Category

2017

San Marco Provides Exploration & Drill Preparation Update on the 1068 & Chunibas Projects

By | 2017

Vancouver, B.C. – November 29th, 2017: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces that it is continuing surface exploration at its 100% owned 1068 and Chunibas Projects. As well, discussions and property site visits continue with numerous third parties regarding their potential acquisition of an interest in San Marco’s projects.

San Marco’s CEO, Bob Willis stated: “As we continue preparations to drill our 1068 copper, molybdenum and gold porphyry system, ongoing corporate strategic planning relating to new acquisitions and joint ventures could lead to significant opportunities for our shareholders. Our goal is, and has always been, to maximize stakeholder value through efficient use of our treasury for exploration and expanding our property portfolio.“

1068 Project

The Project is an undrilled copper, molybdenum and gold porphyry system discovered in San Marco’s generative program (see news release datedSeptember 26th, 2017). Highlights include:

  • Geological mapping completed to date, has confirmed that phyllically altered and veined zones extend approximately one kilometre (“km”) to the east and 400 metres (“m”) to the south from previously identified potassic altered porphyritic rocks.
  • Rock chip assay and spectroscopy results from a grid rock sampling survey (0.8 km by1.6 km), show a coincidental footprint.
  • Drill target definition from geological mapping completed to date.
  • Commence induced polarization (“IP”) survey in December.
  • All data integration of geology, geochemistry and IP will allow San Marco to pinpoint additional drill targets.
  • One obvious drill target at a small erosional potassic alteration window already identified.

Chunibas Project

As noted in the Company’s news release dated August 9th, 2017 regarding the Chunibas Project, the discovery of breccias in the recent core drilling program has led to the re-mapping of surface outcrops property wide, re-logging of the core, and generation of a revised exploration program based on the new, larger porphyry-related breccia gold model/target. Highlights include:

  • The San Marco team has identified a new style/type of mineralization on the property during the recent soil sampling program. Mapping of the mineralization confirms a NW-SE trend for at least 1.2 km and remains open in all directions. Rock chip samples have been submitted to the lab, the results of which will assist geologists to further understand this exciting new discovery.
  • Field mapping and prospecting mostly completed.
  • Grid soil sampling covering an area of 1.2 km by 1.3 km over western segment of the property was conducted and completed. Samples have been submitted to the lab, a three week turnaround period is expected.
  • The sampling crew was accompanied by a geologist, as a result of which new showings of copper mineralization were discovered in the southern section of the grid. These new mineralized occurrences do not appear to have been previously sampled.
  • In these new mineralized occurrences, green and blue copper oxides are hosted in an intermediate to mafic volcanic sequence, which alteration assemblage consists of epidote-calcite and specular hematite. Oxidation of a disseminated a steel gray coloured mineral appears to be the source of the copper oxides mineralization.

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 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. San Marco currently has 64,716,276 issued and outstanding shares.

On behalf of the Board of Directors:

Robert Willis, P. Eng.
President & 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 Provides Exploration & Drill Preparation Update on the 1068 & Chunibas Projects

San Marco Announces Appointment of Senior Manager and Opens Office in Hermosillo, Mexico

By | 2017

Vancouver, B.C. – November 8th, 2017: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces the appointment of Christian T. Grijalva as Manager of Projects.

Mr. Grijalva will be responsible for managing the Company’s Mexican exploration, including drill target definition at the newly discovered porphyry system at Project 1068, detailed exploration and drill target definition at Chunibas, as well as new property acquisitions.

Robert Willis, CEO of San Marco stated, “I am very pleased to have someone of Chris’ calibre join our team. His geological knowledge and years of experience in the region will be instrumental in advancing our current property portfolio, as well as identifying additional mineral assets”.

Mr. Grijalva graduated in 2005 from the University of Sonora with a Bachelor´s Degree in Geology. In 2007, Chris completed the graduate program in Economic Geology at the University of Sonora. Chris has over 10 years exploration experience in base and precious metals. Chris has previously worked for Inmet Mining Corporation and First Quantum Minerals Ltd., focusing on target generation and property evaluations in the porphyry copper-epithermal geological environment. Mr. Grijalva´s experience in Latin America began in Mexico and then was extended to Central and South America, venturing into Serbia and USA. He has also consulted for several junior exploration companies.

