Dia Bras Exploration Inc. (TSX-V:DIB) reported that it has received additional assay results from diamond drill holes #7 through #12 of its drilling program at its 100% controlled Las Coloradas project in the Melchor Ocampo mineral district, Zacatecas State. 

“These latest drill holes bring to seven out of twelve the number of drill holes to intersect potential bulk-tonnage mineralization at Las Coloradas target. These seven holes are in the same area, the western and central portions of the drilled area, and indicate that Las Coloradas is a large mineralized system,” stated Daniel Tellechea, President & CEO. “We are compiling and interpreting the drill data and plan to drill additional holes in the third quarter of this year to outline a significant tonnage of potentially-economic mineralization. We expect to commission a NI 43-101 compliant study after our next round of drilling.”

The Las Coloradas project is located in the Melchor Ocampo mineral district that is known for the occurrence of large carbonate replacement deposits of precious and base metals. Las Coloradas is approximately 20 kilometres due north of Goldcorp´s Peñasquito mine, as well as near important mines/projects in Zacatecas such as Aranzazu (Aura Minerals), Tayahua (Frisco) and Camino Rojo (Goldcorp). Carbonate Replacement Deposits (CRDs) are Ag-Pb-Zn-(Cu-Au) deposits that have contributed approximately 40% of Mexico's historic silver production, making them second only to epithermal veins. Currently, they provide most of the zinc and lead production that put Mexico in 5th and 6th place, respectively, in worldwide production. CRDs form large deposits, ranging from 25 to 100 million tonnes of ore.

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