Virgin Metals Inc.
TSX : VGM

Virgin Metals Inc.

May 31, 2007 11:02 ET

Virgin Metals Reports Additional Drill Results, Including 22m. at 0.78% Mo and 2.08% Cu

TORONTO, ONTARIO--(Marketwire - May 31, 2007) - Virgin Metals Inc. (TSX:VGM) (the Company) reports results for reverse circulation drill holes numbers 52 to 63 in its continuing in-fill and step-out drill program at its 100% owned Los Verdes molybdenum/copper project in northern Mexico. The objective of the drilling is to bring into the resource category mineralization on the recently acquired Bacanora claim and to increase the number of inclined holes throughout to provide improved comparison to earlier drilling. The order of drilling has been dictated to a certain extent by drill road development.

Holes 52, 53 and 55 were drilled to test the lateral extent of mineralization and generated no results of interest. Hole 54 was collared adjacent to previously drilled Hole 3 but was inclined to the south west at -55 degrees targeting the mineralization previously drilled in Hole 5. The significant mineralization intersected will expand the bounds of mineralization towards the Bacanora claim boundary.

Hole 56 was collared at the expected western edge of the Bacanora mineralization and drilled due east at 45 degrees to evaluate the western contact. Modest molybdenum and silver values were intersected over substantial widths. Hole 57 was drilled on the southwest edge of the deposit and final results are pending.

Holes 58, 59, 61 and 62 were twins of five scissor holes drilled by earlier operators at a different orientation than our own previous drilling. They confirmed grades shown by the historic drilling with high copper grades in Hole 58 and high copper, molybdenum and tungsten grades in 59.

Holes 60 and 63 were collared in the Bacanora area and extend the known mineralization to the west, confirming grades established in previously drilled Hole 5.



Details of intersection in Holes 54, 56 and 58 to 63 are as follows:

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Hole No. Inclination Total From To Intercept True
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Depth (m.) (m.) (m.) Thickness
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(m.)
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LVRC5407 -55 137.16 22.86 134.11 111.25 91.11
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including 39.62 118.87 79.25 64.9
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and 67.06 118.87 51.81 42.43
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LVRC5607 -55 121.92 71.63 121.92 50.29 41.19
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including 100.58 121.92 21.34 17.48
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LVRC5807 -50 115.82 18.29 115.82 97.53 74.7
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including 18.29 96.01 77.72 59.53
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LVRC5907 -45 167.64 21.34 123.44 102.10 72.18
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including 24.38 88.39 64.01 45.24
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LVRC6007 vertical 144.78 54.86 121.92 67.06 67.06
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including 70.10 121.92 51.82 51.82
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LVRC6107 -45 76.20 22.86 51.82 28.96 20.47
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LVRC6207 -50 166.12 53.34 158.50 105.16 80.55
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including 74.68 158.50 83.82 64.21
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LVRC6307 -45 166.12 60.96 166.12 105.16 74.35
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including 103.63 166.12 62.49 44.18
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including 123.44 146.30 22.86 16.16
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Hole No. Mo Cu W Ag
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Total % % % g/t
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LVRC5407 0.14 0.96 0.21 5.1
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including 0.18 1.20 0.26 6.8
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and 0.25 1.55 0.38 9.5
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LVRC5607 0.09 nil 0.07 22.4
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including 0.16 nil 0.10 23.9
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LVRC5807 0.10 1.19 0.18 6.2
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including 0.09 1.37 0.15 7.3
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LVRC5907 0.26 1.09 0.34 7.1
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including 0.29 1.41 0.42 8.8
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LVRC6007 0.10 0.65 0.16 7.0
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including 0.10 0.83 0.16 7.40
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LVRC6107 0.12 0.3 nil nil
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LVRC6207 0.15 0.83 0.09 3.3
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including 0.17 0.95 0.11 3.9
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LVRC6307 0.27 1.56 0.16 9.1
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including 0.41 1.63 0.25 8.0
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including 0.78 2.08 0.25 9.6
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Note: Intervals where no samples were collected are included as
intercepts of 0 grade.
No high values have been cut.


The samples, each representing 1.52 linear meters, were riffle split at the drill with approximately 12% of the recovered material (5 - 10 kg.) placed in a plastic bag and immediately fastened with a security tag. Little moisture has been encountered in drill holes to date resulting in free flowing material of all size fractions. Where moisture was present, a sampling cyclone was utilized with drill cuttings collected in buckets then placed in a large porous bag and immediately fastened with a security tag. The reject material for all samples have also been secured and stored for future use.

The samples were securely stored locally then collected by ALS Chemex personnel and transported to the ALS Chemex laboratory in Hermosillo where sample preparation was performed. All assay work was carried out at the ALS Chemex laboratory in Vancouver, BC.

In addition to the routine quality control work carried out by ALS Chemex, the Company has established a quality control protocol consisting of the routine use of sample duplicates, blank samples and certified sample assay standards obtained from WCM Sales Ltd., Burnaby B.C.

In addition to reverse circulation drilling, the company has drilled an additional 14 diamond drill holes. These holes are being used primarily for obtaining geotechnical, mineralogical, metallurgical and specific gravity data; samples will be submitted for assay only when this work is complete.

Virgin Metals President Chris Davie said: "This round of drilling is showing the extension of the mineralization onto the Bacanora claim, while showing increased copper grades compared to our previous drilling. It is intriguing that tungsten grades become more significant as we move west, as indicated by historic drilling. The data acquired with the Bacanora claim indicate a discrete zone of tungsten mineralization to the west of the known molybdenum/copper mineralization and we shall test this with our last few holes."

It is anticipated that drilling will be completed in the next few days and that the reverse circulation rig will be mobilized to the Cuatro Hermanos property in early June. Final drill results for Los Verdes should be available in late June and will be incorporated into the model that will form the basis of the ongoing feasibility study.

Virgin Metals is a junior exploration and development company; its projects include two copper/molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is expected to evolve rapidly towards production while the other, Cuatro Hermanos, is expected to be the focus of expanded exploration effort.

This report has been prepared by Mr. Gary Lohman, a Registered Professional Geologist and Qualified Person (QP) as defined by NI 43-101 of the Canadian Securities Administrators. Mr. Lohman is the QP for the Los Verdes exploration program

FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking information" within the meaning of the Securities Act (Ontario), including, but not limited to, statements as to timing and extent of exploration programs and the availability of exploration results. As such, forward-looking information addresses future events and conditions and so involves inherent risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Virgin Metals documents filed from time to time with the Ontario Securities Commission and other regulatory authorities. Actual results could differ significantly from those currently projected as a result of, among those factors, adverse weather, regulatory changes, delays in receiving permits, accidents and delays in completing exploration activities not all of which are in the control of Virgin Metals. The forward-looking information contained herein is Virgin Metal's reasonable estimate today of future events and conditions, but no assurance can be given that such events or conditions will occur.

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