San Marco also announces that it has opened an office in Hermosillo Mexico. The establishment of a corporate office in Hermosillo, Mexico should provide logistical efficiencies and overall cost savings as the Company advances its Projects and generative programs. The San Marco Mexican office is:

Retorno 202, Esquina con Justo Sierra #19
Col. Modelo
Hermosillo, Sonora, Mexico, C.P 83190

Phone: +52 662 301-2818
Mobile: +52 662 948-7336

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 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 64,716,276 issued and outstanding shares.

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & CEO

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

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 Announces Appointment of Senior Manager and Opens Office in Hermosillo, Mexico

San Marco Closes Oversubscribed $1.52 Million Private Placement

By | 2017
Vancouver, B.C. – November 1st , 2017: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces that it has completed its private placement financing announced September 29th, 2017. A total of 8,444,444 units (Units”) were issued at $0.18 per Unit for gross proceeds of $1,519,920, a greater than 20% increase over the original financing target of $1,260,000. Insiders of the Company acquired 1,190,000 (over 14%) of the Units issued in this financing.

Each Unit consisted of one common share of the Company (a “Share”) and one-half of one common share purchase warrant. Each whole warrant (a “Warrant”) entitles the holder to purchase one common share for $ 0.35 until April 30, 2019. The Shares issued and common shares issuable on exercise of the warrants are subject to four month restrictions on resale until March 1, 2018.

Finder’s fees were paid to Haywood Securities Inc. ($41,310) PI Financial Corp. ($4,860), Echelon Wealth Partners ($1,620) and T-Bone Ventures Inc. ($4,493).

The monies raised will be immediately deployed to advance the Company’s properties including the work required in preparation to drill both the Chunibas Project, where the Company recently announced a newly discovered porphyry-related breccia gold system (see news release dated September 21st, 2017and the 1068 Project, where the Company also recently announced high priority drill targets have been identified on this undrilled copper, molybdenum and gold porphyry system discovered from San Marco’s generative program (see news release September 26th, 2017).

The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or applicable state securities laws, and may not be offered or sold in the United States or to U.S. Persons (as defined in the U.S. Securities Act) without registration, or exemption from registration, under such laws.

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 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 64,716,276 issued and outstanding shares.

On behalf of the Board of Directors,
Robert Willis, P. Eng.
President & CEO

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

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 to Carry Out a C$ 1.26 Million Private Placement

By | 2017

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES OF AMERICA

Vancouver, B.C. – September 29th, 2017: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces it is arranging a private placement to raise gross proceeds of up to C$ 1,260,000 through the sale of up to 7,000,000 Units in the Company (“the Units”) at a price of $0.18 per Unit (the “Offering”). There is no minimum number of Units being offered.

Each Unit shall consist of one common share of the Company (a “Share”) and one-half of one common share purchase warrant. Each whole warrant (a “Warrant”) shall entitle the holder to purchase one common share at an exercise price of C$ 0.35 for 18 months following the Closing Date.

The placement will be sold to qualified investors, including shareholders of record on September 27, 2017 resident in Canada. Such shareholders of record are eligible to purchase up to $15,000 worth of Units or more than $15,000 worth based on suitability advice from a registered investment dealer, If, after deducting subscriptions from qualified investors, the subscriptions from existing shareholders exceed the remaining Units available, such remaining Units will be sold to the existing shareholders in proportion to the number of Units subscribed for by them. All the securities issued pursuant to this private placement will be subject to a four month hold period. Completion of the Offering is subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange.

The Company may pay a finders’ fee in respect of certain subscribers in accordance with the policies of the TSX-V.

Up to approximately $800,000 of the gross proceeds from the Offering will be used to continue exploration work on the Company’s properties and the balance of up to approximately $460,000 will be used for general corporate purposes. Such properties include the Chunibas Project where the Company recently announced a newly discovered porphyry-related breccia gold system (see news release dated September 21st, 2017and advancing the 1068 Project where the Company also recently announced high priority drill targets have been identified on this undrilled copper, molybdenum and gold porphyry system discovered from San Marco’s generative program (see news release September 26th, 2017).

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirement is available.

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 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 56,201,832 issued and outstanding shares.

