Resistivity anomalies coincide with both chargeability anomalies, and there is a third resistivity anomaly, without corresponding chargeability, to the east of AC2, also in the area of hangingwall sequence volcanics.
To view Figure 6, please visit the following link: http://media3.marketwire.com/docs/sga0617fig6.pdf.
NEW ROCK CHIP RESULTS
Additional rock chip sampling, subsequent to previous announcements, has returned anomalous Ag values at the following locations:
-- Approximately 250m WNW of the Cerro Cubilete drill-holes, a 20 cm barite vein assayed 299 g/t Ag.-- Approximately 350m south of the southernmost drill-holes at Cerro Cubilete, a group of seven samples returned Ag values ranging from 43 to 139 g/t Ag.
Locations of these samples are shown on Figure 7.
Figure 7 is a compilation of the IP anomalies at both Cerro de la Mina and Cerro Cubilete, superimposed on a magnetic image from the 2012 magnetometer survey. The northern group of IP anomalies, including those at Cerro Cubilete, coincide with a NW magnetic trend which extends 1.5 km NW from Cerro Cubilete, although the strongest anomalies, and the known mineralization, strike N-S to NE-SW.
The pattern might be interpreted to reflect north-trending extensional structures in a NW-striking, probably transtensional structural zone. Since the Cerro Cubilete mineralization consists largely of pyritic and base metal sulfides whose geophysical response is a chargeability and resistivity anomaly, it is reasonable to expect that similar sulfide-rich zones might underlie the other similar IP anomalies which have not yet been drilled.
At Cerro de la Mina, anomalous geochemistry, IP response, magnetics, veinlet development and alteration combine to define a compelling exploration target. As indicated in the previous release (28 May 2013), known mineralization at Cerro Cubilete is open along strike, and the IP results suggest that it continues towards the south.
The strong NW-trending IP anomaly A1 and the northerly-trending anomalies A5 to A8 are additional targets. Ongoing lag sampling is expected to provide additional information on these areas.
To view Figure 7, please visit the following link: http://media3.marketwire.com/docs/sga0617fig7.pdf.
Commenting on the recent results Paul Richardson, Chief Executive of Samco Gold said:
"We are delighted with these very encouraging IP results. The correlation of the IP with known mineralization and its extrapolation onto the multiple other targets where, in many cases, we have coincident surface expression and/or geochemical and magnetic anomalies, confirms Corina as one of the most exciting new discoveries in the Deseado."
A detailed presentation on the Corina Project and work carried out to date is available for download from the Company's website at www.samcogold.com.
The exploration program is directed by Samco Gold's Exploration Manager, Lic. Marcelo Ortiz advised by Mr. David Shatwell who is a Fellow of the Australian Institute of Geoscientists and a Fellow of the Society of Economic Geologists. Sr. Ortiz has extensive experience of exploration geology throughout Argentina including significant experience within the Deseado Massif. Mr. Shatwell is a Qualified Person within the meaning of Canadian National Instrument 43-101 and has reviewed and approved the above technical disclosure.