Zaruma Resources: Technical Report on Initial Gold Resource Estimate
at San Antonio (Mexico) Filed
Toronto, Ontario, September 8, 2004; Zaruma Resources Inc. (TSX-ZMR) reported that the Company has filed with SEDAR, (http://www.sedar.com), the technical report on the initial resource estimate of the gold mineralization found on the Company’s 100% owned San Antonio property, Sonora State, Mexico, by Micon International Limited, Qualified Persons: Reno Pressacco, M.Sc (A), P.Geo., and by Eugene Puritch B.Sc., P.Eng. The report is also posted on Zaruma’s web site, (http://www.zaruma.com).
As previously reported, the initial resource estimate in accordance with NI 43-101 standards, includes 300,000 ounces of gold occurring in closely spaced, open ended breccia bodies, over a strike length of 700 metres along the Realito structure.
The Company expects that further drilling along the open ends of the breccia bodies, and at a gold mineralized IP target between two of the drilled bodies, will continue to increase the reported gold resources in the Realito structure.
In addition to the gold project at San Antonio, there is the 100% owned Luz del Cobre copper deposit, which includes an estimated 6.6 million tonnes of 0.76% Cu. Zaruma also owns the El Foco Project in Venezuela, where assays from recent extension drilling on the Alcaravan project are pending, and are expected to add to the previously reported 735,000 tonnes, open-pit, heap leachable, 2.39 g/t Au indicated resource estimated by Qualified Person Velasquez Spring of Watts, Griffis and McOuat Limited.
Zaruma Resources Inc. is a mineral exploration company listed on the Toronto and Frankfurt Stock Exchanges (symbol: ZMR). Common shares outstanding: 54,746,065.
For further information, please contact:
Zaruma Resources Inc.
20 Toronto Street,12th Floor, Toronto ON, M5C 2B8, Canada
Fax: 416 367 3638, info@zaruma.com, http://www.zaruma.com