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & 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.

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 High Priority Drill Targets on the 1068 Project: Samples in Road Cuts up to 0.76% Copper, 2050 ppm Molybdenum and 0.17 g/t Gold

By | 2017
Vancouver, B.C. – September 26th, 2017  : San Marco Resources Inc. (SMN: TSX-V) (“San Marco”) announces the results and recommendations of recent exploration on its 1068 Project. The Project is an undrilled copper, molybdenum and gold porphyry system discovered from San Marco’s generative program (see news release dated January 19, 2017).

During construction of a preliminary access road to potential drill site areas, mineralization was noted in the roadway with copper values up to 0.76%, gold up to 0.17g/t and molybdenum up to 2050 ppm over 3 – 4 metre channel samples. Drilling is recommended after additional surface mapping and sampling is completed. Preparation for such work will commence immediately.

Exploration Highlights

Highlights of the exploration include;

  • Surface alteration and mineralized footprint has increased to 1.6 kilometres X 1.5 kilometres (“km”) and is open for expansion in at least two directions.
  • Poorly exposed erosional window into potassically altered mineralized intrusive (100 metres by 200 metres) is an obvious drill target.
  • Extensive phyllically altered and stockwork-quartz-veined volcanic lithocap (as above, 1.6 km X 1.5 km and open) may have created favourable conditions for sealing the system acting as a trap for fluids, enhancing the mineralizing process. Drilling through this volcanic cap is another obvious drill target.
  • Oxide copper occurs mainly in fractures and veinlets. Fresh sulphides (pyrite, chalcopyrite and molybdenite) were observed below the volcanic rock cap in potassic alteration.
  • Semi-continuous channel sampling over part of a newly constructed road cut ran 62 metres of 0.1% copper; 215 ppm molybdenum and 0.044 g/t gold. Sampling was limited to where the bulldozer was able to build the road and not necessarily cutting the best outcrop exposures.
  • Geochemical zonation suggests use of pathfinder elements as well as mapping alteration mineralogy can be utilized to vector to the best drill targets.

Exploration Plans

Recent work has resulted in the following strategy and recommendations for continued exploration of the 1068 Project:

  • Extend geological mapping over the northeast and southeast sections of the Project, up to 1 kilometre in each direction.
  • Expand the previous rock-chip sample grid by a minimum of 500 metres to the southeast and northeast.
  • Detail mapping of the phyllic alteration over the volcanic cap (lithocap) using pathfinder alteration minerals and the relative amounts of porphyry copper system vein types, to define specific drill targets.
  • Commence drilling into the deeper core of the potassic alteration window (where current road cut sampling exists), as well as selected locations within the volcanic cap to test for mineralization suspected to occur beneath.

The Company plans to initiate the exploration programs as indicated. A more precise timetable of events will be disclosed over the next few weeks.

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 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 56,201,832 issued and outstanding shares.

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & 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 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 Expands the Footprint of the Newly Discovered Chunibas Porphyry-Related Breccia Gold System and Outlines Exploration Plans

By | 2017
Vancouver, B.C. – September 21, 2017: San Marco Resources Inc. (SMN: TSX-V) (“San Marco”) announces the results and recommendations of the recent Chunibas Project exploration program. As noted in the Company’s news release dated August 9th, 2017 regarding the Chunibas property, the discovery of breccias in the recent core drilling program has lead to the re-mapping of surface outcrops property wide, re-logging of the core, and generation of a revised exploration program based on the new, larger porphyry-related breccia gold model/target. As a result of this recent geological work, drilling is recommended, following a few additional surface exploration activities outlined below.

Exploration Results

The Chunibas Project is now viewed as a porphyry-related breccia gold system. Highlights include:

  • Surface mineralized footprint of 3 kilometres X 1.5 kilometres and remains open.
  • Gold mineralization occurs disseminated and vein controlled.
  • The Company is encouraged to see three stages of mineralizing development, which are apparent in the discovery:
    1) initial property-wide emplacement of an igneous breccia which intruded older diorite and andesite rocks;
    2) a magmatic hydrothermal pulse where mineralising fluids emplaced disseminated gold in the breccias; and
    3) late, overprinting epithermal gold-bearing quartz-carbonate veins cross cut all previous rock types.
  • Re-logging of the CHD-01 drill hole reveals it to host 88 metres grading 0.37 g/t gold disseminated in igneous breccias. The previously reported drill intercept in CHD 01 did not include this much wider zone of gold mineralization within breccias.
  • Several drill holes cut magnetite-bearing potassic alteration associated with elevated gold grades. In some cases holes ended in significant, but previously unrecognized mineralization. The last assay in CHD-03 is 1.05 g/t gold and last assay in CHD-02 is 2.4 g/t gold.
  • The alteration styles are indicative of a porphyry system.

