Farallon Resources Ltd.
TSX : FAN

Farallon Resources Ltd.

September 13, 2005 09:30 ET

Farallon Updates Drilling at Campo Morado; Exciting New Discovery Confirmed at G-9

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 13, 2005) - Dick Whittington, President & CEO of Farallon Resources Ltd. (TSX:FAN) is pleased to provide the latest results from drilling at the Company's Campo Morado polymetallic (zinc, gold, silver, copper, lead) project in Guerrero State, Mexico. Significant massive sulphide intersections have been made over a distance of 400 metres at G-9, confirming the discovery of a new deposit and enhancing the overall potential of the project. Drilling continues.

The latest results are from 46 drill holes: 45 are exploration holes and one was drilled for geotechnical purposes. Of the 45 exploration holes, 21 were drilled at G-9, 16 at Estrella de Oro, 4 at El Profundo, 3 at G-10, and one at El Largo. Assay results are listed in the table and drill hole locations are highlighted in the Drill Hole Location Plans. These are attached along with a Deposit Location Map (To see the attached maps, please click on the following link: http://www2.ccnmatthews.com/database/fax/2000/fan0912.pdf).

Assays are pending for 12 exploration holes at G-9 and will be released when they are received. Massive sulphides have been intersected in five of these holes; the largest cumulative intersection of massive sulphides is 50 metres in length. The deposit remains open to the west, north and northeast.



Highlights of the new results are tabulated below:

---------------------------------------------------------------------
Drill Inte- True
Hole From To rval width
Num- Dep- (met- (met- (met- (met- Au Ag Cu Pb Zn
ber osit res) res) res) res) g/t g/t % % %
---------------------------------------------------------------------
464 G9 348.20 372.00 23.80 23.51 3.68 195 0.89 0.72 12.16
---------------------------------------------------------------------
464 G9
incl. 360.20 367.20 7.00 6.91 4.88 308 0.98 1.03 22.19
---------------------------------------------------------------------
467 G9 317.25 335.05 17.80 16.38 6.56 545 1.38 3.85 6.69
---------------------------------------------------------------------
467 G9
incl. 328.05 333.05 5.00 4.60 8.47 970 1.30 10.44 5.44
---------------------------------------------------------------------
468 G9 491.00 502.20 11.20 9.98 1.48 73 0.42 0.52 5.26
---------------------------------------------------------------------
474 G9 433.30 451.12 17.82 17.71 3.19 242 1.51 1.28 2.22
---------------------------------------------------------------------
474 G9 460.12 464.90 4.78 4.75 13.60 834 0.41 3.66 4.30
---------------------------------------------------------------------


Dick Whittington said: "These results are some of the best recorded at the Campo Morado Project. High grades of zinc are continuing to be encountered at G-9, reaffirming the results of the original discovery hole (420). High grades of gold and silver are also being obtained, which greatly adds to the bottom line potential of this new deposit. We believe we are in the process of uncovering a series of deposits between the original Reforma discovery and the mined out La Suriana deposit located to the southwest of Campo Morado - a distance of 7.5 kilometres. Our exploration team has an excellent discovery record at Campo Morado and this bodes well for additional discoveries in the future."

The in-house qualified person for the drilling program at Campo Morado is Daniel Kilby, P.Eng. ALS Chemex is the analytical laboratory for the project; sample preparation is done in Guadalajara, Mexico and analysis is done in Vancouver, BC. All samples are assayed for gold by fire assay fusion with a gravimetric or Atomic Absorption (AA) finish. Silver, copper, lead, zinc and 27 to 30 additional elements are determined for all samples by acid digestion, followed by an AA or ICP finish. Duplicates are analyzed by Acme Analytical Laboratories in Vancouver.

Farallon has a strong cash position of C$14.3 million. Based on the success of the Company's 2004-2005 exploration and engineering programs, Farallon's Board of Directors recently approved a new budget of $10.4 million that will enable the Company to complete its current drilling program and conclude a Pre-Feasibility Study by early 2006.

For further details on Farallon Resources Ltd. and its Campo Morado property, please visit the Company's website at www.farallonresources.com or contact Investor Services at (604) 684-6365 or within North America at
1-800-667-2114.

Forward Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. The likelihood of future mining at Campo Morado is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for pits and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at Campo Morado and there is no assurance that the mineralization at Campo Morado will ever be classified as ore. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com.



