Marifil Launches Phase II Drilling At Toruel.SPOKANE, Wash. -- MARIFIL MINES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:MFM (Modified Frequency Modulation) The magnetic disk encoding method used on most floppy disks and most earlier hard disks under 40MB. MFM has twice the capacity of the previous FM method, transfers data at 625 Kbytes per second and uses the ST506 interface. ) ("the Company") has initiated a second round of diamond drilling at its wholly-owned Toruel epithermal Silver-Gold Project in Rio Negro Province, Argentina. The Company has discovered a system of fault controlled breccias and quartz veins over an area of 24 square kilometres on Toruel within recent months. (See Marifil Mines Ltd. press release of August 15, 2005.) To date, the Company has drilled 46 holes on the property. The initial portion of drilling in Phase II focuses on the previously designated "DH-24 target area" of the main Toruel vein. During Phase I drilling in June 2005, DH-24 hit an approximate true thickness of 5.0 m grading 5.11% copper within an 8.8m interval grading 624 g/t silver equivalent (gold + silver). The Company is seeking to delineate a high grade ore shoot in this area with closely spaced drill holes. To date, nine holes have been completed in this target, returning mineralized min·er·al·ize 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. intercepts averaging 5.5 meters true thickness. These intercepts all contain significant amounts of copper sulphides. Phase II consists of 1,200 meters (m) of diamond drilling, which has produced numerous intercepts of silica-sulphide rich hydrothermal breccias and veins. 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. generally consists of chalcopyrite, pyrite, tetrahedrite tet·ra·he·drite n. A grayish-black mineral, essentially (CuFe)12Sb4S13, often containing other elements, and used as an ore of copper. , covellite co·vel·lite n. A lustrous indigo-blue mineral, CuS, an important ore of copper. [After Nicolò Covelli (1790-1829), Italian mineralogist.] , galena, sphalerite, and rare traces of native silver as clots, veinlets and disseminations within contiguous fault zone drill hole intercepts of multi-phase breccia sealed with episodic silica. (Chalcopyrite, tetrahedrite, and covellite are copper-bearing minerals; tetrahedrite is also a silver-bearing mineral; galena is a lead-bearing mineral; and sphalerite is a zinc-bearing mineral). Assays are in progress. The latest drilling has also penetrated the nearby Avispa and John veins. Each of these veins is more than 700 m long and open-ended. Avispa trench sampling obtained values including 2.20 m grading 1.70 g/t gold and 301 g/t silver and 0.90 m at 6.89 g/t gold and 461 g/t silver. Three Avispa Vein drill intercepts average 3.70 m true width. Notable trench samples on the John Vein include 2.5 m at 0.13g/t gold and 194 g/t silver and 5.2 m containing 3.06 g/t gold and 175 g/t silver. Three John Vein drill intercepts average 1.8 m true width. Marifil's 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. , John Hite commented: "Our project geologists are highly encouraged by the presence of strong copper sulphide mineralization in many of the drill intercepts, particularly since tetrahedrite contains significant amounts of silver." An Induced Polarization ("IP") geophysical survey conducted on the property in September generated strong anomalies over the DH-24 target area as well as over the John and Avispa Veins. The new White Goat vein is a virgin drill target that may be tested in a subsequent drill program. Rock chip and soil sampling have shown it to be geochemically anomalous in gold, silver and other elements. The IP survey also defined strong anomalies associated with the White Goat vein. Silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. and brecciated outcrops range up to 30 m wide on this vein. Company geologists have recently discovered two more mineralized structures on the Toruel property. Reconnaissance sampling assay results of the Ancha and Canyon epithermal quartz veins are sufficiently encouraging that a mapping and trenching program is in order. Outcrops of these veins range up to 10 m wide. The Ancha vein outcrops for over 700 m along strike and the Canyon vein for over 1,500 m and both veins are open-ended. The first string of Phase II drill core assay results is expected before the end of November. The drill program should also be completed prior to the month's end. All assaying is being done by Alex Stewart & Co. in Mendoza, Argentina. Elements other than silver and gold will be analyzed by 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. at the same laboratory. This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of this release. Marifil Mines Ltd. (TSX VENTURE:MFM) |
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