1 TSX-V: MSR May 29, 2015 Minsud Announces Initial Resource Estimate at the Chita Valley Project, San Juan, Argentina TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the “Company”) completed 27 HQ diamond drill holes totaling 3,995 metres (“m”) in 2011 and 2014 in the southern Chita Porphyry sector of the Chita Valley Project (see earlier press releases dated September 6, 2011, January 26, 2012, June 30, 2014 and November 4. 2014). Four historical holes completed in 1969, three holes from 1976 and one RC hole from 1996, most of which have been re-sampled and re-analyzed by Minsud, are added to the drilling database. The total database utilized for resource estimation includes 34 core holes and 1 reverse circulation hole totaling 5,193 m and 150 m, respectively for a combined total of 5,343 m (see table below). The drill holes tested a substantial zone of Cu-Au-Ag-Mo mineralized multi-stage vein systems and hydrothermal breccias in the southwestern border zone of the sector. In the 4 th Quarter of 2014 and the 1 st Quarter of 2015 the Company commissioned petrographic and scanning electron microscopy (“SEM”) analysis of mineralized material and scoping level metallurgical testwork, focusing on leachable copper, respectively. DRILL HOLE DATABASE SUMMARY Drilling Type # Drill Holes Metres of Drilling # Cu Assays # Au Assays # Ag Assays # Mo Assays Historical Drill Holes 8 1,348 775 75 75 699 2011 Minsud Drill Holes 3 884 877 877 877 877 2014 Minsud Drill Holes 24 3,111 1,530 1,530 1,530 1,530 Total 35 5,343 3,182 2,482 2,482 3,106 In March 2015, Minsud retained P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario to review project data and prepare a Technical Report that complies with Canadian National Instrument 43-101 standards. The report includes a Mineral Resource estimated under the CIM definition standards (3) . In P&E's opinion, the drilling, assaying and exploration work of the Chita Porphyry supporting this Mineral Resource Estimate are sufficient to indicate a reasonable potential for economic extraction. All mineral resources were classified as Inferred category based on the geological interpretation, semi-variogram performance and drill hole spacing. The Mineral Resource Estimate is tabulated below. P&E considers that the Cu, Au, Ag and Mo mineralization is potentially amenable to Open Pit extraction. The Technical Report will be publically filed under the Company’s profile at www.sedar.com within 45 days. CHITA IN PIT MINERAL RESOURCE ESTIMATE STATEMENT (1-4) All Inferred resources at 0.3% Cu Cut-off Tonnes Cu Contained Cu Au Contained Au Ag Contained Ag Mo Contained Mo Mt % M lb g/t K oz g/t M oz % M lb 18.3 0.44 176.8 0.07 38.0 2.4 1.4 0.019 7.8
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TSX-V: MSR
May 29, 2015
Minsud Announces Initial Resource Estimate at the Chita Valley Project, San Juan, Argentina
TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the
“Company”) completed 27 HQ diamond drill holes totaling 3,995 metres (“m”) in 2011 and
2014 in the southern Chita Porphyry sector of the Chita Valley Project (see earlier press
releases dated September 6, 2011, January 26, 2012, June 30, 2014 and November 4. 2014).
Four historical holes completed in 1969, three holes from 1976 and one RC hole from 1996,
most of which have been re-sampled and re-analyzed by Minsud, are added to the drilling
database. The total database utilized for resource estimation includes 34 core holes and 1
reverse circulation hole totaling 5,193 m and 150 m, respectively for a combined total of 5,343
m (see table below). The drill holes tested a substantial zone of Cu-Au-Ag-Mo mineralized
multi-stage vein systems and hydrothermal breccias in the southwestern border zone of the
sector. In the 4th Quarter of 2014 and the 1
st Quarter of 2015 the Company commissioned
petrographic and scanning electron microscopy (“SEM”) analysis of mineralized material and
scoping level metallurgical testwork, focusing on leachable copper, respectively.
This news release includes certain information that may constitute forward-looking information under applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, anticipated financial results, future work programs, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information including, but not limited to: fluctuations in the currency markets (such as the Canadian dollar, Argentina peso, and the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada and Argentina or other countries in which the Corporation may carry on business in the future; operating or technical difficulties in connection with exploration and development activities; risks and hazards associated with the business of mineral exploration and development (including environmental hazards or industrial accidents); risks relating to the credit worthiness or financial condition of suppliers and other parties with whom the Company does business; presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Argentina; employee relations; relationships with and claims by local communities; availability and increasing costs associated with operational inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; business opportunities that may be presented to, or pursued by, the Company; challenges to, or difficulty in maintaining, the Company’s title to properties; risks relating to the Company’s ability to raise funds; and the factors identified under “Risk Factors” in the Company's Filing Statement dated April 27, 2011 and the Company’s most recently filed Management’s Discussion and Analysis of its Financial Statements, which are available under the Company’s profile on www.sedar.com. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking-information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this