Significant gold resource - Excellent infrastructure

Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.

Canplats Resources Profile

Canplats Resources Corp. Vancouver, TSX.V: CPQ, Canplats was originally incorporated in 1967 as Colby Mines Ltd. The company became Canplats Resources Corporation in 2000 trading on the TSX Venture in 2001.

Canplats' management team is comprised of geologists and mining engineers with extensive experience in the exploration, development, financing and operation of both underground and large-scale open pit mines.

The Camino Rojo (Red Road) Discovery - Mexico

Camino Rojo is a new gold and polymetallic discovery and the focus of Canplats' exploration efforts. The 340,000 hectare (1,300 square mile) project is wholly-owned by Canplats and is located in an area of excellent infrastructure, 50 kilometers to the southeast of Goldcorp's Penasquito mine.

“This resource estimate establishes the Represa Zone as one of the most significant new gold discoveries in recent years in the Americas” Gordon Davis, CEO

Canplats has outlined measured resources of 0.235 million ounces gold, indicated resources of 3.210 million ounces gold, and inferred resources of 0.555 million ounces gold at Camino Rojo.

As well, a total of 60.7 million ounces of silver resources have also been outlined in measured and indicated categories.

Investment Highlights

  • Over 340,000 hectares in size or 1,300 sq. miles – larger than the state of Rhode Island
  • Excellent infrastructure: highway and power, flat topography, located close to a town
  • site in a mining-friendly state
  • Main zone at Camino Rojo, Represa, hosts 3.44 million oz Au Measured and Indicated;
  • 0.56 million oz Au Inferred; 60.7 million oz Ag Measured and Indicated; 7.6 million
  • ounces Ag Inferred
  • Mineralization at Represa Zone has been traced over 1,300 metres along strike and
  • remains open to the east, west and to depth
  • A number of promising targets areas outside of Represa Zone have been identified

Looking forward

  • Metallurgical results expected in Q1, 2009
  • Continued exploration
  • Reconnaissance-style exploration program on priority targets within the 1,300 square mile property
  • Test potential extensions of Represa along strike to the east, west and to depth
  • Test other identified targets within the 2.2 km long Represa-Don Julio Trend

Camino Rojo, Represa, hosts total in-situ resources of:

  • 4.0 million oz Gold - Measured, indicated & inferred
  • 68.32 million oz Silver – Measured, indicated & inferred
Last changed at 02-Sep-2011 11:36PM by AGORACOM-GT