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Eurotin Announces Positive New Geological Interpretation at Its Oropesa Tin Project in Spain

Feb 20 2013 12:00AM

Marketwire

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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.



The highest tin grades are found in five distinct mineralised zones along a 1,500 metre long, continually mineralized structure. A further three new mineralized zones were found subsequent to the 2012 Resource Estimate; evidence for these three new zones is provided by the discovery drill intercepts shown below:

---------------------------------------------------------------------------- From To Width Est. True TinHole No. Dip & Azimuth (m) (m) (m) Width (m) Grade (%)---------------------------------------------------------------------------- 60 degrees @ORPDM 4 200 degrees 120.2 142.2 22.0 19.3 1.07%---------------------------------------------------------------------------- 146.3 156.3 10.0 9.0 0.80%-------------------------------------------------------------------------------------------------------------------------------------------------------- 60 degrees @ORPD 159 282 degrees 178.0 209.2 31.2 18.0 0.99%---------------------------------------------------------------------------- 80 degrees @ORPD 167(i) 200 degrees 173.6 182.6 9.0 7.0 0.70%---------------------------------------------------------------------------- 193.6 209.7 16.1 13.7 0.60%-------------------------------------------------------------------------------------------------------------------------------------------------------- 60 degrees @ORC 7 205 degrees 147.5 159.2 11.7 10.5 1.74%----------------------------------------------------------------------------(i) Denotes previously unannounced drill intercepts.



Oropesa's Tin Deposits

In its October 9, 2012 press release, the Company revealed that it had not been possible to demonstrate continuity of mineralization between many of the high grade intercepts at Oropesa and therefore they had to be treated as isolated intercepts, which made a negligible contribution to both the tonnage and the tin content in the 2012 Resource Estimate.

A re-assessment of the geology at Oropesa was undertaken during the final quarter of 2012, which resulted in the following conclusions:

1. Oropesa's style of tin mineralization is probably unique.2. The tin mineralization at Oropesa is typically found in recumbent folds - see Schematic 1.



To view Schematic 1 - Oropesa: Line 3 Cross Section, please visit the following link: http://media3.marketwire.com/docs/854432fig1.pdf.

3. The best tin mineralization at Oropesa is usually found as large, crescent shaped structures at the closed end of the recumbent folds - See Schematic 2.



To view Schematic 2 - Oropesa: Cross Section Through a Typical Mineralized Structure, please visit the following link: http://media3.marketwire.com/docs/854432fig2.pdf.

4. The tin mineralization so far found is almost exclusively hosted in the transition zone between coarse, feldspar rich, quartzites and pebble conglomerates.5. Tin mineralization is sometimes found in multiple, cross cutting (anastomosing) structures.6. The 1,500 metre long, WNW/ESE trending, zone of mineralization is cut by modest N/S faults, approximately once every 150-200 metres.



Tin mineralization, other than in metallurgically complex skarns, is typically found following a fault, or fracture system, down to its original granite tin source. As the schematics demonstrate, Oropesa's unusual mineralization zones are found in large, intensely folded, structures. These zones may represent part of a stacked sequence of structures continuing down to a hidden granite located at depth.

Not surprisingly, problems were often encountered in demonstrating continuity of high grade mineralization in the wireframe model used for the 2012 Resource Estimate. This was mainly due to: i) relatively wide drill spacings, ii) the irregular crescent shape of the mineralization, and iii) difficulties in interpreting the continuation of the tin bearing structures across oblique N/S faults.

Demonstrating continuity of mineralization is an essential pre-requisite for an accurate resource calculation. Based on the new interpretation, a new wireframe model is now close to completion, which demonstrates better continuity of the high grade drill intercepts, and has formed the basis for a proposed 30 hole infill drilling program.

2013's Exploration Targets

In addition to the comprehensive infill drilling program designed for 2013, the Company is also planning the following:

1. A modest drill program to test for the eastern and western extensions of the known tin deposits at Oropesa.2. An as yet undetermined number of drill holes to test the tin anomalies encountered in the recently completed 6.75km2 (542 samples) soil sampling program.3. Three deep (+300 metres) holes to test for the presence of stacked deposits of 'Oropesa-style' tin mineralization at depth.4. Anomalous tin values have been located in stream sediment sampling over an area exceeding 25km2around Oropesa. The Company intends follow up soil sampling programs in areas of potential tin promise.



