Farallon Updates Results from Drilling Program Exploration and Development Activities to Ramp up in the New Year.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 provide an update of activities for the Company's Campo Morado polymetallic (zinc zinc, metallic chemical element; symbol Zn; at. no. 30; at. wt. 65.38; m.p. 419.58°C;; b.p. 907°C;; sp. gr. 7.133 at 25°C;; valence +2. Zinc is a lustrous bluish-white metal. It is found in Group 12 of the periodic table. , gold, silver, copper, lead) project in Guerrero Guerrero, state (1990 pop. 2,620,637), 24,887 sq mi (64,457 sq km), S Mexico, on the Pacific Ocean. The capital is Chilpancingo. Dominated by the Sierra Madre del Sur, which reaches 12,149 ft (3,703 m) in the Pico de Teotepec, Guerrero is extremely mountainous except State, 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. . 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. results from several more drill holes have been received and are attached. This brings the total number of holes assayed in the current program to 38. In addition, nine 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 holes have been drilled and five exploration holes are currently being assayed. All assays received to date are from holes drilled in 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 holes 324 and 326 which were drilled in the Estrella de Oro target and hole 348 which was drilled in the G-9 target area. Of the five holes being assayed, four holes are from G-9 and one from El Largo. Assay results for these holes are expected to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. in the New Year. Highlights of the new exploration assay results are tabulated below. Full details of all assays received to date as well as a Drill Hole Location Plan and a Deposit Location Map for the project are attached.
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Inte-
Drill From To rval Inte-
Hole (met- (met- (met- rval Au Ag Cu Pb Zn
Number res) res) res) (feet) g/t g/t % % %
---------------------------------------------------------------------
4355 122.65 131.65 9.00 29.5 1.35 126 0.40 1.68 3.45
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4355 Incl. 124.65 127.65 3.00 9.8 1.01 155 0.25 3.27 6.33
---------------------------------------------------------------------
4357 104.45 109.00 4.55 14.9 1.24 214 0.32 1.34 5.40
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4361 46.00 84.66 38.66 126.8 2.50 109 0.46 1.02 3.83
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4361 Incl. 46.00 56.00 10.00 32.8 2.44 127 0.53 1.40 5.43
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4361 Incl. 72.00 80.00 8.00 26.2 2.40 120 0.36 1.58 5.44
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In addition to the new drilling results, the Company would like to report that the Board has approved a $17 million exploration and engineering program for the first half of 2005. Extensive delineation drilling, coupled with geotechnical and metallurgical test work, will be carried out. These activities will be carried out concurrently con·cur·rent adj. 1. Happening at the same time as something else. See Synonyms at contemporary. 2. Operating or acting in conjunction with another. 3. Meeting or tending to meet at the same point; convergent. . Exploration drilling will continue, particularly on the promising G-9 target which already has several holes drilled into it. The camp has shut down for Christmas Christmas [Christ's Mass], in the Christian calendar, feast of the nativity of Jesus, celebrated in Roman Catholic and Protestant Churches on Dec. 25. In liturgical importance it ranks after Easter, Pentecost, and Epiphany (Jan. 6). and will be reopening Reopening Treasury offerings of additional amounts of outstanding issues, rather than an entirely new issue. A reopened issue will always have the same maturity date, CUSIP number, and interest rate as the original issue. on January January: see month. 7, 2005. Activity levels in the New Year will increase significantly with the requirements to support the increased engineering activities required on site. Additionally, the number of drills operating on site will be increased from 2 to 4. Dick Whittington said "The first phase of our drilling program has been an unqualified success. We have exceeded our expectations at El Largo and significantly added to the resource potential of the project. In addition, G-9 appears to provide some exciting prospects for the New Year. In the mean time, metallurgical testwork is well underway and an ongoing working relationship with the local communities and the State and Federal Government is being established. 2005 will be a pivotal year for Campo Morado, as it makes the transition from exploration to Prefeasibility and finally to Bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. 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. status. It will be an exciting time for our employees, stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. and shareholders and we remain on track to open a mine by January 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 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. , President and CEO 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 Exploitation See also Opportunism. Barnum, P. T. (1810–1891) circus impressario famous for his saying, “Never give a sucker an even break.” [Am. Hist. activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's home jurisdiction filings that are available at www.sedar.com.
