Darwin Obtains Drill Permits for the Suriloma Gold Project, Peru
June 13, 2013 (Source: Marketwire) — Darwin Resources Corp. (“Darwin” or “The Company”) (TSX VENTURE:DAR)(PINKSHEETS:DARWF) (FRANKFURT:DWU): Dr. Graham Carman, President & CEO, is pleased to announce that the Company has received final permits to allow drilling to commence immediately at the Suriloma epithermal gold project, located in the Department of La Libertad, Peru. The drill contractor is now mobilizing the drill rigs and crews to site for initiation of the drill program.
Dr. Carman states: “This is great news that has been eagerly awaited, and will allow the Suriloma gold property to be drill tested for the first time. Darwin plans to commence drilling immediately at the La Puerta area, one of the principal gold targets at the Suriloma project. Up to 12 diamond drill holes covering a strike length of 1,000 metres have been planned to test the gold potential of the quartz stockwork zone to a depth of about 150 metres. Two man-portable drill rigs will be utilized to speed up the drilling process, maximise cost efficiencies and reduce the drilling footprint. The drill rigs will be mobilized to site over the next few days.”
The final permit received from the Peruvian Ministry of Energy and Mines, termed the Authorization to Initiate Activities, allows up to 12 drill platforms but may be extended to 20 drill platforms upon approval of a modified program under a Category 1 approval.
The Suriloma project is located in a prolific gold belt in Peru, 30km along strike from Barrick’s Lagunas Norte mine and 50km from Rio Alto’s La Arena mine. Darwin’s channel sampling at La Puerta highlighted a gold mineralized quartz stockwork zone covering 1,300 metres long open-ended and up to 100m wide within two sub-parallel zones reporting to oxide mineralization. Channel sampling included 16 metres @ 2.12 grams per tonne (g/t) gold from Zone A, and 29 metres @ 1.60 g/t gold from Zone B. Epithermal quartz veins which cut the same mineralized area also offer additional high-grade potential. Surface samples returned up to 11 g/t gold and 290 g/t silver from quartz veins over 2 metres width.
Channel samples were dug to a depth of 30-40cm depth across continuous sub-cropping zones using pick and chisel with each continuous channel sample being 2m in length. Channel samples are considered representative of the in-situ mineralization sampled and channel widths quoted approximate the true width of the mineralization, except where thick soil cover obscured the mineralized structure and in these areas channel samples were not collected. Samples were assayed for gold by Certimin laboratory in Lima using a 50g fire assay with an atomic absorption finish.
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.
Get our daily investorintel update
About Darwin Resources Corp. (TSX VENTURE:DAR)(PINKSHEETS: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 epithermal gold property in the Department of La Libertad.
On behalf of the Board,
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.
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.