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

Exploration Plans

Integrating the recent exploration recommendations with the current Chunibas database has generated an exploration strategy moving forward. The Company plans to immediately initiate the exploration programs as indicated below:

  • Initiate a property-wide magnetic survey. There are indications gold mineralization may be associated with magnetite in potassic alteration. The magnetic survey could help map zones of potassic alteration beneath phyllically-altered rocks common at surface at Chunibas.
  • Further explore the western sector of the property where highly altered rocks contain quartz-sericite-tourmaline structures possibly indicative of a porphyry system in close proximity.
  • Extend several soil sample lines to the western area of the property to cover this zone.
  • Use known pathfinder elements as well as magnetics for vectoring future drill hole locations.
  • Drill defined targets to sufficient depths for an adequate test. Past drilling targeted the late epithermal vein zones at a shallow depth. The program wasn’t designed to test a porphyry gold system now suspected to be present. Deeper drilling will be required.

1068 Project

The Company is waiting on some final exploration information regarding the 1068 Project and expect to issue an update on that Project shortly.

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 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 56,201,832 issued and outstanding shares.

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & 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 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 Increases Known Size of Chunibas Breccia Body & Builds Geological Team; Drill Permits Received for Project 1068 & Road Cut Samples Results Pending

By | 2017
Vancouver, B.C. – August 9th, 2017: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) is renewing surface exploration of its 100% owned Chunibas property, with a focus on mapping the newly discovered intrusive related gold breccia body. Most of the recently completed drill holes bottomed in breccia, with some holes terminating in reasonable gold grades. Early indications suggest the breccia footprint is widespread with large scale potential. The current detailed mapping campaign should give a more accurate indication of the breccia’s lateral extent and its relationship to known mineralization. San Marco has noted that mineralized structures as much as 800 metres west of current drilling have and are being mined by local gambosinos.

It is now apparent that the drill hole collar locations, azimuths and depth of the recently completed six hole program were, essentially, “random” in relation to the newly discovered breccia system’s geometry and zoning since the Phase I drill holes being spotted based on a totally different geological model (see news release dated May 31,2017). Now that the Company recognizes an intrusive hosted gold breccia system with much larger scale potential exists, exploration will concentrate on defining and targeting this new system. Mapping, detailed sampling, review and integration of previous surface soil and rock chip sample data will be used by San Marco’s new team to generate a new geological model and vectoring process to target areas with higher grade potential for future drill campaigns.

To that end, the Company is pleased to have engaged Luciano Bocanegra to lead the team to re-map, sample, generate geological models and complete a vector analysis for the Chunibas property, as well as review similar analysis for the 1068 project. Mr. Bocanegra is currently Manager at Petra GAIA (a spectroscopy and exploration mining consulting company), located in Chile. As well, he is co-founder of a consulting company, Mineral Vector Services. Previous work engagements include services to Hochschild Mining plc and Rio Tinto plc in Argentina and Chile.

Bob Willis, San Marcos CEO stated, “Our core drilling, the first on the property, has allowed us to recognize a new Intrusive related gold breccia system, the magnitude of which is unknown at this time. The area will be remapped to determine the surface extent of the breccia. Our widely spaced Phase I drill holes indicate the breccia is open to depth and laterally in all directions. While we need to understand zoning and other possible controls on gold emplacement in order to target the best areas in future drilling, we are highly encouraged that most core containing breccia assayed to date exhibits at least anomalous (greater than 50 ppb) gold values. It will be exciting times as we work to define the magnitude of the system, refine and better understand the geological model and locate zones of mineralization with economic interest. San Marco is taking this discovery very seriously and has engaged a team of experts who will immediately create and execute an aggressive exploration program. We are targeting mid-September for the completion of a definitive go forward plan”.

