Farallon Updates Drilling, Metallurgical & Project Development.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 -- Farallon Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :FAN) - Persistent Progress Being Made on All Fronts 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 provide an update of recent activities regarding the Company's Campo Morado polymetallic (zinc, gold, silver, copper, lead) project in Guerrero State, Mexico. Assay results from several new drill holes have been received and preliminary results of 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. testing are now available. Progress continues to be made in all areas of the project's development. Seventy-three holes, including 56 exploration, 4 geotechnical and 13 metallurgical, have been drilled and assayed since site activities recommenced at Campo Morado in August 2004. Drilling has targeted six polymetallic deposits: 52 holes have been drilled at 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. , 7 at Naranjo, 6 at Reforma, 5 at G-9, 2 at Estrella de Oro and 1 at El Rey El Rey, which means "The King" in the Spanish language, may refer to:
Results from 20 new exploration holes are attached along with Drill Location Plans and a Deposit Location Map. Highlights are tabulated below.
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Inter-
Drill From To val Inter-
Hole (met- (met- (met- val Au Ag Cu Pb Zn
Number Deposit res) res) res) (feet) g/t g/t % % %
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4367 El
Largo 113.58 152.00 38.42 126.0 1.50 91 0.54 1.13 3.37
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4367 El
Largo
Incl. 138.10 145.82 7.72 25.3 1.14 152 0.45 2.32 6.88
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5376 El
Largo 240.70 257.70 17.00 55.8 0.15 37 0.22 0.42 5.69
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5376 El
Largo 271.50 276.56 5.06 16.6 1.02 206 0.24 3.15 7.04
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5382 El
Largo 268.00 279.03 11.03 36.2 0.99 195 0.40 2.07 11.42
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5392 El
Rey 198.00 205.00 7.00 23.0 8.31 201 0.75 1.13 3.05
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Metallurgical testwork is underway at G & T Laboratories in Kamloops, British Columbia and SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Lakefield's (SGS) testing facility in Lakefield, Ontario Lakefield (population 2400) is a village which is a part of the township of Smith-Ennismore-Lakefield, and Peterborough County, Ontario, although it was formerly a separate village. The Trent-Severn Waterway passes on the west. . Preliminary testing has indicated that hydrometallurgical hy·dro·met·al·lur·gy n. The treatment of metal or the separation of metal from ores and ore concentrates by liquid processes, such as leaching, extraction, and precipitation. techniques can be used to treat 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. at Campo Morado, and a more detailed evaluation of these techniques is currently underway. The flowsheet envisaged involves production of a bulk rougher flotation flotation or froth flotation Most widely used process for extracting many minerals from their ores. The method separates and concentrates ores by altering their surfaces so that they are either repelled or attracted by water. concentrate that will be subjected to conventional low temperature/pressure oxidation oxidation /ox·i·da·tion/ (ok?si-da´shun) the act of oxidizing or state of being oxidized.ox·idative ox·i·da·tion n. 1. The combination of a substance with oxygen. 2. in an autoclave autoclave Vessel, usually of steel, able to withstand high temperatures and pressures. The chemical industry uses various types of autoclaves in manufacturing dyes and in other chemical reactions requiring high pressures. to extract zinc and copper into solution. Zinc and copper metal will then be recovered by normal solvent solvent, constituent of a solution that acts as a dissolving agent. In solutions of solids or gases in a liquid, the liquid is the solvent. In all other solutions (i.e. extraction/electrowinning (SX/EW) processes, and traditional cyanidation techniques will be applied to recover the 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. from the autoclave leach leach v. leached, leach·ing, leach·es v.tr. 1. To remove soluble or other constituents from by the action of a percolating liquid. 