JULY 6, 2006 - 13:33 ET
Plexmar Resources Inc.: Geophysical Contracts Awarded
SAINTE-FOY, QUEBEC--(CCNMatthews - July 6, 2006) - Plexmar Resources Inc. (TSX VENTURE:PLE), is pleased to announce that contracts have been signed with two geophysical contractors.
A 2,100 line-km airborne survey covering the whole property will be flown to collect magnetic and radiometric data. Lines will be flown at 200meter intervals with tie lines at 2 kilometer intervals. The survey should be completed by the end of this month.
A ground geophysical survey will start mobilizing next weekend and will be completed by late August. Over 149 Kilometers of GPS, Magnetic and IP/Res survey will be carried out over the most prospective areas.
Guy Bedard, president says: "The awards of these contracts are the first step towards drilling this exciting project. They will help the geologists refine and establish new drill targets."
On Bolsa del Diablo
Plexmar controls over 220 km2 of land in Northern Peru near the border with Ecuador. At the present, over 250 artisan miners are pulling gold on a daily basis from trenches or pits located in an area measuring approximately 6km2 roughly centered within Plexmar's main claim block. The zone is characterized by low to intense silica and clay hydrothermal alteration. All the volcanic rocks in the area of interest show pervasive argillic alteration and have developed very intense stockwork structures. Gold mineralization occurs partly as fracture fillings in the stockwork and also as dissemination throughout the rock. Limonitization is pervasive throughout the rock. This intense stockwork was observed in numerous places on the property.
Guy Bedard acted as the QP for the preparation of this release.
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