Marifil Mines Announces New Gold Discoveries at San Roque

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[{"type":"text","content":"Marifil Mines Announces New Gold Discoveries at San Roque\n\n\n\nMarifil Mines Announces New Gold Discoveries at San Roque\n\nSpokane, WA US, October 16, 2008 /FSC/ - Marifil Mines Ltd. (MFM - TSX Venture, MFMLF - OTCBB_Pink_Sheets), is pleased to announce that additional surface exploration reveals a number of new gold targets at San Roque, Rio Negro Province, Argentina.\n\nThe new gold targets include the Northeast Vein which averages two meters in width and is traceable for 300 meters along strike before disappearing under younger volcanics. This vein contains values that include 0.8 m grading 35.7 g/t gold and >200 g/t silver; 0.5 m grading 11.2 g/t gold and 148 g/t silver; 0.5 m grading 8.53 g/t gold and 0.8 g/t silver; and 0.5m grading 4.49 g/t gold and >200 g/t silver.\n\nA nearby exposed siliceous stockwork system in a small outcrop contains values of 3.5 g/t gold and >200 g/t silver and 12.42 g/t gold and 154.6 g/t silver, respectively.\n\nNearly all of these samples contain highly anomalous amounts of base metals.\n\nThe significance of these gold-base metal samples is that it greatly increases the size of the underlying gold-silver-base metal bulk tonnage deposit. The ore target, which has been tested by more than 60 drill holes, now measures 4,500 m in a north-south direction and 4,000 m in an east-west direction. An induced polarization (IP) anomaly covers nearly all of this area. \n\nRichard Walters, V.P. Marifil, offered some perspective on the magnitude of the sulphide system at San Roque, saying: \"The distinctive I.P. anomaly mirrors a suspected volcanic caldera about three and a half kilometres in diameter and, when calculated to a depth of 100 meters, would represent about two and a half billion tonnes of mineralized material, putting it on a scale of Gold Corp's Penasquito deposit in Mexico. The relatively few holes we have in this vast area have not defined the lower limits of mineralization.\" \n\nFor further information on the Company and its projects, please refer to Marifil's website: www.marifilmines.com. \n\nFor Further Information Contact:\n\nHead Office:\nJohn Hite, President \nPhone: 509.466.1505 \nEmail: [email protected] \nWebsite: www.marifilmines.com \n\nInvestor Relations:\nJim Glass, Ascenta Capital Partners Inc.\nPhone: 604.684.4743 ext. 225\nToll Free: 1.866.684.4743 ext. 225\nEmail: ji...

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