More drilling. nicely oversold, ready for a rally.
Press ReleaseSource: Esperanza Resources Corp.On Thursday May 19, 2011, 1:06 pm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2011) - Esperanza Resources Corp. (TSX VENTURE:EPZ - News; PINK SHEETS:ESPZF - News)is pleased to announce that drilling at its 100% owned Colqui Orccoproject has started. The drill plan includes 1,800 meters in 12diamond-drill core holes and may be expanded depending on results.
ColquiOrcco (Silver Hill) is a greenfields prospect in Cuzco Department,southern Peru, with concessions comprising of 700 hectares. Esperanzageologists discovered three steeply dipping quartz veins and brecciastructures up to 2.7 meters wide and totaling 2,500 meters in length.Channel samples of the veins yielded silver values up to 4,984 g/t Agand gold values of 1.3 g/t Au. The vein textures, metal ratios,anomalous geochemical indicators, and accompanying alteration are allsuggestive of the uppermost portion of a silver rich hydrothermalsystem. The targets are bonanza vein ore bodies at depth.
More information on Colqui Orcco and our Peru exploration program can be found on Esperanza's website at: https://www.epzresources.com/newproject_perumap.php
