Farallon Resources Ltd.
TSX : FAN
OTC Bulletin Board : FRLLF

Farallon Resources Ltd.

September 10, 2007 09:01 ET

Farallon Updates Drilling at G-9 Deposit: High Grade Zinc Grades Continue-6.0 Metres at 23% Zinc and 2.5% Copper Local Concentrations of High Grade Precious Metals Emerging

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2007) - Dick Whittington, President and CEO of Farallon Resources Ltd. (TSX:FAN)(OTCBB:FRLLF) ("Farallon" or the "Company"), is pleased to provide a further update on the core drilling program on the G-9 deposit at the Campo Morado polymetallic (zinc, gold, silver, copper, lead) project in Guerrero State, Mexico. The latest results are from infill drilling in the high grade Southeast zone of G-9.

These results are from 14 new holes. Results from the new holes are included in the Table of Assay Results - G-9 Deposit and hole locations are shown on the G-9 Drill Hole Location Map, both of which are attached. Assays are pending from a further 17 infill holes that will be released when received. Highlights are tabulated below:



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Drill
Hole From To Interval True Width Au Ag Cu Pb Zn
Number (metres) (metres) (metres) (metres) g/t g/t % % %
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634 444.09 451.00 6.91 6.04 1.82 157 2.45 2.91 23.47
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634 477.00 488.00 11.00 9.62 12.24 731 0.33 3.06 5.39
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639 325.50 335.70 10.20 10.16 2.03 234 2.61 2.51 19.08
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642 327.40 333.30 5.90 5.81 0.89 167 3.25 0.88 21.78
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These new results continue to substantiate both the grade and size of the high grade Southeast starter zone of the G-9 deposit. Hole 634 is approximately 40 metres from hole 498 that had two significant intersections - 16.8 metres of 21.3% zinc and 1.93% copper and 4.4 metres of 16.0 grams of gold and 682 grams of silver (See News Release dated January 12, 2006) - and successfully extends the southern portion of the Southeast zone. Hole 639 extends the western portion of the Southeast zone and is approximately 50 metres from hole 598 that intersected 8.7 metres of 24.3% zinc and 1.52% copper. (See News Release dated March 15, 2007). Hole 642 is a step-out from hole 639, further extending this portion of the Southeast zone.

Furthermore, another trend appears to be emerging: there are localised concentrations of high grade precious metals at G-9. The deeper intersection in Hole 634 may extend the deeper high grade gold and silver intersection discovered in hole 498, and mentioned above. Similarly, holes 486 and 510 were drilled close together, as were holes 628 and 467. The high grade precious metal intercepts of these holes, given below, provide initial evidence of this new trend.



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Drill
Hole From To Interval True Width Au Ag Cu Pb Zn
Number (metres) (metres) (metres) (metres) g/t g/t % % %
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486 551.30 559.30 8.00 7.80 45.89 1555 0.29 1.34 2.46
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510 582.00 585.00 3.00 2.90 34.95 1930 0.70 2.86 5.78
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628 341.40 345.40 4.00 4.00 32.75 1488 0.28 3.03 2.99
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467 328.05 331.05 3.00 2.76 10.94 997 1.29 15.50 8.30
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634 481.00 485.00 4.00 3.50 14.69 861 0.34 3.68 5.01
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498 468.90 473.30 4.40 3.80 15.99 682 0.33 3.42 5.73
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President and CEO, Dick Whittington said: "We are pleased by the ongoing results from our infill drilling program. The Southeast zone is continuing to provide impressive results and high grade precious metal zones would add significant by-product credits to any future mine production. These infill holes will continue to be the highest priority of our ongoing drilling program in the immediate future; however, before the end of September, we hope to also be exploring north of the San Raphael fault once again. We will then start focusing on expanding our exploration efforts to untested targets with the objective of advancing our second key corporate objective: finding another G-9 deposit."

The in-house qualified person for the drilling program and selection of samples for metallurgical testwork 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 is advancing the exploration and development of the G-9 deposit. The Company's 2007 parallel track program has been very successful to date. Exploration drilling is expanding the high-grade G-9 deposit, and mine planning and design, equipment acquisition and site preparation activities are also taking place with the goal of beginning production in July 2008.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

J.R.H. (Dick) Whittington, President & CEO

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, continuity of mineralization, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes that the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. The likelihood of future mining at Campo Morado is subject to a large number of risks and may require achievement of a number of technical, economic and legal objectives, including obtaining lower than expected grades and quantities of mineralization and resources, recovery rates and mining rates, changes in and the effect of government policies with respect to mineral exploration and exploitation, the possibility of adverse developments in the financial markets generally, delays in exploration, development and construction projects, fluctuations in the prices of zinc, gold, silver, copper, lead and other commodities, obtaining additional mining and construction permits, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for underground and processing facilities as well as receipt of additional financing to fund 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 and the Company's annual report on Form 20-F at www.sec.gov.



TABLE OF NEW ASSAY RESULTS - G-9 DEPOSIT (SEPTEMBER 10, 2007)
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Drill True
Hole From To Interval Width Au Ag Cu Pb Zn
Number (metres) (metres) (metres) (metres) g/t g/t % % %
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634 444.09 451.00 6.91 6.04 1.82 157 2.45 2.91 23.47
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634 451.00 458.90 7.90 6.91 1.65 50 1.29 0.96 11.69
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634 466.05 468.65 2.60 2.27 2.52 149 0.49 0.66 13.26
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634 473.35 477.00 3.65 3.19 8.38 417 0.35 1.06 0.30
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634 477.00 488.00 11.00 9.62 12.24 731 0.33 3.06 5.39
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634 Incl. 481.00 485.00 4.00 3.50 14.69 861 0.34 3.68 5.01
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634 524.00 526.00 2.00 1.75 0.24 23 1.97 0.12 7.76
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639 325.50 335.70 10.20 10.16 2.03 234 2.61 2.51 19.08
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639 Incl. 325.50 333.45 7.95 7.92 2.19 283 2.63 3.11 21.16
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642 327.40 333.30 5.90 5.81 0.89 167 3.25 0.88 21.78
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642 Incl. 327.40 332.40 5.00 4.92 0.99 189 3.55 0.97 24.40
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643 260.93 262.20 1.27 1.25 0.84 68 0.76 1.47 8.30
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644 267.50 272.50 5.00 4.73 0.80 72 1.05 0.44 7.17
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647 284.60 287.60 3.00 2.95 10.25 578 2.72 0.64 0.43
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647 290.60 306.40 15.80 15.56 3.57 175 0.75 0.94 12.99
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647 Incl. 293.60 302.60 9.00 8.86 4.58 213 0.31 0.96 16.04
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648 290.45 298.30 7.85 7.75 1.73 91 1.06 0.48 18.23
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No significant intersections in Holes 637, 638, 640, 641, 645, 646 and 649


To view accompanying map click on the following link: http://www.ccnmatthews.com/docs/FAN_Map.pdf

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

Contact Information

  • Farallon Resources Ltd.
    Michael Curlook
    Investor Services
    (604) 684-6365 or N.A. Toll Free: 1-800-667-2114
    (604) 684-8092 (FAX)
    Website: www.farallonresources.com