Suite 1220 — 666 Burrard St
Vancouver British Columbia
V6C 2X8
Telephone (604) 685-0088
Fax (604) 685-0078
Toll Free 1.877.685.0088
Web www.grxpl.com 

---

Guerrero Exploration Inc.

("Guerrero" or the "Corporation") (TSX-V: "GEX") is pleased to announce the drill results received from the 2011 drill program at Chapalota, Sinaloa, Mexico.

Significant gold and silver mineralization was intersected in five out of the nine drillholes of the program.

Gold was intersected in the subsurface beneath and along strike of both the Leonas and Habas zones targeted by the drill program.  The nature of the gold and silver mineralization as observed from geological logging of the drillcore and from associated trace element alteration geochemistry is consistent with that of an orogenic gold mineralized system.

At the Leonas target, gold was intersected in quartz veining and fault breccia at depth below and along strike 125 m to the south of the outcrop previously reported as returning rock chip assays up to 32.1 g/t Au.  A further 900 m to the southeast along the structural corridor drillhole CH-11-07 returned a 30 cm interval @ 101.5 g/t Au from 165.5 m downhole.

At Habas zone an interval of deeply weathered, silicified brecciated intrusive returned 70.2 m @ 11.0 g/t Ag with low level Au associated with it.

Highlights from this series include:

Drillhole CH-11-02:  1.6 m @ 4.02 g/t Au, 1.5 g/t Ag from 20.3 m, incl.

0.4 m @ 11.4 g/t Au.

Drillhole CH-11-07:  3.0 m @ 11.6 g/t Au, 3.3 g/t Ag from 164.8 m, incl.

0.3 m @ 101.5 g/t Au.

Drillhole CH-11-08:  70.2 m @ 0.05 g/t Au, 11.0 g/t Ag from 0.0 m, incl.

2.6 m @ 52.0 g/t Ag.

David Stadnyk, President & CEO of Guerrero Exploration Inc., stated: "We are very excited about the drill results from the Chapalota property.  The drill program achieved exactly what we set out to do and that was to prove that gold mineralization persists at depth along structures mapped by the soil geochemistry at surface.  A result of 101.5 g/t certainly merits following up and the focus of our exploration team will be to expand on these results with further drill testing to define the continuity of the mineralization”.

All significantly Au and Ag mineralized intervals from this series of drill results are presented in the following table.

Drillhole	Location	Mineralized Interval (not true width)
CH-11-01	Leonas	13.0 m @ 0.089 g/t Au, 11.7 g/t Ag from 3.1 m
CH-11-02	Leonas	1.6 m @ 4.02 g/t Au, 1.5 g/t Ag from 20.3 m, incl. 0.4 m @ 11.4 g/t Au
CH-11-02	Leonas	2.1 m @ 0.83 g/t Au, 1.6 g/t Ag from 47.9 m, incl. 0.4 m @ 2.7 g/t Au
CH-11-06	Leonas	5.5 m @ 0.74 g/t Au, 1.5  g/t Ag from 78.0 m, incl. 1.7 m @ 2.0 g/t Au
CH-11-06	Leonas	10.1 m @ 0.69 g/t Au, 0.3 g/t Ag from 131.7 m, incl.0.3 m @ 4.2 g/t Au
CH-11-06	Leonas	8.6 m @ 0.97 g/t Au, 0.4 g/t Ag from 241.5 m, incl. 1.4 m @ 3.4 g/t Au
CH-11-07	Leonas	3.0 m @ 11.6 g/t Au, 3.3 g/t Ag from 164.8 m, incl. 0.3 m @ 101.5 g/t Au
CH-11-08	Habas	70.2 m @ 0.05 g/t Au, 11.0 g/t Ag from 0.0 m, incl. 2.6 m @ 52.0 g/t Ag
CH-11-08	Habas	1.6 m @ 1.6 g/t Au, 0.4 g/t Ag from 117.4 m

 

Chapalota Drill Core Pictures: http://www.grxpl.com/projects/chapalota/photo-gallery/chapalota/chapalota-core-pictures.html

Chapalota Gold Project: 

Guerrero Exploration Inc.

is earning a 70% interest in the Chapalota Gold Project through a Joint Venture Agreement with Riverside Resources Inc.

The project is located in the highly productive Western Gold Belt on the western side of the Sierra Madre Occidental Region of Mexico and offers the opportunity for Orogenic Gold mineralization.

 

Assaying and Qualified Person:

 

Samples were taken to Hermosillo, Mexico where ALS Laboratory Group’s mineral division ALS Chemex crushed and pulverized each sample.

The rejects remained with ALS Chemex while the pulps were transported to ALS Chemex’s ISO 9001-2008 certified laboratory in NorthVancouver, BC, Canada for analysis.

A QA/QC program was implemented as part of the sampling procedures for the exploration program.

Duplicate, standard and blank samples were randomly inserted into the sample stream prior to being sent to the laboratory.

 

The scientific and technical data contained in this press release was prepared under the supervision of Troy Gill, BSc (Geol.)., a member of the Australian Institute of Geoscientists, who acts as a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

 

About Guerrero Exploration Inc.

Guerrero Exploration Inc.

is committed to a long term business strategy designed to achieve optimal levels of profitability and shareholder value. Guerrero Exploration Inc.

is a Canadian based exploration mining company with a focus on the high yielding Mexican copper, gold and silver mining area known as the Southern Mexican Gold Belt and the Sierra Madre Occidental Belt.

The Corporation’s common shares trade on the TSX Venture Exchange under the symbol “GEX”.

 

For further information please contact:

Guerrero Exploration Inc.

David Stadnyk

 

President and Chief Executive Officer

(604) 685-0088 Ext.

229

 

Investor Relations

(604) 685-0088 Ext.

226

 

Website

www.grxpl.com

---

Powered by Ethos

This email was sent by Ethos Consulting, though its worldwide network of over a quarter million investors.
Everday the resource sector turns to Ethos to get their news in the investor inbox for market open. Get your news powered by Ethos.

Contact Information

Ethos Consulting
Suite 3000 - 905 West Pender Street
Vancouver, BC, V6C 1H2
http://ethosir.com/email

Ethos Consulting Ltd may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Past performance of Companies mentioned does not guarantee future performance.
We seek Safe Harbour

Click here to unsubscribe