Results and descriptions for holes 4 though 6 of the Phase I program are provided below. A map showing the location of the holes can be found at the following link: Chunibas Geology and Drill hole location July 20-17.

Hole CHD-04: Intersected breccia through the entire 202 metres of the hole. It appears that this hole is higher in the mineralized system, based on the elevated levels of pathfinder elements like arsenic and antimony, combined with lower gold values. This combination is typical of the higher levels of an intrusive related gold system.

Hole CHD 05: Drilled into what appears to be a residual block of non-eroded andesite (roof pendant). The hole did intercept breccia over 18 metres; including 2.0 metres of 0.28g/t gold ; 2 metres of 0.81 g/t gold, including 0.85 metres of 1.38 g/t gold.

Hole CHD-06: Primarily breccia; 25.2 metres of 0.18 g/t gold (including 9 metres of 0.25 g/t gold); 6 metres of 0.22 g/t gold; and 1 metre of 0.40 g/t gold and 11.5 g/t silver.

Drill Hole From [m] To [m] Interval [m] Gold[g/t]
CHD-01 88.00 127.00 39.00 0.07
Including 93.00 113.00 20.00 1.05
And 93.85 96.00 2.15 1.97
And 111.00 112.00 1.00 4.55
CHD-02 45.00 66.00 21.00 0.06
Including 51.00 52.00 1.00 1.01
And 60.00 61.00 1.00 6.78
And 109.00 110.20 1.20 2.42 (last sample at the end of the hole)
CHD-03 30.00 43.30 3.30 5.08
Including 40.00 42.00 2.00 6.74
And 118.00 120.20 2.20 6.74 (last sample at the end of the hole)
CHD-04 0.00 201.00 All breccia High Arsenic/ Antimony. Low gold values.
CHD-05 6.00 8.00 2.00 0.28 drilled into andesite roof pendant
Including 12.00 14.00 2.00 0.81
And 13.15 14.00 0.85 1.38
CHD-06 30.80 56.00 25.20 0.18
Including 40.00 49.00 9.00 0.25
And 101.00 102.00 1.00 0.40
And 122.00 128.00 6.00 0.22

All holes were drilled at – 60 degrees inclination and at an azimuth (“az”) as follows: CHD-01 az 90 degrees; CHD-02 az 305 degrees; CHD-03 az 90 degrees; CHD-04 az 90 degrees; CHD-05 az. 90 degrees; and CHD-06 az 315 degrees. True widths are presently unknown, as the discovery holes do not have enough information yet to identify where the holes are located in the mineralized system.

Assaying for this drill program is being done by ALS Chemex located in Vancouver, B.C. Sample preparation is done at the Chemex lab in Hermosillo, Mexico, then pulps are shipped to Vancouver for analysis. Prepared samples are analyzed for gold by the Au – ICP21 method and multi-elements by ME – MS61, preparation 31B.

Drill core was sawn in half by a gas-powered diamond saw, then photographed and logged. One half of the core is sent for assay analysis and the other retained at the Company’s secure exploration facility in Sahuripa, Mexico.

Project 1068 – Drill permits received

The Company also reports receipt of SEMARNAT’s (Mexico’s environment ministry, Secretariat of Environment and Natural Resources) approval for drilling at the Company’s 100% owned 1068 copper/gold/moly porphyry project. Recent exploration activities included initial construction of access roads to drill pad locations. As the roads were side cut into relatively steep gully terrain, the porphyry intrusive body was exposed at various intervals along the road. Where the bulldozer managed to gouge deep enough into the side hill, visible copper oxides were noted over significant lengths. Continuous channel samples (each sample being 3 – 4 metres in length) were collected intermittently along approximately 200 metres where the road cut into the potassic core alteration. Assay results are expected shortly. Preparations for a maiden drill program at Project 1068 will begin in a few weeks, once roads have dried out after seasonal rains currently affecting the area.

Quality Assurance and Quality Control

The Company’s QA/QC program consisted of submission of duplicate samples and insertion of certified reference material and blanks inserted at regular intervals. These were inserted every 10 samples, or 10% of the total. Samples were bagged and tagged at the Company’s core facility in Sahuripa, Mexico and held in a secure environment, until being picked up by ground transport of ALS Chemex.