Conclusion

Peter Miller, Eurotin's President & CEO comments: "The results of the successful 2011/12 drill program are shown below and clearly demonstrate the Oropesa district hosts a major tin mineralization event. Now that we understand its geology, a major and significant milestone has been achieved in our plans to develop a major, open pit, mining operation by mid-2016. The next step, planned for third quarter 2013, will be to prepare a new resource estimate, which should more accurately reflect Oropesa's unusual geological structures."

Appendix: Phase 1 Oropesa's Drill Results

---------------------------------------------------------------------------- Cutoff Grade: 0.50% Sn Cutoff Grade: 0.35% Sn----------------------------------------------------------------------------Hole # Intercepts Total (m) Sn (%) Intercepts Total (m) Sn (%)--------------------------------------------------------------------------------------------------------------------------------------------------------ORPC A 2 18.1 1.12% 2 18.1 1.12%----------------------------------------------------------------------------ORPC B 5 21.4 0.88% 4 25.4 0.73%----------------------------------------------------------------------------ORPC 1A 5 16.8 1.36% 3 26.8 0.97%----------------------------------------------------------------------------ORPC 2B 7 39.3 1.34% 8 51.9 1.12%----------------------------------------------------------------------------ORP 3 1 3.1 1.14% 1 3.1 1.14%--------------------------------------------------------------------------------------------------------------------------------------------------------ORP 4 1 13.4 0.92% 1 22.5 0.79%----------------------------------------------------------------------------ORPDM 4 2 30.0 1.21% 2 30.0 1.21%----------------------------------------------------------------------------ORC 5 2 5.1 0.95% 2 9.1 0.71%----------------------------------------------------------------------------ORC 6 1 3.0 1.36% 2 8.1 0.78%----------------------------------------------------------------------------ORC 7 3 10.3 2.08% 3 13.9 1.67%--------------------------------------------------------------------------------------------------------------------------------------------------------ORC 9 1 6.0 0.48%----------------------------------------------------------------------------ORPD 1 3 7.0 1.04% 2 17.6 0.62%----------------------------------------------------------------------------ORPD 2 3 7.8 1.24% 2 10.0 1.01%----------------------------------------------------------------------------ORPD 5 1 1.4 3.82% 1 4.2 1.46%----------------------------------------------------------------------------ORPD 11 3 10.8 1.90% 3 12.7 1.66%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 12 1 3.5 1.15% 1 3.5 1.15%----------------------------------------------------------------------------ORPD 14 1 2.0 0.51%----------------------------------------------------------------------------ORPD 15 1 5.3 1.61% 1 9.4 1.18%----------------------------------------------------------------------------ORPD 21 1 2.0 0.63% 1 2.0 0.63%----------------------------------------------------------------------------ORPD 25 1 3.4 0.96% 1 3.4 0.96%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 27 1 1.9 2.02% 1 1.9 2.02%----------------------------------------------------------------------------ORPD 28 3 18.5 0.97% 3 20.5 0.92%----------------------------------------------------------------------------ORPD 32----------------------------------------------------------------------------ORPD 33 3 3.1 0.62% 3 3.1 0.62%----------------------------------------------------------------------------ORPD 34 1 3.0 0.69% 1 7.0 0.51%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 36----------------------------------------------------------------------------ORPD 37 1 2.0 0.89% 1 2.0 0.89%----------------------------------------------------------------------------ORPD 38 1 1.0 1.09% 1 1.0 1.09%----------------------------------------------------------------------------ORPD 45 1 4.8 2.03% 1 4.8 2.03%----------------------------------------------------------------------------ORPD 47--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 48 6 22.1 1.07% 4 34.3 0.81%----------------------------------------------------------------------------ORPD 49 3 6.6 0.83% 2 10.6 0.59%----------------------------------------------------------------------------ORPD 50 1 3.4 0.54% 1 6.4 0.49%----------------------------------------------------------------------------ORPD 51 1 10.2 2.36% 1 10.2 2.36%----------------------------------------------------------------------------ORPD 54 5 17.3 1.93% 5 20.6 1.68%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 55 3 6.5 0.89% 3 12.4 0.66%----------------------------------------------------------------------------ORPD 56 2 2.2 0.82% 2 2.2 0.82%----------------------------------------------------------------------------ORPD 57 7 21.5 0.98% 7 26.1 0.86%----------------------------------------------------------------------------ORPD 59 4 9.7 0.82% 3 25.6 0.53%----------------------------------------------------------------------------ORPD 60 3 16.2 1.74% 3 16.2 1.74%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 61 6 25.7 1.28% 6 28.7 1.18%----------------------------------------------------------------------------ORPD 63 5 13.5 0.88% 5 15.5 0.83%----------------------------------------------------------------------------ORPD 65 3 4.0 1.12% 3 5.6 0.93%----------------------------------------------------------------------------ORPD 66 1 5.2 0.91% 1 5.2 0.91%----------------------------------------------------------------------------ORPD 68 3 20.2 1.14% 3 22.1 1.08%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 71 2 6.0 1.06% 1 13.7 0.62%----------------------------------------------------------------------------ORPD 73 3 9.0 0.74% 3 9.0 