Marifil Mines' JV Partner Discovers High Grade Nickel-Copper Gossan with 6.71% Copper and 2.21% Nickel

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[{"type":"text","content":"Marifil Mines' JV Partner Discovers High Grade Nickel-Copper Gossan with 6.71% Copper and 2.21% Nickel\n\n\n\nMarifil Mines' JV Partner Discovers High Grade Nickel-Copper Gossan with 6.71% Copper and 2.21% Nickel \n\nSpokane, WA US, May 12, 2008 /FSC/ - Marifil Mines Ltd. (MFM - TSX Venture, MFMLF - OTCBB_Pink_Sheets), is pleased to announce its JV partner, Castillian Resources Corporation (TSXV: CT), has received assays from a sample of a high grade gossan occurrence located approximately 6.5 kilometres north-northeast of the Las Aguilas deposits in Argentina. Castillian is presently drilling to expand the deposits at both Las Aguilas and San Luis (Figure 1) and has now completed a 3,569 line kilometre VTEM airborne EM and magnetic survey on both projects (Figure 2).\n\nA grab sample taken from an outcrop of the new gossan (EF-2) contained 6.71% copper, 2.21% nickel and 0.21% cobalt.  The sample was collected by a prospector during recent airborne follow up and was the only sample collected at the site during the initial traverse.  The mineralization is weathered and includes malachite, azurite and annabergite, also called nickel bloom, and iron oxides (hematite, magnetite and goethite).  Mineralization occurs within a pyroxenitic intrusive rock which is a key host rock for the known nickel mineralization in the area.  \n\nThe surface exposure of this occurrence measures 50 metres long and approximately 20 metres wide before it is covered by overburden.  Systematic sampling of this gossan is in progress along with a moving loop ground electromagnetic (EM) survey in preparation for drilling.  EF-2 is located 700 metres north of the El Fierro gossan and is hosted within the same mafic and ultramafic intrusion.  The El Fierro occurrence has been trenched in the past and outcrops as a 70 metre long gossan in pyroxenite and gabbro with a best analytical result of 0.5% nickel and 0.22% copper from the highly weathered surface material. \n\nA series of high priority Versatile Time-Domain Electromagnetic (VTEM) EM conductors from the just completed airborne survey extends north from this showing for approximately 400 metres (Figure 3).  Drilling is expected to commence within the next month upon completion of the ground EM survey and acquisition of applicab...

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