Yearly Archives

2018

San Marco announces drilling has been completed at the Chunibas Cu-Ag Project

By | 2018
Vancouver, B.C. – December 20, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or the “Company”) announces that diamond drilling has been completed at its 100% owned Chunibas copper/silver project, located in Sonora State, Mexico (the “Project”). San Marco and a wholly-owned subsidiary of Antofagasta plc (“Antofagasta”) have entered into an earn-in agreement (the “agreement”) to jointly explore and drill test several copper-silver rich mineralized targets mapped on surface. Antofagasta has funded all exploration during the current Phase I exploration program.The primary focus of this drilling has been to confirm the down-dip and along strike projections of alteration, mineralization and receptive rock units seen on surface. A summary of the drilling details and geological highlights to date include:

  • Approximately 1640 meters of core distributed over 7 drill holes.
  • 5 holes tested 1.2 km of strike in the NW – SE mineralized corridor and 2 holes tested approximately 400m as a step-out, along one NE – SW section which is perpendicular to the corridor.
  • Receptive rock units from surface had been confirmed.
  • The main host rock units are andesitic volcanic breccias as well as porphyritic andesites.
  • All drill holes reported several intervals with visible copper sulphide mineralization, present as fine grained disseminations and cavity fillings of bornite, chalcocite and trace chalcopyrite. Minor copper oxides occur as fracture fillings.
  • Mineralization tends to be erratic in these types of geological systems and is expected to be so in drill core samples.
  • Assay results of all drill holes will be reported once they are received and analyzed by the Company.

San Marco CEO Christian Grijalva stated: “We are pleased to have completed Phase I drilling at Chunibas in a completely safe manner and somewhat under budget. Drilling has confirmed that the Chunibas geological model is typical of that of copper-silver “Manto-Type” systems known to exist in northern Chile.”

* For related images, please visit the Chunibas Project on the Company’s website.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Espiritu SMR, Mariana and 1068 Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in the north-western Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value. San Marco currently has issued and outstanding shares.

On behalf of the Board of Directors,

Christian Grijalva, B.Sc.
Chief Executive Officer

For further information, contact:
Roger Blair

Direct: (604) 646-1877
info@sanmarcocorp.com

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’s Co-Chairman, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

San Marco has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco Announces Drilling Has Commenced at the Chunibas Cu-Ag Project

By | 2018
Vancouver, B.C. – November 6, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or the “Company”) announces that diamond drilling has commenced at its 100% owned Chunibas copper-silver project, located in Sonora State, Mexico (the “Project”). San Marco and a wholly-owned subsidiary of Antofagasta plc (“Antofagasta”) have entered into an earn-in agreement (the “agreement”) to jointly explore and drill test several copper-silver rich mineralized targets. For further detailed information about the “Agreement”, please see Company´s news release dated August 9th, 2018.The primary focus of this drilling will be to confirm the down-dip and along strike projections of high-grade copper-silver mineralization, as well as to test for the presence of additional mineralized mantos. The Company’s recent exploration work, confirms the presence of various mineralized zones along strike and at different stratigraphic levels. This has reinforced our manto-type geological model and as a result, the drill program is designed to not only test the potential high-grade mantos, but the possibility of a significant large scale-size opportunity.

An initial 1,500 metres over 6 holes is scheduled with the possibility that additional drilling may be conducted, based on initial results.

San Marco CEO Christian Grijalva stated: “We’re very pleased to announce the start of a maiden drilling program at our Chunibas property. Chunibas represents a typical volcanic-hosted copper-silver stratiform system which was previously unexplored. This kind of mineralization was also previously unknown to Mexico and represents a very unique exploration endeavour. The drilling campaign will target higher-grade areas to confirm down-dip and strike extensions.”

Highlights include:

  • The Chunibas targets are several copper-silver bearing mantos hosted in volcanic rocks. Copper rich sulphides such as bornite, chalcocite, covellite and idaite predominate, and are locally replaced by copper oxides.
  • Recent surface work included 38 rock chip samples, of which 26% assayed greater than 1% copper and 50% greater than 0.2% copper (see news release dated January 16, 2018).
  • The manto type mineralization occurs along a “mineralized corridor of approximately 1.7 kilometres of strike and at least 300 metres of width.*
  • Previous rock sampling has included grades up to 6.41% copper and 65.6 g/t silver (see news releases dated January 10 and January 16, 2018).
  • The Project has excellent infrastructure and access.
  • Surface access rights secured.

