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Sunward Expands Cerro Vetas Mineral Body, Titiribi Gold-Copper Project, Colombia

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  Published in Business and Finance on Wednesday, July 14th 2010 at 7:55 GMT by Market Wire
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 - Wide gold-copper intercept of 340.25 metres grading 0.46 g/t gold and 0.14% copper. Confirming size and grade of mineralization encountered by previous development drilling at Cerro Vetas. The intercept is nested within a broader zone of mineralization, grading 0.34 g/t gold and 0.11% copper over 583 metres beginning from surface. - A second significant mineralized interval was encountered beginning at 823.40 metres downhole depth. This mineralization occurs approximately 200 vertical metres deeper than the current resource at Cerro Vetas. The gold mineralizing system appears to maintain its strength at depth, with assays of 0.49 g/t gold and 0.05% copper over 24.2 metres - consistent with gold grades observed in shallower mineralized intercepts. ------------------------------------------------------------------------- Orient- ation Au Drill (incli- Total (g/t) Cu % hole nation/ Depth Length wt. wt. ID Azimuth) (m) From To (m) Lithology avg avg ------------------------------------------------------------------------- CV018 -56/N232 1031.80 0 583 583 Porphyry 0.34 0.11 and Intrusive Breccia ------------------------------------------------------------------------- Including 238.25 578.50 340.25 Intrusive 0.46 0.14 Breccia ------------------------------------------------------------------------- Including 321.70 347.50 25.8 Intrusive 0.85 0.11 Breccia ------------------------------------------------------------------------- 551.50 571.00 19.5 Intrusive 1.14 0.29 Breccia ------------------------------------------------------------------------- 823.40 847.60 24.2 Intrusive 0.49 0.05 Breccia and Granodiorite ------------------------------------------------------------------------- 

 - The widest intersection of gold/silver mineralization recorded at Chisperos, in hole CP001, with 124.1 metres of 0.45 g/t gold and 0.63 g/t silver. 

 ------------------------------------------------------------------------- Orient- ation Au Ag Drill (incli- Total (g/t) (g/t) hole nation/ Depth Length wt. wt. ID Azimuth) (m) From To (m) Lithology avg avg ------------------------------------------------------------------------- CP01 -50/N205 365.50 41 165.1 124.1 Porphyry 0.45 0.63 ------------------------------------------------------------------------- Including 75 99.1 24.1 Porphyry 0.80 1.24 ------------------------------------------------------------------------- 125.4 158.6 33.2 Porphyry 0.65 0.44 ------------------------------------------------------------------------- 192.30 206.50 14.2 Metabasalt 0.63 5.99 ------------------------------------------------------------------------- CP02 -50/N205 331.90 0.00 23.90 23.9 Porphyry 0.51 1.71 ------------------------------------------------------------------------- 103.90 114.7 10.8 Porphyry 0.88 1.23 ------------------------------------------------------------------------- 181.5 187 5.5 Metabasalt 0.77 23.44 ------------------------------------------------------------------------- CP03 -50/N205 500.30 0 300.65 300.65 Porphyry 0.26 0.56 and breccia ------------------------------------------------------------------------- Including 144.1 167.1 23 Porphyry 0.98 1.68 and breccia ------------------------------------------------------------------------- 241.3 275.45 34.15 Porphyry 0.56 0.52 and breccia ------------------------------------------------------------------------- CP05 -50/N205 500.40 103.27 145.50 42.23 Sediments 0.96 1.46 with Porphyry sills ------------------------------------------------------------------------- 191.80 194.80 3 Metabasalt 0.51 14.00 ------------------------------------------------------------------------- TR01 -70/N270 200.00 12.00 33.00 21 Porphyry 0.71 1.48 ------------------------------------------------------------------------- 106.50 126.00 19.5 Sediments 1.57 3.22 with Porphyry sills ------------------------------------------------------------------------- 129.00 138.00 9 Metabasalt 1.66 3.83 ------------------------------------------------------------------------- TR02 -55/N320 197.00 132.00 142.50 10.5 Sediments 1.13 3.67 with Porphyry sills ------------------------------------------------------------------------- 162.00 166.50 4.5 Metabasalt 1.96 2.13 ------------------------------------------------------------------------- TR04 -60/N270 200.00 72.00 129.00 57.00 Porphyry 0.54 0.73 ------------------------------------------------------------------------- Including 85.50 96.00 10.50 Porphyry 1.67 1.49 ------------------------------------------------------------------------- TR05 -60/N315 295.00 168.00 177.00 9.00 Sediments 0.94 0.52 with Porphyry sills -------------------------------------------------------------------------