Farallon Commences Comprehensive Program to Advance Campo Morado Project.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Ronald W. Thiessen, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Farallon Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :FAN) is pleased to announce operational plans for its Campo Morado project, located approximately 160 kilometres southwest of Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi in Guerrero State, Mexico. Extensive drilling is planned to commence at site in early August. This program is the first phase of a comprehensive effort to advance the project toward feasibility and mine development. A district-scale series of zinc-copper-lead-gold-silver volcanogenic vol·ca·no·gen·ic adj. Of volcanic origin. massive sulphide deposits are present at Campo Morado. The deposits occur within a belt, trending northwest to southeast, hosting more than 20 known massive sulphide occurrences. Farallon acquired its initial Campo Morado properties in 1995 and carried out extensive exploration programs through 2000, including in excess of 64,000 metres of diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral , over 29,000 soil samples, 544 line kilometres of gravity surveys, as well as 160 square kilometres of detailed geological mapping. Through this systematic exploration program, Farallon established an outstanding rate of discovery: two known deposits were delineated, and six new deposits and zones were identified. A recently completed technical report by in-house qualified person Daniel Kilby, P.Eng., and independent qualified person Marek Nowak, P.Eng., encompasses a review of the previous exploration programs and historic resource estimates to bring the latter into compliance with National Instrument 43-101, as well as providing recommendations for further work. This report will be filed on www.sedar.com in 30 days. A significant base and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. mineral resource has already been established at the Campo Morado Project in four deposits, Reforma, Naranjo, El Rey El Rey, which means "The King" in the Spanish language, may refer to:
----------------------------------------------------------- CAMPO MORADO - INFERRED MINERAL RESOURCE ----------------------------------------------------------- Cut-off Tonnes Zn Cu Pb Au Ag $GMV/t(1) (millions) % % % g/t g/t ----------------------------------------------------------- 30 24.9 2.38 0.73 0.69 1.78 99 60 15.2 3.26 0.78 0.99 2.57 136 90 9.2 4.08 0.79 1.29 3.34 176 120 5.2 4.70 0.81 1.73 4.47 234 150 33 4.97 0.81 2.03 5.69 290 ----------------------------------------------------------- (1)GMV/t is grade times metal price using US$0.58/lb for Zn, US$0.95/lb for Cu, US$0.28/lb for Pb, US$325/oz for Au, US$6.50/oz for Ag The $90/tonne cut-off grade is expected to be appropriate for economic evaluations, and the resource at this cut-off is highlighted above. The mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. demonstrates good continuity and the Company is confident the resource can be readily upgraded to higher confidence categories. El Rey and El Largo have been only partially delineated and are open to significant expansion with further drilling. In addition, there are many other known zones and targets to be fully explored by drilling. As part of its overall program to rapidly advance the Campo Morado Project, Farallon is planning an extensive drilling program to begin in early August. The initial phase, comprising 15,000 metres of core drilling, will focus on the El Largo and El Rey deposits and the Estrella de Oro, and G-9 zones. ON BEHALF OF THE BOARD OF DIRECTORS Ronald W. Thiessen, President and CEO No regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved the information contained in this news release. |
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