Mineralization is comprised of copper oxides and primary copper sulphides such as bornite, chalcocite, digenite, covellite and idaite. Mineralization is partially oxidized at surface, though still with significant sulphide content, and is expected to transition into sulphide-only mineralization down dip. All holes will be distributed along strike, angled at -70 and -75 degrees and will test 6 targets over 1.4 kilometres of the 1.7 kilometre known strike extension. Recent exploration results have indicated the mineralized corridor might include additional mineralized mantos.

* For related images, please visit the Chunibas Project on the Company’s website.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Espiritu SMR, Mariana and 1068 Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in the north-western Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value. San Marco currently has issued and outstanding shares of 67,716,000.

On behalf of the Board of Directors,

Christian Grijalva, B.Sc.
Chief Executive Officer

For further information, contact:
Roger Blair
Tel: (604) 646-1877
info@sanmarcocorp.com

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’s Co-Chairman, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

San Marco has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco Engages Geological Consultant; Commences evaluation of 100% Owned Espiritu SMR Au-Cu-Mo Project

By | 2018
Vancouver, B.C. – October 18th 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) is pleased to announce it has commenced exploration on its 100% owned Espiritu SMR property. Exploration work will include geological mapping, surface rock sampling and assessment of historical drillhole and rock data. The porphyry gold-copper-moly mineralized area of Espiritu SMR will be the primary focus of this exploration program.San Marco has engaged Luciano Bocanegra to lead the exploration team to re-map geology; re-log drill core; and generate a geological model to define vectors toward additional mineralized areas of Espiritu. Mr. Bocanegra, currently Manager of Petra Gaia Consulting, a spectroscopy and exploration mining consulting company headquartered in Chile, has previously consulted for companies such as Hochschild Mining plc and Rio Tinto plc, and over the last five years worked in Latin America as a technical advisor and consultant for many mining exploration companies. As well, Mr. Bocanegra completed the detailed geological evaluation of San Marco’s 1068 porphyry Cu-Mo-Au project.

Chris T. Grijalva, CEO stated, “Preliminary property assessment has allowed us to recognize the porphyry gold-copper-moly potential for Espiritu SMR, the magnitude of which is unknown. The area will be re-mapped to determine the surface extent of the system(s). Our first pass review suggests the mineralized zones are open in all directions. We still need to understand the zoning and other possible controls of the mineralization in order to best target future drilling. San Marco is taking the Espiritu potential very seriously and, for this reason, has engaged an experienced, high calibre expert who immediately will create and execute an aggressive and systematic exploration program. We are targeting late November for completion of this first-pass program.”

Espiritu SMR is located approximately 230 kilometres (“km”) east of Hermosillo and 15 km east of the town of Sahuaripa. Espiritu SMR (acquired through the recent Mexican Government mineral concession lottery), covers approximately 2,712 hectares and is located less than 30 km southeast of the Company´s Chunibas and 1068 Projects. The property hosts porphyry gold-copper and polymetallic silver-lead-zinc mineralization. The gold-copper-moly porphyry system is located over the eastern section of the property, covering an area of 1200 x 1800 metres underlain by a zoned alteration sequence and quartz vein stockwork marked by strong quartz-sericite overprinting earlier potassic alteration.

Historical drill hole assay data* has indications of widespread gold and copper mineralization. Selected historical drill results include:

  • Drill Hole ESP-02-09: 48.00 m @ 0.19 g/ton Au; 0.10% Cu; 2.0 g/ton Ag, including 1.50 m @ 1.80 g/ton Au; 0.07% Cu; 2.0 g/ton Ag
  • Drill Hole ESP-06-10: 220.50 m @ 0.14 g/ton Au; 0.15% Cu; 1.1 g/ton Ag.*The foregoing geological information on the Espiritu property was previously publicly disclosed by (and San Marco obtained it from) Kootenay Silver Inc. (www.kootenaysilver.com) and has not been verified by the Company. Readers are cautioned not to place undue weight on such information. Details of the sampling methods, handling and quality control methods used in the generation of the foregoing historical technical data by Kootenay Silver are unknown to San Marco, and the drill material, assay results, true width of intercepts herein cannot be and have not been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

For further detail historical information please see Company´s news release dated May 15, 2018.