CAMPO MORADO ASSAY TABLE
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Inter-
From To val Inter-
Drill 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
---------------------------------------------------------------------
4322 Incl. 273.93 298.06 24.13 79.2 1.22 112 0.32 1.18 4.75
---------------------------------------------------------------------
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
---------------------------------------------------------------------
4323 Incl. 220.00 229.00 9.00 29.5 3.22 146 0.69 0.99 3.41
---------------------------------------------------------------------
4323 Incl. 229.00 234.00 5.00 16.4 0.49 168 0.30 1.79 9.13
---------------------------------------------------------------------
4323 Incl. 251.00 259.00 8.00 26.2 0.85 205 0.30 1.97 6.07
---------------------------------------------------------------------
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
---------------------------------------------------------------------
4327 Incl. 180.65 184.65 4.00 13.1 1.71 76 0.37 0.94 3.59
---------------------------------------------------------------------
4327 Incl. 190.65 217.65 27.00 88.6 0.80 124 0.34 1.01 4.09
---------------------------------------------------------------------
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
---------------------------------------------------------------------
4328 Incl. 106.00 113.00 7.00 23.0 3.14 142 0.87 0.99 3.51
---------------------------------------------------------------------
4329 195.50 267.80 72.30 237.2 0.90 140 0.28 1.09 5.54
---------------------------------------------------------------------
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
---------------------------------------------------------------------
4329 Incl. 243.80 265.10 21.30 69.9 0.47 142 0.22 1.29 9.40
---------------------------------------------------------------------
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
---------------------------------------------------------------------
4332 Incl. 253.65 285.10 31.45 103.2 0.74 228 0.25 3.19 10.19
---------------------------------------------------------------------
4332 Incl. 275.30 280.00 4.70 15.4 0.78 306 0.27 3.69 12.91
---------------------------------------------------------------------
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
---------------------------------------------------------------------
4335 191.63 245.00 53.37 175.1 0.83 74 0.45 1.14 3.91
---------------------------------------------------------------------
4335 Incl. 193.63 217.50 23.87 78.3 0.80 149 0.41 2.43 7.42
---------------------------------------------------------------------
4335 Incl. 204.07 215.50 11.43 37.5 0.87 236 0.34 4.31 9.01
---------------------------------------------------------------------
4336 240.73 247.60 6.87 22.5 0.63 104 0.25 0.93 6.61
---------------------------------------------------------------------
4336 255.65 284.36 28.71 94.2 0.73 177 0.31 1.58 7.11
---------------------------------------------------------------------
4336 Incl. 255.65 268.20 12.55 41.2 0.77 198 0.26 2.03 8.30
---------------------------------------------------------------------
4337 183.12 272.65 89.53 293.7 0.43 44 0.39 0.39 2.77
---------------------------------------------------------------------
4337 Incl. 250.65 272.65 22.00 72.2 0.74 114 0.36 1.16 8.48
---------------------------------------------------------------------
4337 Incl. 258.65 269.65 11.00 36.1 0.78 171 0.31 1.92 10.88
---------------------------------------------------------------------
4338 242.26 244.26 2.00 6.6 6.69 194 0.22 1.12 1.72
---------------------------------------------------------------------
4338 248.26 276.66 28.40 93.2 0.74 157 0.21 2.07 6.58
---------------------------------------------------------------------
4338 Incl. 255.24 276.66 21.42 70.3 0.74 182 0.22 2.48 7.90
---------------------------------------------------------------------
4339 246.31 253.33 7.02 23.0 1.29 108 0.26 1.06 2.97
---------------------------------------------------------------------
4340 209.00 212.00 3.00 9.8 0.33 84 0.29 2.93 3.81
---------------------------------------------------------------------
4340 218.00 228.00 10.00 32.8 5.19 32 0.40 0.29 0.57
---------------------------------------------------------------------
4341 371.64 382.33 10.69 35.1 1.06 83 1.70 0.42 2.19
---------------------------------------------------------------------
4341 Incl. 371.64 376.64 5.00 16.4 1.14 94 1.58 0.48 3.42
---------------------------------------------------------------------
4342 No significant results
---------------------------------------------------------------------
4343 194.95 202.40 7.45 24.4 1.32 153 0.30 1.36 3.70
---------------------------------------------------------------------
4343 Incl. 197.40 200.00 2.60 8.5 0.91 250 0.31 2.46 6.91
---------------------------------------------------------------------
4343 212.10 213.50 1.40 4.6 1.00 164 0.40 1.40 10.70
