Argentina Mining Play

[Ed Monton]

Bought a few MFM today


Marifil finds 1,998 g/t Ag in 6.7 metres at Toruel


2005-12-15 09:45 ET - News Release

Mr. John Hite reports

MARIFIL MINES ADDS TO TORUEL DRILL RESULTS

Marifil Mines Ltd. has released additional phase II drilling assay results for its wholly owned Toruel project in Rio Negro province, Argentina. Previously announced results from the first four holes of this 19-hole, 1,350-metre diamond drill hole program (see Stockwatch on Nov. 28, 2005) showed attractive silver and copper values. Results from two of the next seven holes also show significant silver and copper values, with a third hole containing strong lead and zinc values.

"These latest results provide further confirmation of what we already believed, that this section of the Toruel structure contains a significant silver-copper resource along with important values in lead and zinc," said John Hite, Marifil Mines president. "As we drill more we continue to grow this deposit and, given the large surrounding area of our property where we have discovered -- but not yet drill tested -- several more mineralized structures with many similarities, we are very excited about the potential returns this project may provide for our investors."

From DH-2 westward the Toruel structure ranges from five metres to 30 metres in true width. Nearly all of the structure is mineralized but higher grade mineralization seldom occurs across the full width. Generally the high-grade material occupies a zone one metre to five metres wide and is flanked by lower grade material.

Key phase II drill results received so far for the Toruel vein are:

 
  
 Drill   From    To    Au    Ag    Cu 
 hole      (m)   (m) (g/t) (g/t)   (%) 
  
 DH-31  58.80 62.40  0.23   433  0.70 
 incl   61.10 62.40  0.47   782  1.23 
  
 DH-32   34.5  41.2  0.75  1998  5.34 
 incl    35.8  37.6     -  4283 10.38 
  
 DH-33   66.6  68.5  0.18   194  1.01 
  
 DH-34   31.8  32.4  0.15   161  1.94 
 plus    36.2  38.0  1.14   857  1.16 
  
 DH-35   72.4  74.5  1.77   885  1.23 
 incl    72.4  73.7  1.16  1368  1.90 
  
 DH-41   49.2  51.6  0.61   441  0.72 
 incl    49.2  49.9  1.78  1250  2.06 
  
  
 

............


Note 1: DHs 36 to 40 were drilled on the nearby Avispa vein; none contain significant values.

Note 2: DH-41 also contains 0.70 metre grading 6.71 per cent lead and 5.35 per cent zinc.

The company has completed a total of 49 drill holes during the first two phases of diamond drilling on this important project. Final assays for holes 42 to 49 are pending.

All assaying is being done by Alex Stewart & Co. in Mendoza, Argentina. Elements other than silver and gold will be analyzed by ICP at the same laboratory.

This press release has been reviewed and approved by Mr. Hite, president of Marifil Mines, and by Richard Walters, vice-president, under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are qualified persons as defined by National Instrument 43-101.