NEWS...........................Plexmar Inc.: Sampling Returns Up to 304 g/t Au Over 2 M
NEWS RELEASE TRANSMITTED BY CCNMATTHEWS
PLEXMAR RESOURCES INC.
March 2, 2006 - 14:46:10 ET
Plexmar Inc.: Sampling Returns Up to 304 g/t Au Over 2 M
QUEBEC CITY, QUEBEC--(CCNMatthews - March 2, 2006) - Plexmar Resources Inc.
(TSX VENTURE:PLE), announces that recent sampling on the Bolsa del Diablo
property returned gold values of up to 304 g/t Au in a 2m vein channel sample
and up to 23.2 g/t Au in altered volcanic rocks.
"The high gold values in the veins are interesting but the gold values in the
altered volcanic rocks indicate the potential to find a large tonnage low
grade deposit." says Guy Bedard, president
Geologists believe that a structural corridor oriented NE-SW runs across the
project is associated with the gold values. This corridor contains three types
of gold mineralization, vein type, and two main types of volcanic alterations,
highly silicified stockwork possibly representing silica caps and highly
argillic alterations with limonite.
VEINS
Channel samples with values of up to 304 g/t Au were taken in veins from 6
pits excavated by local miners. The pits are contained within an area
measuring 115,000 sq.m. where hundreds of pits are present. The 6 pits sampled
have an average depth of 19 meters and a total of 52 channel samples were
taken every 2 vertical meters. Values range from 0.28 g/t up to 304 g/t with
an average value of 3.81 g/t Au.(after removing the 304 g/t sample)
92 channel samples were taken from other veins, distributed over an area of 2
km x 6 km, returned values ranging from 0.0023 to 40.2 g/t Au with an average
of 6.31 g/t Au. The veins range from 0.10m to 3.0m in width.
VOLCANIC ROCKS
20 samples of highly silicified stockwork and argillically altered with
limonite volcanic rock showing silica and disseminated sulphides were taken.
Values range from background to 23.5 g/t Au (in silicified stockwork) with an
average of 2.23 g/t Au. Theses samples were taken within an area covering 5 Km
x 2 Km.
Geologists believe they have defined an area of highly silicified stockwork
volcanics, possibly indicating a silica cap measuring 0.5 km x 0.6 km located
in the Northeast corner of the Angolos concession. Samples were taken and
results are pending.
These results show that gold occurs in three types of emplacement mechanism
within the inferred structural corridor. The relationship between these types
of mineralization and spatial occurrences have not yet been defined. However,
they indicate the potential for a large mineralizing event that could lead to
the discovery of a large tonnage low grade deposit.
Exploration work will now focus on the highly altered volcanic rocks
recognized within an area measuring 6km x 2km. Systematic sampling, mapping
and trenching will be carried out.
Results from 120 samples, mostly taken from volcanic rocks, are pending and
will be released as soon as available. Detailed maps are being prepared and
will be posted on the Company's website after data compilation and
interpretation.
All samples are analyzed by ALS Chemex in Lima. Martin St-Pierre acted as the
QP for the preparation of this news release.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
82 M shares outstanding
FOR FURTHER INFORMATION PLEASE CONTACT:
Paradox Public Relations 1-866-460-0408 (514) 341-0408
www.plexmar.com/
Notes:
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