Welcome!

News Feed Item

Sundance Minerals Drills 2.3 Meters @ 23.1g/t Gold and 4.5 Meters @ 100.4g/t Silver at San Ricardo Gold-Silver Project, Sonora, Mexico

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/07/12 -- Sundance Minerals Ltd. ("Sundance" or the "Company") is pleased to announce that it has completed the Phase 1 diamond drilling program at the San Ricardo property in Sonora, Mexico. Twelve holes were drilled along a 200 meter strike length of the Santa Cruz fault/vein target and two additional holes (SR12-12&13) were drilled on the Mina Antigua vein. Results are detailed in the following table.


---------------------------------------------------------------------------
                                                 TRUE                      
                FROM         TO                 WIDTH         Au         Ag
HOLE              (m)        (m)  INTERVAL         (m)      (g/t)      (g/t)
---------------------------------------------------------------------------
Santa Cruz and Intermedia Veins (gold)                                     
---------------------------------------------------------------------------
SR12-1            NA                                                       
---------------------------------------------------------------------------
SR12-2            NA                                                       
---------------------------------------------------------------------------
SR12-3            NA                                                       
---------------------------------------------------------------------------
SR12-4          31.8       34.4        2.6        2.3       23.1           
---------------------------------------------------------------------------
including       31.8       33.2        1.4        1.1       39.0           
---------------------------------------------------------------------------
SR12-5          30.4       33.0        2.6        2.5       3.67           
---------------------------------------------------------------------------
including       30.4       31.5        1.1        1.1       7.29           
---------------------------------------------------------------------------
SR12-6          30.6       31.7        1.1        1.1       13.4           
---------------------------------------------------------------------------
SR12-7            51         53        2.0        1.1       0.42           
---------------------------------------------------------------------------
and               59         64        5.0        2.9       0.42           
---------------------------------------------------------------------------
SR12-8            23         33       10.0        7.6       1.84           
---------------------------------------------------------------------------
including         26         29        3.0        2.3       3.77           
---------------------------------------------------------------------------
SR12-9            59         64        5.0        2.7       0.24           
---------------------------------------------------------------------------
and               68         69        1.0        0.6       1.55           
---------------------------------------------------------------------------
bottoms           71         72        1.0        0.6       0.48           
---------------------------------------------------------------------------
SR12-10           50         59        9.0        7.2       0.38           
---------------------------------------------------------------------------
SR12-11           27         30        3.0        2.7       1.73           
---------------------------------------------------------------------------
Including         28         29        1.0        0.9       4.02           
---------------------------------------------------------------------------
SR12-14           NA                          Re-drill of SR12-1           
---------------------------------------------------------------------------
Mina Antigua Vein (gold-silver)                                            
---------------------------------------------------------------------------
SR12-12           27         34        7.0        5.6       0.42       51.7
---------------------------------------------------------------------------
SR12-13           28         33        5.0        4.5       0.39      100.4
---------------------------------------------------------------------------
including         31         32        1.0        0.9       0.83      378.0
---------------------------------------------------------------------------
NA=No significant intervals

Dr. Chris Osterman, President and CEO of Sundance, stated, "That these encouraging drill results have corroborated our underground sampling and the primary silver grades in the Mina Antigua holes will add another dimension to the project."

THE PROPERTY:

The total Property area covers 38,100 hectares in northern Sonora State. The region hosts large Cu-Mo porphyry deposits, such as Cananea and Creston, and a number of mesothermal and epithermal gold-silver deposits, including the San Francisco (Timmins Gold), Mercedes (Yamana Gold) and Santa Elena (Silver Crest Mines). Excellent road access provides year-round exploration (http://www.sundanceminerals.com/s/San_Ricardo.asp).

SUNDANCE-PAGET MINERALS AGREEMENT:

Sundance has an agreement with Paget Minerals (Paget), wherein Paget has an exclusive right to earn an initial 51% interest by incurring US$500,000 in exploration expenditures by the first anniversary of the closing date and an additional US$5M by the fourth anniversary of the closing date. Paget also retains an exclusive right to earn an additional 9% by funding a pre-feasibility study in the three-year period following the 51% earn-in date.

Sundance will be the operator during the first 12 months employing its established technical and logistical support team in Mexico. The operator in the ensuing years will be determined by Paget.

Quality Control:

Geochemical samples are collected in accordance with accepted industry standards and best practices. Samples were submitted to Skyline Assayers and Laboratories, Tucson, Arizona, for fire assay. Gold and silver are analyzed by 30gm fire assay. As standard procedure, Sundance conducts routine quality-assurance and quality-control analysis on all assay results, including the systematic utilization of certified reference materials.

Qualified Person

Dr. Chris Osterman, Board Registered Professional Geologist, is the Company's Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical information in this news release.

About Sundance:

Sundance Minerals is an exploration company currently focusing on precious and base metal projects in Mexico and the United States. Our mission is to create and sustain shareholder value by developing a balanced portfolio of exploration targets in known districts. Sundance has a portfolio of 14 properties in Mexico and one in Nevada, most of which are available for joint venture. Technical information including geology, geochemistry, and geophysics is available for all of them. Five out of the 15 properties have historic drill holes. Leading properties are Miranda and San Ricardo gold projects in Sonora, Los Tamales (Cu) in Sonora, as well as Geranio and Lachatao gold projects in the Natividad mining district in Oaxaca, Mexico.

For further information on Sundance Minerals Ltd. please visit our website www.sundanceminerals.com.

Forward-Looking Statement:

Certain statements in this News Release constitute "forward-looking statements" that reflect the Company's current expectations and projections about its future results. Information concerning the interpretation of exploration results may also be considered forward-looking statements as such information constitutes a prediction of what mineralization might be found to be present if and when a project is actually developed. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the continued participation of Paget in the San Ricardo project, the need to obtain additional financing to maintain its interest in and/or explore and develop the Company's other mineral projects; uncertainty of meeting anticipated program milestones for the Company's mineral projects; and other factors of the mineral exploration industry more fully described in the Company's Management Discussion & Analysis of Financial Position and Results of Operations, which is available on SEDAR at www.sedar.com. The assumptions made in developing the forward-looking statements include the following: the accuracy of interpretations of exploration results; the continued participation of Paget in the San Ricardo project, and the availability of equipment and qualified personnel to advance the San Ricardo project. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
"Tintri focuses on the Ops side of the DevOps, which basically is pushing more and more of the accessibility of the infrastructure to the developers and trying to get behind the scenes," explained Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.