Monday, November 26, 2007

Canadian mining firm, Suramina Resources Inc. claims large new land package in Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2007) - Suramina Resources Inc. ("Suramina") (TSX:SAX) is pleased to announce that as a result of an aggressive project generative campaign in Chile for porphyry Cu-Au and epithermal Ag-Au and polymetallic mineralized systems, the Company has applied for 88 exploration concessions, a number of which have already been granted (please see attached map). The total area of the concessions applied for comprise over 26,100 hectares and were acquired following a detailed analysis of Suramina's database and satellite image processing.

In Region III, 4,500 hectares have been claimed and are located 30 km north of Suramina's Vicuna project located within the premier Maricunga Belt. This gold belt is known to host a number of significant gold deposits, including the Cerro Casale deposit and the Refugio/Verde deposit.

In Region VI, 11,000 hectares have been claimed and are located on the Chilean side of Suramina's Elisa properties located in Argentina and close to the El Planchon international border pass. The Elisa properties exhibit high grade, sedimentary-hosted copper mineralization and Suramina's newly claimed blocks in Chile exhibit similar geological features and have the potential for further discovery.

In Region XI, 10,600 hectares have been claimed southwest of Coeur D'Alene Mining's Cerro Bayo and Fachinal silver-gold mines. These deposits also have similar characteristics to a number of deposits on the Argentina side of the border, including Suramina's Cerro Cuadrado property that is presently under exploration and achieving encouraging results (see Suramina's press release of November 7, 2007).

Here is the full article.