Early indications suggest the porphyry-related alteration and mineralization footprint is widespread with large scale potential. Detailed mapping should give a more accurate indication of the lateral and depth extensions of porphyry driven mineralization. San Marco has noted that mineralized and altered zones remain partially untested and will be subject of systematic exploration works to be conducted during the upcoming winter season and through the spring of 2019.

Preliminary indications from an historical data review and field validation by Luciano Bocanegra, suggest the past drill hole collar locations, azimuths and depth of the completed ten-hole historical program were, essentially random in relation to the geometry and zoning of the Espiritu SMR porphyry gold-copper-moly system (s). The Company recognizes that a much larger scale potential exists; hence exploration will concentrate on defining and targeting mineralized zones.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, Mariana and 1068 Projects in Sonora State.

San Marco actively pursues a strategic project generation program focused on high-caliber, low acquisition cost opportunities in northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

On behalf of the Board of Directors:

Christian Grijalva, B.Sc.
President & CEO

For further information, contact:

info@sanmarcocorp.com

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’s Co-Chairman, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

San Marco has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco to Acquire Data Package and Drill Core on Espiritu SMR Property, Mexico

By | 2018
Vancouver, B.C. –August 10th 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or the “Company”) announces it has agreed to buy a data package and drill core on its Espiritu SMR Property from Kootenay Silver Inc. As payment for the data, San Marco will issue, subject to TSX Venture Exchange approval, 200,000 common shares to Kootenay.About the Espiritu SMR Property

The Espiritu SMR property is located approximately 230 kilometres east of Hermosillo and 15 kilometres east of the town of Sahuaripa in Mexico. It covers approximately 2,712 hectares and is located less than 30 kilometres southeast of the Company’s Chunibas and 1068 Projects.

The Espiritu SMR property covers an extensive prospective area with two mineralized zones; a northeast zone dominated by a copper-gold porphyry setting and a southwest zone dominated by precious and base metal veins. Kootenay Silver Inc. and its partner, Pinecrest Resources Ltd., conducted the most recent exploration on the Espiritu property. On June 15, 2012, Kootenay announced the completion of five diamond drill holes totalling 409 metres in two of seven known silver-rich mineralized areas on the southwest zone of Espiritu property.

Termination of Investor Relations Appointment

San Marco has terminated the appointment of Paul MacDonald as a non-exclusive investor relations consultant to the Company announced on February 14, 2018.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, 1068 and Espiritu SMR Projects in Sonora State.

San Marco actively pursues a strategic project generation program focused on high-caliber, low acquisition cost opportunities in North-western Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value. San Marco currently has 66,286,082 issued and outstanding shares.

On behalf of the Board of Directors,

Christian Grijalva, B.Sc.
Chief Executive Officer

For further information, contact:
Nancy Curry
info@sanmarcocorp.com

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’s Co-Chairman, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco Options the Chunibas Project in Mexico to Antofagasta

By | 2018
Vancouver, B.C. – August 9th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or the “Company”) announces it has signed an earn-in agreement (the “Agreement”) with a wholly-owned subsidiary of Antofagasta plc (“Antofagasta”) over San Marco´s 100% owned Chunibas Project in Sonora State, Mexico (the “Project”).

Under the Agreement, Antofagasta can acquire a 70% interest in the Project (the “Earn-In Option”) by expending or incurring US $8 million in exploration expenditures in respect of the Project (the “Earn-In Expenditures”) and making cash payments for an aggregate amount of US$ 200,000 over a period of 4 years. Of the Earn-In Expenditures, a firm exploration expenditure commitment of US$700,000 will be used primarily for an initial drill program. Included in that US$ 700,000 will be the reimbursement to San Marco of US$ 100,000 to cover its costs of recent Project exploration expenditures. The initial drill program is anticipated to start as soon as the rainy season ends, and local road conditions improve. San Marco will be the Project operator, under the direction of a Technical Committee consisting of an equal number of members from each company.

San Marco´s CEO Chris Grijalva stated; “We are pleased to have Antofagasta as a partner and look forward to a successful, team approached exploration program on our copper/silver discovery at the Chunibas project. The Project consists of stratiform, volcanic hosted copper-silver mineralization, similar to several ore deposits in northern Chile and is a style of mineralisation not previously discovered in Mexico.

