TORONTO, ONTARIO--(Marketwire - May 16, 2012) - Eurotin Inc. ("Eurotin" or the "Company") (TSX VENTURE:TIN), is pleased to provide the following drill results and update on its Oropesa tin project, located in SW Spain.
Drilling Highlights:
| ORPD 121: 29.2m @ 0.82% Sn from 245.6m | |
| ORPD 105: 8.2m @ 1.54% Sn from 157.7m | |
| ORPD 107: 6.9m @ 1.11% Sn from 138.4m | |
| ORPD 110: 9.3m @ 0.79% Sn from 137.6m | |
| ORPD 115: 8.2m @ 0.84% Sn from 169.1m | |
| ORPD 117: 14.7m @ 0.69% Sn from 233.3m |
Other Highlights:
- The drilling of large diameter drill holes for metallurgical testwork commenced in the second week of May.
- Drill hole ORPD 121 intersects over 107.8 metres of mineralisation with a grade exceeding 0.41% tin, including 29.2 metres at 0.825 % Sn.
The most recent drill results are shown below:
| Hole No. | Dip & Azimuth | From (m) | To (m) | Length (m) | Est. True Width (m) | Tin - Sn (%) | Comment | |||||||
| ORPD-96 | 60° @ 200° | 95.2 | 99.2 | 4.0 | 0.39% | Also: 0.38% Cu, 2.24% Pb, 5.25% Zn and 115g/t Ag | ||||||||
| ORPD-98 | 60° @ 200° | NSV | Far west Oropesa | |||||||||||
| ORPD-99 | 60° @ 200° | 62.2 | 67.1 | 4.9 | 4.4 | 0.68% | Top of Primary Structure | |||||||
| ORPD-100 | 60° @ 200° | 13.2 | 31.4 | 18.2 | 0.28% | Upthrown block | ||||||||
| 63.8 | 65.8 | 2.0 | 0.51% | |||||||||||
| 117.6 | 118.6 | 1.0 | 0.70% | |||||||||||
| 121.7 | 124.7 | 3.0 | 0.65% | |||||||||||
| 133.3 | 143.4 | 10.1 | 0.44% | |||||||||||
| ORPD-101 | 60° @ 200° | 154.9 | 158.9 | 4.0 | 3.6 | 0.72% | Top of Primary Structure | |||||||
| 289.3 | 299.1 | 9.8 | 0.27% | |||||||||||
| ORPD-102 | 60° @ 200° | 128.4 | 131.1 | 2.7 | 0.31% | Upthrown block | ||||||||
| 140.0 | 147.0 | 7.0 | 0.53% | |||||||||||
| 152.0 | 157.1 | 5.1 | 0.32% | |||||||||||
| 161.5 | 166.2 | 4.7 | 0.68% | |||||||||||
| ORPD-103 | 60° @ 200° | 99.6 | 106.5 | 6.9 | 0.54% | |||||||||
| 112.1 | 123.9 | 11.8 | 0.45% | |||||||||||
| 244.6 | 253.7 | 9.1 | 0.21% | |||||||||||
| 266.1 | 274.2 | 8.1 | 0.24% | |||||||||||
| ORPD-104 | 60° @ 200° | 213.8 | 219.0 | 5.2 | 0.67% | Upthrown block | ||||||||
| ORPD-105 | 60° @ 200° | 92.5 | 97.2 | 4.7 | 4.2 | 1.86% | Primary Structure | |||||||
| 157.7 | 165.9 | 8.2 | 7.4 | 1.54% | Primary Structure | |||||||||
| ORPD-106 | 60° @ 200° | 88.2 | 144.1 | 55.9 | 0.20% | |||||||||
| 181.3 | 206.7 | 25.4 | 0.29% | |||||||||||
| 258.3 | 259.3 | 1.0 | 0.9 | 0.86% | Top of Primary Structure | |||||||||
| 268.6 | 271.7 | 3.1 | 0.62% | |||||||||||
| ORPD-107 | 60° @ 200° | 97.3 | 98.5 | 1.2 | 1.1 | 1.52% | Top of Primary Structure | |||||||
| 100.5 | 103.6 | 3.1 | 0.39% | |||||||||||
| 138.4 | 139.2 | 6.9 | 6.2 | 1.11% | Primary Structure | |||||||||
| ORPD-108 | 60° @ 200° | 101.8 | 119.6 | 17.8 | 0.44% | |||||||||
| ORPD-109 | 60° @ 200° | 40.5 | 44.5 | 4.0 | 3.6 | 0.97% | Primary Structure | |||||||
| 78.3 | 93.2 | 14.9 | 0.36% | |||||||||||
| ORPD-110 | 60° @ 200° | 62.9 | 64.9 | 2.0 | 0.39% | |||||||||
| 137.6 | 146.9 | 9.3 | 8.4 | 0.79% | Primary Structure | |||||||||
| 158.3 | 161.3 | 3.0 | 2.7 | 1.50% | Top of Primary Structure | |||||||||
| ORPD-111 | 60° @ 200° | 6.9 | 11.3 | 4.4 | 4.0 | 0.55% | Primary Structure | |||||||
| 44.6 | 59.2 | 14.6 | 0.27% | |||||||||||
| 185.0 | 187.1 | 2.1 | 0.65% | |||||||||||
| 194.6 | 202.6 | 8.0 | 7.2 | 0.57% | Primary Structure | |||||||||
| 212.7 | 219.5 | 6.8 | 6.1 | 0.81% | Primary Structure | |||||||||
| ORPD-115 | 60° @ 200° | 110.3 | 114.5 | 4.2 | 0.58% | |||||||||
| 169.1 | 177.3 | 8.2 | 7.4 | 0.84% | Primary Structure | |||||||||
| ORPD-117 | 60° @ 200° | 233.3 | 248.0 | 14.7 | 13.2 | 0.69% | Primary Structure | |||||||
| ORPD-121 | 60° @ 200° | 139.0 | 219.6 | 80.6 | 0.26% | |||||||||
| 245.6 | 274.8 | 29.2 | 26.3 | 0.82% | Primary Structure |
| Notes: | |
| 1: A cut off grade of 0.20% tin has been used in the above table. | |