CAMPO MORADO ASSAY TABLE

---------------------------------------------------------------------
True
Drill Inte- Thick-
Hole From To rval Inte- ness
Num- Dep- (met- (met- (met- rval (met- Au Ag Cu Pb Zn
ber osit res) res) res) (feet) res) g/t g/t % % %
---------------------------------------------------------------------
434 Between El Largo and Estrella de Oro, did not intersect massive
sulphides
---------------------------------------------------------------------
435 Between El Largo and Estrella de Oro, did not intersect massive
sulphides
---------------------------------------------------------------------
436 G9 472.05 476.05 4.00 13.1 3.76 1.29 62 0.37 0.74 4.91
---------------------------------------------------------------------
436 G9 524.70 525.75 1.05 3.4 0.98 1.42 184 1.46 0.58 1.17
---------------------------------------------------------------------
437 El Largo, no significant results
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438 Upper plant site, geotechnical hole, not sampled
---------------------------------------------------------------------
439 Estrella de Oro, no significant results
---------------------------------------------------------------------
440 El Profundo, no significant results
---------------------------------------------------------------------
441 G9, did not intersect massive sulphides
---------------------------------------------------------------------
442 Estrella de Oro
207.06 209.06 2.00 6.6 N/A 0.40 139 0.30 1.08 6.22
---------------------------------------------------------------------
443 Estrella de Oro, did not intersect massive sulphides
---------------------------------------------------------------------
444 Estrella de Oro, did not intersect massive sulphides
---------------------------------------------------------------------
445 El Profundo, did not intersect massive sulphides
---------------------------------------------------------------------
446 Estrella de Oro, did not intersect massive sulphides
---------------------------------------------------------------------
447 Estrella de Oro, did not intersect massive sulphides
---------------------------------------------------------------------
448 El Profundo, did not intersect massive sulphides
---------------------------------------------------------------------
449 Estrella de Oro, did not intersect massive sulphides
---------------------------------------------------------------------
450 Estrella de Oro, no significant results
---------------------------------------------------------------------
451 Estrella de Oro, no significant results
---------------------------------------------------------------------
452 Estrella de Oro
61.85 65.00 3.15 10.3 N/A 1.34 48 0.57 0.52 3.74
---------------------------------------------------------------------
453 El Profundo, did not intersect massive sulphides
---------------------------------------------------------------------
454 Estrella de Oro, did not intersect massive sulphides
---------------------------------------------------------------------
455 Estrella de Oro, no significant results
---------------------------------------------------------------------
456 Estrella de Oro, did not intersect massive sulphides
---------------------------------------------------------------------
457 Estrella de Oro, did not intersect massive sulphides
---------------------------------------------------------------------
458 G9 369.00 372.00 3.00 9.8 2.97 0.56 39 2.56 0.02 3.43
---------------------------------------------------------------------
459 G9, did not intersect massive sulphides
---------------------------------------------------------------------
460 G9, did not intersect massive sulphides
---------------------------------------------------------------------
461 G9, did not intersect massive sulphides
---------------------------------------------------------------------
462 G9, did not intersect massive sulphides
---------------------------------------------------------------------
463 G9, did not intersect massive sulphides
---------------------------------------------------------------------
464 G9 348.20 372.00 23.80 78.1 23.51 3.68 195 0.89 0.72 12.16
---------------------------------------------------------------------
464 G9
Incl. 348.20 367.20 19.00 62.3 18.77 4.44 232 0.91 0.86 13.89
---------------------------------------------------------------------
464 G9
Incl. 360.20 367.20 7.00 23.0 6.91 4.88 308 0.98 1.03 22.19
---------------------------------------------------------------------
465 G9, did not intersect massive sulphides
---------------------------------------------------------------------
466 G9, did not intersect massive sulphides
---------------------------------------------------------------------
467 G9 303.15 306.93 3.78 12.4 3.48 3.76 259 0.57 1.60 4.02
---------------------------------------------------------------------
467 G9 317.25 335.05 17.80 58.4 16.38 6.56 545 1.38 3.85 6.69
---------------------------------------------------------------------
467 G9
Incl. 317.25 323.75 6.50 21.3 5.98 6.96 370 2.22 1.47 11.10
---------------------------------------------------------------------
467 G9
Incl. 328.05 333.05 5.00 16.4 4.60 8.47 970 1.30 10.44 5.44
---------------------------------------------------------------------
468 G9 491.00 502.20 11.20 36.7 9.98 1.48 73 0.42 0.52 5.26
---------------------------------------------------------------------
468 G9
Incl. 491.00 497.00 6.00 19.7 5.35 1.76 80 0.35 0.56 6.46
---------------------------------------------------------------------
469 G9, did not intersect massive sulphides
---------------------------------------------------------------------
470 G9, did not intersect massive sulphides
---------------------------------------------------------------------
471 G9, did not intersect massive sulphides
---------------------------------------------------------------------
472 G9, did not intersect massive sulphides
---------------------------------------------------------------------
473 G9, did not intersect massive sulphides
---------------------------------------------------------------------
474 G9 433.30 451.12 17.82 58.5 17.71 3.19 242 1.51 1.28 2.22
---------------------------------------------------------------------
474 G9
Incl. 434.30 440.30 6.00 19.7 5.96 2.81 231 2.55 2.03 5.30
---------------------------------------------------------------------
474 G9 460.12 464.90 4.78 15.7 4.75 13.60 834 0.41 3.66 4.30
---------------------------------------------------------------------
475 G10, did not intersect massive sulphides
---------------------------------------------------------------------
476 G9, did not intersect massive sulphides
---------------------------------------------------------------------
477 G10, did not intersect massive sulphides
---------------------------------------------------------------------
478 G10, did not intersect massive sulphides
---------------------------------------------------------------------
479 G9 423.20 445.20 22.00 72.2 21.63 1.60 98 0.54 0.78 6.83
---------------------------------------------------------------------
479 G9
Incl. 423.20 435.00 11.80 38.7 11.60 2.25 139 0.60 0.94 8.34
---------------------------------------------------------------------



No regulatory authority has approved or disapproved the information contained in this news release.

Contact Information

  • Farallon Resources Ltd.
    Melanee G. Henderson
    Investor Services
    (604) 684-6365 or Toll Free: 1-800-667-2114
    (604) 684-8092 (FAX)
    www.farallonresources.com