VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 13, 2016) – San Marco Resources Inc. (TSX VENTURE:SMN) (“San Marco” or the “Company”) announces receipt of all necessary permits from the Mexican environmental and natural resources ministry, Secretaría del Medio Ambiente y Recursos Naturales (SEMARNAT) allowing the Company to carry out additional surface exploration activities, including trenching and drilling, on its Chunibas property. As announced November 1st, 2016, the Company also has agreements with local ejidos (communal agricultural land authorities) allowing surface access for an indefinite period.
The Chunibas property is an intrusive hosted, intermediate sulphidation gold system, together with anomalous concentrations of silver, copper, lead and zinc. Gold is hosted in shear zones of various orientations with mineralization open in all directions. Historic drill results demonstrate that significant gold values occur not only within discrete, metric scale structures but within broad haloes of lower grade material.