New Drill Results from K-2 Potash Project Define a +200 Square KM Potash Target

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[{"type":"text","content":"New Drill Results from K-2 Potash Project Define a +200 Square KM Potash Target\n\n\n\nNew Drill Results from K-2 Potash Project Define a +200 Square KM Potash Target\n\nNI 43-101 Report Completed\n\nSpokane, WA US, July 22, 2008 /FSC/ - Marifil Mines Ltd. (MFM - TSX Venture, MFMLF - OTCBB_Pink_Sheets), announces that the latest drill results indicate a more than 200 square kilometre potash target on the K-2 project. Additionally, the company is pleased to announce the completion of an NI 43-101 report on the same project. This 99,964.9 hectare property is located in the Neuquen Basin in Argentina and is 100% owned by Marifil.\n\nThe primary down-hole tool for measuring the presence of potash is a gamma ray log which directly detects potassium salts in great detail. Complimentary information in support of these logs include: well diameter, density, resistivity, induction and neutron logs. \n\nCompany geologists have completed gamma ray and electric log analyses of two additional drill holes on the property and both contain important amounts of potash. Hole YPF Quilimalal X-1 contains 7.70 meters grading 14.45% potash (K2O) followed by 1.6 m grading 15.0% K2O between a depth of 1,280.3 m and a depth of 1,291.6 m. Hole YPF Pasa Hacha X-1 contains 3.1 m grading 11.35% K2O followed by 1.0 meters grading 13% K2O between 1,494.8 m and 1501.1 m in depth.\n\nThe two holes reported above, along with the two holes reported in the Marifil news release dated July 7, 2008, define an area 18 kilometers long in a north-south direction and 13 kilometers wide in an east-west direction. All four holes show excellent stratigraphic correlations with each other. \n\nPrior work by other companies in the Neuquen Basin determined that the southern margin of the evaporite basin was located north of the Marifil property. However, recent work by Marifil geologists shows that the evaporite basin continues to the south. Marifil's claims cover this new discovery.\n\n\"This discovery is based on careful analysis of oil well logs and structural analysis\" commented Mr. John Hite, President of Marifil Mines. \"Since the oil wells are located to test deeper oil targets they are essentially random with respect to the location of the shallower K2O target. This means that we may not have yet tested the thicker and richer portions along the axis of this basin. Furth...

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