Mazorro Resources Inc.
TSX VENTURE : MZO
FRANKFURT : JAM

Mazorro Resources Inc.

October 11, 2011 08:30 ET

Mazorro Resources and Adventure Gold Begin 4,000 Metre Phase 2 Drill Program on Lapaska Property, Val D'Or East Area, Quebec

OTTAWA, ONTARIO--(Marketwire - Oct. 11, 2011) - Mazorro Resources Inc. (TSX VENTURE:MZO)(FRANKFURT:JAM) ("MZO" or "Mazorro") and Adventure Gold (TSX VENTURE:AGE) ("AGE") are pleased to announce the start of a second phase surface diamond drilling program on the Lapaska Gold Property (the "Property") located in the prolific Abitibi Greenstone Belt, 20 km east of Val d'Or, Quebec. The Property, totaling 352 hectares, is wholly-owned by AGE and under option to MZO (see agreement in press release dated December 15, 2010). The second phase drill program, totaling approximately 4,000 metres in ten (10) holes, is designed to test the extensions of the Lapaska Central Zone ("LC Zone") laterally and to the North, the West Zone and several new targets. Results of the first phase drill program on the LC Zone were released last June and July. Highlights included: 1.0 g/t Au over 103.4 metres including 10.3 g/t Au over 3.8 metres (hole LP-11-16) and 1.2 g/t Au over 156.9 metres including 5.8 g/t Au over 3.9 metres and 4.7 g/t Au over 7.1 metres (hole LP-11-17).

The second phase drill program is designed to test east-west and north-south extensions of the LC Zone open laterally and at depth. Additional sub parallel ore shoots and veins that could be repeated close to the LC Zone near the surface will also be drilled. More particularly, magnetic signatures similar to the LC Zone that were observed in a radius of 700 metres will be tested.

The Lapaska Property

The Property is favourably located between the past producing gold deposit Sigma II to the east (161,300 ounces at 2.7 g/t Au: MRNF - SIGEOM Database) which was operated by open pit method and the Simkar gold deposit to the west (NI 43-101 inferred resource of 105,000 oz at 5.3 g/t Au: Megastar – MDV: TSX-V, September 2008). The Property contains three significant gold-bearing zones: the Lapaska Central, West and Lourmet zones and is also strategically located along the prolific Cadillac Larder Lake Gold Break, a regionally extensive structure that is spatially related to numerous gold mines.

An NI 43-101 compliant resource estimate has been completed by Innovexplo, (March 9, 2011) on the Lapaska Central Zone. The table below shows the variations with respect to metric tonnes, ounces and grades for various cut-off grades with respect to the Inferred Resources of the Lapaska Central Zone deposit.

Table 1: Inferred Mineral Resource of Lapaska Central Zone

Cut-off Grade (g/t Au) Tonnes Avg. Grade (g/t Au) Ounces of Gold
0.5 2,143,702 1.15 79,324
1.0 864,563 1.81 50,396
2.0 219,590 3.14 22,197
Note: Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

Mr. Jules Riopel, Vice-President Exploration and Acquisitions of Adventure Gold, is acting as qualified person (as defined by NI 43-101) and has reviewed and approved the scientific and technical information in this press release.

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

Neither the TSX Venture Exchange or 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.

Contact Information

  • Andre Audet
    President & Chief Executive Officer
    613-241-2332
    www.mazorro.com

    Launch IR Inc.
    613-751-4448