Sinchao Metals Corp.
TSX VENTURE : SMZ

Sinchao Metals Corp.

April 28, 2008 08:30 ET

Sinchao Metals Step Out Intersects 126 Metres Grading 0.67% Copper

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2008) - Sinchao Metals Corp. (TSX VENTURE:SMZ) is pleased to announce the results from Drill Hole SDH-34, drilled on the Breccia Zone at the Sinchao Property in Peru. Assays have been received for the interval 0.0m to 501.5m, the bottom of the hole. Drill Hole SDH-34 intersected silicified dacite porphyry and breccia with clasts of quartzite and silicified dacite.

Significant intersections are as follows:



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

99.7 441.55 341.85 0.44 0.32 6.1

Including:

271.6 397.9 126.3 0.67 0.63 8.3


These are drill intersections and true widths have yet to be determined.

"As we continue our drill program we are encouraged by the continuity of the mineralization over such a large area," said President Andrew Gourlay. "This supports our confidence in the bulk tonnage potential of this property. While we have now identified mineralization over approximately 750 metres and to depths of up to 450 metres, the mineralization remains open to both the northeast and southeast. We are continuing step out drilling in order to expand the limits of the defined mineralization."

Drill Hole SDH-34 was drilled approximately 220 metres southwest of Hole SDH-31 (see News Release dated April 16, 2008). Copper-gold mineralization at the Breccia Zone has now been identified over a northeast-southwest distance of approximately 750 metres, from Holes SDH-07, drilled in 1998, to Hole SDH-34, and to depths of up to 450 metres. The mineralization remains open to both the northeast and southwest along Section 12, and to the north and south. Step out drilling 150m to both the north and south of this section is underway. Additional drilling will be required to define the mineralization.

Andrew Gourlay, P. Geol., President 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, blanks and field duplicate samples were inserted prior to the shipment from site to monitor the quality control of analytical data.

Sinchao Metals Corp. owns 100% interest in the Sinchao Property, which is located in Cajamarca Province, Northern Peru, and 30 kilometres from Yanacocha, the largest gold mine in South America.

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.

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