---------------------------------------------------------------------
4344 Not sampled, did not intersect massive sulphides
---------------------------------------------------------------------
4345 No significant results
---------------------------------------------------------------------
4346 No significant results
---------------------------------------------------------------------
4347 131.05 239.03 107.98 354.3 0.82 78 0.35 0.66 3.74
---------------------------------------------------------------------
4347 Incl. 131.05 137.00 5.95 19.5 1.90 181 0.42 1.57 4.81
---------------------------------------------------------------------
4347 Incl. 158.00 186.50 28.50 93.5 0.88 137 0.32 1.16 5.20
---------------------------------------------------------------------
4347 163.00 173.50 10.50 34.4 1.74 193 0.44 1.78 6.59
---------------------------------------------------------------------
4347 204.50 213.50 9.00 29.5 0.57 64 0.28 0.57 7.23
---------------------------------------------------------------------
4348 260.75 262.12 1.37 4.5 2.93 489 2.61 1.60 2.02
---------------------------------------------------------------------
4348 275.75 277.15 1.40 4.6 1.67 34 0.69 0.06 8.13
---------------------------------------------------------------------
4348 285.50 287.35 1.85 6.1 0.28 21 0.73 0.14 3.69
---------------------------------------------------------------------
4349 134.20 231.25 97.05 318.4 0.92 69 0.40 0.61 3.68
---------------------------------------------------------------------
4349 Incl. 138.00 143.00 5.00 16.4 3.19 196 0.35 1.33 1.95
---------------------------------------------------------------------
4349 Incl. 163.00 191.00 28.00 91.9 0.87 79 0.36 0.77 6.03
---------------------------------------------------------------------
4349 Incl. 174.00 178.00 4.00 13.1 0.38 113 0.32 0.71 7.81
---------------------------------------------------------------------
4349 Incl. 185.00 191.00 6.00 19.7 0.41 76 0.27 1.26 10.92
---------------------------------------------------------------------
4349 Incl. 212.00 219.00 7.00 23.0 0.50 57 0.67 0.68 4.71
---------------------------------------------------------------------
(i)4350 Naranjo metallurgical hole
---------------------------------------------------------------------
(i)4351 104.30 109.60 5.30 17.4 2.13 65 0.73 0.46 2.18
---------------------------------------------------------------------
(i)4352 No significant results
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(i)4353 Naranjo metallurgical hole
---------------------------------------------------------------------
(i)4354 Naranjo metallurgical hole
---------------------------------------------------------------------
(i)4355 122.65 131.65 9.00 29.5 1.35 126 0.40 1.68 3.45
---------------------------------------------------------------------
(i)4355
Incl. 124.65 127.65 3.00 9.8 1.01 155 0.25 3.27 6.33
---------------------------------------------------------------------
(i)4355 144.40 153.10 8.70 28.5 0.80 108 0.30 1.37 4.84
---------------------------------------------------------------------
(i)4356 132.80 134.60 1.80 5.9 0.80 103 0.26 1.36 6.25
---------------------------------------------------------------------
(i)4357 104.45 109.00 4.55 14.9 1.24 214 0.32 1.34 5.40
---------------------------------------------------------------------
(i)4358 No significant results, did not intersect massive sulphides
---------------------------------------------------------------------
(i)4359 112.00 125.59 13.59 44.6 2.01 76 0.76 0.48 2.65
---------------------------------------------------------------------
(i)4360 Naranjo metallurgical hole
---------------------------------------------------------------------
(i)4361 46.00 84.66 38.66 126.8 2.50 109 0.46 1.02 3.83
---------------------------------------------------------------------
(i)4361
Incl. 46.00 56.00 10.00 32.8 2.44 127 0.53 1.40 5.43
---------------------------------------------------------------------
(i)4361
Incl. 72.00 80.00 8.00 26.2 2.40 120 0.36 1.58 5.44
---------------------------------------------------------------------
(i)4361 96.00 98.00 2.00 6.6 1.51 20 0.29 0.06 5.50
---------------------------------------------------------------------
(i)4362 97.97 99.85 1.88 6.2 2.20 76 0.61 0.43 2.14
---------------------------------------------------------------------
(i)4363 Naranjo metallurgical hole
---------------------------------------------------------------------
(i)4364 76.00 80.00 4.00 13.1 0.60 48 0.34 1.90 4.65
---------------------------------------------------------------------
(i)4365 78.50 84.75 6.25 20.5 3.27 93 0.47 0.65 2.08
---------------------------------------------------------------------
(i) New Results
To view the maps 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.ccnmatthews.com/database/fax/2000/fan1214d.pdf http://www2.ccnmatthews.com/database/fax/2000/fan1214p.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. Farallon Resources Ltd. (TSX:FAN) |
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