SAMEX Mining Corp.: Titan 24 Geophysical Survey Underway-Los Zorros District, Chile
26 Janvier 2011 - 9:21PM
Marketwired
SAMEX (TSX VENTURE: SXG)(OTCBB: SMXMF) has commenced a substantial
geophysical survey over portions of the Los Zorros district in
Chile. The survey is being conducted by Quantec Geoscience
utilizing their propriety Titan 24 technology. The Titan 24
Magnetotellurics and IP/Resistivity survey is a deep-earth-imaging
technology system for detecting conductive mineralization,
disseminated mineralization, alteration, structure and geology
which can help target and direct exploration drilling to depth.
Data from the Titan 24 survey will be correlated with data from
earlier exploration and current drilling to help guide ongoing
exploration throughout the extensive Los Zorros gold district.
The program, which includes five survey lines totaling over 20
line-kilometers, has just begun and is expected to include several
weeks of field-data collection followed by four to six weeks of
data-modeling and interpretation. SAMEX President, Jeff Dahl said;
"This is the first time we've conducted a geophysical survey of
this nature in the Los Zorros district and we're excited to see
what this deep-imaging technology will reveal. This program will
enable us to incorporate our earlier exploration data into the
modeling process which may be very helpful in expediting
discoveries within this prolifically mineralized district."
SAMEX is conducting a multi-project, multi-faceted exploration
program at its large, wholly owned, Los Zorros property holdings in
Chile. Thus far in the current program, three holes have been
drilled in the Cinchado project area, one deep hole (greater than
800 meters) in Milagro Pampa project area, and two holes (one still
in progress) in the Milagro project area. Core logging and assaying
are continuing and will be integrated with data from the Titan 24
survey in order to direct further drilling in these project areas.
SAMEX recently secured major funding which has facilitated a
significant expansion and extension of the exploration programs on
its various projects in the Los Zorros gold district.
Jeffrey Dahl, President
This News Release includes certain "forward looking statements".
Without limitation, statements regarding potential mineralization
and resources, exploration results, and future plans and objectives
of the Company are forward-looking statements that involve various
risks. Actual results could differ materially from those projected
as a result of the following factors, among others: risks inherent
in mineral exploration; risks associated with development,
construction and mining operations; the uncertainty of future
profitability and uncertainty of access to additional capital.
The TSX Venture Exchange has neither approved nor disapproved of
the information contained herein.
Contacts: SAMEX Mining Corp. Jeffrey Dahl President (604)
870-9920 or Toll Free: 1-800-828-1488 (604) 870-9930 (FAX)
2samex@samex.com www.samex.com
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