RE: Cerro Colorado results ...Compadres ...
Here is tgher beginning of the NR:
"... VANCOUVER, BRITISH COLUMBIA, Jun 26, 2008 (Marketwire via COMTEX News Network) --
EXMIN Resources Inc. (EXMIN) (TSX VENTURE:EXM) is pleased to announce that assay results have been received for the nine holes of the diamond drill program at the Cerro Colorado target, Urique project. Most of the holes intersected interesting precious metals values. Hole UCC-08-8 cut 4.6 metres with 0.98 grams per metric ton (g/t) gold and 162.2 g/t silver within a wider 9.2 metre interval with 0.51 g/t gold and 96.5 g/t silver (see table of assays below).
The drill program was completed in early May for a total of 1,706.2 metres of core in eleven holes (see Yale News Release of May 9, 2008). Nine of the holes tested the Cerro Colorado target area for a total of 1,363 metres, and two holes totalling 343 metres were drilled at the San Pedro target. EXMIN was the operator of the program, and utilized the core rig that was acquired by Globexplore Drilling and Exploration of Hermosillo, under an agreement for drilling services announced in a News Release of December 7, 2006.
Dr. Craig Gibson, Co-Founding Executive Vice President of Exploration for EXMIN, stated, "We have an important mineralized system at Cerro Colorado. These drill results are distributed over approximately 2 kilometres of strike length along the main structure. Several holes cut significant intervals of 2 to 6 ounce per ton silver equivalent, suggesting that there is potential to delineate a bulk tonnage silver-gold deposit. It is important that the best intercept, in hole UCC-08-8, tested the area between known surface occurrences at El Vergel and Mina Guadalupe, and that this is one of the deeper intercepts."
Cerro Colorado Target
The Cerro Colorado target is in the northern portion of the Urique project, and consists of a 2.5 kilometre long mineralized structural zone. Three areas of mineralization with past mining activity have been identified along the main structure, at El Vergel, Mina Guadalupe, and La Minitas (Ampliacion Guadalupe). Mapping and trenching revealed wide zones of silver-gold mineralization along the surface trace of the structure (see Yale News Release of February 15, 2007).
The drill program tested the structure over approximately 2 kilometres of strike length, at vertical depths ranging from 10 to approximately 150 metres. The structure appears to be widest in the north near the El Vergel mine (holes 1,2,7, and 8). To the south, the structure appears to be more restricted in width but with generally higher gold values (holes 3, 4, 5, and 9). Please see www.exmin.com for maps and sections from the Urique project. ... "
Should be material but maybe not the knockout the market wanted.
Long YLL and go, go La Verde!
Mucho saludos!
Dorinho