Esperanza Silver Corporation

Esperanza Silver Corporation

July 18, 2005 15:07 ET

Esperanza Silver Corporation: La Esperanza; New Sampling Extends Gold Mineralization

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 18, 2005) - Esperanza Silver Corporation (TSX VENTURE:EPZ) reports the initial results from its channel sampling program at its La Esperanza project in Mexico. The on-going program is now discovering gold mineralization in the emerging "Southeast" zone. This lies approximately 100 meters southeast of the drill-tested "Western" zone where the initial gold discovery was made (News Release March 7, 2005). The results reported here come from 67 samples collected in four continuous channels (with two-meter sample intervals) and 12 outcrop samples.

Results from the channel samples are as follows:

Channel Thickness Gold
"N" 50 meters (full channel length) 0.90 grams/tonne
includes 42 meters 1.01 grams/tonne
"O" 26 meters (full channel length) 0.99 grams/tonne
includes 14 meters 1.57 grams/tonne
"P" 38 meters (full channel length) 0.55 grams/tonne
includes 20 meters 0.85 grams/tonne
"Q" 12 meters (full channel length) 0.99 grams/tonne
includes 10 meters 1.14 grams/tonne

Outcrop samples collected within the Southeast zone contain between 0.16 and 6.87 grams/tonne gold.(i)

The Southeast zone, as now defined by geochemical sampling and geologic mapping, has been extended more than 1000 meters in length. Esperanza Silver Corp. is continuing its sampling and mapping program to develop new drill targets in the Southeast zone which it intends to test starting in the fourth quarter of 2005.

"La Esperanza is an emerging new gold project characterized by extensive areas of surface gold mineralization and very good grade continuity both in outcrops and in drill holes," said Bill Pincus, the Company President. "The metallurgical results previously reported (News Release May 6, 2005) yielded excellent recovery. We are now viewing this as a potentially large heap-leachable gold project. The Company is now updating its exploration permits to allow us to fast-track the project as on-going results justify," he added.

(i) 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 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information