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 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 56,201,832 issued and outstanding shares.

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & 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.

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.

Chunibas Drill Program Expanded After Discovery of Large Intrusive Breccia System

By | 2017
Vancouver, B.C. – July 20, 2017: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) has increased the Chunibas HQ core drilling program from four to six holes following the discovery of an extensive, previously unknown, intrusive breccia associated with mineralization encountered during the current drill phase. Management considers this to be a very important discovery and is working on multiple fronts to ascertain how to best explore it and determine its economic significance.

Bob Willis, San Marcos CEO stated,

It is very early days, but we don’t want to understate the potential significance of this discovery. It’s too early to classify this new discovery though it has affinities to both breccia-hosted and intrusive-hosted systems, which are host to some large gold and gold-copper discoveries worldwide made in the recent past.

“Our core drilling, the first on the property, allowed us to log long contiguous sections of rock unaffected by surface weathering, something unavailable to past workers. This led to the discovery of the new intrusive breccia in all holes drilled so far, extending from the top to the bottom of the holes in most cases. Subsequent prospecting confirmed the breccia extends at least 200 metres west and 300 metres south of the Hole 1 and Hole 4 areas and it remains wide open. The area will be remapped to determine the surface extent of the breccia but early indications from our widely spaced drill holes is that it is fairly large. While we need to understand zoning or other possible controls on gold emplacement, we are highly encouraged that all core containing breccia assayed to date exhibits at least anomalous (greater than 50 ppb) gold values. It will be exciting times as we work to define the magnitude of the system, refine and better understand the geological model and locate zones of mineralization with economic interest. San Marco is taking this discovery very seriously and shareholders should expect more reporting on it in coming weeks. “

As indicated in the Company’s News Release dated May 31, 2017, the primary objective of the current drill program was to confirm the presence of higher grade mineralization within narrow (1 – 2 metres wide) shear zones, and possibly low-grade mineralization in the flanking wall rock. Exploration by previous property owners consisted exclusively of surface work and RC drilling. They concluded the Chunibas system was of the low sulphidation, epithermal type with mineralized shears / veins hosted in a monzonite intrusion. The San Marco core-drilling program was designed to test three separate areas of old workings and presumed shearing along approximately 1,000 metres of north-south strike.

Upon commencement of drilling and logging of the core, it immediately became apparent that the dominant rock type in the drill core is a multi-lithic (breccia fragments of different compositions) highly altered, intrusive breccia, and NOT monzonite. Two holes (drilled to the east at – 60 degrees) around the southernmost workings intersected breccia from the collars to total depth (154 metres and 201 metres respectively). Additional holes completed to date have intersected breccia as well. Drilling has now been concluded, with approximately 860 metres completed in the six core holes, see map Chunibas Geology and Drill hole location July 20-17*, for locations of drill collars from the current program as well as historic drilling. Following are the results of three holes, one each in the three areas of old workings over 1000 metres of strike. Results of remaining holes will be released when all assays are received and analyzed.

Highlights are:

Hole CHD – 01 39.0 metres of 0.67 grams per tonne gold

  • Including 20.0 metres of 1.05 grams per tonne gold, 2.15 metres of 1.97 grams per tonne gold and 1.0 metre of 4.55 grams per tonne gold

Hole CHD – 02 21.0 metres of 0.58 grams per tonne gold,

  • Including 1 metre of 6.78 grams per tonne gold, 1.20 metres of 2.42 grams per tonne gold at the bottom of the hole (i.e. hole ended in mineralization)

Hole CHD – 03 3.3 metres of 5.05 grams per tonne gold. Hole ended in mineralization with the final 2.2 metres grading 1.05 g/t gold (a separate interval)

Note; Hole CHD-03 intersected primarily diorite host rock rather than breccia, thus gold mineralization is primarily restricted to the higher-grade shear zone.

Early interpretation of these results indicates discovery of a breccia body, which has a significant footprint horizontally and vertically. Although breccia was previously identified in isolated outcrops, it was not systematically mapped nor recognized as an important host rock to mineralization. Holes CHD 01 and CHD 02 also exhibit anomalous gold (0.12 – 0.14 g/t over 30 -35 metres, higher up in the drill hole) in core, which does not appear to contain structures, suggesting gold may be disseminated in the breccia. All gold intercepts so far received are consistent with historical Reverse Circulation drill hole assay grades. The current drill program confirms gold mineralization exists from surface to approximately 75 metres below surface, and is open to depth, and in all directions laterally.

