Oceanus Reports a Wide Zone of 127 Meters of 2.16 g/t Gold Equivalent Consisting of 1.80 g/t Gold and 27.5 g/t Silver at its El Tigre Property in Sonora, Mexico

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HALIFAX, NOVA SCOTIA / TheNewswire / March 7, 2016Oceanus Resources Corporation (TSXV:OCN) (“Oceanus” or the “Company”) is pleased to report results from its infill gap sampling program on the legacy diamond drill core at its El Tigre Property. These assay results indicate a broader halo of gold and silver mineralization than previously recognized. This wide zone of gold and silver mineralization, which starts at surface, may have future potential for open pit bulk mining. After Oceanus included the new assay results for the legacy diamond drill holes, the mineralized intercept for select holes are as follows:

-Hole ET-13-051 – 127.0 meters of 2.16 g/t gold equivalent consisting of 1.80 g/t gold and 27.5 g/t silver; including 33.0 meters of 4.73 g/t gold equivalent consisting of 4.48 g/t gold and 18.5 g/t silver

-Hole ET-13-077 – 139.1 meters of 1.02 g/t gold equivalent consisting of 0.94 g/t gold and 6.6 g/t silver

-Hole ET-13-056 – 67.4 meters of 1.67 g/t gold equivalent consisting of 1.07 g/t gold and 44.7 g/t silver

-Hole ET-13-064 – 42.0 meters of 1.53 g/t gold equivalent consisting of 1.10 g/t gold and 32.4 g/t silver

 

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