Monte del Favor sampling unveiled

Canada's Admiral Bay Resources (TSX-V: ADB) published sampling results this week from its Monte del Favor project in Mexico's Jalisco state, with 129 results returning assays between 100g/t and 2,305g/t silver and 42 samples returning 0.5g/t to 7.35g/t gold. Sampling at the property's Monte del Favor and Zuriaga mines "confirmed mineralization," returning average assays of 306g/t silver and 1.2g/t gold as well as 220g/t silver and 0.67g/t gold, respectively, the company said. Further, diamond drilling kicked off last month as part of the Cdn$500,000 (almost US$400,000) phase I exploration program, aimed in part at evaluating silver-gold targets generated during surface work. Admiral Bay recently closed Cdn$1mn (US$770,000) in financing in part to fund Monte's exploration.