Darwin Commences Ground Geophysical Survey at Suriloma Peru
October 16, 2013 (Source: Darwin Resources Corp) — Darwin Resources Corp. (“Darwin” or “the Company”) (TSXV:DAR) (OTCPK:DARWF) (Frankfurt: DWU) announces that it has commenced a ground geophysical induced polarization (“IP”) survey at its Suriloma project in the Department of La Libertad, Peru. Suriloma is located in a pedigreed epithermal gold belt, just 30km from Barrick’s Lagunas Norte (14 Moz contained gold) and 50km from Rio Alto’s La Arena mine (2.3 Moz gold oxide).
At Suriloma, Darwin has discovered surface gold and silver mineralization at 6 prospect areas over a strike length of 5 kilometres. Only one of these areas, La Puerta, has been partially drill tested by drilling to a maximum depth of 100 metres in August 2013. Encouraging gold was intersected in several drill holes with gold grades increasing with depth at La Puerta (see Darwin Press Release August 19 2013).
Gold mineralization occurs together with disseminated sulphides, which should be detectable in the sub-surface using IP geophysics. Two separate areas will be surveyed with IP, which will help identify new targets for future drill testing from the surface to a depth of 300 metres. Gold targets at the La Puerta – Inmaculada – Guadalupe areas will be covered by one survey, while a copper – silver target will be tested by a second survey area at Edelmira – see Figure 1.
Dr Graham Carman, the Company’s President and CEO, states: “Suriloma is a large project with multiple mineralized structures identified through mapping, surface sampling and early stage drilling. The project warrants the momentum of further exploration and we look forward to receiving the geophysical data which will aid in refining and extending targets down to a maximum depth of 300 metres for our next drill program. We expect the IP program to be completed before the end of October.”
The qualified person, Dr Graham Carman, Darwin’s President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.
About Darwin Resources Corp (TSXV:DAR) (OTCPK:DARWF) (Frankfurt:DWU):
Darwin is a resource acquisition and development company focussing on Peru. The Company has an option to acquire 100% of the Suriloma gold and copper property in the Department of La Libertad.
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Dr Graham Carman, President & CEO
Forward Looking Statements This Company News Release contains certain “forward-looking” statements and information relating to the Company that are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, failure to successfully complete intended financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world metal markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, success of future development initiatives, competition, operating performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local authorities, and other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Darwin believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
Figure 1. Gold-silver prospect map at Suriloma showing planned IP survey grid areas
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