0.74%----------------------------------------------------------------------------ORPD 74 3 12.4 1.01% 2 19.9 0.94%----------------------------------------------------------------------------ORPD 75 2 4.3 2.11% 2 6.3 1.54%----------------------------------------------------------------------------ORPD 76 1 20.3 1.48% 1 20.3 1.48%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 78 4 14.3 0.93% 4 14.3 0.93%----------------------------------------------------------------------------ORPD 79 4 24.5 1.13% 6 30.6 0.98%----------------------------------------------------------------------------ORPD 80 1 1.6 2.35% 2 11.9 0.71%----------------------------------------------------------------------------ORPD 81 1 18.1 1.85% 1 18.1 1.85%----------------------------------------------------------------------------ORPD 82 2 9.3 1.00% 2 14.4 0.80%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 84 1 2.1 0.90% 1 2.1 0.90%----------------------------------------------------------------------------ORPD 85----------------------------------------------------------------------------ORPD 86 3 13.0 0.97% 3 15.0 0.90%----------------------------------------------------------------------------ORPD 87 3 8.0 1.03% 2 12.6 0.69%----------------------------------------------------------------------------ORPD 88--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 89----------------------------------------------------------------------------ORPD 90 2 3.8 0.79% 2 9.5 0.53%----------------------------------------------------------------------------ORPD 92 2 7.0 0.73% 2 7.0 0.73%----------------------------------------------------------------------------ORPD 94 1 1.1 1.15% 2 3.1 0.73%----------------------------------------------------------------------------ORPD 95 2 3.0 1.71% 2 3.0 1.71%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 97 1 1.5 0.77% 1 1.5 0.77%----------------------------------------------------------------------------ORPD 98----------------------------------------------------------------------------ORPD 99 1 1.9 1.35% 1 1.9 1.35%----------------------------------------------------------------------------ORPD 100 3 4.0 1.01% 4 13.4 0.57%----------------------------------------------------------------------------ORPD 101 1 1.0 2.06% 1 4.0 0.72%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 102 2 5.7 0.78% 2 5.7 0.78%----------------------------------------------------------------------------ORPD 103 2 4.5 0.91% 2 4.5 0.91%----------------------------------------------------------------------------ORPD 104----------------------------------------------------------------------------ORPD 105 2 11.2 1.85% 2 12.1 1.74%----------------------------------------------------------------------------ORPD 106 2 5.9 0.71% 2 5.9 0.71%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 107 2 8.1 1.17% 2 10.0 0.89%----------------------------------------------------------------------------ORPD 108 2 10.5 0.76% 2 10.5 0.76%----------------------------------------------------------------------------ORPD 109 2 5.9 0.93% 2 5.9 0.93%----------------------------------------------------------------------------ORPD 110 2 6.2 1.51% 2 10.5 1.08%----------------------------------------------------------------------------ORPD 111 3 7.3 0.83% 3 7.3 0.83%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 113 1 1.4 0.62% 1 1.4 0.62%----------------------------------------------------------------------------ORPD 115 2 7.4 0.97% 2 10.4 0.84%----------------------------------------------------------------------------ORPD 117 2 8.0 1.03% 2 8.0 1.03%----------------------------------------------------------------------------ORPD 118 2 4.0 0.73% 2 13.7 0.50%----------------------------------------------------------------------------ORPD 119 2 5.2 1.01% 2 7.2 0.84%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 120 2 8.1 0.65% 2 13.9 0.56%----------------------------------------------------------------------------ORPD 121 2 10.9 1.62% 2 18.2 1.08%----------------------------------------------------------------------------ORPD 122 1 4.0 0.51%----------------------------------------------------------------------------ORPD 123 3 7.1 1.10% 1 9.1 0.95%----------------------------------------------------------------------------ORPD 124--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 125 2 7.4 0.65% 2 7.4 0.65%----------------------------------------------------------------------------ORPD 126 1 3.0 0.70% 1 3.0 0.70%----------------------------------------------------------------------------ORPD 128 2 11.9 1.50% 2 18.5 1.13%----------------------------------------------------------------------------ORPD 129 3 9.4 0.85% 3 10.4 0.80%----------------------------------------------------------------------------ORPD 130 2 5.3 0.72% 3 7.2 0.67%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 131 1 3.0 0.77% 1 3.0 0.77%----------------------------------------------------------------------------ORPD 132 2 4.3 0.91% 2 4.3 0.91%----------------------------------------------------------------------------ORPD 133 1 2.0 0.64% 2 4.0 0.59%----------------------------------------------------------------------------ORPD 136 2 7.9 1.05% 2 7.9 1.05%----------------------------------------------------------------------------ORPD 142 3 27.5 1.18% 3 27.5 1.18%--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 144 2 5.1 0.93% 2 8.1 0.72%----------------------------------------------------------------------------ORPD 146 1 4.0 1.70% 1 4.0 1.70%----------------------------------------------------------------------------ORPD 147 5 18.0 1.00% 5 29.0 0.77%----------------------------------------------------------------------------ORPD 149 1 3.0 0.86% 1 3.0 0.86%----------------------------------------------------------------------------ORPD 150--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 152 1 2.9 0.91% 1 6.4 