Mon Oct 22, 2007
Canplats Discovers Significant New Prospect in Mexico
Vancouver, B.C. - Canplats Resources Corporation (TSX Venture: CPQ) is pleased to report the discovery of significant gold, silver and base metal mineralization over a widespread area known as the Represa Zone within the recently staked Camino Rojo property, located in Zacatecas State, Mexico. This new discovery was a result of ongoing regional exploration activities by Canplats.
The Camino Rojo property consists of two claims covering approximately 100,000 hectares (~385 square miles) that are located about 50 kilometers southeast of Goldcorp Inc.'s Peñasquito mine in the northeast corner of the State of Zacatecas. Canplats' wholly-owned claims are underlain by sub-horizontal, calcareous siltstones and sandstones of the Caracol Formation. Although most of the claims are covered by overburden, several small volcanic centers are located along a structural lineament 8 to 10 kilometers southeast of the Represa Zone.