CERRO RESOURCES - 18m @ 261g/t SILVER EQUIVALENT FROM 155M + HIGH GRADE HIGHLIGHTS IN NORTHERN EXTENSION at NAMIQUIPA, MEXICO
April 27, 2012: Cerro Resources NL (ASX/TSX-V: CJO) is pleased to advise that further drill results from the Namiquipa Silver Project, in Chihuahua, Mexico, confirm considerable silver/lead/zinc mineralization extending 200m North of the historic La Venturosa mine workings.
Results of 9 holes drilled in the northern area of the Princesa/Megan vein system included:
? 18m @ 261g/t AgEq (NAM-064) from 155m, including o 0.7m @ 1,332g/t AgEq (NAM-064) from 156.8m (1,170g/t Ag, 5.60%Pb) o 1.0m @ 2,151g/t AgEq (NAM-064) from 163m (1,995g/t Ag, 5.57% Pb) ? 0.87m @ 1,151g/t AgEq (NAM-061) from 185.93m (771g/t Ag, 6.93%Pb) ? 0.57m @ 910g/t AgEq (NAM-062) from 198.59m (614g/t Ag, 5.39%Pb and 9.26% Zn) ? 1.0m @ 1,179g/t AgEq (NAM-065) from 189m (1,775g/t Ag)
More than 1km of strike length has now been demonstrated to show continuity along strike and down dip within the vein systems (refer figure 1, page 2), with: ? Wide intervals of good grade material (+150g/t Ag Eq) recurring at depths of 130m- 220m below surface, along the 1km approx. strike length, and where ? Supergene high grade (+1000g/t Ag Eq) intervals occur frequently both throughout the 130m-220m depth zone, as well as above and below that zone.
Namiquipa Project Drill Program
The results reported are for drilling up to the end of March and for which assay results have been received.
Further drill results are pending.
CJO Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
