Malbex Resources Inc TSXV:MBG announced drill results from its Del Carmen Project in San Juan Province, Argentina. Assays include 1.41 g/t gold and 3.2 g/t silver over 49 metres (including 7.08 g/t gold and 11.6 g/t silver over 8 metres), 0.41 g/t gold and 8.78 g/t silver over 22 metres, 0.9 g/t gold and 13.25 g/t silver over 24 metres, and 0.77 g/t gold and 9.3 g/t silver over 86 metres.
President/CEO Tim Warman stated, “As our drilling program continues to expand the Rojo Grande mineralization, we’re encouraged by its continuity, generally shallow depth and strong gold recovery shown in preliminary metallurgical testing. Additionally, today’s results show the potential for higher grade zones. While we still need to demonstrate an economic resource through more drilling, Rojo Grande is beginning to show potential for a low-cost open-pit, heap leach mining scenario.”
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or Marla Gale
VP Investor Relations
by Ted Niles