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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.

1 mar. 2012

Marifil Reports Trenching Results on Cerro Samenta Porphyry Copper Property


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2012) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") reports that re-sampling of trenches on its Cerro Samenta porphyry copper project, Salta Province, Argentina confirms the presence of strong copper mineralization. The encouraging results of this sampling are set out in Table 1 below:




The trenches were originally dug by Teck Corp in the 1990s (see Marifil News Release dated November 30, 2011). The sample program was carried out by Petro Gold Servicios Mineros S.R.L., an independent geological services company. The purpose of the sampling program was to verify the presence and extent of oxide soluble copper.

Marifil concludes from the results of this examination that a significant copper oxide deposit may be present and that additional trenching along with shallow rotary drilling is justified. Marifil also believes that copper sulfide mineralization associated with the oxide copper deposits has been insufficiently tested by previous workers, and the property shows good promise for discovery of a porphyry copper deposit.

The Cerro Samenta property lies within a transverse continental scale lineament known as the Archibarca Lineament which localizes a string of porphyry copper prospects and deposits including Escondida situated 120 kilometers to the northwest of Cerro Samenta in Chile.

The project comprises two large and separate intrusive centers, the North Zone and the South Zone. Both zones display porphyry style copper and molybdenum sulfide mineralization within clusterhydrothermally altered quartz monzonite and rhyolitic intrusives. Both of the sulfide systems show strong induced potential (I.P.) geophysical anomalies. The South Zone appears to have been adequately drill tested by previous workers, but the North Zone, the site of the oxide copper trenches, lacks sufficient drilling for testing all the exploration potential.

Jeff Toohey, a qualified person and geologic consultant retained by Marifil to study the porphyry exploration potential of the property, concludes that further work is warranted and recommended with three key drill targets in the North Zone: the untested north-western quadrant of the chargeability anomaly (I.P.); the hydrothermal breccia deposit; and the sources of other occurrences of moderate- to high-grade oxide-Cu mineralization that has been sampled in soils and float and exposed in the sampled trenches to the south of the hydrothermal breccia.

Mr. Richard Walters remarks, "Cerro Samenta lies within a well established structural corridor hosting several porphyry copper deposits. It has easy access, and it's big with plenty of exploration romance. Already, a major copper producer has approached Marifil to engage in joint venture terms discussions."

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. Walters is a Qualified Person as defined by National Instrument 43-101.

WE SEEK SAFE HARBOR.

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 of 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.

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.)

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

Contact Information


Marifil Mines Ltd.
John Hite
President
(702) 562-4880
www.marifilmines.com

Marifil Mines Ltd.
Hugh Oswald
Investor Relations
(604) 684-4743 ext. 243
hugh@ascentacapital.com




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