Farallon Updates on Drilling G-9, New Zone Discovered Increasing Total Resource Potential.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 -- 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 & 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 provide a further update from drilling at 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. . The latest results are from the high grade G-9 deposit, which was discovered last year, and the La Lucha occurrence. High grade intersections continue to be made at G-9 whereas drilling at La Lucha has so far failed to intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. significant 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. . Drilling is now focused exclusively on G-9. The latest results are from 12 exploration holes - 11 at G-9 and one at La Lucha. Results from the new holes and those from holes at G-9 previously announced in 2006 are included in the attached 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. Table. Hole locations are shown on the attached G-9 Drill Hole and Target Area Map. A Deposit Location Map is also included. The most significant intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. from the new drilling results is hole 522. This is a 100-metre step-out from the very high grade section of the deposit that hosts hole 486 - the highest grade hole drilled on the property to date. This hole has opened up a new area to the southwest Southwest or south west is the ordinal direction halfway between south and west, the opposite of northeast. Southwest or south west may also refer to:
v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones. Drilling in this new zone, subsequent to hole 522 and for which assays are pending, has also confirmed the presence of significant intersections of massive sulphides along a northeast-southwest trending target area. This new zone and target area is also highlighted on the attached G-9 Drill Hole and Target Area Map. Management believes that this area has the potential to significantly add to the known resources at G-9. The G-9 deposit remains open to the southwest, northwest For names and places containing the slightly longer word 'northwestern' (or variants), see . Northwest or north west is the ordinal direction halfway between north and west on a compass. It is the opposite of southeast. and southeast Southeast or south east is the ordinal direction halfway between south and east. It the opposite of northwest. Southeast or South East can refer to:
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Drill True
Hole From To Interval Thickness
Number (metres) (metres) (metres) (metres)
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517 498.5 508.0 9.5 8.2
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517 Incl. 503.9 508.0 4.2 3.6
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522 488.0 492.8 4.8 4.2
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Au Ag Cu Zn
Drill EQ EQ EQ EQ
Hole Au Ag Cu Pb Zn (1) (2) (3) (4)
Number (g/t) (g/t) (%) (%) (%) (g/t) (g/t) (%) (%)
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517 1.17 114 1.39 1.16 10.27 15.49 1,056 8.47 16.61
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517 Incl. 0.69 102 2.07 0.43 15.11 20.26 1,381 11.08 21.72
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522 3.01 160 1.46 0.91 13.70 21.22 1,447 11.60 22.75
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1. Gold Equivalent (Au EQ g/t): equals (Au g/t)+(Ag g/t x
0.17683/12.057)+(Cu % x 22.046/12.057)+(Pb % x 5.5116/12.057)+
(Zn % x 11.244/12.057)
2. Silver Equivalent (Ag EQ g/t): equals (Au g/t x 12.057/0.17683)+
(Ag g/t)+(Cu % x 22.046/0.17683)+(Pb % x 5.5116/0.17683)+(Zn % x
11.244/0.17683)
3. Copper Equivalent (Cu EQ %): equals (Au g/t x 12.057/22.046)+
(Ag g/t x 0.17683/22.046)+(Cu %)+(Pb % x 5.5116/22.046)+(Zn % x
11.244/22.046)
4. Zinc Equivalent (Zn EQ %): equals (Au g/t x 12.057/11.244)+
(Ag g/t x 0.17683/11.244)+(Cu % x 22.046/11.244)+(Pb % x
5.5116/11.244)+(Zn %)
Metal prices: Au US$375/oz; Ag US$5.5/oz; Cu US$1.00/lb;
Pb US$0.25/lb; Zn US$0.51/lb
Dick Whittington said: "The discovery of a new zone to the Southwest of the known mineralization to date is particularly encouraging and reaffirms the ongoing discovery potential of the G-9 area. We are focusing our efforts on this new area as it has the potential to add significantly to the overall resources at G-9. The total resource base at G-9 is already one of the largest in the Campo Morado district and the new discovery has the potential to make G-9 the largest deposit in the field. We will be assessing our development options in light of this new information." 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 and selection of samples for 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. testwork 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 . 