San Marco Resources Inc. (TSX-V:SMN) announces that Phase 1 exploration drilling results from its 100% owned Chunibas copper/silver project, located in Sonora State, Mexico  have been received. San Marco and a wholly-owned subsidiary of Antofagasta plc have entered into an earn-in agreement to jointly explore and drill test several copper-silver rich mineralized targets mapped on surface. Antofagasta is funding all activities during the Phase I exploration program, to a maximum of US$700,000.

Initial results from the program confirm the existence of a typical copper-silver “Manto-Type” system. This initial program consisted of approximately 1,640 metres of diamond drilling distributed over 7 shallow drill holes. Five holes tested 1.2 km of the NW-SE striking mineralized corridor, whilst the remaining two holes tested approximately 400m width along one NE – SW section perpendicular to the corridor.

The initial drill campaign achieved and confirmed the down-dip and along strike continuity of alteration, mineralization and receptive rock units mapped on surface. Highlights of the mineralized intervals are as follows:

• Drill hole CHD18-05: 7.45 meters @ 0.1% Cu and 2.3 g/ton Ag

22 meters @ 0.05% Cu and 0.7 g/ton Ag

• Drill hole CHD18-06: 3.0 meters @ 0.08% Cu and 0.6 g/ton Ag
• Drill hole CHD18-07: 6.0 meters @ 0.06% Cu and 0.3 g/ton Ag

San Marco CEO Christian Grijalva stated: “We are pleased that Phase I drill results have confirmed the existence of a copper mineralized system and provided useful third dimension data to assist in vectoring towards the source of mineralization, and potentially higher-grade copper zones. The Company’s goal is to identify a sizable mineralized “Manto-Type” system with the potential to meet the high thresholds of its partnership with Antofagasta. The first phase drill program was designed to broadly test the target for certain geological characteristics associated with the type of deposit sought. The Company and its partner will evaluate the latest data for ongoing exploration and vectoring guidance in planning a next phase of exploration.”

Final interpretation of drilling results will continue through Q1, to help vector towards areas which may host feeder zones of higher-grade mineralization.

Additional planned field work for Q1 will include detailed mapping and sampling of additional prospective areas already identified by first-pass work. The additional areas to be explored are represented by several volcanic units with strong evidence of alteration and mineralization, similar to what has been seen over the drill tested zones.

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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.