Galore Resources Inc.
TSX VENTURE : GRI

Galore Resources Inc.

June 01, 2011 09:00 ET

Galore Reports 54 Metres of 0.97 Grams Gold at El Alamo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2011) - Galore Resources Inc. (TSX VENTURE:GRI) announces final results from its trenching program at El Álamo, located at the northern end of the Dos Santos property in Zacatecas State, Mexico. This news release reports analytical results for all 512 continuous chip and channel rock samples from 10 trenches totaling 1,020 in length. Samples were taken across steeply dipping, altered limestone beds in a north-south direction. The best results occur within irregular zones of carbonate-hosted, silicified breccia, and zones of silicification, which are believed to be the chimneys of a larger manto system at depth. Highlights from the trenching program include:

  • Trench 1A: 1.6 g/t gold over 34 m (including 1.9 g/t gold over 28 m; 2.6 g/t gold over 12 m)
  • Trench 2A: 4.2 g/t gold over 10 m (including 5.1 g/t gold over 8 m; and 14.7 g/t gold over 2 m)
  • Trench 2: 0.97 g/t gold over 54 m (including 8.4 g/t gold over 4 m; 2.4 g/t gold over 2 m)
  • Trench 5A: 3.6 g/t gold over 6 m (including 10.4 g/t gold over 2 m) and: 0.4 g/t gold over 22 m (including 1.2 g/t gold over 2 m)
  • Trench 3: 38 g/t gold over 2 m
  • Trench 1: 2.6 g/t gold over 4 m

The Company is planning an immediate follow-up exploration program at El Álamo, which will include drilling, geophysics and expansion of the trenches that ended in mineralization.

With the exception of a small number of confirmation samples, all samples cover a horizontal distance of 2 metres. Results are presented for trenches located from west to east along El Álamo ridge. Locations of these trenches, highlights and distribution of gold concentrations in bedrock are presented in the accompanying figure and tables. The tables show selected results, including previously reported results and average concentrations of gold over larger distances. All gold analyses in this news release were converted from parts per billion (ppb) to grams/tonne gold (g/t Au). Gold mineralization is associated with other elements, of which silver (Ag), arsenic (As), lead (Pb) and zinc (Zn) are also included with the gold results.