| 2: True widths for Replacement Structures not ascertained due to irregular shaped mineralized envelopes. | |
| 3: Figures shown in bold represent significant tin results of Width (m) x Grade (%) exceeding a value of 6 and having a grade exceeding 0.65% tin. | |
To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/eurotin_drillholes.pdf
Conclusion
Peter Miller, President & CEO, comments: "Drilling continues to add support to our long held belief that the Oropesa property hosts a large, open pittable, tin resource. In addition, a re-evaluation currently underway of the Oropesa geological model has indicated promising new targets, which will be drill tested in the months ahead."
Assay and QA/QC Methodology for Oropesa Drill Core
All core produced is taken daily from each drill site to the Company's secure facility in Fuente Obejuna, where it is logged by the Company's geologists. This process takes place under the supervision of Qualified Person Victor Guerrero Merino, Euro. Geol.
The core, usually of around one metre length, which is chosen by the Company's geologists for assaying, is then cut in half either at the Company's own facilities at Fuente Obejuna or at ALS Chemex's sample preparation facility in Seville in southern Spain.
At the ALS Chemex facility, the cut core is logged into the in house LIMS tracking system, after which each sample is prepared using procedure code 'Prep 31'. This procedure involves the drying, weighing and fine crushing to 70% passing -2mm. A 250g split of the crushed material is then pulverised to greater than 85% passing 75 microns. Samples are then shipped by bonded courier to Vancouver for analysis.
In Vancouver, ALS Chemex procedure ME-XRF10 is used for tin analysis and ME-ICP61 for multi-element (33) analysis. The ME-XRF10 procedure uses 0.9g of calcined sample pulp, which is mixed with 4.5g of lithium tetraborate and 4.5g of lithium metaborate. This mixture is then fused at 1,100°C to produce a flat molten disc, which is subsequently analysed by XRF spectrometry. ALS Chemex analyses its own standard samples and blanks, plus duplicates, within each set of samples provided by the Company. The Company has recently introduced its own blanks and standards as a further means of checking the accuracy of the assay results. One in every 15 samples analysed by ALS Chemex is then sent to SGS's laboratories in Cornwall, UK, for check assaying for tin. The Company keeps all its sample pulps and rejects in locked steel containers at its secure storage facility in Fuente Obejuna.
The Company recently completed a new check assay program using five certified laboratories. The pulp sample composites used had varying tin grades; the accuracy of the results obtained was within acceptable parameters.
Mr. Victor Guerrero Merino, an independent geological consultant and a Qualified Person pursuant to NI 43-101, has reviewed and approved the technical information in this news release on behalf of the Company.
Forward-Looking Statements
Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. In addition, this press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on expectations, estimates and projections as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements, general market conditions, and the uncertainty of access to additional capital; changes in the world-wide price of mineral commodities; general economic conditions; and changes in laws, rules and regulations applicable to the Company. In addition to being subject to a number of assumptions, forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements. The Company has no intention or obligation to update the forward-looking statements contained in this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
David Danziger
Director
(416) 626-6000
www.eurotin.ca