TORONTO, ONTARIO -- (Marketwire) -- 02/20/13 -- Eurotin Inc. ("Eurotin" or the "Company") (TSX VENTURE: TIN), is pleased to provide the following update for its Oropesa tin project located in southern Spain, which includes an important new geological interpretation of its mineralized zones. The new interpretation was developed subsequent to the Company's first mineral resource estimate (prepared in accordance with National Instrument 43-101) discussed below.
The 2011/2012 Oropesa Drill Program
By the end of 2012, the Company had completed Phase 1 of its drill program of 211 core holes at Oropesa, totalling 45,466 metres. A summary of the drill results is shown below:
Phase 1: Averages of All Drill Intercepts - See Appendix for Full Details(i)
---------------------------------------------------------------------------- No. of Av. Total Av. TinCutoff Grade Intercepts Thickness (m) Length (m) Grade (%)----------------------------------------------------------------------------0.20% Sn 229 11.2 2,553.4 0.59%----------------------------------------------------------------------------0.35% Sn 191 5.9 1,016.3 0.97%----------------------------------------------------------------------------0.50% Sn 192 4.5 866.0 1.17%----------------------------------------------------------------------------(i) The above results exclude 5 holes which were drilled NNE 'downstructure', including ORPC 2, which reported an intercept of 106.1m @ 1.73%Sn.
Approximately 95% of the above intercepts occurred at vertical depths of less than 180 metres and represent tin mineralization that can potentially be mined through the use of low cost, open pit methods.
The Company reported its first resource on October 9, 2012 (the "2012 Resource Estimate"), as shown below:
---------------------------------------------------------------------------- Indicated Inferred --------------------------------------------------------------------Cutoff Av Grade Tonnes Av Grade Tonnes(Sn%) Tonnes (Sn%) Sn Tonnes (Sn%) Sn----------------------------------------------------------------------------0.00 9,618,659 0.30 28,856 9,404,765 0.25 23,5120.10 8,988,898 0.32 28,764 8,796,510 0.26 22,8710.20 6,391,691 0.38 24,288 5,348,616 0.34 18,1850.30 3,246,953 0.51 16,559 2,539,685 0.43 10,9210.40 1,837,934 0.64 11,763 1,134,454 0.54 6,1260.50 1,199,010 0.75 8,993 524,825 0.65 3,4110.60 757,148 0.86 6,511 303,845 0.72 2,1880.70 510,289 0.97 4,950 126,388 0.82 1,0360.80 339,296 1.08 3,664 62,736 0.90 5650.90 229,159 1.19 2,727 17,521 1.05 1841.00 153,141 1.31 2,006 8,449 1.18 100----------------------------------------------------------------------------(i) The Mineral Resource excludes all drill results obtained by IGME(Instituto Geologico y Minero de Espana) during its Oropesa explorationprogram undertaken in the mid-1980s.(i) The Mineral Resource was prepared under the direction of Howard BakerBSc, MSc, MAusIMM(CP) of SRK Exploration Services Ltd. ("SRK"), Cardiff, UKand is compliant with the regulatory requirements of Canada's NI 43-101.
