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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.

14 dic 2009

Marifil Files NI 43-101 Report on Lithium in Catamarca Province


SPOKANE, WASHINGTON--(Marketwire - Dec. 14, 2009) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") announces that an independent geological consultant has completed a National Instrument 43-101 report on Marifil's lithium claims (cateos) in Catamarca Province, Argentina. This report has been filed on SEDAR and is available on the company website at: www.marifilmines.com.

The NI 43-101 report recommends a two phase program for a total cost of $1,500,000. Phase I, at a cost of $225,000, will be comprised of additional sampling and geophysical work. Phase II, at a cost of $1,275,000, will include 7,900 meters of drilling. This program will be sufficient to carry out an NI 43-101 compliant ore resource calculation on at least two or more of the claims.

The Company has completed some initial economic model studies showing that an area as small as 1,000 hectares could contain more than 250,000 tons of recoverable lithium from a brine column 25 meters thick, grading 200 parts per million lithium, assuming a porosity of 8%, a brine density of 1.3 grams per cubic centimeter, and an overall recovery factor of 50%. Equally important, our exploration model suggests that this resource might be partially renewable from ground water influx.

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com.)

General Disclaimer

Marifil Mines Ltd. "Marifil" has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer or other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.

Forward-Looking Statements

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.



The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


For more information, please contact

Marifil Mines Ltd.
John Hite
President
(509) 467-5200
or
Marifil Mines Ltd.
Hugh Oswald
Investor Relations
(604) 684-4743 ext. 243
hugh@ascentacapital.com
www.marifilmines.com


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