News Column

Rio Alto Intersects 78 Meters of 1.34 Grams Per Tonne Gold at La Colorada

Page 2 of 4

At La Colorada West sample lengths in trenches (rocks and soils) and in pits (soils) ranged from 0.7m to 2.0m resulting in 1,378 rock chip samples and 1,747 soil samples. Assays of the rock chip samples resulted in potentially economic gold values in 282 samples of which 231 samples yielded gold grades of 110 parts per billion ("ppb") to less than 600ppb; 21 samples with grades ranging from 601ppb to less than 1,000ppb and 30 samples with gold grades of more than 1,000ppb to more than 6,300ppb with one 2m sample in trench 9 grading 23,630ppb gold. Assays of soil samples yielded potentially economic gold values in 339 samples of which 335 yielded grades of 110ppb to less than 600ppb; 3 samples ranging from 601ppb to 1,000ppb and one sample graded 1,657ppb gold. The La Colorada West Zone appears to be open (to the east and southeast) and a surface soil sampling program on a grid of 50m lines and 25m spacing is in progress at these possible extensions.

Map 3 shows the rock chip and soil sample locations, at La Colorada West, and Table 2 includes the sample results of potentially economic gold mineralization.

----------------------------------------------------------------------------           Sample           Length         Au      SampleTrench        (m)        g/t        Type                             Remarks----------------------------------------------------------------------------T-1         11.60       0.15        Rock         -------------------------------------------------------------------             7.35       0.90        Rock          Including 4m @ 1.42 g/t Au         -------------------------------------------------------------------            17.90       1.03        Rock         Including 8m @ 1.751 g/t Au         -------------------------------------------------------------------             19.3       0.47        Rock----------------------------------------------------------------------------T-2          34.3       0.28        Rock         Including 2m @ 1.591 g/t Au----------------------------------------------------------------------------T-4         16.00       0.17        Rock         -------------------------------------------------------------------            10.00       0.32        Rock----------------------------------------------------------------------------T-5         66.00       0.18        Rock----------------------------------------------------------------------------T-6         18.00       0.12        Rock----------------------------------------------------------------------------T-9         46.00       0.20        Rock         -------------------------------------------------------------------            80.00       1.50        Rock        Including 10m @ 3.914 g/t Au                                                Including 4m @ 12.435 g/t Au                                                 Including 6m @ 1.489 g/t Au----------------------------------------------------------------------------T-11         4.90       0.19        Soil----------------------------------------------------------------------------T-15         4.70       0.07        Soil         -------------------------------------------------------------------            29.90       0.08        Soil         -------------------------------------------------------------------             4.90       0.19        Soil----------------------------------------------------------------------------T-17        50.85       0.12        Soil         -------------------------------------------------------------------            48.05       0.10        Soil----------------------------------------------------------------------------T-18        62.00       0.19        Soil         Including 2m @ 0.511 g/t Au         -------------------------------------------------------------------            62.00       0.26        Soil         Including 2m @ 1.657 g/t Au         -------------------------------------------------------------------           102.00       0.14        Soil        Including 10m @ 0.546 g/t Au----------------------------------------------------------------------------T-19       108.00       0.10        Soil         -------------------------------------------------------------------            96.00       0.26        Soil         -------------------------------------------------------------------            48.00       0.12        Soil----------------------------------------------------------------------------T-20        68.00       0.12        Soil         -------------------------------------------------------------------            80.00       0.08        Soil----------------------------------------------------------------------------T-21        90.00       0.08        Soil----------------------------------------------------------------------------                                  Table 2

Continued | 1 | 2 | 3 | 4 | Next >>

Story Tools