InvestorsHub Logo
Post# of 5067
Next 10
Followers 35
Posts 12463
Boards Moderated 8
Alias Born 12/17/2002

Re: Ed Monton post# 3903

Tuesday, 06/16/2009 9:36:50 AM

Tuesday, June 16, 2009 9:36:50 AM

Post# of 5067
GALORE TO DRILL KEY TARGETS IN MEXICO
Vancouver, B.C., Galore Resources Inc. (GRI-TSX-V) announces the commencement of a 3,500-metre reverse-circulation drill program to test known gold targets on its Dos Santos Gold project in northern Zacatecas State, Mexico.
The 100%-owned, 14,000-hectare property is in the historic Concepcion del Oro mining district, 35 kilometres south-east of Goldcorp’s massive Peñasquito mine and adjacent to the northern boundary of Canplats recent Camino Rojo gold discovery.
The program is scheduled to commence July 1st and will drill-test known epithermal gold targets and a vein system hosted in calc-silicate altered rocks. Galore is conducting a prospecting, mapping and soil geochemical survey in areas of the property which are potential hosts for the Peñasquito and Camino Rojo style sedimentary hosted gold-silver-lead-zinc mineralization.
In 2008, Galore completed an extensive exploration program that included systematic trench sampling which resulted in a significant number of samples containing anomalous gold and gold pathfinder elements. Several samples exceeded 1,000 ppb gold (one gram), with the highest result being 208 grams of gold per tonne over 0.5 metres.
The Dos Santos exploration program is being managed by Octavio Gonzalez, Galore’s Vice President of Exploration for Mexico. Uwe Schmidt, P. Geo., Vice President Exploration and Galore’s Qualified Person as defined by Canada’s National Instrument 43-101, is responsible for supervising the Dos Santos program and has verified the technical data in this release.
Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits with an emphasis on gold in Mexico and base metals in British Columbia.
To find out more about Galore Resources visit our website at www.galoreresources.com
GALORE RESOURCES INC.
“Michael W. Byrne”
President
For progress updates and queries on Galore Resources Inc. (TSX.V -GRI) please contact:
Erica C. Bearss,
Vice-President, Corporate Communications
Email: ebearss@galoreresources.com
Tel.: 604-647-2298
Fax: 604-647-008

Ed

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.