
ICP analysis and in some cases atomic absorption analysis.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Esperanza Silver Corp.
    William Pincus
    President and CEO
    (303) 830-0988
    (303) 830-9098 (FAX)
    wpincus@esperanzasilver.com
    www.esperanzasilver.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this news release.