2. residue residue n. in a will, the assets of the estate of a person who has died with a will (died testate) which are left after all specific gifts have been made. Typical language: "I leave the rest, residue and remainder [or just residue] of my estate to my grandchildren. . Flotation testwork on samples of El Largo, Reforma and Naranjo drill core is being carried out. Samples of bulk rougher flotation concentrates have been produced and shipped to SGS, where bench-scale pressure oxidation tests have been performed. Preliminary results have indicated zinc and copper solution extraction values in excess of 95% and 85%, respectively. Favourable leach performance has been reported under relatively mild oxidative ox·i·da·tive adj. Of, relating to, or characterized by oxidation. oxidative, adj having the ability or property to oxidize. oxidative pertaining to or emanating from oxidation. conditions. Approximately two tonnes of bulk flotation concentrate will be treated in the SGS mini-pilot plant in April/May 2005 to examine each of the hydrometallurgical unit processes Unit processes Processes that involve making chemical changes to materials, as a result of chemical reaction taking place. For instance, in the combustion of coal, the entering and leaving materials differ from each other chemically: coal and air enter, and in an integrated and continuous circuit. All principal elements of the proposed flowsheet will be examined during this program, which will generate design criteria Noun 1. design criteria - criteria that designers should meet in designing some system or device; "the job specifications summarized the design criteria" criterion, standard - the ideal in terms of which something can be judged; "they live by the standards of their to be incorporated into a Preliminary Feasibility Study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. . In addition to the success of the metallurgical program noted above, Project Development work is ongoing in all key areas as follows: resource estimation estimation In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. , deposit modelling, cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, grades, throughput rates Throughput rate is an obsolete term[1] in the terminology of automated chemical analysis. It may mean either:
1. ^ International Union of Pure and Applied Chemistry. "throughput rate". , mine design, backfill back·fill n. Material used to refill an excavated area. tr.v. back·filled, back·fill·ing, back·fills To refill (an excavated area) with such material. requirements, ventilation, plant site location, tailings Tailings (also known as tailings pile, tails, leach residue, or slickens[1]) are the materials left over[2] after the process of separating the valuable fraction from the worthless fraction of an ore. dam design, access, power requirements, environmental data gathering, permitting and community involvement. Due to the nature of mineralization at each deposit, their relative locations, and the ability to "modular mine" each deposit separately, several mine development alternatives are available. As a result, numerous "trade-off" studies are underway to ensure that the optimal development plan is selected for the Pre-feasibility Study. Due to the necessity to conduct these studies prior to commencement of the Pre-feasibility Study, as well as integrating the very successful 2004 El Largo discovery into the overall mine development plan, management has changed the date of completion of the pre-feasibility study to the first quarter of 2006. Dick Whittington said, "We are making persistent progress at Campo Morado. Delineation drilling at last year's major discovery - the significant expansion of the El Largo deposit - continues to increase the size of this deposit and this is challenging our mine development assumptions. Metallurgical bulk sample drilling has been a key focus so far this year and I am very pleased with the preliminary results of the metallurgical testwork program, which support our choice of processing methodology for the project. Additionally, the Pre-feasibility Study is offering numerous options for us to consider as we develop the optimal overall mine development plan. Furthermore, a number of priority drill targets remain to be drilled, giving the project significant upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar from any new discoveries. Campo Morado continues to be an exciting exploration and development opportunity for the Company and we remain on track to open a mine by 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 qualified person for the drilling program at Campo Morado is Daniel Kilby, P.Eng. 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, Mexico and analysis is done in Vancouver, BC. Engineering and metallurgical testing programs are being carried out under the supervision of the Company's engineering consultant and qualified person Ross Banner, P.Eng. For further details on Farallon Resources Ltd., its Campo Morado property and accompanying maps, please visit the Company's website at www.farallonresources.com. ON BEHALF OF THE BOARD OF DIRECTORS J.R.H. (Dick) Whittington, President and CEO Forward Looking Information This release includes certain statements that may be deemed "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. The likelihood of future mining at Campo Morado is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for pits and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at Campo Morado and there is no assurance that the mineralization at Campo Morado will ever be classified as ore. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com.
