Business & Finance
Business and Finance
Business and Finance 
Tue, June 1, 2010
Cream Minerals Acquires 700 Hectare Property Adjoining the Las Habas High Grade Silver-Base Metal Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2010) - Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)(FRANKFURT:DFL) ("Cream" or the "Company") is pleased to announce that its 100% owned subsidiary Cream Minerals De Mexico S.A. De C.V., has filed an application to denounce approximately 700 Hectares ("Ha") adjoining the Las Habas Project. The newly denounced land package is located to the West of, and adjoins the Las Habas Project. The denouncement will increase Cream's land holdings in the area to 1036 Ha (10.36 km2), subject to the issuance of title to the land.
From 1986 to 1993 Consejo De Recursos Minerales conducted a regional prospecting program including the Las Habas area discovering high grade Silver – Base metal quartz veins and Silver – Base metal bearing Skarn zones.
Ing. German Francisco, Cream Minerals De Mexico field geologist, conducted a property visit as well as a preliminary regional study. He confirms the presence of mineralized targets as reported in the Consejo Recursos Minerales Report and the possibility that the known vein structure trends from the recently optioned Las Habas Project onto the newly denounced land. His work also confirms the presence of two different types of mineralization at the Las Habas Project.
- Gold – Silver with base metal values localized within structural zones filled by quartz breccia veins as the N15W trending Las Habas vein structure, 2 metres to 3 metres wide; The N45W trending HCS vein zone, 2 metres to 4 metres wide; the N35W trending Tusierra zone, 8 metres to 10 metres wide. Other known quartz vein zones trend East – West and North – South. These quartz veins are reported to contain pockets of bonanza grade silver.
- Two North trending folded limestone units which are intruded by porphyritic andesite and granodiorite hosting skarn zones with associated gold, silver, lead, zinc and copper sulfides –the Las Habas Project Zone.
| Table 1 details higher grade assays obtained from skarn samples highlighted in Consejo's Report on the Las Habas Project: |
| Quartz Vein | Sample # | Sample width in m | Au g/t | Ag g/t | Pb % | Cu % | Zn % |
| Habas N | R - 2 | 1.00 | 0.70 | 478.40 | 2.74 | 0.76 | 11.40 |
| R - 6 | 0.90 | 0.69 | 620.26 | 3.28 | 0.74 | 16.20 | |
| Hab 20 | 1.30 | 0.57 | 422.64 | 2.21 | 0.67 | 11.87 | |
| Hab 24 | 0.95 | 0.46 | 355.72 | 1.80 | 0.11 | 10.43 | |
| Hab 26 | 1.20 | 0.65 | 366.29 | 2.00 | 0.05 | 10.31 | |
| Habas Centro | R - 16 | 1.00 | 0.75 | 336.47 | 1.10 | 0.13 | 24.40 |
| R - 17 | 1.20 | 0.52 | 341.05 | 1.15 | 0.16 | 14.30 | |
| Hab - 18 | 1.80 | 0.75 | 370.09 | 1.33 | 0.13 | 23.00 | |
| Hab - 19 | 1.80 | 0.40 | 228.95 | 0.83 | 0.07 | 8.11 |
| Table 2 details assays obtained from quartz vein structures obtained highlighted in Consejo's report on the Las Habas Project: |
| Quartz Vein | Sample # | Sample width in m | Au g/t | Ag g/t | Pb % | Cu % | Zn % |
| Habas Sur | CHB - 7 | 0.50 | 8.69 | 129.04 | 3.29 | 0.08 | 0.84 |
| CHB - 8 | 0.50 | 2.78 | 47.89 | 1.20 | 0.03 | 0.32 | |
| CHB - 9 | 0.40 | 3.32 | 15.89 | 0.45 | 0.03 | 1.20 | |
| CHB - 11 | 0.40 | 4.05 | 95.63 | 0.45 | 0.14 | 0.18 | |
| Tusierra | T - 14 | 1.00 | 0.18 | 401.41 | 4.11 | 0.07 | 0.85 |
| T - 15 | 0.80 | 1.42 | 237.35 | 4.80 | 0.03 | 2.07 | |
| T - 16 | 0.80 | 0.24 | 1,967.80 | 6.01 | 0.75 | 14.30 | |
| T - 27 | 0.90 | 0.25 | 2,574.36 | 22.80 | 0.37 | 0.11 | |
| HSC | HSC -1 | 1.00 | 0.45 | 186.90 | NA | NA | NA |
| E687881 | 0.90 | 0.70 | 131.20 | NA | NA | NA |
Cream Minerals Ltd. cautions investors that the above assay data is historical in nature and has not been verified by Cream Minerals Ltd. Furthermore it is uncertain if further exploration will confirm the historical grades reported.
Mr. Ferdinand Holcapek, P. Eng., Director and Administrator General, Cream Minerals De Mexico, SA de CV, supervises exploration programs on all Project. He is responsible for all technical reporting and is the Company's "Qualified Person" for the purpose of National Instrument NI 43-101.
Cautionary Language and Forward-Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's filings that are available at [ www.sedar.com ] or the Company's website at [ www.creamminerals.com ].
U.S. 20-F Registration: 000-29870
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."