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. All samples are assayed for gold by fire assay fusion with a gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. or Atomic Indivisible. An atomic operation, or atomicity, implies an operation that must be performed entirely or not at all. For example, if machine failure prevents a transaction to be processed to completion, the system will be rolled back to the start of the transaction. Absorption absorption [Lat.,=sucking from], taking of molecules of one substance directly into another substance. It is contrasted with adsorption, in which the molecules adhere only to the surface of the second substance. (AA) finish. Silver, copper, lead, zinc and 27 to 30 additional elements are determined for all samples by acid digestion digestion Process of dissolving and chemically converting food for absorption by cells. In the mouth, food is chewed, mixed with saliva, which begins to break down starches, and kneaded by the tongue into a ball for swallowing. , followed by an AA or ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. finish. Duplicates are analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. by Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point". 2. A program for MS-DOS. Analytical Laboratories in Vancouver. Farallon has a strong cash position of $8.9 million that will enable the Company to complete its current drilling program and conclude a Preliminary Assessment of G-9 by the end of June June: see month. 2006. 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 & CEO Forward-Looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. 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 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. 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 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. , 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.
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Drill True
Hole From To Interval Thickness
Number Deposit (metres) (metres) (metres) (metres)
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498 G9 429.2 445.9 16.8 14.5
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498 G9 Incl. 429.2 436.9 7.8 6.7
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498 G9 468.9 473.3 4.4 3.8
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499 G9, did not intersect massive sulphides
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500 G9 486.5 489.5 3.0 3.0
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501 G9, did not intersect massive sulphides
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502 G9, did not intersect massive sulphides
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503 G9 540.0 544.0 4.0 3.9
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503 G9 555.0 559.6 4.6 4.5
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504 G9, did not intersect massive sulphides
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505 G9, no significant intersection
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506 G9, did not intersect massive sulphides
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507 G9, did not intersect massive sulphides
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508 G9, did not intersect massive sulphides
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509 G9 506.7 515.7 9.0 9.0
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509 G9 538.3 551.8 13.6 13.6
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509 G9 Incl. 545.1 551.8 6.7 6.7
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510 G9 559.0 568.0 9.0 8.8
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510 G9 Incl. 559.0 563.0 4.0 3.9
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510 G9 573.9 585.9 12.0 11.7
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510 G9 Incl. 582.0 585.0 3.0 2.9
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510 G9 Incl. 583.0 585.0 2.0 2.0
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511 G9 558.5 560.1 1.6 1.6
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512 G9 594.0 596.1 2.2 2.1
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513 G9, did not intersect massive sulphides
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514 G9, hole abandoned due to orieintation problems
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515 G9, did not intersect massive sulphides
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516 G9, did not intersect massive sulphides
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517 G9 498.5 508.0 9.5 8.2
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517 G9 Incl. 503.9 508.0 4.2 3.6
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517 G9 582.0 589.0 7.0 6.1
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518 G9, did not intersect massive sulphides
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519 G9 491.1 494.1 3.0 2.6
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520 G9, did not intersect massive sulphides
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521 G9, no significant intersection
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522 G9 488.0 492.8 4.8 4.2
