Normabec Cuts 2.131 kg/t Ag (62 oz/t) Over 7.62 Meters, 18.728 kg/t Ag (546 oz/t), 11.97% Pb, 11.52% Zn Over 1.70
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MONTREAL, QUEBEC, CANADA, Jul 22 (MARKET WIRE) --
Normabec Mining Resources Ltd. (TSX VENTURE: NMB)(FRANKFURT: N6M)
("Normabec" or "the Company"), through its wholly owned Mexican
subsidiary Minera Real Bonanza S.A. de C.V. ("MRB"), is pleased to
announce the latest results from its Phase 1 diamond drilling program on
the Real de Catorce project located in the state of San Luis Potosi in
north-central Mexico.
It should be noted that, given that these results were just received,
they are not included in the resource estimate of 33 million ounces
released on June 19th (see details below)
UNDERGROUND DRILLING
Results were obtained from a distinct hangingwall vein in hole VMP-19,
from the Refugio Vein in hole VMP-27 and from the Veta Madre Vein in hole
VMP-29. It is important to note that the intersection in hole VMP-29 is
the deepest one ever drilled on that structure, indicating that it is
still well open at depth. Interestingly, the gold content is
significantly higher in this hole than in any other hole drilled so far
on the project.
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HOLE FROM TO LENGTH Ag Pb Zn Comments
(m) (m) (m) g/t oz/t % %
---------------------------------------------------------------------------
Hangingwall
VMP-19 250.95 252.65 1.7 18 728 546.32 11.97 11.52 vein to Veta
Madre (massive
sulphides)
VMP-27 51.5 53.25 1.75 216 6.30 Veta Refugio
Veta Madre
VMP-29 356.17 361.85 5.68 229 6.68 1.4 2.3 deepest
intersection
(0.47 g/t Au)
---------------------------------------------------------------------------
Results from hole VMP-19, although not representative of the overall
grade of that structure, clearly indicate the potential for bonanza
grades on the property.
SURFACE DRILLING
Some of the results for holes VMS-36, 38, 39 and 41 which tested Veta
Madre were released in May 2008; those which were pending have now been
received and combined results are presented in the table below. Also,
complete results from hole VMS-37, drilled later in the sequence, have
also been received. The former four holes returned intersections much
wider than expected, hence adding significant tonnage to the resource
estimate published last June.
---------------------------------------------------------------------------
HOLE FROM TO LENGTH Ag Comments
(m) (m) (m) g/t oz/t
---------------------------------------------------------------------------
VMS-36 199.6 207.5 7.9 279 8.14 Updated from May
VMS-37 176.85 193.12 9.61 244 7.12 Veta Madre, partially
mined out
VMS-38 95.38 110.03 14.65 359 10.47 Updated from May
VMP-39 116.28 123.9 7.62 2,131 62.16 Updated from May
VMS-41 95.45 100.1 2.75 184 5.37 Hangwingwall vein to
Veta Madre
VMS-41 154.25 170.15 11.9 142 4.14 Updated from May, Veta
Madre partially mined out
VMS-41 175.95 181.5 5.55 128 3.73 Footwall vein to Veta
Madre
---------------------------------------------------------------------------
These results are consistent with those previously released from Veta
Madre and its subsidiary structures. They attest to the quality of the
resource on the property as well as to the potential to increase it
further. True width of Veta Madre is estimated at approximately 5.0
metres.
The company is now gearing up for the Phase 2 drilling program on Veta
Madre. This phase will consist of 5,000 metres of surface drilling on a
100 metre X 100 metre grid. The objective of this program is to test and
hopefully confirm the presence of the structure, at depth, over an
additional strike length of approximately 1,000 metres. The Phase 1
drilling program has already confirmed the presence of the structure to a
depth exceeding 700 metres in the sector of the Purisima oreshoot.
The 2008 43-101 Resource Estimate consisted of:
Measured: 2.6 MT grading 221 g/t Ag, 18.6 M oz Ag
Indicated: 1.0 MT grading 321 g/t Ag, 10.2 M oz Ag
Measured in tailings 1.4 MT grading 90 g/t Ag, 4.1 M oz Ag
------------
Total: 32.9 M oz Ag
Samples were prepared and assayed at Chemex Lab of Guadalajara,
Mexico. Methods used are Au-ICP21 for gold and ME-ICP41 for multi
elements including silver. Detection limits for Ag are 0.2 - 100 ppm.
Silver values higher than 100 ppm are submitted to method AG-AA46
consisting of aqua regia digestion with ICP-AES or AA finish (up to 1,500
ppm Ag). QA/QC was performed using two silver standards and one blank
being introduced alternatively (every 25 samples). Duplicates are being
performed by the laboratory.
This press release was reviewed and approved by Pierre O'Dowd, Qualified
Person, as defined by NI 43-101 of the Canadian Securities Administrators.
Normabec is a junior mining exploration company with a portfolio of
advanced projects including: the Pitt Gold project in Quebec and Real de
Catorce Silver project in Mexico.
The TSX Venture Exchange has
neither approved nor disapproved the contents of this press release.
Contacts:
Normabec Mining Resources Ltd.
Robert Ayotte
President
450-441-9177
info@normabec.com
www.normabec.com
Normabec Mining Resources Ltd.
Louis Morin
Director of Investor Relations
514-591-3988
louis.morin@normabec.com
Copyright 2008, Market Wire, All rights reserved.
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