August 18, 2008
Mexoro Minerals Adds Second Drill Rig to Its Cieneguita Project in Mexico
CHIHUAHUA, Mexico, Aug. 18 /PRNewswire-FirstCall/ -- Mexoro Minerals Ltd. Adds Second Drill Rig To Its Cieneguita Project. (BULLETIN BOARD: MXOM) (Frankfurt: OYA1).
Mexoro Minerals Ltd. is pleased to announce that it is adding a second drill rig to its Cieneguita Project located in Chihuahua, Mexico. The current drill rig is now drilling to the west of the known limits of the mineralized zone and is finding significant intersection of mineralized rock similar to drill holes CI-29 CI-30 CI-34 and CI-35. Assay results are pending on these recent drill holes drilled outside the known limits of mineralization. The second drill rig will begin infill drilling on 40 meter spacing so that a resource estimate compliant to NI 43-101 can be made as soon as possible.
For a complete assay table and maps of Cieneguita, please visit our website at http://www.mexoro.com/.
Barry Quiroz, VP Exploration states, "Current drilling seems to indicate that the center of the mineralized system is in the area of CI-30, CI-34 and CI-35. Recent drilling suggests that the flow of fluids was from this center of the system to the east ending near Pit 1. The new drill holes to the west appear to be finding that there was also a flow of fluids that were depositing mineralization in the westerly direction. Recent drilling on 80 meter spacing has not defined the western edge of the known mineralization yet, which implies that the mineralized zone may be much larger than first anticipated."
These results have been prepared under the supervision of Barry Quiroz, MSc., Mexoro VP of Exploration. He has the expertise and authority to verify the authenticity and validity of this data. The qualified person who has reviewed this news release is Dana C. Durgin, MSc., Economic Geology. He is a Certified Professional Geologist (CPG #10364) with the American Institute of Professional Geologists, and a Registered Professional Geologist in Wyoming (PG-2886).
Mexoro Minerals Ltd., is an exploration company focused on exploring for precious metals in the traditionally mineral rich Sierra Madre region of Chihuahua, Mexico which controls three historical gold-silver mines for which additional exploration has confirmed significant mineral potential. The Company also has claims on additional properties, in the state of Chihuahua.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates,""believes,""estimates,""expects,""plans,""intends,""potential" and similar expressions. The Company believes that these drill results are providing the support which shows that Cieneguita could be a major deposit in the region and that recent drilling on 80 meter spacing has not yet defined the western edge of the known mineralization, which implies that the mineralized zone may be much larger than first anticipated. Furthermore, the Company believes that it is finding significant intersections of mineralized rock similar to drill holes CI-29 CI-30 CI-34 and CI-35. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
Corporate Headquarters Mexoro Minerals Ltd. C. General Retana #706 Col. San Felipe, C.P. 31203 Chihuahua, Chih., Mx Investor Relations +1 (613) 224-4646
Mexoro Minerals Ltd.
CONTACT: Investor Relations of Mexoro Minerals Ltd., +1-613-224-4646
Web site: http://www.mexoro.com/