0.66%----------------------------------------------------------------------------ORPD 153 1 1.0 1.01% 1 6.0 0.58%----------------------------------------------------------------------------ORPD 154 3 11.8 1.01% 3 13.6 0.75%----------------------------------------------------------------------------ORPD 158 3 27.0 1.10% 3 29.1 1.04%----------------------------------------------------------------------------ORPD 167 3 11.0 1.02% 3 12.0 0.96%--------------------------------------------------------------------------------------------------------------------------------------------------------Weighted Intercepts Av. Width Sn (%) Intercepts Av. Width Sn (%)----------------------------------------------------------------------------Averages 192 4.5m 1.17% 191 5.9m 0.97%----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Other Drill Holes----------------------------------------------------------------------------Hole # Intercepts Total (m) Sn (%) Intercepts Total (m) Sn (%)----------------------------------------------------------------------------ORPC 2 5 88.6 2.15% 5 88.6 2.15%----------------------------------------------------------------------------ORPC 4----------------------------------------------------------------------------ORPC 5 2 12.1 1.57% 3 32.9 0.84%----------------------------------------------------------------------------ORP 1----------------------------------------------------------------------------ORP 2 1 10.0 0.7% 2 21.0 1.01%-------------------------------------------------------------------------------------------------------------------------------------------------------- Cutoff Grade: 0.20% Sn----------------------------------------------------------------------------Hole # Intercepts Total (m) Sn (%) Dip & Azimuth--------------------------------------------------------------------------------------------------------------------------------------------------------ORPC A 1 28.8 0.77% 60 degrees @ 213 degrees----------------------------------------------------------------------------ORPC B 4 38.2 0.61% 60 degrees @ 220 degrees----------------------------------------------------------------------------ORPC 1A 3 49.0 0.66% 60 degrees @ 215 degrees----------------------------------------------------------------------------ORPC 2B 6 84.3 0.80% Vertical----------------------------------------------------------------------------ORP 3 1 4.1 0.93% 50 degrees @ 190 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORP 4 1 22.5 0.79% 50 degrees @ 200 degrees----------------------------------------------------------------------------ORPDM 4 2 30.0 1.21% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORC 5 2 16.0 0.55% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORC 6 3 13.1 0.58% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORC 7 2 18.8 1.26% 60 degrees @ 205 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORC 9 2 10.0 0.44% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 1 4 33.3 0.45% 60 degrees @ 222 degrees----------------------------------------------------------------------------ORPD 2 3 21.3 0.62% 50 degrees @ 216 degrees----------------------------------------------------------------------------ORPD 5 1 4.2 1.46% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 11 3 27.3 0.95% 60 degrees @ 232 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 12 1 7.6 0.69% 65 degrees @ 190 degrees----------------------------------------------------------------------------ORPD 14 1 6.2 0.28% 70 degrees @ 230 degrees----------------------------------------------------------------------------ORPD 15 1 18.6 0.72% 65 degrees @ 201 degrees----------------------------------------------------------------------------ORPD 21 1 8.8 0.33% 60 degrees @ 187 degrees----------------------------------------------------------------------------ORPD 25 1 7.0 0.64% 60 degrees @ 201 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 27 1 9.9 0.60% 65 degrees @ 192 degrees----------------------------------------------------------------------------ORPD 28 2 33.6 0.62% 45 degrees @ 218 degrees----------------------------------------------------------------------------ORPD 32 1 5.9 0.38% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 33 1 23.8 0.35% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 34 2 19.8 0.34% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 36 1 20.0 0.36% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 37 1 3.1 0.70% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 38 1 92.6 0.29% 65 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 45 1 10.4 1.06% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 47 1 4.0 0.36% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 48 4 46.1 0.64% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 49 3 13.9 0.58% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 50 1 20.5 0.33% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 51 1 10.2 2.36% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 54 5 35.4 1.12% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 55 4 54.5 0.36% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 56 2 7.1 0.48% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 57 6 35.0 0.74% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 59 3 30.7 0.48% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 60 3 49.3 0.76% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 61 6 50.9 0.81% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 63 2 35.4 0.45% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 65 2 14.0 0.62% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 66 2 14.4 0.48% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 68 3 22.1 1.08% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 71 1 13.7 0.62% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 73 6 50.9 