Upon exercise of the Earn-In Option, San Marco and Antofagasta will participate in a joint venture in proportion to their respective interests (30:70) in the Project. If either party’s interest is diluted to 10% or less, the diluting party’s interest will convert into a net smelter return royalty (NSR), ranging from 1% to 2% depending on the circumstances of the dilution.

About The Chunibas Property

The Chunibas property is located approximately 160 kilometres east of Hermosillo, Sonora State; Mexico. The property is comprised of several mining concessions with an overall surface area of 530 hectares.

Chunibas is a stratiform, volcanic hosted copper and silver system represented by mineralized andesitic rocks. Bornite and chalcocite are the main copper minerals that are associated with a primary alteration assemblage of epidote, chlorite, albite and >quartz>calcite>specularite. The mineralized rocks have been recognized over an area of 1700 by 300 metres, and remain open along strike and down dip. Highest assay results include a 6.41% copper and a 27.3 g/ton silver sample.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, 1068 and Espiritu SMR Projects in Sonora State.

San Marco actively pursues a strategic project generation program focused on high-caliber, low acquisition cost opportunities in North-western Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value. San Marco currently has 66,286,082 issued and outstanding shares.

On behalf of the Board of Directors,

Christian Grijalva, B.Sc.
Chief Executive Officer

For further information, contact:
Nancy Curry
info@sanmarcocorp.com

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’s Co-Chairman, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco identifies additional significant Copper/Silver mineralization on Chunibas and begins Drill preparation

By | 2018

San Marco Grants Incentive Stock Options

By | 2018
Vancouver, B.C. – June 25th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces that, following its annual general meeting on June 1st, 2018, it has granted options to directors, officers and consultants to purchase a total of 2,150,000 shares at a price of $0.185 per share for five years. The options vest, as to 25% each, on granting and on the next three, six and nine months.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, 1068, Espiritu SMR, La Caridad Este Projects in Sonora State.

San Marco actively pursues a strategic project generation program focused on high-caliber, low acquisition cost opportunities in northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

On behalf of the Board of Directors:

Christian Grijalva, B.Sc.
CEO

For further information, contact:
Nancy Curry
info@sanmarcocorp.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco Report Results of Annual General Meeting & Executive Appointments

By | 2018
Vancouver, B.C. – June 5th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) is pleased to announce approval of all matters at the Company’s Annual General Meeting held June 1st, 2018, including the re-election of all current directors for the ensuing year. In addition San Marco announces that Christian Grijalva, B.Sc. has been appointed as the CEO of the Company; he previously was the Company’s Vice President. Tookie Angus and Robert Willis have been appointed as Co-Chairmen of the Board of Directors. All appointments were effective June 1, 2018.Robert Willis stated, “One of the key components of San Marcos growth is building significant strength in our human resources. Chris has demonstrated technical success, solid leadership skills and possesses a contagious enthusiasm supporting his drive to continue building shareholder value. I will continue to work closely with Chris in all aspects of corporate, financial and marketing.”

Christian Grijalva stated, “I believe the San Marco portfolio of properties, including the new, high grade copper silver discovery on the Chunibas Project, offers our shareholders multiple opportunities for making significant mineral discoveries in Sonora, Mexico, one of the most prolific mining districts. I want to thank the Board of Directors for this opportunity and look forward to working with them and the entire San Marco team as we continue work to capture the value in our portfolio for our shareholders.”

Tookie Angus stated, “On behalf of the Board I would like to thank Bob for his significant contributions and dedication to the success of San Marco and welcome him as Co-Chairman, a role he and I will share as cofounders of the Company.”

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, 1068, Espiritu SMR, La Caridad Este Projects in Sonora State.

San Marco actively pursues a strategic project generation program focused on high-caliber, low acquisition cost opportunities in northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

On behalf of the Board of Directors:
Christian Grijalva, B.Sc.
CEO

For further information, contact:
Nancy Curry
info@sanmarcocorp.com

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco acquires Espiritu SMR polymetallic property: Increases district scale exploration footprint in the Sahuaripa District of Eastern Sonora State

By | 2018
Vancouver, B.C. – May 15th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) is pleased to announce it has been awarded the Espiritu SMR property in the Mexican government’s recent mineral concession lottery.Espiritu SMR is located approximately 230 kilometres (“km”) east of Hermosillo and 15 km east of the town of Sahuaripa. This new land acquisition covers approximately 2,712 hectares and is located less than 30 km SE of the Company´s Chunibas and 1068 Projects, increasing San Marco´s exploration footprint at a district scale.

