Virgin Metals Inc. Provides Update on Alamos Gold Project
TORONTO, ONTARIO -- (Marketwire) -- 10/12/11 -- Virgin Metals Inc. (TSX VENTURE: VGM) today released details regarding initial assessment efforts at their Alamos Gold project located in Sonora Mexico.
'The historical La Campana mine that operated on the property was one of the higher grade gold operations in Mexico during its lifetime.' said Chris Frostad, President and Chief Executive Officer. 'The Alamos property clearly demonstrates significant potential for gold exploration and as a result of our preliminary observations, plans are now underway to map the entire area as well as the accessible adits from the old mine.'
Highlights
-- Preliminary grab samples from the original mine waste dumps assayed up
to 27.4 g/t of gold along with 210 g/t of silver;
-- Chip samples from quartz vein areas around the property were almost all
anomalous in gold content (up to 2.6 g/t maximum)
-- Chip samples from the granodiorite intrusion were gold bearing (assaying
up to 4.4 g/t Au). The presence of gold within the intrusion is
significant as it demonstrates the potential for a larger disseminated
style ore body
Alamos Project
The Alamos project is 300 Ha in size and located NW of Caborca in Sonora, north of significant mineralized structures being mined/explored currently by others. The property hosts the historic La Campana mine containing a series of underground adits that produced gold in the 1930's and 1940's.
The area appears to contain an intrusive body (granodiorite) surrounded by series of quartz veins. Pyrite is visible throughout the property.
About Virgin Metals
Virgin Metals is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is currently the subject of a pre-feasibility study while the other, Cuatro Hermanos, is the focus of ongoing exploration efforts.
Darren Koningen, P. Eng., is the Qualified Person responsible for technical content of this release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Virgin Metals Inc.
Chris Frostad
(416) 306-0990
www.virginmetals.com
