Sinchao Metals Corp.
TSX VENTURE : SMZ

Sinchao Metals Corp.

October 09, 2008 09:04 ET

Sinchao Metals Announces Further Positive Drill Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2008) - Sinchao Metals Corp. (TSX VENTURE:SMZ) is pleased to announce the results from the final seven diamond drill holes of the 2008 drill program drilled on the Breccia and Skarn Zones at the Sinchao Property in Peru. Assays have been received for holes SDH-38, SDH-39, SDH-40, SDH-41, SDH-42, SDH-43 and SDH-47.

Significant intersections are as follows:



From To Interval Copper Gold Silver
m m m % g/t g/t

Hole SDH-38

43.1 54.15 11.05 0.55 0.44 17.0

Hole SDH-39

0.0 94.60 94.60 0.31 0.38 16.8

Including:

64.40 94.60 30.2 0.72 0.36 25.0

Hole SDH-40

66.3 129.4 63.1 0.01 0.46 1.6
313.25 428.9 115.65 0.37 0.77 10.1

Hole SDH-41

165.9 294.2 128.3 0.17 0.21 7.8

Hole SDH-42

147.9 160.1 12.2 0.29 0.27 14.5

Hole SDH-43

74.7 101.15 26.45 0.29 0.13 3.5
175.2 273.35 98.15 0.20 0.11 6.6

Hole SDH-47

18.7 60.0 41.3 0.26 0.29 10.2
338.35 390.2 51.85 0.23 0.13 4.2


For an updated summary map of significant drill results, please go to:
http://media3.marketwire.com/docs/SinchaoMap.pdf

"We are pleased that the drilling continues to intercept significant widths of mineralization," said President Andrew Gourlay. "Of particular interest are Holes SDH-41 and SDH-42, which were drilled in a northeast direction into the Skarn Zone and returned interesting zinc values."

Hole SDH-41 returned 128m grading 0.50% zinc. Earlier sampling and drilling found areas of high grade zinc in the Skarn Zone. The distribution of high-grade within the Skarn Zone is not well understood and further drilling is required to define the areas of zinc mineralization.

Broad zones of copper-gold mineralization have now been intersected over distances of at least 700 metres in a southwest - northeast direction, and over 600 metres in a northwest - southeast direction. The limits of the mineralization have not yet been defined and the mineralization remains open to depth.

On behalf of Sinchao Metals Corp.

Andrew W. Gourlay, P. Geol., President

About Sinchao Metals Corp.:

Sinchao Metals Corp. (TSX VENTURE:SMZ) is focused on the exploration and development of the Sinchao property, located in Cajamarca province in Northern Peru, 30 kilometres from Yanacocha, the largest gold mine in South America. The company is dedicated to creating value for its shareholders by pursuing growth, expansion and enhancement of the Sinchao property.

This news release may contain forward-looking information within the meaning of the Securities Act (Ontario) ("forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of gold and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Sinchao Metals Corp.
    Andrew W. Gourlay, P. Geol.
    President
    (604) 681-6186 or Toll Free: 1-888-356-4784
    (604) 681-3652 (FAX)
    Website: www.sinchaometals.com