Masuparia Gold Corporation
TSX VENTURE : MAS

Masuparia Gold Corporation

June 25, 2008 06:00 ET

Masuparia Drills 34.40 Metres of 1.03 g/t Au Including 7.40 Metres Grading 2.82 g/t Au at Tenoriba, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Masuparia Gold Corp. ("Masuparia") (TSX VENTURE:MAS) is pleased to announce gold assay results from the 2008 diamond drilling program on its Tenoriba property in southern Chihuahua State, northwest Mexico. From January to April, 2008 Minera Masuparia S.A. de C.V. completed a total of fifteen (15) diamond drill holes totaling 2566.90 metres, within the Dona Lola, La Falda, West Adularia, East Adularia, Los Hilos and La Ceniza West areas.

The drill program was primarily designed to test for mineralization beneath geochemical anomalies in the more accessible parts of the project area. The following anomalies were tested: La Falda and Los Hilos (four holes each), La Ceniza West (three holes), East La Adularia (two holes), and on Dona Lola and West La Adularia (one hole each).

Due to difficult ground conditions, holes 1, 12, 13, 14 and 15 were abandoned before reaching their target depths.

All fifteen drill holes intersected anomalous gold values, often over wide intervals. Those reporting greater than 0.4 g/t over at least 0.5 metres are deemed significant and are summarized in Table 1 below. Drill collar locations, bearings and dips are detailed in Table 2. Some significant highlights are (all widths are drilled widths):

- Drill hole TDH-07 intersected 16.00 metres, from 35.0 to 51 metres, averaging 0.49 g/t Au (interval 1 Table 1) and intersected 3.70 metres, from 61 to 64.7 metres, averaging 5.33 g/t Au, including a 1.90 metre interval that assayed 45.90 g/t Au (interval 1ii) which was cut to 10 g/t Au for reporting above average calculations.

- Drill hole TDH-11 intersected 39.70 metres averaging 0.48 g/t Au (interval 2 Table 1), from 27.30 to 67.0 metres down hole, including 8.20 metres (interval 2i Table 1) averaging 1.45 g/t Au. Deeper downhole, 34.40 metres were intersected averaging 1.03 g/t Au (interval 3 Table 1) beginning at 110 metres and including 7.40 metres averaging 2.82 g/t Au (interval 3i Table 1) and 9.40 metres averaging 1.37 g/t Au (interval 3ii Table 1). Starting at 161.00 metres, 4.00 metres averaging 1.24 g/t Au were intersected (interval 4 Table 1), and finally from 185.0 metres there were 13.80 metres averaging 0.60 g/t Au (interval 5 Table 1) which includes 1.40 metres averaging 3.64 g/t Au (interval 5i Table 1).

- Drill hole TDH-12 intersected 3.00 metres averaging 1.04 g/t Au from 54.80 metres downhole (interval 1 Table 1), and 2.00 metres averaging 1.43 g/t Au from 129.8 metres (interval 3 Table 1). The hole was abandoned at 131.8 metres still in mineralized rock.

- Drill hole TDH-13 intersected 25.60 metres averaging 0.56 g/t Au from 21.0 metres downhole (interval 1 Table 1).

- Drill hole TDH-14, drilled on the same setup as TDH-13, intersected 66.0 metres averaging 0.50 g/t Au (interval 1 Table 1) from 4.0 metres downhole, which includes a 16.50 metres intersection averaging 1.00 g/t Au starting at 9.00 metres downhole (interval 1i Table 1).

- Drill hole TDH-15, drilled 80 metres north and 40 metres higher than TDH-11, intersected 12 metres averaging 0.64 g/t Au beginning at 50.00 metres downhole (interval 1 Table 1), and 2.06 metres averaging 2.77 g/t Au from 110.80 metres downhole (interval 2 Table 1).



Table 1. Composited, Significant Fire Assay Gold Results for the Tenoriba
Project

