Farallon Resources Ltd.: New Results Continue to Confirm the Potential of the Campo Morado Project.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , 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 -- Farallon Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :FAN) Dick Whittington Not to be confused with Sweet Dick Whittington. Dick Whittington (also Dick Wittington) is a character in a British pantomime, very loosely based on Richard Whittington, who was probably born in Gloucestershire but whose family came from Kinver in Staffordshire, , 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., is pleased to announce that since the last news release (October October: see month. 20, 2004), results for 13 more drill holes are now complete. This brings the number of assayed holes from the 2004 program at the Company's Campo Morado polymetallic project in Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. to 29, of which 22 have significant assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. grades. The new results are from holes 336-338 and 340-349. All holes are from the El Largo Largo, town (1990 pop. 65,674), Pinellas co., W Fla., on the Pinellas peninsula and the Gulf Coast, across the bay from Tampa; settled 1853, inc. 1905. It is a packing, canning, and shipping center in a citrus fruit and fishing area. deposit except hole 348 which is from the G-9 deposit. A table of all assay results received to date from the current program is attached. Also attached is a Drill Hole Location Plan and a Deposit Location Map for Campo Morado. Some highlights of the new results are as follows:
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Inter-
Drill From To val Inter-
Hole (met- (met- (met- val Au Ag Cu Pb Zn
Number res) res) res) (feet) g/t g/t % % %
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336 255.65 284.36 28.71 94.2 0.73 177 0.31 1.58 7.11
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336 Incl. 255.65 268.20 12.55 41.2 0.77 198 0.26 2.03 8.30
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337 183.12 272.65 89.53 293.7 0.43 44 0.39 0.39 2.77
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337 Incl. 258.65 269.65 11.00 36.1 0.78 171 0.31 1.92 10.88
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338 248.26 276.66 28.40 93.2 0.74 157 0.21 2.07 6.58
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338 Incl. 255.24 276.66 21.42 70.3 0.74 182 0.22 2.48 7.90
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347 131.05 239.03 107.98 354.3 0.82 78 0.35 0.66 3.74
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347 Incl. 163.00 173.50 10.50 34.4 1.74 193 0.44 1.78 6.59
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Drilling is ongoing. Since the commencement of the current program, approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 13,000 metres of the previously announced 15,000 metres drilling program have now been completed. Forty-two exploration drill holes have been completed of which 38 have intersected massive sulphide sulphide: see sulfide. 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. . In addition to the exploration holes, metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. bulk sample drilling is also underway with 5 holes being drilled at the Naranjo Naranjo [nah-RAHN-ho] is a Spanish-language surname that can refer to: People
The National Association to Promote Library and Information Services to Latinos and the Spanish-speaking, more commonly known as REFORMA deposit. Naranjo and Reforma are two of four deposits for which resource estimates were announced earlier this year. Mr. Whittington Whit·ting·ton , Richard 1358?-1423. English merchant and mayor of London (1397-1399, 1406-1407, and 1419-1420) who loaned large sums of money to Henry IV and Henry V. said, "I'm I'm Contraction of I am. Our Living Language Speakers of some scattered varieties of American English sometimes use I'm instead of I've or I have in present perfect constructions, as in excited by these new results. They further confirm the potential of the Campo Morado project and support our decision to proceed immediately to the Pre-Feasibility Study stage. These are significant numbers which combined with assays to date highlight the extent and scope of El Largo as a very significant VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. deposit discovery. As a result, a comprehensive metallurgical testing program is now underway which will assist us in designing the processing and metallurgical facilities to optimize optimize - optimisation the value of the resources. Coupled with the recent announcement of the formation of an experienced Pre-Feasibility Study team, I am confident we will be able to meet our target for completion of the Pre-Feasibility Study of July July: see month. 1, 2005." Farallon is currently in the first phase of a two-phase two-phase adj. Electricity Relating to two alternating currents with phases differing by 90°. targeted resource enhancement drilling program at Campo Morado. Coincident co·in·ci·dent adj. 1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary. 2. engineering studies are also underway, with a view to having a Prefeasibility Study completed by mid 2005, as the first step in a mine development program focused on opening a mine by January January: see month. 