0.34% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 74 2 19.9 0.94% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 75 2 11.5 0.94% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 76 1 20.3 1.48% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 78 4 19.5 0.76% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 79 6 47.9 0.74% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 80 3 13.3 0.66% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 81 1 23.4 1.50% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 82 2 17.2 0.71% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 84 1 3.1 0.69% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 85 1 12.1 0.23% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 86 5 35.1 0.54% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 87 2 23.0 0.48% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 88 1 4.4 0.44% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 89 10.7 0.27% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 90 3 48.6 0.33% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 92 2 57.6 0.31% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 94 2 14.9 0.38% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 95 2 15.9 0.54% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 97 1 6.4 0.41% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 98 1 4.0 0.39% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 99 1 3.9 0.81% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 100 4 37.5 0.36% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 101 1 4.0 0.72% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 102 3 11.8 0.54% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 103 3 24.7 0.42% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 104 1 11.4 0.25% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 105 2 12.9 1.66% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 106 5 85.4 0.25% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 107 2 13.2 0.81% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 108 2 23.0 0.49% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 109 2 18.9 0.49% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 110 2 12.3 0.96% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 111 4 35.9 0.37% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 113 2 9.0 0.29% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 115 2 17.4 0.60% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 117 1 14.7 0.69% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 118 3 24.7 0.42% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 119 2 12.1 0.59% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 120 3 35.0 0.39% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 121 4 92.3 0.44% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 122 1 9.1 0.36% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 123 2 21.6 0.57% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 124 2 17.2 0.29% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 125 6 47.5 0.32% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 126 2 13.0 0.41% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 128 2 34.6 0.74% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 129 5 23.5 0.55% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 130 3 9.2 0.57% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 131 2 8.7 0.45% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 132 2 21.3 0.32% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 133 2 19.0 0.32% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 136 2 10.9 0.82% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 142 2 34.1 1.00% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 144 2 26.2 0.44% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 146 1 4.0 1.70% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 147 4 48.6 0.56% 60 degrees @ 200 degrees----------------------------------------------------------------------------ORPD 149 1 7.3 0.54% 60 degrees @ 155 degrees----------------------------------------------------------------------------ORPD 150 1 7.6 0.38% 60 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------ORPD 152 1 6.4 0.66% 47 degrees @ 110 degrees----------------------------------------------------------------------------ORPD 153 2 14.3 0.45% 50 degrees @ 110 degrees----------------------------------------------------------------------------ORPD 154 2 19.6 0.58% 50 degrees @ 110 degrees----------------------------------------------------------------------------ORPD 158 1 37.2 0.89% 60 degrees @ 254 degrees----------------------------------------------------------------------------ORPD 167 2 25.1 0.60% 80 degrees @ 200 degrees--------------------------------------------------------------------------------------------------------------------------------------------------------Weighted Intercepts Av. Width Sn (%)----------------------------------------------------------------------------Averages 229 11.2m 0.59%----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Other Drill Holes----------------------------------------------------------------------------Hole # Intercept Total (m) Sn (%) Dip & Azimuth----------------------------------------------------------------------------ORPC 2 1 106.1 1.73% 60 degrees @ 005 degrees----------------------------------------------------------------------------ORPC 4 2 27.6 0.26% 80 degrees @ 020 degrees----------------------------------------------------------------------------ORPC 5 1 55.4 0.59% 60 degrees @ 020 degrees----------------------------------------------------------------------------ORP 1 2 42.3 0.31% 60 degrees @ 015 degrees----------------------------------------------------------------------------ORP 2 2 39.0 0.46% 60 degrees @ 015 degrees----------------------------------------------------------------------------



