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The drill holes reported below have extended the Las Aguilas (LA) West deposit an additional 100 metres south and 50 metres north-northeast of last year's drilling. The LA West deposit and intrusion has now been intersected by drilling over a length of 500 metres and to a depth of 250 meters (Figures 1, 3). The deposit is a tabular body contained within a pyroxenitic dyke that shows mostly subvertical dips to the east but in the southern third the dips change from subvertical to the west to a shallow westerly dip. The mineralized intrusion appears to be cut-off to the south by a noritic intrusion.
Hole CTLA08-078 was drilled to test the depth extent of the LA East deposit. The host ultramafic intrusion exhibits a funnel shape at depth and the mineralized zone has sub-vertical dips and a steep plunge to the south. Hole CTLA08-078 intersected sulphides over 19.67 metres confirming the continuity of the deposit down plunge and extending this deposit 70 metres vertically below the deepest intersection drilled in 2007. Hole CTLA08-078 is the deepest intercept of the LA East Deposit to date at an approximately 250 meter vertical depth and shows a marked increase in grade in this part of the deposit. The deposit remains open below this intercept.
Selected intersections from the drill campaign are listed below and a complete list of results is included in Table 1 at the end of the release. As with previous analytical results from the 2007 campaign, significant platinum and palladium values were intersected in several holes.
Las Aguilas East
LA08-078: 19.67 meters with 0.58% Ni, 0.42% Cu, 0.03% Co, 0.44 g/t Pt, 0.50 g/t Pd and 0.22 g/t Au including 5.64 metres of 1.05% Ni, 0.62% Cu, 0.04% Co, 0.8 g/t Pt, 0.69 g/t Pd and 0.14 g/t Au.
Las Aguilas West
LA08-070: 18.95 metres with 0.40% Ni, 0.48% Cu, 0.03% Co, 0.23 g/t Pt and 0.31 g/t Pd.
LA08-074: 15.80 metres with 0.41% Ni, 0.55% Cu, 0.03% Co, 0.40 g/t Pt and 0.38 /g/t Pd.
"We are very encouraged by this year's exploration results," stated John Hite, President of Marifil Mines. "Not only has the drilling to date significantly increased the length and width of these deposits, but we've also drilled to a new depth at Las Aguilas East. It?s been quite exciting to see a significant increase to the mineralization at this depth and to know that the deposit remains open. These latest results demonstrate the quality and potential of this project."
The Joint Venture is presently evaluating a number of additional regional targets, including the previously released surface occurrence known as EF-2 and the Virorco Gossan. Results from the regional drilling will be released in the coming weeks when assays are available.
Quality Control
The company employs a diligent QA/QC protocol on all aspects of the analytical procedures. Core samples are sawn and one half of the NQ core is restored to the core box for future reference and one half of the core is sent for analysis. Samples are taken in approx. 1.0-metre intervals or less when in the mineralized zone, and at 1.5 metres or less when in disseminated sulphides (<2% sulphides). Sample preparation is completed at the ALS-Chemex lab preparation lab in Mendoza, Argentina and assayed at ALS-Chemex lab in Vancouver, Canada, using multi-acid digest/ ICP-AES for the base metals and A.A. when nickel and copper are over the detection limits. Platinum, palladium and gold values are determined by 30 gram fire assay with ICP-AES finish. A blank sample is inserted every 40th sample and standard samples representing a range of grades are inserted at intervals of one in 20 to 30 samples.
All the technical information contained in this report has been reviewed and approved by Danielle Giovenazzo, Ph.D, P.Geo. a Qualified Person under the National Instrument 43101 guidelines. All the information contained herein is in compliance with the TSX Venture Exchange's Policies and National Instrument 43101.
For further information on the company and its projects, please refer to Marifil's website: www.marifilmines.com.
Table 1: Mineralized intercepts from 2008 drill holes in the Las Aguilas West and East Deposits. Width in the table represents core length of the intersections; true width is expected to be 75% or more of the core width.
To view the Las Aguilas West and East Deposits table, please click on the link provided: http://www.usetdas.com/marifil/lasaguilaswesteastdeposits.pdf Table hosted by Filing Services Canada Inc.
FIGURE 1: Location Map of Las Aguilas 2008 drill holes.
To view the Location Map of Las Aquilas 2008 drill holes, please click on the link provided: http://www.usetdas.com/marifil/lasaguilasmap.pdf Map hosted by Filing Services Canada Inc.
FIGURE 2. Vertical Longitudinal section of the Las Aguilas East deposit looking 260 degrees west, with Castillian 2007nd 2008 drill hole pierce points.
To view the Vertical Longitudinal section of the Las Aguilas East deposit, please click on the link provided: http://www.usetdas.com/marifil/lasaguilaseastverticalsection.pdf Image hosted by Filing Services Canada Inc.
FIGURE 3. Vertical Longitudinal section of the Las Aguilas West deposit looking 295 degrees west, with Castillian 2007 and 2008 drill hole pierce points.
To view the Vertical Longitudinal section of the Las Aguilas West deposit, please click on the link provided: http://www.usetdas.com/marifil/lasaguilaswestverticalsection.pdf Image hosted by Filing Services Canada Inc.
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.
General Disclaimer
Marifil Mines Ltd. "Marifil,? has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.
Forward-Looking Statements
This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This document may contain or refer to forward looking information based on current expectations, including, but not limited to, mineralization projections, estimates regarding the timing for resource modeling and the preparation of a 43-101 compliant technical report. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.
Source: Marifil Mines Ltd. (MFM - TSX-V) (MFMLF - Pink Sheets) http://www.marifilmines.com
CONTACT: John Hite, President, Marifil Mines Ltd Tel: +1 509 466 1505 e-mail: info@marifilmines.com WWW: http://www.marifilmines.com Anthony Srdanovic, Investor Relations, Ascenta Capital Partners Inc Tel: +1 604 684 4743 ext 242 Tel: +1 866 684 4743 ext 242 e-mail: anthony@ascentacapital.com Filing Services Canada Inc. Tel: +1 403 717 3898 Fax: +1 403 717 3896 WWW: http://www.usetdas.com
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