Mexoro Minerals Ltd.
Mexoro Minerals Intersects High Grade Mineralization at Its Cieneguita Project, Mexico
Mexoro Minerals Ltd. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Results Including 94 Meters of 1.21 g/t Au, 79.81 g/t Ag, 0.78% Pb and 1.19% Zn Chihuahua, Mexico – July 28, 2008 – Mexoro Minerals Ltd. Intersects High Grade Mineralization At Its Cieneguita Project. (MXOM.OB) (Frankfurt: OYA1). Mexoro Minerals Ltd. is pleased to announce assay results from three additional drill holes at its Cieneguita Project. Mexoro Minerals continues drilling at its Cieneguita project with great success. To date, 42 holes have been completed with assay results back from 33 drill holes. The new assays reported today include drill holes CI-30, CI-33 and CI-35. Drill hole CI-33 has not intersected economic mineralization as it was drilled outside the known limit of the economic mineralization trying to extend the zone to the northwest. Drill holes CI-30 and CI-35 (drilled 80 meters to the south east of CI-30) have confirmed the presence of a gold zone and have significantly expanded the deposit at depth encountering Au-Ag + (Pb-Zn). The current drill program continues to intersect high grade mineralization both along strike and at depth. Drilling continues at this project to help better understand this mineralized system and to test its depth potential. . The results from holes C-30 includes from 0 to 94.0 meters for a total of 94 meters containing 1.21 g/t Au, 79.81 g/t Ag, 0.78% Pb and 1.19% Zn. Hole CI-35 includes from 0 to 31.0 meters for an interval of 31 meters containing 1.72 g/t Au, 67.36 g/t AG, 0.56% Pb and 0.72% Zn. Results for these holes are as follows:Hole ID From(m) To(m) Interval Au(g/t) Ag(g/t) Pb(%) Zn(%) CI-30 0.0 154.0 154.0 0.88 58.34 0.61 0.93 Incl. 0.0 94.0 94.0 1.21 79.81 0.78 1.19 CI-35 0.0 103.0 103.0 0.75 63.64 0.39 0.52 Incl. 0.0 31.0 31.0 1.72 67.36 0.56 0.72 For a complete assay table and maps of Cieneguita, please visit our website at www.mexoro.com. Holes CI-30 and CI-35 ended in mineralization at a depth of 248.50 meters and 272.60 meters respectively. CI-30 intersected from 238.0 to 248.50 (10 meters) 17.24 g/t Ag, 0.49% Pb and 0.76% Zn. CI-35 intersected 11.60 meters (from 261 to 272.60) 0.34% Pb and 0.54% Zn. These drilling results have confirmed the presence of a near surface sulfide mineralization characterized by Au + Ag (± Pb-Zn) by and the deeper sulfides Ag + Pb + Zn (± Au) mineralization. Barry Quiroz, our VP Exploration says, 'We are very pleased that we have intersected those very high-grade veins and evidence of significant mineralization close to surface and at depth at Cieneguita. Those kinds of results are providing the support that Cieneguita could be a major deposit in the region.' Mario Ayub, President, says, 'The current drilling program has been very successful in targeting the deeper part of the Cieneguita mineralization system, providing significant results over the past few months of focus in trying to extend to depth the known mineralized areas. It remains as a high priority to drill further at Cieneguita to increase the zones and our understanding of the depth potential of the Cieneguita mineralization system.' Quality Control Mexoro takes digital photographs of the entire core before sampling. The samples are analyzed by ALS Chemex Labs in Vancouver, Canada. Samples are analyzed by Au (Atomic Absorption) plus an ICP multi-element package. We inserted certified standards, blankets and duplicates into all samples shipment to the laboratory. Half-core samples are retained in our storage for verification, reference and all other purposes These results have been prepared under the supervision of Barry Quiroz, MSc., Mexoro VP of Exploration. He has the expertise and authority to verify the authenticity and validity of this data. The qualified person who has reviewed this news release is Dana C. Durgin, M. Sc. Economic Geology. He is a Certified Professional Geologist (CPG #10364) with the American Institute of Professional Geologists, and a Registered Professional Geologist in Wyoming (PG-2886). About Mexoro: Mexoro Minerals Ltd., is an exploration and production company focused on mining precious metals in the traditionally mineral rich Sierra Madre region of Chihuahua, Mexico which controls three historical gold-silver mines for which additional exploration has confirmed significant mineral potential. The Company also has claims on additional properties, in the Chihuahua area near Paramount’s San Miguel projects. Mexoro recently signed a Strategic Alliance with Paramount Gold and Silver Corp. (AMEX/TSX: PZG). This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as 'anticipates', 'believes', 'estimates', 'expects', 'plans', 'intends', 'potential' and similar expressions. The Company believes that these drill results are providing the support that Cieneguita could be a major deposit in the region. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements. Corporate Headquarters Mexoro Minerals Ltd. C. General Retana #706 Col. San Felipe, C.P. 31203 Chihuahua, Chih., Mx Investor Relations Tel.: +1 (613) 288 4288 info@mexoro.com 29.07.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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