Assay and QA/QC Methodology for Oropesa Drill Core

All core produced is taken daily from each drill site to the Company's secure facility in Fuente Obejuna, where it is logged by the Company's geologists. This process takes place under the supervision of Qualified Person Victor Guerrero Merino, Euro.Geol.

The core, usually of around one metre length, which is chosen by the Company's geologists for assaying, is then cut in half either at the Company's own facilities at Fuente Obejuna or at ALS Chemex's sample preparation facility in Seville in southern Spain.

At the ALS Chemex facility, the cut core is logged into the in house LIMS tracking system, after which each sample is prepared using procedure code 'Prep 31'. This procedure involves the drying, weighing and fine crushing to 70% passing -2mm. A 250g split of the crushed material is then pulverised to greater than 85% passing 75 microns. Samples are then shipped by bonded courier to Vancouver for analysis.

In Vancouver, ALS Chemex procedure ME-XRF10 is used for tin analysis and ME-ICP61 for multi-element (33) analysis. The ME-XRF10 procedure uses 0.9g of calcined sample pulp, which is mixed with 4.5g of lithium tetraborate and 4.5g of lithium metaborate. This mixture is then fused at 1,100 degrees C to produce a flat molten disc, which is subsequently analysed by XRF spectrometry. ALS Chemex analyses its own standard samples and blanks, plus duplicates, within each set of samples provided by the Company. The Company has recently introduced its own blanks and standards as a further means of checking the accuracy of the assay results. One in every 15 samples analysed by ALS Chemex is then sent to SGS's laboratories in Cornwall, UK, for check assaying for tin. The Company keeps all its sample pulps and rejects in locked steel containers at its secure storage facility in Fuente Obejuna.

The Company recently completed a new check assay program using five certified laboratories. The pulp sample composites used had varying tin grades; the accuracy of the results obtained was within acceptable parameters.

Mr. Victor Guerrero Merino, an independent geological consultant and a Qualified Person pursuant to NI 43-101, has reviewed and approved the technical information in this news release on behalf of the Company.

Forward-Looking Statements

Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. In addition, this press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on expectations, estimates and projections as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements, general market conditions, and the uncertainty of access to additional capital; changes in the world-wide price of mineral commodities; general economic conditions; and changes in laws, rules and regulations applicable to the Company. In addition to being subject to a number of assumptions, forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements. The Company has no intention or obligation to update the forward-looking statements contained in this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Eurotin Inc.
David Danziger
Director
(416) 641-4940
www.eurotin.ca





Source: Marketwire


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