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523 G9, no significant intersection
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524 G9, no significant intersection
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525 G9 517.1 521.1 4.0 3.1
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526 La Lucha, no significant intersection
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Au Ag Cu Zn
Drill EQ EQ EQ EQ
Hole Au Ag Cu Pb Zn (1) (2) (3) (4)
Number g/t g/t % % % g/t g/t % %
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498 1.97 190 1.93 2.93 21.27 29.45 2,008 16.11 31.58
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498 2.28 262 2.32 3.95 20.32 31.13 2,123 17.03 33.38
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498 15.99 682 0.33 3.42 5.73 33.50 2,284 18.32 35.92
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499
--------------------------------------------------------------------
500 0.15 18 1.86 0.02 7.94 11.24 767 6.15 12.06
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501
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502
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503 2.41 136 1.11 0.54 1.21 7.82 533 4.28 8.39
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503 0.43 18 1.32 0.04 9.16 11.65 795 6.37 12.50
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504
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505
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506
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507
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508
--------------------------------------------------------------------
509 1.01 62 0.38 0.35 5.58 7.99 545 4.37 8.57
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509 3.26 205 1.14 0.97 6.88 15.21 1,037 8.32 16.31
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509 3.01 158 1.21 1.05 9.33 16.72 1,140 9.14 17.92
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510 4.87 269 0.72 4.54 10.94 22.42 1,529 12.26 24.04
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510 4.25 285 0.81 6.64 15.66 27.55 1,878 15.06 29.54
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510 11.10 639 0.82 1.95 7.64 29.99 2,045 16.40 32.16
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510 34.95 1930 0.70 2.86 5.78 71.23 4,857 38.96 76.38
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510 45.70 2653 0.62 2.90 6.25 92.89 6,334 50.80 99.61
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511 1.36 130 1.18 0.95 9.31 14.55 992 7.95 15.60
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512 2.30 166 2.28 1.26 12.88 21.48 1,465 11.75 23.03
--------------------------------------------------------------------
513
--------------------------------------------------------------------
514
--------------------------------------------------------------------
515
--------------------------------------------------------------------
516
--------------------------------------------------------------------
517 1.17 114 1.39 1.16 10.27 15.49 1,056 8.47 16.61
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517 0.69 102 2.07 0.43 15.11 20.26 1,381 11.08 21.72
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517 4.82 153 0.50 1.75 2.73 11.31 771 6.18 12.12
--------------------------------------------------------------------
518
--------------------------------------------------------------------
519 0.73 21 1.03 0.02 6.54 9.03 616 4.94 9.69
--------------------------------------------------------------------
520
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521
--------------------------------------------------------------------
522 3.01 160 1.46 0.91 13.70 21.22 1,447 11.60 22.75
--------------------------------------------------------------------
523
--------------------------------------------------------------------
524
--------------------------------------------------------------------
525 0.63 73 1.77 0.21 1.36 6.30 429 3.44 6.75
--------------------------------------------------------------------
526
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1. Gold Equivalent (Au EQ g/t): equals (Au g/t)+(Ag g/t x
0.17683/12.057)+(Cu % x 22.046/12.057)+(Pb % x 5.5116/12.057)+
(Zn % x 11.244/12.057)
2. Silver Equivalent (Ag EQ g/t): equals (Au g/t x 12.057/0.17683)+
(Ag g/t)+(Cu % x 22.046/0.17683)+(Pb % x 5.5116/0.17683)+(Zn % x
11.244/0.17683)
3. Copper Equivalent (Cu EQ %): equals (Au g/t x 12.057/22.046)+
(Ag g/t x 0.17683/22.046)+(Cu %)+(Pb % x 5.5116/22.046)+
(Zn % x 11.244/22.046)
4. Zinc Equivalent (Zn EQ %): equals (Au g/t x 12.057/11.244)+
(Ag g/t x 0.17683/11.244)+(Cu % x 22.046/11.244)+(Pb % x
5.5116/11.244)+(Zn %)
Metal prices: Au US$375/oz; Ag US$5.5/oz; Cu US$1.00/lb;
Pb US$0.25/lb; Zn US$0.51/lb
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://www.ccnmatthews.com/docs/DrillMap.jpg http://www.ccnmatthews.com/docs/DepositsMap.jpg 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 informatio n contained in this news release. Farallon Resources Ltd. (TSX:FAN) |
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