Minsud Resources Corp.
TSX VENTURE : MSR

Minsud Resources Corp.

September 30, 2011 13:56 ET

Minsud Intercepts 101 g/t Silver and 3.2% Copper Over 4.0 m on the Romina Corridor

TORONTO, ONTARIO--(Marketwire - Sept. 30, 2011) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") is pleased to announce results from its Phase I drilling program at the Chita Valley Project in Argentina. The project is strategically located in the world-class El Indio mining district of Chile and Argentina where the Pascua-Lama and Veladero mines (Barrick) and the Del Carmen project (Malbex Resources) are located.

Drill hole Ro1104 collared in the 1,500 m long Romina mineralized corridor intercepted silver, gold and copper rich veins returning 4.0 m with 101 g/t silver, 0.83 g/t gold, and 3.20% copper hosted in altered granodiorite. Other highlight interception in the following table:

Hole ID
From (m)
To (m)
*Interval
(m)
Au (g/t)
Ag (g/t)
Cu (%)
RoW1101 131.0 133.0 2.0 0.20 42.0 1.7
RoW1101 154.0 155.0 1.0 0.21 102.0 2.9
RoW1102 2.0 3.0 1.0 0.05 62.0
RoW1102 18.0 19.0 1.0 0.42 1.0
RoW1102 81.0 83.0 2.0 0.34 22.0 0.5
RoW1102 225.0 226.0 1.0 0.66
RoW1103 35.0 36.0 1.0 1.07
RoW1103 162.0 163.0 1.0 1.17 66.0 1.2
Ro1104 71.0 75.0 4.0 0.83 101.0 3.2
Ro1104 150.0 158.0 8.0 0.45 2.0
Including 156.0 158.0 2.0 1.19 6.0
Ro1105 7.0 8.0 1.0 1.16 5.9
Ro1105 30.0 31.0 1.0 1.29 10.6
Ro1105 36.0 37.0 1.0 2.43 35.5
Ro1105 105.0 107.0 2.0 0.40 54.0
Ro1105 203.0 204.0 1.0 2.91 14.0
* Non true width

Roberto Milanese, Minera Sud Argentina S.A. VP Exploration said "The altered granodiorite intercepted by Ro1104 and Ro1105 in the Romina Corridor shows that it is highly favorable for mineralization and it opens up a large potential for veins emplaced in the altered granodiorite of Cerro Lara and Pájaro Loco."

Mr Carlos Massa, President and CEO is pleased to announce that Minsud will complete Phase I program by drilling 900 meters at Minas de Pinto, gold target and a second hole to extend and confirm at depth the gold silver veins mineralization within the Cu-Moly porphyry. Drilling will commence last week of October.

Mr. C. Gustavo Fernandez, Professional Geoscientist in the Province of Ontario, is the Qualified Person as defined by NI 43-101. Mr. Fernandez has read and approved the contents of this release.

To view the graph for Exhibit I: Drilling Program Targets Phase I, please click on the following link:

http://media3.marketwire.com/docs/minsud.pdf

About Minsud Resources Corp.

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley project, primarily for gold, silver and copper in San Juan Province, Argentina.

Additionally, the Company holds a portfolio of approximately 75,000 ha of 100% owned exploration properties in Patagonia. Most of the key properties held by the Company are located in mining friendly provinces like San Juan and Santa Cruz, Argentina.

Quality Assurance/Quality Control:

Drill core samples were submitted to Alex Stewart (Assayers), Argentina S.A. an ISO 9000-2000 accredited laboratories located in Mendoza, Argentina. Gold and silver results were determined using standard fire assay techniques on a 50 gram sample with a gravimetric finish for gold and silver. MINSUD's QA/QC program includes the insertion of blanks, standards and duplicates into the sample stream for Chita drill holes.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, anticipated financial results, future work programs, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's TSXV Filing Statement dated April 27, 2011 under the heading "Risk Factors". There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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.

Contact Information

  • Minsud Resources Corp.
    Carlos Massa
    President and Chief Executive Officer
    +541143284067
    cmassa@minsud.com