Galore Resources Inc.
TSX VENTURE : GRI

Galore Resources Inc.

December 22, 2010 08:30 ET

Galore Reports 28 Metres Averaging 1.9 Grams/Tonne Gold From El Alamo Channel Samples

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2010) - Galore Resources Inc. (TSX VENTURE:GRI) announces additional results for the systematic trenching program at El Álamo, located at the northern end of the Dos Santos property. The El Álamo claim is located approximately 14 kilometres north from the recently completed 4,973-meter drill-program at La Palma.

The Company reports that additional analyses from 138 samples have been received from the El Álamo claim. This 100% owned claim was recently acquired through the Mexican government lottery system as detailed in the Company's news release dated September 27, 2010. Previous trenching results were reported in a news release dated December 8, 2010.

All samples are continuous channel samples taken across steeply dipping altered limestone beds. Prior to sampling, overburden and oxidized bedrock were removed to expose fresh rock. The best sample results from systematic trenching and sampling of the area are as follows:

Trench 1A: 34 metres long
1.9 grams/tonne gold over 28 metres, including:
Sample grams/tonne gold distance (m)
526147 2.9 2.0
526148 8.1 2.0
526149 0.5 2.0
526150 2.1 2.0
526151 0.9 2.0
526152 1.2 2.0
526153 0.7 2.0
526154 0.9 2.0
526155 0.7 2.0
526156 1.4 2.0
526157 1.1 2.0
526158 2.2 2.0
526159 1.2 2.0
526160 2.2 2.0

 

Trench 2: 70 metres long
8.4 grams/tonne gold over 4 metres, including:
Sample grams/tonne gold distance (m)
526104 14.0 2.0
526105 2.8 2.0
Also    
526081 2.4 2.0
526088 1.9 2.0

Continuous channel samples were taken at 2-metre intervals over 70 metres. The remaining samples are anomalous in gold and gold pathfinder elements with gold ranging from 13 to 517 ppb gold. 

Trench 3: 80 metres long
20.4 grams/tonne gold over 2 metres
Sample grams/tonne gold distance (m)
526112 20.4 2.0

All samples in this trench are anomalous in gold and gold pathfinder elements. Gold analyses in these samples range from 6.5 to 302 ppb gold over 2-metre intervals. 

Preliminary trenching results from showings discovered during mapping and prospecting include:

38.3 grams/tonne gold over 2 metres, including:
Sample grams/tonne gold distance (m)
144048 58.3 1.0
144049 18.3 1.0

 

1.9 grams/tonne gold over 3.5 metres, including:
Sample grams/tonne gold distance (m)
144040 1.5 1.5
144041 2.1 2.0

 

1.3 grams/tonne gold over 5.7 metres, including:
Sample grams/tonne gold distance (m)
144042 1.1 2.0
144043 1.5 1.7
144044 1.3 2.0

Samples were analyzed at Acme Analytical Laboratories Ltd. in Vancouver by Aqua-Regia digestion and ICP-MS (1DX30) on a 30-gram sample. Sample results are reported in ppb gold. Analyses in this news release were converted to grams per tonne gold to provide a comparison to other gold projects using this format. All sample results reporting greater than 5,000 ppb gold will be reanalyzed by fire assay with gravimetric finish to confirm results. 

Most of the remaining samples are anomalous in gold, arsenic, antimony, barium, mercury, and thallium. A detailed program of trenching, mapping and sampling continues on the El Álamo claim. Results will be announced when assays are received. 

"We continue to be very encouraged by the gold analyses at El Álamo from our systematic channel samples. The ongoing mapping, trenching and sampling program will continue into the New Year to bring El Álamo to drill ready stage as soon as possible. In conjunction with the encouraging sample analyses, Galore is eagerly awaiting assays from our recently completed 4,973-metre HQ drill program at La Palma. This is an exciting time for the Company," says Michael Byrne, Galore's President.

The Dos Santos exploration program is managed by Ing. Octavio Gonzalez, Galore's Vice-President Exploration for Mexico. Uwe Schmidt, P.Geo., Vice-President Exploration and Galore's Qualified Person as defined by Canada's National Instrument 43-101, is responsible for supervising the Dos Santos program. Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits with an emphasis on gold in Mexico and base metals in British Columbia. 

Michael W. Byrne, President

Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company.

No securities commission or similar regulatory authority has passed on the merits of or reviewed the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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