Tuesday, 18th March 2008 (4182 views)

Farallon Resources has issued the resource estimate for the G-9 deposit of the Campo Morado gold, silver, zinc, copper and lead property in Mexico.

The company's president and chief executive, Dick Whittington, announced the results for the deposit, which occupies an area measuring 1,000 metres by 650 metres.

He said G-9 comprises four massive sulphide bodies, designated Southeast, Southwest, North and Abajo.

The total gold resources estimated to be contained within these bodies are 2.77 million tonnes graded at 3.14 g/t gold in the measured and indicated categories, plus a further 3.20 million tonnes graded at 2.44 g/t gold in the inferred category.

Mr Whittington said the results demonstrated that the company's drilling programmes at Campo Morado have been "very successful" in discovering new mineralisation to add to the overall estimate.

"The new North zone estimate has increased G-9 resources in the measured and indicated categories by 56 per cent," he added.

The Campo Morado property covers approximately 116 square kilometres in the Mexican state of Guerrero, around 160 kilometres south of the capital, Mexico City.

 

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