Auspex, Vestor expand Fetais deposit

Partners Auspex Minerals (APJ-V) and International Vestor Resources (IVS-V) have released further positive drill results from the Fetais deposit in Aljustrel, Portugal.

Highlights from the 13-hole program include the following: * Hole 6 intersected 41 metres (true width) starting at a depth of 243 metres down-hole, averaging 8.18% zinc, 2.87% lead and 0.15% copper, plus 125 grams silver and 1.17 grams gold per tonne. This mineralized zone was cut just 50 metres below the existing underground development.

* Hole 13 hit 31 metres (true width) averaging 6.73% zinc, 2.64% lead, 0.17% copper, 62.6 grams silver and 1.32 grams gold starting at a depth of 138.6 metres. The interval cut through mineralization just above the current mine development.

* Hole 2 cut through 103.7 metres (true width) grading 3.25% zinc, 0.87% lead, 0.94% copper, 37.3 grams silver and 0.71 gram gold starting at a depth of 350.2 metres down-hole.

* At a depth of 131.65 metres, hole 7 hit 12 metres (true width) grading 7.59% zinc, 1.89% lead, 0.2% copper, 72.24 grams silver and 0.66 gram gold.

* Hole 4 intersected 13 metres (true width) grading 2.79% zinc, 0.9% lead, 0.23% copper, 35.27 grams silver and 0.49 gram gold starting at a depth of 306 metres down-hole. Included in this interval was a 3.24-metre section grading 6.67% zinc, 2.12% lead, 0.18% copper, 51.5 grams silver and 0.6 gram gold.

* Hole FS-11 intersected 1.3 metres grading 7.69% zinc, 2.28% lead, 0.17% copper, 65 grams silver and 1.14 grams gold starting at a depth of 132 metres down-hole. At a depth of 143.9 metres down-hole, the drill cored 13.1 metres grading 5.78% zinc, 2.16% lead, 0.26% copper, 58.25 grams silver and 1.02 grams gold.

Drilling was halted for a short break and is scheduled to resume later this month.

Auspex and Vestor will spend a combined $1.8 million this year on 6,000 metres of surface core drilling, metallurgical testing, environmental baseline data collection and engineering studies on the deposits and mill facilities.

SRK Canada will conduct a feasibility study, whereas Rescan Engineering and Knight Piesold will be responsible for mill design and surface hydrology. Geotechnical and environmental studies will be managed by Hallam Knight Piesold.

Auspex and Vestor each hold a 37.5% interest in the Aljustrel mining complex. The Portuguese state, in conjunction with a local operating company, holds the remainder.