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Cream Minerals Drills Two Metres of 147.00 g/t Silver and 0.454 g/t Gold in
New Zone Cafetal-Veta Olvidada, Nuevo Milenio Silver-Gold Project, Mexico
Click Here for a Free Real-time Stock Quote on TSX-V: CMA
VANCOUVER, BRITISH COLUMBIA--(Feb. 16, 2012) - Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)(FRANKFURT:DFL) ("Cream" or the "Company") is pleased to provide results for seven exploration drill holes completed on Cafetal-Veta Olvidada, The Cafetal-Veta Olvidada zone is located to the east of Once Bocas South and trends SE/NW. This new zone is not included in the current NI 43-101 Inferred Mineral Resource.
Cafetal-Veta Olvidada is contained within the much larger Area Cafetal which has dimensions of approximately 600 metres by 325 metres. Cafetal-Veta Olvidada is a poorly exposed 10 metre wide composite zone of quartz breccia and quartz veins-quartz stock work exhibiting intense weathering and oxidation. Detailed geological mapping conducted in 2010 located quartz float trains, sub outcrops and veins with associated quartz stock work. Other parallel quartz veins quartz stock work zones have been mapped within Area Cafetal.
Drill hole DDH 16-03 (completed in 2003 and located at the south eastern portion Cafetal-Veta Olvidada) tested an area of quartz float shedding along a contact between rhyolite flows and rhyolite tuffs. It intersected several well defined quartz veins and quartz stock work zones which returned good silver and gold values. Brecciation and oxidation observed was minimal compared to the northwestern outcrops of Cafetal-Veta Olvidada.
Cafetal-Veta Olvidada was drilled for a strike length of 400 metres of the 500 metres mapped on surface. The zone is open to the NW and to the SE.
HIGHLIGHTS OF THE DRILL RESULTS
Highlights include significant drill intersections (intersections are drill widths, true widths are 50% to 70% of drill intersected width depending on drill inclination).
CAF 05-11
2.00 metres of 72.30 g/t Ag and 0.281 g/t Au including 2.00 metres of 87.70 g/t Ag and 0.210 and; 2.00 metres 75.10 g/t Ag and 0.160 g/t Au.
CAF 06-11
2.00 metres of 139.90 g/t Ag and 0.643 g/t Au
CAF 01-11
2.00 metres of 147.00 g/t Ag and 0.454 g/t Au
ASSAY RESULTS
Drill Hole CAF 01-11 was located in the north central portion of Cafetal-Veta Olvidada with the goal of intersecting both the Cafetal and Veta Olvidada structures.
Description
CAF 01-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Quartz breccia
1965
26.50
28.50
2.00
24.20
0.094
1966
28.50
30.50
2.00
19.50
0.110
Breccia fault
1979
60.50
62.50
2.00
147.00
0.454
Breccia, oxidation
1986
83.25
85.25
2.00
12.10
0.017
Fault
1987
85.25
87.25
2.00
8.00
0.033
1988
87.25
89.25
2.00
27.70
0.067
Drill Holes CAF 02-11 and CAF 03-11 are located along the same section and were also intended to intersect both the Cafetal and Veta Olvidada structures.
Description
CAF 02-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Breccia
2016
50.00
52.00
2.00
10.20
0.022
Breccia
2027
137.75
139.75
2.00
26.00
0.068
2028
139.75
141.75
2.00
4.70
0.011
2029
141.75
143.75
2.00
19.00
0.099
Breccia
2044
184.00
186.00
2.00
4.30
0.127
Drill Hole CAF 03-11 encountered intense oxidation, brecciation and faulting of the core suggesting leaching of the values. No significant silver or gold values were returned.
Drill Hole CAF 04-11 is located along the north side of Arroyo San Miguel. Poor ground conditions and excess water due to sub-tropical rains made in it impractical to continue drilling. The hole was stopped short of its intended depth.
Description
CAF 04-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Quartz breccia oxides
2121
35.50
37.50
2.00
18.20
0.061
Breccia Qtz fragments, Tuffs
2122
37.50
39.50
2.00
50.30
0.168
Drill Hole CAF 05-11 is located in Arroyo Cafetal about 100 metres SW of CAF 04-11.
Description
CAF 05-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Quartz vein
2127
48.20
50.20
2.00
20.10
0.068
Quartz vein
2135
138.50
140.50
2.00
72.30
0.281
Breccia oxidized
2140
229.90
231.90
2.00
87.70
0.210
2141
231.90
233.90
2.00
75.10
0.160
2142
233.90
235.90
2.00
6.20
0.040
2143
235.90
237.90
2.00
21.70
0.160
2144
237.90
239.90
2.00
10.00
0.646
Drill Holes CAF 06-11 and CAF 07-11 were located along the same section approximately 40 metres west of drill hole DDH 16-03
Description
CAF 06-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Quartz vein
2158
29.25
31.25
2.00
0.90
0.877
Quartz vein
2168
85.00
87.00
2.00
25.20
0.102
2169
87.00
89.00
2.00
11.60
0.061
Quartz vein
2170
101.50
103.50
2.00
14.70
0.146
Stock work
2175
117.50