Campo Morado Assay Table
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Inter-
Drill From To val Inter-
Hole (met- (met- (met- val Au Ag Cu Pb Zn
Number Deposit res) res) res) (feet) g/t g/t % % %
--------------------------------------------------------------------
4366 Reforma metallurgical hole, not completed
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4367 El Largo 113.58 152.00 38.42 126.0 1.50 91 0.54 1.13 3.37
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4367 El Largo
Incl. 138.10 145.82 7.72 25.3 1.14 152 0.45 2.32 6.88
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4368 G9 284.00 285.00 1.00 3.3 3.05 757 0.59 0.61 0.47
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4369 Reforma metallurgical hole
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4370 G9 132.14 133.70 1.56 5.1 0.61 57 1.61 0.88 1.66
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4370 G9 248.50 250.50 2.00 6.6 0.25 46 0.37 0.77 3.59
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4370 G9 484.20 484.90 0.70 2.3 0.05 22 6.73 0.00 5.03
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4370 G9 512.80 515.30 2.50 8.2 0.19 7 0.89 0.02 4.08
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4370 G9 517.00 518.00 1.00 3.3 0.17 9 0.99 0.02 5.28
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4371 Naranjo metallurgical hole
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4372 G9, no significant results, did not intersect massive
sulphides
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4373 Naranjo metallurgical hole
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4374 G9 375.00 375.40 0.40 1.3 0.13 12 4.20 0.03 0.59
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4374 G9 391.60 392.05 0.45 1.5 0.77 298 1.76 6.08 8.76
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5375 Reforma metallurgical hole, not completed
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5376 El Largo 196.70 198.70 2.00 6.6 0.66 108 0.55 0.97 3.89
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5376 El Largo 204.70 208.70 4.00 13.1 0.72 195 0.29 1.29 3.98
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5376 El Largo 219.70 223.70 4.00 13.1 0.78 184 0.18 1.62 6.63
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5376 El Largo 240.70 257.70 17.00 55.8 0.15 37 0.22 0.42 5.69
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5376 El Largo
Incl. 251.70 256.70 5.00 16.4 0.17 17 0.20 0.35 8.08
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5376 El Largo 260.70 264.70 4.00 13.1 0.74 201 0.28 2.92 5.35
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5376 El Largo 271.50 276.56 5.06 16.6 1.02 206 0.24 3.15 7.04
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5377 El Largo 88.20 90.40 2.20 7.2 0.60 85 1.50 1.68 4.77
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5377 El Largo 162.00 166.00 4.00 13.1 2.77 47 0.90 0.28 1.57
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5378 El Largo 171.20 174.15 2.95 9.7 1.87 114 0.53 0.67 3.36
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5379 Reforma metallurgical hole
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5380 El Largo, no significant results
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5381 El Largo, not sampled, did not intersect massive sulphides
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5382 El Largo 163.50 170.50 7.00 23.0 0.57 54 0.63 0.47 3.17
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5382 El Largo 227.50 231.50 4.00 13.1 4.79 46 1.09 0.31 0.76
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5382 El Largo 268.00 279.03 11.03 36.2 0.99 195 0.40 2.07 11.42
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5383 El Largo, no significant results
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5384 El Largo, no significant results, did not intersect massive
sulphides.
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5385 El Largo 191.70 196.90 5.20 17.1 0.14 84 0.27 1.11 7.56
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5386 El Largo, no significant results, did not intersect massive
sulphides.
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5387 El Largo 81.40 82.85 1.45 4.8 4.03 35 0.12 1.47 3.06
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5388 Reforma metallurgical hole
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5389 El Largo 200.00 203.00 3.00 9.8 1.88 101 0.49 0.63 5.85
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5389 El Largo 207.00 212.50 5.50 18.0 1.60 78 0.41 0.60 3.22
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5389 El Largo 227.00 230.50 3.50 11.5 1.78 88 0.39 0.61 3.64
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5389 El Largo 232.40 232.90 0.50 1.6 2.55 98 0.17 0.51 7.14
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5389 El Largo 237.40 238.00 0.60 2.0 3.70 131 0.27 2.12 7.05
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5390 El Largo, no significant results, did not intersect massive
sulphides.
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5391 El Largo 319.00 319.50 0.50 1.6 1.46 60 0.89 0.79 4.46
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5392 El Rey 182.65 183.65 1.00 3.3 4.46 58 0.32 1.13 2.82
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5392 El Rey 198.00 205.00 7.00 23.0 8.31 201 0.75 1.13 3.05
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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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