The property is located along a northwest structural trend where less than 100 km to the south hosts the La India and Mulatos gold mines, which are being operated by Agnico Eagle and Alamos Gold respectively.

Based on available data from the Mexican geological survey (“SGM”), Espiritu SMR overlies a window of pre-mineral cretaceous volcanic and sedimentary rocks intruded by Laramide age granitoids. According to the SGM data, Espiritu SMR covers portions of the San Felipe mineralized zone, a group of epithermal to mesothermal (gold, silver and lead) vein systems.

Christian Grijalva, San Marco’s Vice President stated, “We believe the Espiritu SMR property is highly prospective ground demonstrating significant upside exploration potential. The geological endowment warrants further exploration efforts with “modern day” vectoring and targeting tools. Preparations are being made to initiate an exploration program to evaluate the overall potential of Espiritu SMR which is the host for both porphyry gold-copper-moly and silver-lead-zinc replacement mineralization.”

Previous Exploration

The ground underlying Espiritu SMR´s property has been subjected to several exploration campaigns by other exploration companies. The most recent exploration work was conducted by Kootenay Gold Inc., and various third-party partners via option agreements. According to the information disseminated by Kootenay Gold Inc., the property has the following characteristics*:

  • An extensive area of polymetallic vein, stockwork, breccia and gold-copper porphyry mineralization.
  • Mineralization and alteration are hosted along a 5 km east northeast trending structural corridor that measures between one and two km in width.
  • Two zones of mineralization have been recognized; the northeast zone dominated by a porphyry setting is separated by a major fault from the southwest zone dominated by veins and stockworks of precious and base metal mineralization.
  • Fifty-eight grab samples from the polymetallic southwest zone reported significant assays from veins that averaged 226 g/ton silver, 1.58% lead and 1.57% zinc with associated gold and copper values of 0.18 g/ton and 0.15% respectively.

Historical Drilling Results

On May 7, 2010, Kootenay Gold Inc. and its partner, Klondike Silver Corp., reported the completion of 10 diamond drill holes totalling 2,135 metres. Drilling was designed to test mineralization within a copper-gold porphyry system over the northeastern zone, covering an area of 1200 x 1800 metres underlain by a zoned alteration sequence and stockwork marked by intense secondary leaching. As a result, secondary copper mineralization was encountered within the stockwork and leached zone, which also reported interesting gold and silver values along significant long intercepts.*

Selected drill results include:

  • Drill Hole ESP-02-09: 48.00 m @ 0.19 g/ton Au; 0.10% Cu; 2.0 g/ton Ag. Including 1.50 m @ 1.80 g/ton Au; 0.07% Cu; 2.0 g/ton Ag
  • Drill Hole ESP-06-10: 220.50 m @ 0.14 g/ton Au; 0.15% Cu; 1.1 g/ton Ag.

Kootenay Silver Inc. and its partner Pinecrest Resources Ltd conducted the latest exploration works at the former Espiritu property. In June 15, 2012, Kootenay Silver Inc. announced the completion of five-diamond drill holes totalling 409 metres in two of seven known silver-rich mineralized areas from the southwest zone of Espiritu property.

Selected drill results include:

  • Drill Hole ESP-12-01: 41.00 m @ 9.0 g/ton Ag; 537 ppm Pb; 1268 ppm Zn; Including 11.0 m @ 26.2 g/ton Ag; 1388 ppm Pb; 2762 ppm Zn. EOH: 99.0 m
  • Drill Hole ESP-12-04: 8.5m @ 12.4 g/ton Ag; 420ppm Cu; 582ppm Pb; 730ppm Zn. 37.5m @ 569ppm Cu; 65 ppm Mo. Including 1.0 m @ 38.0 g/ton Ag; 670ppm Cu; 960ppm Pb; 1580ppm Zn. EOH: 82.0m

*The foregoing geological information on the Espiritu property obtained from Kootenay has not been verified by the Company, and readers are cautioned not to place undue weight on such information. The information is sourced from publicly disclosed information; The Espiritu property, source Kootenay Silver Inc. (www.kootenaysilver.com). Details of the sampling methods, handling and quality control methods used in the generation of the foregoing historical technical data are unknown to San Marco, and the drill material, assay results, true width of intercepts herein cannot be and have not been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

Upcoming Exploration

San Marco geological staff is preparing to do a first-pass ground validation and prospecting work at Espiritu SMR. The aim is to assess the mineralized zones of the main Laramide age intrusive rocks, which include the Espiritu porphyry copper-moly (±gold) prospect. Exploration efforts will also dedicated to the polymetallic mineralized system of the southwest zone of Espiritu SMR, where evidences for high temperature carbonate replacement mineralization has been documented by past explorers.