Based on review of the drill core and potential size implications of the breccia body, the next exploration steps will include;

  • Receipt of and plotting / compilation of all drill holes assays.
  • Merger of historic data together with 2017 results to generate 3D Leapfrog model to create a solid basis for additional exploration.
  • Remapping of the surface geology, with particular attention to the distribution and types of breccia.
  • Continue petrographic studies with emphasis on host rock textures, character of hydrothermal alteration, and the distribution and controls to gold mineralization
  • Remodelling of all surface geochemical data to investigate potential pathfinder elements better suited to delineate the footprint of the breccias and identify / vector towards areas with higher grade mineralization.

Follow up drilling is expected to be commenced once targeting based on the new model is completed. Please see table below for complete listing of significant assays from holes reported today.

DH From [m] To [m] Interval [m] Au [g/t]
CHD-01 88.00 127.0 39.0 0.67
Including 93.0 113.0 20.0 1.05
And 93.85 96.0 2.15 1.97
And 111.0 112.0 1.0 4.55
CHD-02 45.0 66.0 21.0 0.58
Including 51.0 52.0 1.0 1.01
And 60.0 61.0 1.0 6.78
And 109.0 110.2 1.2 2.42
(last sample at the end of the hole)
CHD-03 30.0 43.3 3.3 5.08
Including 40.0 42.0 2.0 6.74
And 118.0 120.2 2.2 1.05
(last sample at the end of the hole)
CHD-04 Assays Pending
CHD-05 Assays Pending
CHD-06 Assays Pending

All holes were drilled at – 60 degrees inclination and azimuths of CHD-01: 90 degrees; CHD-02: 305 degrees; and CHD-03: 90 degrees. True widths are presently unknown, as the discovery holes do not have enough information yet to identify where the holes are located in the mineralized system.

Assaying for this drill program is being done by ALS Chemex located in Vancouver, B.C. Sample preparation is done at the Chemex lab in Hermosillo, Mexico, pulps are then shipped to Vancouver for analysis. Prepared samples are analyzed for gold by the Au – ICP21 method and multi-elements by ME – MS61, preparation 31B.

Drill core was sawn in half by a gas-powered diamond saw, then photographed and logged. One half of the core is sent for assay analysis and the other retained at the Company’s secure exploration facility in Sahuripa, Mexico.

The QA/QC program consists of submission of duplicate samples and insertion of certified reference material and blanks inserted at regular intervals. These are inserted every 10 samples, or 10% of the total. Samples are bagged and tagged at the Company’s core facility in Sahuripa, Mexico and held in a secure environment, until picked up by ground transport of ALS Chemex.

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 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 56,051,832 issued and outstanding shares.

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & 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.

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 Sell La Pinta 06 to a Subsidiary of Goldcorp

By | 2017

Vancouver, B.C. – June 15th, 2017: San Marco Resources Inc. (SMN: TSX-V) has entered into an agreement to sell its La Pinta 06 concession in Zacatecas, Mexico to a subsidiary of Goldcorp. Inc. for $4,090,545 MXN ($225,000 USD) and a 1% net smelter return royalty on future production from the concession. Completion of the sale is subject to the approval of the TSX Venture Exchange.

The monies generated from the sale of La Pinta 06 concession, a non-core asset, will go into working capital as San Marco focuses on its recently announced drill program on its Chunibas project, trenching program on its Oregano project, further ground work surface sampling on its 1068 project and its on-going generative program.

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 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 56,051,832 issued and outstanding shares.

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & 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 Grants Incentive Stock Options

By | 2017
Vancouver, B.C. – June 5, 2017: San Marco Resources Inc. (SMN: TSX-V) announces that, following its annual general meeting on Thursday, May 31st, it has granted options to directors, officers and consultants to purchase a total of 1,700,000 shares at a price of $0.19 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, 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 56,051,832 issued and outstanding shares.

On behalf of the Board of Directors,
Robert Willis, P. Eng.
President & 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.