Arco Resources Intercepts 3.7 Metres of 307 g/t Silver and 1.02 g/t Gold at Taviche Property
27 Settembre 2010 - 3:30PM
Marketwired
Arco Resources Corp. (TSX VENTURE: ARR)(FRANKFURT: MJ7) ("Arco" or
the "Company") is pleased to announce results from diamond drill
holes 5 through 8 of the recently completed drill program on its
100%-owned Taviche property located in Oaxaca, Mexico. Taviche is a
silver-gold-bearing quartz vein traced for over 1.5 kilometres with
typical epithermal textures and existing historic (Spanish and
subsequent) underground workings. The recently completed program is
the first surface drilling to have ever been conducted on this
vein. Highlights from holes BDT-5 through BDT-8 include 3.7 metres
of 306 g/t silver (Ag) and 1.02 g/t gold (Au) or 367 g/t silver
equivalent (AgEq), including a 0.70 metre interval of 738 g/t AgEq.
Drilling Highlights
HOLE NUMBER FROM (m) TO (m) WIDTH (m)(i) Ag(g/t) Au(g/t) AgEq(ii)
BDT - 8 89.30 93.00 3.70 306 1.02 367
Including 92.30 93.00 0.70 583 2.59 738
BDT - 7 85.20 88.30 3.10 279 0.92 334
Including 87.35 88.30 0.95 450 1.63 548
BDT - 6 50.20 51.10 0.90 113 0.75 158
BDT - 5 74.00 76.00 2.00 91 0.37 113
(i)True widths are estimated to be roughly 65% of drill intercept length.
(ii)Arco used the silver equivalent ratio of 1 gram of gold equals 60 grams
silver assuming 100% recoveries.
Standard, blank, and duplicate samples were inserted throughout
the sample sequence as quality control checks. Samples were
analyzed by Acme Analytical Labs. Samples were analyzed by Aqua
Regia digestion with ICP-MS analysis. Overlimit silver values were
re-analyzed by Aqua Regia digestion with ICP-ES finish. Overlimit
silver greater than 300 g/t were re-analyzed by fire assay on 30g
sample with gravimetric finish. Paul Cowley, P.Geo. and Chief
Geologist for Arco, is the Qualified Person, as defined in National
Instrument 43-101, for the drilling campaign and has reviewed and
approved the technical content of this news release.
Taviche Property
The Taviche property covers 421 hectares and is located
approximately 68 kilometres from Oaxaca City, Mexico. Access to the
property is excellent, less than 1 kilometre from paved road and a
1.5 hour drive from the capital of Oaxaca. On Taviche, the sub
vertical laterally continuous silver-gold-bearing quartz vein
varies in thickness from 1 to 5 metres, averaging 2 metres.
Epithermal textures include open space fillings, bladed veining and
megacrystic carbonate replacement, all significant textures known
in gold-silver epithermal deposits. Of the 1.5 kilometre long
trace, the vein has received 500 metres of historic continuous
underground workings on one level. Underground channel sampling
defined a 230 metre long shoot of the vein with values averaging
173 g/t Ag and 1.5 g/t gold Au. Corresponding surface sampling
approximately 15 metres above the underground workings identified a
220 metre long shoot averaging 161 g/t Ag and 2.18 g/t Au.
"The potential of this project is unfolding. The important fact
is that we have drilled only a small portion of the 1.5km trace.
These early successes are key to our next phase of drilling. We are
looking forward to releasing the results of the next seven holes as
they become available," says Warren McIntyre, President of
Arco.
About Arco Resources
Arco holds a 100% interest in seven mineral claim blocks, all
located in the State of Oaxaca, Mexico. The Company has begun to
focus its efforts on its Taviche and Predilecta claim blocks, each
of which has had historical production of gold and silver. The
Company currently has agreements in principle to option 100%
interests in its Lachiguiri, Silacayoapan and Nino Perdido Property
(to Silex Ventures Ltd.) and in its Tres Hermanas Property (to
Zodiac Capital Ltd.).
On behalf of the Board of Directors of Arco Resources Corp.
Warren McIntyre, President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Arco Resources Corp. Ian Tootill Director of Investor
Relations 604.639.2866 ext. 110 604.909.1818 (FAX)
ian@arcoresources.com www.arcoresources.com
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