VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 7, 2016) – San Marco Resources Inc. (TSX VENTURE:SMN) ("San Marco" ) and GlobeTrotters Resource Group Inc. ("GlobeTrotters") are very pleased to announce that they have agreed to jointly initiate a state wide effort to generate and acquire new high potential and overlooked mineral targets in the state of Sonora, Mexico.
GlobeTrotters is a private British Columbia company operating in Peru by generating and staking new projects, mainly focused on porphyry style targets. GlobeTrotters' management applies a unique set of filtering algorithms to large scale sets of Landsat, ASTER and other remote sensing media followed by rigorous ground proofing to select and stake the highest potential targets, many of them previously unrecognized and untested. Since 2011, GlobeTrotters has built an outstanding set of early stage projects in Peru, optioning several to larger companies. One new porphyry discovery has already resulted from the targeting campaign and GlobeTrotters continues to add to its project portfolio and work with major mining companies.
Like Peru, Sonora's generally arid climate, extensive outcrop exposure and well understood stratigraphy lends itself to the application of remote sensing tools to rapidly and efficiently generate targets for follow up ground proofing and, if warranted, acquisition.
Richard Osmond, GlobeTrotters CEO stated, "Mexico, and Sonora State in particular, has the combination of accessibility, rock exposure, high metal endowment and transparent tenure system that makes it an ideal location for the application of our targeting techniques on a broad scale. Target generation is only half the story, however. To truly succeed, a discovery program requires efficient ground proofing by personnel experienced and comfortable in the region that can quickly focus on and acquire the highest potential target areas for further work. San Marco brings those attributes to the program and I'm confident that we can quickly generate a large number of new targets."
Robert Willis, San Marco's CEO commented that "we've seen what GlobeTrotters has been able to accomplish in a short period in Peru, finding outstanding targets and attracting the interest of several large companies to areas that have, in some cases, seen virtually no historic exploration. I'm very confident that Richard and his crew can take the same approach to the state of Sonora and meet with similar success. San Marco will then take the target set and apply our local knowledge and boots on the ground follow-up to winnow the list down to the highest potential areas for staking. The mining sector needs new targets and the combination of the talents of San Marco and GlobeTrotters will help find them."
The companies have agreed that GlobeTrotters will acquire the necessary imagery and data files for the State of Sonora and carry out analysis, filtering and initial target selection. San Marco's personnel will carry out ground-proofing and, where warranted, stake or otherwise acquire tenure to protect the highest priority areas with follow up input and further target focusing by GlobeTrotters. San Marco will hold a 100% interest in properties acquired as part of the collaborative effort and will grant GlobeTrotters a 2% NSR on San Marco's interest.
GlobeTrotters will be attending this year's PDAC Conference and will be available in Booth 2416B on March 8th and 9th to answer questions about its current Peruvian holdings. San Marco's CEO Robert Willis will also be available at the booth to discuss this new Sonora targeting initiative.
About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which the Company is currently active (www.sanmarcocorp.com).
San Marco maintains a strategic project generation program focused on high-calibre, low-cost acquisition opportunities in the Northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.
GlobeTrotters Resource Group Inc. is a privately held company incorporated in 2009. The company is focused on acquiring low-cost, low-risk base and precious metal opportunities in emerging world class mineral belts throughout the Americas with a primary focus in key mineral belts in Peru.
National Instrument 43-101 Disclosure
The technical information contained in this document has been verified, and this news release has been approved, by San Marco's CEO, Robert D. Willis, P. Eng. a "Qualified Person" as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
Forward Looking Information
Information set forth in this document may include forward-looking statements. While these statements reflect management's current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco's actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.