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Interval Au g/t
Hole ID Interval From To Length Fire Assay
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TDH-01 1 3.50 14.70 11.20 0.54
TDH-02 1 3.26 4.40 1.14 3.18
2 57.35 58.85 1.50 1.60
TDH-04 1 103.00 110.00 7.00 0.46
TDH-07 1 35.00 51.00 16.00 0.49
2 61.00 64.70 3.70 5.33
Incl (ii) 62.80 64.70 1.90 45.90
3 120.50 132.00 11.50 2.26
Incl (i) 129.50 132.00 2.50 9.21
TDH-10 1 108.70 109.70 1.00 1.04
TDH-11 1 4.00 11.00 7.00 0.55
2 27.30 67.00 39.70 0.48
Incl (i) 40.80 49.00 8.20 1.45
3 110.00 144.40 34.40 1.03
Incl (i) 116.80 124.20 7.40 2.82
Incl (ii) 135.00 144.40 9.40 1.37
4 161.00 165.00 4.00 1.24
5 185.00 198.80 13.80 0.60
Incl (i) 185.00 186.40 1.40 3.64
TDH-12 1 54.80 57.80 3.00 1.04
2 119.80 125.10 5.30 0.40
3 (EOH) 129.80 131.80 2.00 1.43
TDH-13 1 21.00 46.60 25.60 0.56
TDH-14 1 4.00 70.00 66.00 0.50
Incl (i) 9.00 25.50 16.50 1.00
2 111.60 116.00 4.40 0.48
TDH-15 1 50.00 62.00 12.00 0.64
2 110.80 112.86 2.06 2.77
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Table 2. Drill hole collar coordinates, dip, azimuth and length (Northings
and Easting's are UTM zone 13)

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Eleva- Azimuth Dip
Easting Northing tion (degr- (degr- Total
Hole ID (m) (m) (m) ees) ees) Depth Target
---------------------------------------------------------------------------
TDH-01 259,314 2,921,832 1,465 295 50 59.75 Dona Lola
TDH-02 259,710 2,922,596 1,620 280 50 201.15 La Falda
TDH-03 259,520 2,922,388 1,555 115 50 203.50 La Falda
TDH-04 259,423 2,922,555 1,568 300 50 200.00 La Falda
TDH-05 259,416 2,922,572 1,568 115 50 173.50 La Falda
TDH-06 259,508 2,923,158 1,807 230 50 229.50 La Falda
TDH-07 259,974 2,922,915 1,772 212 60 193.20 La Falda
TDH-08 259,676 2,922,942 1,752 293 60 200.40 La Adularia
TDH-09 259,674 2,922,832 1,731 275 60 164.00 La Adularia
TDH-10 259,681 2,922,830 1,731 74 50 184.50 Los Hilos Ridge
TDH-11 259,780 2,922,862 1,758 90 60 203.00 La Falda
TDH-12 260,126 2,922,818 1,740 165 50 131.80 La Ceniza
TDH-13 260,281 2,922,763 1,731 90 50 142.50 La Ceniza
TDH-14 260,272 2,922,760 1,730 164 65 119.70 La Ceniza
TDH-15 259,755 2,922,944 1,786 68 60 160.40 Los Hilos
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The Tenoriba property is within the Sierra Madre Occidental volcanic-intrusive province. It is characterized by the Lower Volcanic Super Group volcanic rocks, which are intruded by granodioritic stocks and are overlain by the Upper Volcanic Super Group consisting of rhyodacitic to rhyolitic ignimbrites and associated tuffs, and minor lava flows. Economically, the highest potential for the property appears to be the contact zone between the partially overlying Lower Volcanic Super Group rocks (to the west, north and south), and the porphyritic granodioritic to dioritic intrusive rocks (to the south) where a greater than 7 by 5 km, strong alteration zone hosting the gold mineralization occurs.

This drilling program confirmed that gold values are preferentially located within intensely hydrothermal-altered rhyolitic tuffs that belong to the Lower Volcanic Supergroup. Those rocks are strongly fractured and have strong argillic and silica alteration with abundant disseminated pyrite and minor later stage quartz veining and silicification. Higher Gold assays appear to be related to steeply dipping, silicified structural zones, with some dissemination into the country rock. The drilling confirmed a mineralized zone 600 by 150 metres wide tested area, which is open.

Core samples from the 2008 drill program were delivered from the drill into a secure core processing facility. Samples were prepared by splitting the core using a diamond saw, keeping one half of the core for reference purposes, doing sample preparing of one-half the sampled HQ core at Chemex preparation facilities in Chihuahua, Mexico, and assaying the pulp in Vancouver, BC. Assay results for gold were determined by fire assay. In addition to quality control by TSL Laboratories, Masuparia inserts Certified Reference Materials and blanks into sample batches for independent verification of quality control.

The technical material contained in this release has been reviewed and approved by Leopold J. Lindinger, P.Geo., Masuparia's independent qualified person for the Tenoriba-Sucara project, under National Instrument 43-101 guidelines.

ON BEHALF OF THE BOARD

David Baker, President

This press release contains "forward-looking information" that is based on Masuparia's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Masuparia's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Masuparia actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for Masuparia's mineral products or increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Masuparia disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Masuparia Gold Corporation
    David Baker
    President
    (604) 685-8592
    (604) 669-5572 (FAX)
    Website: www.masupariagold.com