Trench 1: 2.6 g/t gold over 4 metres
SampleInterval
(m
)Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
Comments
14400120.320.05796.50.6520.21 g/t Au /4m
14400220.090.05716.80.215
52601121.431.4837.819.43662.6 g/t /4m
52601223.780.6359.685.1196
Trench 1A:1.6 g/t gold over 34 metres
SampleInterval
(m
)Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
Comments
52614722.910.63391.9106.112391.6 g/t Au/34m
including 1.9 g/t
52614828.110.71347.3261.31249Au/28m
52614920.530.51183.991.3447Also including:
52615022.121.4343485.612642.6 g/t Au /12m
52615120.921.21717.772.8725and 1.4 g/t Au/10m
52615221.250.9966.586.5868and 8.1 g/t Au/2m
52615320.681.11573.176.5592anomalous in
52615420.921.3463.158.2640Zn, As, Ag
52615520.700.9346.575.8531
52615621.381.4851.459.7728
52615721.082632.737.7744
52615822.241.11249.6142.31557
52615921.200.9695.859.1748
52616022.231.11254.585.71103
52616120.160.8490.1126.5461
52616220.090.8375.641.7261
52616320.131.3384.330.1243
Trench 6
SampleInterval(m)Au g/tAg ppmAs ppmPb ppmZn ppmComments
52641020.160.7455.821.21910.1 g/t Au/6m
52641120.052.5403.213.7235
52641220.081589.638330
52641720.131.21913.4353.33270.1 g/t Au/4m
52641820.101.7303227.3348
Trench 2A:4.2 g/t gold over 10 metres
SampleInterval(m)Au g/tAg ppmAs ppmPb ppmZn ppmComments
52638121.456.52918.8207.37784.2 g/t Au/10m
including 5.1 g/t
52638222.863.13863.3402.41943Au/8m
52638321.616.11502.91568.62106And
526384214.667.35422.2666.1299414.7 g/t Au/2m
Anomalous Ag, As,
52638520.530.71065.848.6610Pb, Zn
Trench 2: 0.97 g/t gold over 54 metres
SampleInterval
(m
)Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
Comments
0.97 g/t Au/54m
52608020.190.3712.934.9112including:
52608122.351.32413.7102.13972.4 g/t Au/2m
52608220.430.31066.828.9210anomalous in
52608320.050.2304.915.4187Pb, Zn, Ag, As
52608420.080.5457.926.4199
52608520.190.7423.775.4133
52608620.140.4985.331.7301
52608720.241.3125846.1426
52608821.858.53057.12897.622681.9 g/t Au/2m
52608920.230.91733.6163.5388
52609020.441.7563293.9368
52609120.320.8232.1102.6467
52609220.511.3482.269.8877
52609320.330.9262.929.5201
52609420.250.639754.9207
52609520.271.3366.2273173
52609620.118.52251.37349.8405
52609720.028.6627.33228.9278
52609820.024.3575.21799.7634
52609920.063.4510.5569.7316
52610020.081.6340.1165.5177
52610120.030.8232.391.498
52610220.351777.9326.6102
52610320.521.4855.5172107
526104213.980.74267.9225.14728.4 g/t Au/4m
52610522.830.61888.8134.3203
52610620.420.3118981.7231
and
52646420.392633.7167.63910.3 g/t Au/4m
52646520.1741652.53921.8446
Trench 5A: 3.6 g/t gold over 6 metres
SampleInterval
(m
)Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
Comments
52626920.110.3758.8206.31813.6 g/t Au/6m
including: 10.4 g/t
526270210.420.52500.8173.2412Au/2m
52627120.180.3972.660.4206
and
52627920.180.4624.781.71750.4 g/t Au/22m
52628020.110.3279.599.893
52628120.180.2237.347.168Including
52628221.210.3809.777.72511.2 g/t Au/2m
52628320.550.3483.955.2206
52628420.240.5363.756.5107
52628520.120.7288.1104.8130
52628620.270.9343.398.2168
52628720.240.8332.5175.9100
52628820.320.5433.947.4143
52628920.160.8388.1120.9131

Trench 5:

Samples in this trench returned geochemically anomalous concentrations of gold up to 91ppb.

Trench 3A:

No significant concentrations of gold were detected in this trench.

Trench 3: 38 g/t gold over 2 metres
SampleInterval
(m
)Au
g/t
Ag
ppm
As
ppm
Pb
ppm
Zn
ppm
Comments
144048158.270.51,405160.941638.3 g/t Au/2 m
144049118.310.51,15760.4205
52611320.300.3325.428.1125
and
52612320.120.3643371.43350.2 g/t Au/4m
52612420.301.11355121.7376

Trench 4:

Trench 4 returned geochemically anomalous concentrations of gold, lead, zinc and arsenic, including a ten-metre interval of 13 to 22 ppb gold with weakly anomalous arsenic, lead and zinc. A second, two metre interval returned 19 ppb gold, 3.7 g/t silver, 704 ppm arsenic and 0.42% lead.

Samples were analyzed at Acme Analytical Laboratories Ltd. in Vancouver by Aqua-Regia digestion and ICP-MS (1DX30) on a 30-gram sample. Analyses were reported in ppb gold by the laboratory and are reported in this news release in the converted format of grams per tonne to enable the reader to compare these results with other gold projects using this format.

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.

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 in Mexico and British Columbia.

Michael 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.

To view a trenching map associated with this release, please visit the following link: http://media3.marketwire.com/docs/gri601i.pdf.

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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