Mexoro Minerals is pleased to announce that it continues exploratory and infill drilling at its Cieneguita project located in Chihuahua, Mexico. To date, a total of 94 holes have been drilled with an additional 5,000 meters of drilling still to be completed. Of the 91 holes drilled, Mexoro is still waiting for the assay results of 37 of those holes from ALS Chemex. As well, Delve Consulting is preparing a NI 43-101 compliant report updating the information released in August 2008. This report will contain the results from 54 holes and will be updated again when the drill program has been completed. The report from Delve Consulting is expected to be finished in early December 2008.
Barry Quiroz, President says, “The alteration and mineralization assemblages observed in the drill cores from the additional 42 holes completed to date seems to confirm the lateral continuity and depth extent of the main mineralization of the system. We are anxiously waiting for the assay results to ensure that our in-house mineralization model is working to delineate a gold-silver deposit with significant lead and zinc component. We are pleased with the size of the initial resource estimate, especially since it does not include most of the holes from the infill drilling program collared in and around the higher grade areas.
Reconnaissance-style exploration and a detailed mapping and sampling program of the Piedras Blancas area, 500 meters to the south of the Cieneguita project, are currently in progress, aimed to identify additional drilling targets within Mexoro’s concessions. Recent geological mapping continues to show intense and extensive alteration and quartz veins stockworked areas, where gold anomalies varying from 0.28 and 4.01 g/t Au. Drilling targets and drilling program are expected to be ready during second quarter 2009.