Galore Resources Inc.
TSX VENTURE : GRI

Galore Resources Inc.

May 04, 2011 09:00 ET

Galore Resources Inc.: Gold Mineralization at El Alamo Extended-Trenching Intersects 5.1 Grams of Gold Over 8 Metres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2011) - Galore Resources Inc. (TSX VENTURE:GRI) announces additional encouraging gold results from the trenching program at El Álamo, located at the northern end of the Dos Santos property in Zacatecas State, Mexico. Field crews recently completed 1,020 metres of trenching in 10 trenches. The El Álamo claim is located approximately 14 kilometres north from the Company's recently completed drill-program at La Palma.

The Company reports that an additional 274 analyses from the 100% owned El Álamo claim have been received. Most of the samples contain anomalous concentrations of gold and gold pathfinder elements. This news release summarizes all significant results to date. 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. Systematic continuous channel and chip samples were taken across steeply dipping altered limestone beds in a north-south direction. With the exception of a small number of repeat samples, all samples cover a horizontal distance of two metres.

The following tables show selected results to date. Sample numbers from previously reported results are indicated with a grey background.

Trench 1A: 1.9 g/t gold over 28 metres

SampleInterval (m)g/t AuAs ppmAg ppmPb ppmZn ppm
52614722.933920.6106.11239
52614828.113470.7261.31249
52614920.511840.591.3447
52615022.134341.485.61264
52615120.917181.272.8725
52615221.29670.986.5868
52615320.715731.176.5592
52615420.94631.358.2640
52615520.73470.975.8531
52615621.48511.459.7728
52615721.1633237.7744
52615822.212501.1142.31557
52615921.26960.959.1748
52616022.212551.185.71103

Trench 1: 2.6 g/t gold over 4 metres

SampleInterval (m)g/t AuAs ppmAg ppmPb ppmZn ppm
52601121.48381.419.4366
52601223.83600.685.1196

Trench 2: 2.4 g/t gold over 2 m; 1.9 g/t over 2 m and 8.4 g/t over 4 m

SampleInterval (m)g/t AuAs ppmAg ppmPb ppmZn ppm
52608122.424141.3102.1397
52608220.410670.328.9210
Also
SampleInterval (m)g/t AuAs ppmAg ppmPb ppmZn ppm
52608821.930578.52897.62268
52608920.217340.9163.5388
52609020.45631.7293.9368
52609120.32320.8102.6467
52609220.54821.369.8877
52609320.32630.929.5201
52609420.33970.654.9207
52609520.33661.3273173
Also
SampleInterval (m)g/t AuAs ppmAg ppmPb ppmZn ppm
52610320.58561.4172107
526104214.042680.7225.1472
52610522.818890.6134.3203
52610620.411890.381.7231
8.4 g/t over 4 metres

Trench 2A: 5.1 g/t gold over 8 metres

SampleInterval (m)g/t AuAs ppmAg ppmPb ppmZn ppm
52638121.429196.5207.3778
52638222.938633.1402.41943
52638321.615036.11568.62106
526384214.754227.3666.12994
52638520.510660.748.6610

Trench 3: 38.2 g/t over 2 metres

SampleInterval (m)g/t AuAs ppmAg ppmPb ppmZn ppm
14404710.52031.267.640
526112220.418420.5179.5341
Including*
144048158.314050.5160.9416
144049118.311570.560.4205

*Sample 526112 was re-sampled over two, one-metre intervals. These samples were previously mistakenly reported as prospecting samples in a news release dated Dec. 22, 2010.

Trench 5A: 10.4 g/t over 2 metres and 1.2 g/t over 2 metres

SampleInterval (m)g/t AuAs ppmAg ppmPb ppmZn ppm
526270210.425010.5173.2412
Also
SampleInterval (m)g/t AuAs ppmAg ppmPb ppmZn ppm
52628221.28100.377.7251
52628320.54840.355.2206

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.

Most of the remaining samples are anomalous in gold, arsenic, antimony, barium, mercury, and thallium. Additional samples have been sent for analysis and will be announced when assays are received.

"We are very pleased with the systematic trenching program at El Álamo as it continues to show promising gold grades. We are now planning a drill program at El Álamo that may include a geophysical survey to further refine the drill targets," said Michael Byrne, President of Galore.

The Dos Santos exploration program is managed by Ing. Octavio González, 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 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 the El Álamo Trench Map accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/gri54i.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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