Nov 10, 2009 08:00 ET
Oro Silver Drills 193 g/t Gold and 1,264 g/t Silver Over 4.3 Metres at El Compas Project, Zacatecas, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2009) - Oro Silver Resources Ltd. (TSX VENTURE:OSR) ("Oro Silver or the "Company") has received positive assay results for two recently completed diamond drill holes on its El Compas property located in Zacatecas, Mexico. Both holes were drilled at shallow depths below the El Compas mine workings testing gaps in the current resource model.
Highlight drill results include:
* 193.2 g/t gold and 1,263.9 g/t silver over 4.28 metres (true width) in 09COM043 approximately 50 metres below the El Compas mine portal, and is the highest grade drill intercept reported to date.
* 4.7 g/t gold and 48.6 g/t silver over 2.44 metres (true width) in 09COM044 approximately 90 metres below surface.
Tom Bagan, Chief Operating Officer of Oro Silver remarked, "We were expecting better than average grades from hole 09COM043 but what we got was truly spectacular. This is by far the best hole ever drilled at El Compas, and it will undoubtedly have a positive impact on our ongoing scoping study demonstrating the robust economics of our gold-silver mine."
In turn Oro Silver rallied over 30% today and closing at 0.215 +0.045 (26.47%)
Nov 10, 2009 08:00 ET
Oro Silver Drills 193 g/t Gold and 1,264 g/t Silver Over 4.3 Metres at El Compas Project, Zacatecas, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2009) - Oro Silver Resources Ltd. (TSX VENTURE:OSR) ("Oro Silver or the "Company") has received positive assay results for two recently completed diamond drill holes on its El Compas property located in Zacatecas, Mexico. Both holes were drilled at shallow depths below the El Compas mine workings testing gaps in the current resource model.
Highlight drill results include:
* 193.2 g/t gold and 1,263.9 g/t silver over 4.28 metres (true width) in 09COM043 approximately 50 metres below the El Compas mine portal, and is the highest grade drill intercept reported to date.
* 4.7 g/t gold and 48.6 g/t silver over 2.44 metres (true width) in 09COM044 approximately 90 metres below surface.
Tom Bagan, Chief Operating Officer of Oro Silver remarked, "We were expecting better than average grades from hole 09COM043 but what we got was truly spectacular. This is by far the best hole ever drilled at El Compas, and it will undoubtedly have a positive impact on our ongoing scoping study demonstrating the robust economics of our gold-silver mine."
In turn Oro Silver rallied over 30% today and closing at 0.215 +0.045 (26.47%)