Zacoro Metals Corp.

Zacoro Metals Corp.
Vistior Capital Limited
TSX VENTURE : VCL.P

February 28, 2008 17:35 ET

Zacoro Metals Corp. Announces Increased Resource Estimates

TORONTO, ONTARIO--(Marketwire - Feb. 28, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

ZACORO METALS CORP. ("Zacoro") and VISTIOR CAPITAL LIMITED ("Vistior") (TSX VENTURE:VCL.P) are pleased to announce that Zacoro has received a new Canadian Institute of Mining and Petroleum ("CIM") compliant resource estimate (the "Resource Estimate") for the El Cobre Project located in Zacatecas State, Mexico prepared by its technical adviser, Dr. Greg Myers P. Geo., a qualified person as required by National Instrument 43-101 ("NI 43-101").

The Technical Report calculates an indicated resource of 58.34 million tonnes grading 0.82% copper, 0.609 gpt gold, and 14.6 gpt silver, and an inferred resource of 25.37 million tonnes grading at 0.60% copper, 0.5 gpt gold, and 12 gpt silver (utilizing a hard boundary for the mineralized portion of the skarn defined as 0.2% copper and applying an internal block cut-off of 0.1% copper) for a total resource of 1,457,624,487 lbs copper equivalent (indicated) and 481,800,040 lbs copper equivalent (inferred).

The results of the Technical Report are set forth in the following table:
Resource Category



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Cu Au Ag
Resource Grade Grade Grade
Category Tonnes (%) (gpt) (gpt)

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Indicated 58,340,000 0.82% 0.609 14.6

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Inferred 25,370,000 0.60% 0.5 12

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Copper
Resource Equivalent
Category Cu (lbs) Au (Oz) Ag (Oz) (lbs)

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Indicated 1,048,223,367 1,036,265 24,843,127 1,457,624,487

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Inferred 335,584,212 369,979 8,879,504 481,800,040

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(i) Copper equivalent is calculated using copper equals $2.50/lb, gold equals $700/oz, silver equals $12/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%.

The Resource Estimate is based on drilling and production information collected during Zacoro's 2007 drilling program and the pilot development and processing operations as well as over 36,000 metres in 447 holes drilled by Asarco, Fomento Minero and Macocozac during the 1960's through the 1990's. One hundred and forty seven diamond core holes were completed during 2007 totaling 41,200 meters. As at the date of the Resource Estimate, assay results had been received from 86 of these drill holes, and are incorporated in the Resource Estimate. Geologic observations from the remaining 61 drill holes completed in 2007 and the ongoing 2008 program were incorporated into the geologic model used in the Resource Estimate, when possible.

Key Assumptions, Parameters and Methods for the Resource Estimate

Geological modeling was carried out in a systematic process, beginning with a review of the previous geological cross-section interpretations. These sections were used as the baseline geology for a reinterpretation of the drilling data. This work was advanced in conjunction with the interpretation of the geological bench plans during the first phase of modeling. The section and bench plans form a rectified geological model and were entered into a three dimensional model in GEMS software. The bench plans were further refined within the zone of drilling and tied together to make a solid model. The solid model was modified bench by bench and section by section in order to adjust the hard boundaries to include most of the mineralized intervals and exclude weakly mineralized intervals where possible, to define the best estimation of the mineralized skarn body.

Data Verification

The assay and drill log data from Zacoro's 2007 drill program were entered into an ACCESS database. Data integrity was triple entered and checked to confirm the data entry was accurate. The database was evaluated in GEMS for the calculation of the Resource Estimate. Dr. Myers checked and verified every historic and recent drill log and assays results to confirm accurate entry of the data in the database and believes any entry errors are minimal, being less than 1% of the total intervals in the database. Assay data from the 2007 program were received digitally from BSI Inspectorate and entered directly into the ACCESS database, eliminating hand entry errors.

Assay results are pending for the 2007 check assay program. Samples were submitted to ALS Chemex in October through December of 2007 and final results are expected in March of 2008.

Drilling samples prior to 1998 were not preserved and are not available for re-assay. Confirmation of the assay results for the historic drillholes are based on new drillholes which intersect the same mineralized zone in the approximate location of the old drilling. Historic drillholes were not surveyed downhole and many were collared from the underground workings, thus twinning of the holes is very difficult. Core samples are available for the 1998 and 2004 drilling campaigns and agree with the logs and assays. Core is not available for the majority of historic drillholes. All core from the 2007 drilling program are available for examination in a secure warehouse near the property. An expanded check assay program is recommended for 2008.

ABOUT ZACORO METALS CORP.

Zacoro Metals Corp. is a widely held Ontario company with its head office in Toronto, Ontario. Zacoro, through its 100% owned Mexican subsidiary, Eucan Mines, S.A. de C.V., has the right to earn a 50% interest in the El Cobre Project which is comprised of 22 exploitation concessions covering 1,433 ha located in Concepcion del Oro, Zacatecas, Mexico along with related assets. The El Cobre Project has an audited mineral resource and a mill facility with a rated design of 2,250 tpd.

All information contained in this news release with respect to Zacoro was supplied by Zacoro for inclusion herein, and with respect to such information, Vistior and its board of directors and officers have relied on Zacoro.

FOR FURTHER INFORMATION, PLEASE CONTACT:

This press release includes "forward looking statements", within the meaning of applicable securities legislation, which are based on the opinions and estimates of management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words suggesting future outcomes or statements regarding an outlook. Assuming completion of the Proposed Transaction, such risks and uncertainties include, but are not limited to, risks associated with the mining industry (including operational risks in exploration development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainties involved in the discovery and delineation of mineral deposits, resources or reserves; the uncertainty of resource and reserve estimates and the ability to economically exploit resources and reserves; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of Zacoro to obtain all permits, consents or authorizations required for its operations and activities; and health and safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations, the ability of Zacoro to fund the capital and operating expenses necessary to achieve the business objectives of Zacoro, the uncertainty associated with commercial negotiations and negotiating with foreign governments and risks associated with international business activities, as well as those risks described in public disclosure documents filed by Zacoro.
Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in securities of Visitor and, assuming completion of the Proposed Transaction, the Resulting Issuer should not place undue reliance on these forward-looking statements. Statements in relation to "resources" and "reserves" are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described can be profitably produced in the future. Readers are cautioned that the foregoing lists of risks, uncertainties and other factors are not exhaustive. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements contained in this press release or in any other documents filed with Canadian securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE PROPOSED TRANSACTION AND HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

Contact Information

  • Zacoro Metals Corp.
    Daniel T. Farrell
    President and CEO
    (416) 540-6436
    Email: dfarrell@zacoro.com
    or
    Vistior Capital Limited
    Rami Younes
    President
    (416) 445-4572
    or
    Vistior Capital Limited
    Corbet Elder
    Chief Financial Officer
    (416) 445-4572
    Email: celder@vistiorcapital.com