News - Los Verdes Molybdenum ResourceTSX Venture Exchange Symbol: VGM Shares Outstanding: 58,346,540 TORONTO, Dec. 18 /CNW Telbec/ - Virgin Metals Inc. ("Virgin Metals") (TSX-V: VGM) announces they have received from Chlumsky Armbrust and Meyer LLC an updated resource calculation for Virgin Metals' wholly owned Los Verdes property in Sonora, northern Mexico. The report in which this estimate is contained, which has been prepared to the standards of National Instrument 43-101, will be filed on Sedar. The qualified persons responsible for the report are Robert Sandefur, geostatistician and Fred Barnard, geologist, of Chlumsky, Armbrust and Meyer, LLC in Lakewood, Colorado. The resource is based entirely on the results of Virgin Metal's recent 40 hole drill program, of which 30 were drilled within the previously-defined mineralized zone. It was modeled by both inverse distance squared and kriging methodologies and at a range of molybdenum, copper and combined cut off grades. Both methodologies produced similar results. A block size of 5mx5mx5m was used and a search radius of 100m, as indicated by both copper and molybdenum variograms. Resources are classified Measured if they fall within 20 metres of a sample point and Indicated if they lie within 65 metres of a sample point; these distances were derived from the omnidirectional variogram of all molybdenum composites. The following tabulation represents the resource as calculated by the kriging method at a cut off grade of either 0.04% molybdenum or its approximate economic equivalent, 0.32 % copper. The tungsten values calculated are the contained tungsten using the reported molybdenum or copper cutoff; no tungsten cutoff was applied to blocks.