ANGEL WING METALS PROVIDES EXPLORATION UPDATE - LA REYNA PROJECT -MEXICO
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DRILLING TO COMMENCE ON 5 TARGETS
El Polo-Dolorosa Mineralization
The El Polo-Dolorosa Target Area is an exciting exploration target located within an approximately 450-hectare area that is open in all directions, and host to numerous Prospects, including the El Polo and Dolorosa Prospects. The Target Area is underlain by altered and mineralized volcanic rocks located within a northeast trending dilation or jog created in a north-northwest shear zone and cross cut by northwest trending faults. The jog occurs in the area between the El Polo Prospect and the Laguna El Tule, which is a lake interpreted to follow a regional scale NNW trending fault. (See Figure 1a) The jog is host to extensive alteration, quartz veining, brecciation, disseminated sulphide minerals with associated gold (+/- copper). Exploration activities are focused on the bulk tonnage size potential identified in an altered and brecciated volcanic rock unit that is consistently mineralized in gold before dipping below cover.
The best assays from the El Polo-Dolorosa Target Area are from a 200 metre by 900 metre area where windows below shallow cover expose outcrops of mineralized breccia with stock work quartz veining hosted in volcanic tuff. (See Figure 1b) This tuff, an important potential bulk tonnage host, that quickly plunges below cover in all directions but dips northwest below the El Polo Prospect.
Outcrop chip samples throughout the area have returned consistently strong grades. At the Dolorosa Prospect, similar chip and panel samples average 2.43 across a 168 m wide x 300m area, and another 2.51 g/t Au across a 160 x 240m area. The Dolorosa Prospect is the same area where a historic trench returned 5.03 g/t Au over 21 metres. To the south, in the San Ramon Prospect, chip and panel samples from random outcrops average 2.84 g/t Au across a 90 x110 m area and 1.19 g/t Au across a 30 x 140 m area. These targets are included in the first phase of the proposed diamond drill program, along with the equally prospective
Over 900 outcrop chip samples have been collected to date in this area from a dominantly flat lying topography of open fields ("cover") broken by occasional mounds and hills where any outcrop exposure shows consistently anomalous gold mineralization from the El Polo Prospect to the Dolorosa Prospect and beyond. In general, 38% (from 346 widely spaced samples) are moderately to strongly anomalous, defined as being greater than 0.1 and 0.2 g/t Au respectively. The most strongly anomalous assays (88 out 214) ranged between 0.5 to 2.5 g/t Au. (See Table 1)
Table 1 : Range of gold assay grades in grams per ton gold received from 909 rock samples.
From |
To |
Number |
<0.1 g/t Au |
|
563 |
0.1 |
0.19 |
132 |
0.2 |
0.29 |
50 |
0.3 |
0.5 |
43 |
0.5 |
2.5 |
88 |
2.5 |
4.99 |
24 |
>5.0 g/t Au |
|
9 |
|
|
|
La Reyna is also host to the nearby Aguila de Oro and Celeste Target Areas which continue to be advanced to the drill ready stage. The
D rill Proposal
The first drill phase of 2,500 metres will test five (5) widely spaced Prospects to confirm continuity and orientation of observed surface mineralization at depths ranging from near surface to 175 metres. (See Figure 2) This phase will also test beneath historical trenches to confirm reported assay results that include the 5.03 g/t Au over 21.0 metres and 0.92 g/t Au over 15.52 metres (Nevada Pacific Press Release, April 2006).
E SG
In consultation with the local communities, permits for 212 drill pads and 28 trenches were applied for and received from SEMARNAT, providing ample sites to complete all exploration plans for several years. Five- year renewable surface access agreements for exploration, drilling and water use have also been signed with the necessary local Ejidos. Additional surface access agreements will become necessary with individual parcel owners as exploration proceeds. The Company has all permissions required to complete Phase 1 and 2 of the proposed drill program at the Polo-
Q A/ Q C
All rock and soil samples were shipped to
Q UAL IFIED PERSON
Marc Prefontaine, M.Sc.
AB O U T ANGEL WING METALS
For more information, please visit the Company's website at www.angelwingmetals.com.
ON BEHALF OF THE BOARD OF ANGEL WING METALS INC.
President & CEO
Email: mprefontaine@angelwingmetals.com
Investor Relations
Tel: +1 646-354-9375
Email: katherine@angelwingmetals.com
N
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