Sinchao Metals Corp.
TSX VENTURE : SMZ

Sinchao Metals Corp.

January 09, 2007 09:13 ET

Sinchao Metals Corp. Expands High Grade Zinc Discovery on the Sinchao Property, Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 9, 2007) - Sinchao Metals Corp. (TSX VENTURE:SMZ) is pleased to announce the results of recent surface sampling of the Skarn Zone at the Sinchao Property. The sampling has significantly expanded the area of mineralization. Grab samples of massive sphalerite, galena and pyrite were collected from float, outcrop, and dumps from old workings, hosted by skarn and altered limestone.

Sixty-four samples of skarn mineralization returned average values of 14.27% Zinc, 2.40% Lead, 1.87 g/t Gold, 85.04 g/t Silver and 1.40% Copper (See Table 1).

The samples were collected along a northwest-southeast trending skarn zone over a strike length of approximately 1,500 metres, which remains open in both directions. The high-grade mineralization is associated with a chargeability anomaly that extends approximately 500 metres to the northwest of the area sampled.

The Skarn Zone was developed by the intrusion of Tertiary aged San Miguel Diorite into Cretaceous aged limestone. This limestone is the same age as the limestone that hosts the Antamina Zinc-Copper Skarn Deposit, located approximately 250 kilometres to the southeast.

This significant discovery confirms that the Sinchao Property has the potential to host large tonnage, high-grade zinc mineralization. The high-grade mineralization within the Skarn Zone will be followed-up with additional surface sampling and drill testing. The Skarn Zone is one of four distinct mineralized systems recognized on the Sinchao Property.

Andrew Gourlay, P. Geol., President of Sinchao Metals Corp., is the Qualified Person for the technical disclosure in this news release. All samples were prepared and analyzed by the CIMM Peru S.A. laboratory in Lima, Peru, an ISO-accredited laboratory. Standard reference materials, blank and field duplicate samples were inserted prior to the shipment from site to monitor the quality control of analytical data.

On behalf of Sinchao Metals Corp;

Andrew W. Gourlay, P. Geol., President

About Sinchao Metals Corp.

Sinchao Metals Corp. 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.



Table 1: Skarn Samples

--------------------------------------------------------
Sample
No. Au g/t Ag ppm Cu ppm Pb ppm Zn ppm
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169001 0.68 39.0 3,400 3,200 311,600
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169002 0.53 16.0 1,900 2,400 120,200
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169003 0.703 29.0 4,200 3,000 290,600
--------------------------------------------------------
169004 2.666 147.0 - 104,800 165,800
--------------------------------------------------------
169851 14.24 255.7 925 154,400 48,800
--------------------------------------------------------
147 0.066 5.3 588 763 2,809
--------------------------------------------------------
156 0.91 23.2 1,358 8,626 58,800
--------------------------------------------------------
157 0.37 23.7 898 4,742 21,100
--------------------------------------------------------
158 0.87 32.0 295 1,778 15,900
--------------------------------------------------------
159 0.082 8.5 562 963 2,369
--------------------------------------------------------
172 6.33 116.0 1,852 102,200 102,800
--------------------------------------------------------
173 2.69 539 2,194 226,200 66,900
--------------------------------------------------------
174 7.03 103.0 2,828 63,800 109,100
--------------------------------------------------------
175 4.54 156 2,295 95,400 106,900
--------------------------------------------------------
176 0.13 141 103,400 539 1,035
--------------------------------------------------------
180 6.04 113 2,238 75,700 132,200
--------------------------------------------------------
181 5.30 99.9 1,306 97,300 139,600
--------------------------------------------------------
182 2.71 14.3 1,464 1,189 405,200
--------------------------------------------------------
183 1.82 12.7 1,702 727 393,900
--------------------------------------------------------
184 1.35 11.9 1,345 682 343,400
--------------------------------------------------------
186 1.15 15.7 1,265 1,141 497,600
--------------------------------------------------------
188 4.19 256 3,403 101,600 123,300
--------------------------------------------------------
189 3.38 99.2 1,165 90,300 148,100
--------------------------------------------------------
192 0.94 39.1 7,743 1,723 3,868
--------------------------------------------------------
193 0.62 98.3 29,700 346 670
--------------------------------------------------------
194 0.12 110.0 80,900 325 758
--------------------------------------------------------
195 1.96 15.7 1,889 727 349,700
--------------------------------------------------------
196 0.81 10.7 1,426 717 482,600
--------------------------------------------------------
197 2.10 21.2 2,079 1,249 429,100
--------------------------------------------------------
198 2.40 28.4 1,273 1,641 437,900
--------------------------------------------------------
199 0.009 0.9 32 75 1,693
--------------------------------------------------------
200 0.90 13.4 1,441 728 430,300
--------------------------------------------------------
201 0.81 47.5 3,724 2,315 203,000
--------------------------------------------------------
202 0.65 19.8 2,916 1,591 203,100
--------------------------------------------------------
203 0.75 43.7 4,383 2,694 232,600
--------------------------------------------------------
204 0.81 79.1 5,139 3,582 317,200
--------------------------------------------------------
211 1.03 24.9 2,251 2,665 279,700
--------------------------------------------------------
212 0.78 33.6 3,806 2,512 347,600
--------------------------------------------------------
213 0.94 35.5 3,040 2,588 301,000
--------------------------------------------------------
357 8.5 211 4,963 800 15,500
--------------------------------------------------------
358 5.43 67.5 5,191 1,212 11,900
--------------------------------------------------------
359 2.72 429 57,300 27,900 120,200
--------------------------------------------------------
360 2.29 382 46,300 52,500 124,800
--------------------------------------------------------
364 1.69 331 39,200 29,500 192,900
--------------------------------------------------------
365 1.89 259 40,500 39,000 124,400
--------------------------------------------------------
366 0.18 5.7 179 3,226 12,700
--------------------------------------------------------
367 0.046 5.0 328 1,054 18,100
--------------------------------------------------------
166 0.19 29.9 7,730 3,179 26,000
--------------------------------------------------------
008 0.84 67.4 47,600 3,494 16,500
--------------------------------------------------------
013 0.060 4.7 31,800 454 12,600
--------------------------------------------------------
016 0.11 54.4 155,000 1,313 16,500
--------------------------------------------------------
029 0.74 39.0 41,000 2,215 66,000
--------------------------------------------------------
057 0.62 44.2 22,500 3,481 34,300
--------------------------------------------------------
071 0.77 48.7 11,600 25,000 25,000
--------------------------------------------------------
095 3.23 52.9 312 19,000 20,500
--------------------------------------------------------
113 0.59 187 6,914 9,678 79,300
--------------------------------------------------------
139 2.76 356 12,500 120,200 55,600
--------------------------------------------------------
214 1.05 121 9,033 3,052 356,100
--------------------------------------------------------
018 1.27 20.8 1,823 512 70,600
--------------------------------------------------------
060 0.69 59.5 44,400 14,600 51,100
--------------------------------------------------------
119 0.048 3.9 1,631 744 14,800
--------------------------------------------------------
1001 0.32 6.1 44 3,374 13,500
--------------------------------------------------------
1003 0.036 1.4 17,500 621 13,700
--------------------------------------------------------
1007 0.36 7.8 136 5,306 13,600
--------------------------------------------------------


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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