1, 2009. Farallon's drilling programs include rigorous quality assurance and quality control ("QA/QC QA/QC Quality Assurance/Quality Control ") procedures under the supervision of qualified persons. The in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. qualified person for the drilling program at Campo Morado is Daniel Daniel, book of the Bible Daniel, book of the Bible. It combines "court" tales, perhaps originating from the 6th cent. B.C., and a series of apocalyptic visions arising from the time of the Maccabean emergency (167–164 B.C. Kilby Kilby is a village and civil parish in the Blaby district of Leicestershire, England. It is the easternmost village in the district, and is south of Leicester. It has a population of about 300. , P.Eng P.Eng Professional Engineer . Resource estimates have been done by independent qualified persons. ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex is the analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. laboratory for the project; sample preparation is done in Guadalajara Guadalajara, city, Mexico Guadalajara (gwä'thälähä`rä), city (1990 pop. 1,650,042), capital of Jalisco state, SW Mexico, second largest city of Mexico. The metropolitan area includes close to 3 million people. , Mexico and analysis is done in Vancouver, BC. Details of resource estimates and the QA/QC program are provided in technical reports filed on www.sedar.com. For further details on Farallon Resources Ltd. and its Campo Morado property, please visit the Company's website at www.farallonresources.com or contact Investor Services at (604) 684-6365 or within North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. at 1-800-667-2114. ON BEHALF OF THE BOARD OF DIRECTORS J.R.H. (Dick) Whittington, President and CEO
CAMPO MORADO ASSAY TABLE
2004 DRILL PROGRAM
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Inter-
Drill From To val Inter-
Hole (met- (met- (met- val Au Ag Cu Pb Zn
Number res) res) res) (feet) g/t g/t % % %
---------------------------------------------------------------------
4321 196.80 256.14 59.34 194.7 0.67 103 0.41 0.89 5.64
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4321 Incl. 198.80 207.35 8.55 28.1 0.70 144 0.38 1.14 5.98
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4321 Incl. 213.35 222.00 8.65 28.4 0.61 123 0.30 1.34 7.19
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4321 Incl. 230.90 256.14 25.24 82.8 0.91 119 0.50 0.92 7.29
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4322 216.00 298.06 82.06 269.2 0.67 78 0.35 1.28 4.04
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4322 Incl. 216.00 242.00 26.00 85.3 0.48 118 0.26 2.82 7.39
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4322 Incl. 273.93 298.06 24.13 79.2 1.22 112 0.32 1.18 4.75
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4322 Incl. 273.93 281.93 8.00 26.2 0.87 162 0.27 2.26 8.42
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4323 216.05 270.50 54.45 178.6 1.25 114 0.40 0.94 3.68
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4323 Incl. 220.00 229.00 9.00 29.5 3.22 146 0.69 0.99 3.41
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4323 Incl. 229.00 234.00 5.00 16.4 0.49 168 0.30 1.79 9.13
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4323 Incl. 251.00 259.00 8.00 26.2 0.85 205 0.30 1.97 6.07
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4324 104.00 108.00 4.00 13.1 0.26 157 0.67 2.37 5.95
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4325 250.30 252.30 2.00 6.6 1.48 54 0.21 0.69 3.33
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4326 No significant results, did not intersect massive
sulphides.
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4327 179.63 282.00 102.37 335.9 0.63 55 0.34 0.49 2.33
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4327 Incl. 180.65 184.65 4.00 13.1 1.71 76 0.37 0.94 3.59
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4327 Incl. 190.65 217.65 27.00 88.6 0.80 124 0.34 1.01 4.09
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4327 Incl. 198.65 204.65 6.00 19.7 1.02 213 0.39 1.66 5.64
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4328 91.50 113.00 21.50 70.5 2.75 128 0.44 0.47 1.29
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4328 Incl. 106.00 113.00 7.00 23.0 3.14 142 0.87 0.99 3.51
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4329 195.50 267.80 72.30 237.2 0.90 140 0.28 1.09 5.54
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4329 Incl. 200.00 210.00 10.00 32.8 3.31 354 0.45 2.01 5.49
---------------------------------------------------------------------
4329 Incl. 201.00 205.00 4.00 13.1 6.99 564 0.69 2.23 5.06
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4329 Incl. 243.80 265.10 21.30 69.9 0.47 142 0.22 1.29 9.40
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4329 Incl. 255.80 265.10 9.30 30.5 0.37 152 0.29 1.19 12.07
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4330 Drilling suspended - Hole abandoned
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4331 57.00 98.75 41.75 137.0 0.86 36 1.21 0.16 0.92
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4331 Incl. 76.00 96.00 20.00 65.6 1.20 52 1.84 0.18 0.59
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4331 Incl. 90.00 96.00 6.00 19.7 1.06 61 3.56 0.05 0.46
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4332 241.85 285.10 43.25 141.9 0.62 202 0.21 2.67 8.76
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4332 Incl. 253.65 285.10 31.45 103.2 0.74 228 0.25 3.19 10.19
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4332 Incl. 275.30 280.00 4.70 15.4 0.78 306 0.27 3.69 12.91
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4333 No significant results, did not intersect massive
sulphides.
