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Esperanza Silver Corp. announces the results of its on-going drilling campaign at its 100% owned Cerro Jumil gold project in Morelos State, Mexico.
Highlights of the drill results include:
- Drill Hole RCHE-09-127 intersected 33 meters containing 2.053 grams of gold per tonne including a 16.5 meter interval containing 2.92 grams gold per tonne.
- Drill Hole RCHE-09-117 intersected 48.0 meters containing 0.97 grams gold per tonne including a 6 meter interval containing 2.35 grams gold per tonne.
- Drill Hole RCHE-09-129 intersected 33.0 meters containing 1.07 grams of gold and a separate interval7.5 meters containing 1.13 grams of gold per tonne.
Complete results are in the accompanying table.
Bill Pincus, Esperanza's President and CEO, commenting upon the drill results said, "The new drill results are exciting and support the deposit model our geologists have developed. Of special interest is the presence of multiple zones of mineralization in many of the drill holes. The current drill program is evaluating areas of the Las Calabazas and Southeast zones where limited or no previous drilling had been completed. We are pleased with the results so far and anticipate that we will continue to add to or upgrade our resource base as drilling continues in this area. This phase of drilling should be finished by early summer and a revised resource estimate will be completed shortly thereafter. One of the great advantages we have is that the gold deposit is exposed on surface. This provides easy access for metallurgical sampling. Concurrent with the on-going drill program we are selecting sites for bulk metallurgical samples. A comprehensive series of advanced tests have been planned by our consulting metallurgist and will begin once final sample locations are defined."
The drilling at Cerro Jumil is a part of a comprehensive work program recommended by the 2009 Preliminary Economic Assessment and is designed to move the project to the full feasibility level as rapidly as possible. Additional work planned for 2010 in addition to the advanced metallurgical testing includes, geotechnical analysis, environmental baseline data collection and other efforts required to advance the project.
Esperanza also has an active community relations program and has been working effectively with the local stakeholders as the project advances. This effort is key to the success of the project.
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Cerro Jumil RC Holes – Phase 4
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Hole From To Interval Grade
(meters) (meters) Length (grams Au/tonne)
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RCHE-10-117 40.5 88.5 48.0 0.971
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includes 51.0 57.0 6.0 2.348
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RCHE-10-118 0.0 9.0 9.0 0.781
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RCHE-10-118 16.5 33.0 16.5 0.725
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RCHE-10-118 45.0 55.5 10.5 1.087
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RCHE-10-118 63.0 70.5 7.5 1.566
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RCHE-10-118 124.5 139.5 15.0 1.170
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RCHE-10-119 42.0 87.0 45.0 0.475
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RCHE-10-120 4.5 12.0 7.5 1.202
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RCHE-10-120 54.0 81.0 27.0 0.741
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RCHE-10-120 87.0 123.0 36.0 0.660
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includes 96.0 105.0 9.0 1.265
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RCHE-10-120 141.0 148.5 7.5 0.678
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RCHE-10-121(i) 1.5 30.0 27.0 0.832
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includes 7.5 19.5 10.5 1.125
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RCHE-10-121 69.0 81.0 12.0 0.678
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RCHE-10-122 46.5 66.0 19.5 1.245
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RCHE-10-123 30.0 46.5 16.5 1.374
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RCHE-10-124 27.0 51.0 24.0 0.949
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includes 31.5 40.5 9.0 1.438
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RCHE-10-125 1.5 22.5 21.0 0.665
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RCHE-10-126 0.0 75.0 75.0 0.718
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includes 30.0 43.5 13.5 1.428
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RCHE-10-127 36.0 51.0 15.0 0.860
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RCHE-10-127 85.5 118.5 33.0 2.053
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includes 100.5 117.0 16.5 2.924
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RCHE-10-128 120.0 144.0 24.0 0.917
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includes 121.5 130.5 9.0 1.703
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RCHE-10-129 43.5 51.0 7.5 1.127
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RCHE-10-129 60.0 93.0 33.0 1.069
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RCHE-10-130 85.5 105.0 19.5 0.765
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includes 94.5 102.0 7.5 1.118
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RCHE-10-131 28.5 54.0 25.5 0.343
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RCHE-10-132 90.0 102.0 12.0 1.543
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RCHE-10-133 73.5 88.5 15.0 1.348
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RCHE-10-134 40.5 61.5 21.0 1.060
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includes 49.5 61.5 12.0 1.453
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(i) RCHE-09-121- The interval from 1.5 to 30 (28.5 meters) contained a 1.5 meter interval where no material was recovered and therefore was not included in the interval reported (27 meters).