For related images, please visit the Espiritu SMR Property on the Company’s website.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, Mariana and 1068 Projects in Sonora State.

San Marco actively pursues a strategic project generation program focused on high-caliber, low acquisition cost opportunities in northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

On behalf of the Board of Directors:

Christian Grijalva, B.Sc.
Vice President

For further information, contact:
Nancy Curry
info@sanmarcocorp.com

Paul MacDonald
pMacDonald@sanmarcocorp.com

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco acquires Suanse property strategically located in the prolific Cananea-La Caridad copper belt in Northern Sonora State

By | 2018
Vancouver, B.C. – May 2nd, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) is pleased to announce that it has been awarded the Suanse property in the Mexican government’s recent mineral concession lottery.

The property covers 1,115 hectares and is located 62 kilometres (“km”) southeast of the world class Buenavista copper mine (formerly named Cananea) and 42 km to the north-west of La Caridad mine (both operated by Southern Copper Corporation, www.southerncoppercorp.com), in the prolific Cananea-La Caridad copper belt of Northern Sonora State, which is known for being host for world-class porphyry copper deposits, and many high quality exploration copper-moly prospects.

The Suanse property is sandwiched between two mineral concessions within the Llano del Nogal porphyry copper moly property, controlled by Evrim Resources Corp. For related images, visit the Suanse Project on Company’s website.

The Llano del Nogal property hosts Laramide equivalent intrusives with alteration varying from propylitic to locally potassic and quartz-sericite. The primary copper mineralization is chalcopyrite associated to chlorite-K feldspar pyrite and magnetite veins. Interpretation suggests the presence of a shallowly buried porphyry target. *

The Batamote porphyry copper property controlled by Millrock Resources Inc., located 12 km to the east of Suanse, hosts a main alteration zone extending 6 km by 3 km. Millrock has outlined several copper-moly exploration targets, including hydrothermal breccia bodies, porphyry copper sheeted and stockwork mineralization.*

Christian Grijalva, San Marco’s Vice President stated, “We are fortunate to have been awarded a mineral concession covering part of what we believe is a district scale, highly prospective mineral endowed region. Preparations are being made to initiate an exploration program to evaluate the potential of Suanse.

According to Mexican governmental geological data, the Suanse property overlies a section of a large oxidation and argillization cell, which has an elongated shape trending northeast-southwest and measuring over 8 km along its axis. Associated to this alteration cell are many polymetallic and precious metals prospects hosted by Upper Cretaceous dacitic to andesitic rocks, which in turn are being affected by porphyritic intrusive bodies. Relevant mineral “showings” located within the large alteration cell are Suanse Norte and Suanse Sur prospects which the Mexican geological survey describes as being part of a group of high angle epithermal to shallow mesothermal (Au, Ag, Pb, Zn and Cu) vein systems.

Upcoming Exploration

San Marco geological staff is preparing to do a first-pass ground validation and prospecting work at Suanse. The aim is to assess the alteration cell and look for mineralization within the main Laramide age rock domain and its peripheries, where Late Tertiary (post-mineral) rocks might be obscuring part of any potential mineralized system.

*The geological information on the Llano del Nogal property and the Batamote porphyry copper property have not been verified by the Company, and readers are cautioned not to place undue weight on such information. The information is sourced from publicly disclosed information; The Llano del Nogal property, source Evrim Resources Corp. (www.evrimresources.com) and The Batamote property, source Millrock Resources Inc. (www.millrockresources.com).

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas, Mariana and 1068 Projects in Sonora State.

San Marco actively pursues a strategic project generation program focused on high-caliber, low acquisition cost opportunities in northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

On behalf of the Board of Directors:

Christian Grijalva, B.Sc.
Vice President

For further information, contact:
Nancy Curry
info@sanmarcocorp.com
Paul MacDonald
pMacDonald@sanmarcocorp.com

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.