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4334 225.20 229.00 3.80 12.5 1.14 172 0.31 1.47 7.38
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4335 191.63 245.00 53.37 175.1 0.83 74 0.45 1.14 3.91
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4335 Incl. 193.63 217.50 23.87 78.3 0.80 149 0.41 2.43 7.42
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4335 Incl. 204.07 215.50 11.43 37.5 0.87 236 0.34 4.31 9.01
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(i)4336 240.73 247.60 6.87 22.5 0.63 104 0.25 0.93 6.61
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(i)4336 255.65 284.36 28.71 94.2 0.73 177 0.31 1.58 7.11
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(i)4336
Incl. 255.65 268.20 12.55 41.2 0.77 198 0.26 2.03 8.30
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(i)4337 183.12 272.65 89.53 293.7 0.43 44 0.39 0.39 2.77
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(i)4337
Incl. 250.65 272.65 22.00 72.2 0.74 114 0.36 1.16 8.48
---------------------------------------------------------------------
(i)4337
Incl. 258.65 269.65 11.00 36.1 0.78 171 0.31 1.92 10.88
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(i)4338 242.26 244.26 2.00 6.6 6.69 194 0.22 1.12 1.72
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(i)4338 248.26 276.66 28.40 93.2 0.74 157 0.21 2.07 6.58
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(i)4338
Incl. 255.24 276.66 21.42 70.3 0.74 182 0.22 2.48 7.90
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4339 246.31 253.33 7.02 23.0 1.29 108 0.26 1.06 2.97
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(i)4340 209.00 212.00 3.00 9.8 0.33 84 0.29 2.93 3.81
---------------------------------------------------------------------
(i)4340 218.00 228.00 10.00 32.8 5.19 32 0.40 0.29 0.57
---------------------------------------------------------------------
(i)4341 371.64 382.33 10.69 35.1 1.06 83 1.70 0.42 2.19
---------------------------------------------------------------------
(i)4341
Incl. 371.64 376.64 5.00 16.4 1.14 94 1.58 0.48 3.42
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(i)4342 No significant results
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(i)4343 194.95 202.40 7.45 24.4 1.32 153 0.30 1.36 3.70
---------------------------------------------------------------------
(i)4343
Incl. 197.40 200.00 2.60 8.5 0.91 250 0.31 2.46 6.91
---------------------------------------------------------------------
(i)4343 212.10 213.50 1.40 4.6 1.00 164 0.40 1.40 10.70
---------------------------------------------------------------------
(i)4344 Not sampled, did not intersect massive sulphides
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(i)4345 No significant results
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(i)4346 No significant results
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(i)4347 131.05 239.03 107.98 354.3 0.82 78 0.35 0.66 3.74
---------------------------------------------------------------------
(i)4347
Incl. 131.05 137.00 5.95 19.5 1.90 181 0.42 1.57 4.81
---------------------------------------------------------------------
(i)4347
Incl. 158.00 186.50 28.50 93.5 0.88 137 0.32 1.16 5.20
---------------------------------------------------------------------
(i)4347
Incl. 163.00 173.50 10.50 34.4 1.74 193 0.44 1.78 6.59
---------------------------------------------------------------------
(i)4347
Incl. 204.50 213.50 9.00 29.5 0.57 64 0.28 0.57 7.23
---------------------------------------------------------------------
(i)4348 260.75 262.12 1.37 4.5 2.93 489 2.61 1.60 2.02
---------------------------------------------------------------------
(i)4348 275.75 277.15 1.40 4.6 1.67 34 0.69 0.06 8.13
---------------------------------------------------------------------
(i)4348 285.50 287.35 1.85 6.1 0.28 21 0.73 0.14 3.69
---------------------------------------------------------------------
(i)4349 134.20 231.25 97.05 318.4 0.92 69 0.40 0.61 3.68
---------------------------------------------------------------------
(i)4349
Incl. 138.00 143.00 5.00 16.4 3.19 196 0.35 1.33 1.95
---------------------------------------------------------------------
(i)4349
Incl. 163.00 191.00 28.00 91.9 0.87 79 0.36 0.77 6.03
---------------------------------------------------------------------
(i)4349
Incl. 174.00 178.00 4.00 13.1 0.38 113 0.32 0.71 7.81
---------------------------------------------------------------------
(i)4349
Incl. 185.00 191.00 6.00 19.7 0.41 76 0.27 1.26 10.92
---------------------------------------------------------------------
(i)4349
Incl. 212.00 219.00 7.00 23.0 0.50 57 0.67 0.68 4.71
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(i) New Results
Assays are pending for holes 350-368.
To view the map accompanying ac·com·pa·ny v. ac·com·pa·nied, ac·com·pa·ny·ing, ac·com·pa·nies v.tr. 1. To be or go with as a companion. 2. this press release please click on the following links: http://www2.cdn-news.com/database/fax/2000/FAN1129b.pdf http://www2.cdn-news.com/database/fax/2000/FAN1129a.pdf 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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