HILTON HEAD, S.C., Nov. 1, 2011
/PRNewswire/ -- Silver Scott Mines, Inc. (OTC: SILS.pk) is
pleased to announce the following recently received drill assay
sample results from the Carmen Project located near Moctezuma, Sonora Mexico. The company's
two concessions control approximately 1500 hectares of land
covering the Carmen mine site. A total of 422 meters of small
air track type drilling was recently completed in a 33 drill hole
shallow drill program.
Drilling Results Highlights
(Au equivalent calculated in g/t at 60:1)
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VCB-7 9 m with
0.66 g Au/t and 59 g Ag/t or 1.64 g Au
equiv./t.
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VCB-10 18 m with 0.42 g
Au/t and 43 g Ag/t or 1.14 g Au equiv./t.
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VCB-13 10.5 m with 0.36 g
Au/t and 10.3 g Ag/t or 0.53 g Au equiv./t ending in 0.65 g
Au/t.
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VCB-14 4.5 m with 0.29 g
Au/t and 31.0 g Ag/t, or 0.83 g Au equiv./t, ending in 0.60 g
Au/t
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VCB-16 15 m with 0.35 g
Au/t and 43 g Ag/t,, or 1.07 g Au equiv.
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VCB-20 9 m with
0.54 g Au/t and 15.7 g Ag/t, or 0.80 g Au equiv.
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VCB-27 9 m with
0.76 g Au/t and 15 g Ag/t or 1.01 g Au equiv., ending in 0.85
g Au/t
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VCB-29 8 m with 0.78 g
Au/t and 244 g Ag/t, or 4.85 g Au equiv., ending in 0.66 g
Au/t.
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VCB-30 18 m with 0.94 g
Au/t and 87 g Ag/t, or 2.39 g Au equiv.
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VCB-32 21.0 m with 1.24 g
Au/t and 269.1 g Ag/t or 5.72 g Au equiv./t
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VCB-33 7.5 m with 0.55 g
Au/t and 139.2 g Ag/t, or 2.87 g Au equiv./t
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Reported intercept lengths are considered to near true widths
with near vertical drill holes. Drill holes 14, 16 and 29 through
35 were drilled at 60 degrees from horizontal and thus have true
widths of about 86 percent of reported lengths cutting across a
nearly horizontal body.
Drill holes 11 and 15 were lost without recovery. Three
drill holes of four completed in the south road cut did not
intersect significant values, while VCB-22 of that group cut, in
the top 6 meters, 0.29 g Au/t with 5 g Ag/t. Another nine
drill holes ended at shallow depths unable to penetrate capping of
broken volcanics above the target zone, but intersected anomalous
values of gold and silver in this cap.
Historically, the mine site previously was explored by Geomaque
who completed in 1997 six percussion drill holes in the mineralized
zone where evidence of older tunnel work consists of three adits of
short length. Mineralization occurs as a low to intermediate
sulfidation where silver-gold is accompanied by lead and
zinc. The mineralized body is defined as a nearly flat lying 22
meter thick body of pyritized and silicified breccias in dacite
following a low angle fault zone. Those earlier 6 downhole
hammer percussion drill holes are located within a 200 meter long
by 100 meter wide outcrop zone. Lead, zinc, and irregular
copper also occur within the zone. Historic intercepts in
vertical drill holes include ATC-3 with 21 m of 1.013 g Au/t 74 g
Ag/t (Au equiv. 2.25 g/t), ACT-4 with 22 m 0.405 g Au/t and 32 g
Ag/t (Au equiv. 0.934 g/t), and ACT-5 with 22 m 0.314 g Au/t, and
48 g Ag/t (Au equiv. 1.114 g/t.).
The current drilling was completed with a normal percussion air
track drill capable of 30 meters depth with above ground
percussion. Several of the drill holes were lost and others
were not completed to targeted depths stopping short of cutting the
mineralized zone identified by previous drilling. Future
drilling will utilize deeper penetrating reverse circulation
equipment to more fully explore the mineral potential.
The nearest mines are the following: located 40 kms to the south
is the closed Lampazos silver mine
operated by Frisco Mining from 1975 through 1995 (25 million oz
Ag); 100 km to the north is the open pit copper mine of
La Caridad operated by Grupo
Mexico; and to the northwest about 70 km is the Santa Elena Mine
newly started by Silvercrest.
Analyses were delivered to Laboratorio Technologico Metalurgico
SA de CV (LTM) in Hermosillo, Sonora
Mexico for standard preparation and 1 assay ton standard
fire assay followed by atomic absorption finish. Standards of
gold and silver content were inserted in the group of samples with
blanks and duplicates. The LTM metallurgical laboratory,
although uncertified by lacking a NI-43-101 required QP, the lab is
operated by experienced and qualified Hector Diaz, a former 17 year professor at
University of Sonora with professional experience in heap
leach operating mines. He also conducts teaching seminars
relating to metallurgy in heap leaching operations and also has
associated publications.
Mel Herdrick, Chief Geologist for
the company commented, "We expect to find additional favorable
results from Carmen as which will continue to expand the
mineralized zone. We can trace the mineralized zone over a
rectangular area of 100 meters width and 300 meters length and
expect that this mineralization can be more fully defined. Our
goal, in line with our overall corporate strategy, is to explore,
define, and initiate production of gold and silver by heap leach
mine processing and continue to expand with operation."
For further information please contact:
John Ryan
Silver Scott Mines, Inc.
843-290-8930
Or
Mark A. Fralich
Silver Scott Investor Relations
509-928-7604
The source of this news release is Silver Scott Mines, Inc.
This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities and Exchange
Act of 1933, as amended, and Section 21E of the Securities and
Exchange Act of 1934, as amended, which are intended to be covered
by the safe harbors created thereby. Investors are cautioned that
all forward-looking statements involve risks and uncertainties and
therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be
accurate.
SOURCE Silver Scott Mines, Inc.