# # high grade near-surface gold # #

spanish gold and silver results look good!!
what do followers think? market cap just $7 million.

First Diamond Drilling Results from La Codosera Gold Project - Spain

Highlights
High-grade and near-surface gold results have been returned from the first four diamond holes at Silver Swan’s Monteviejo prospect within its La Codosera project area, Spain.

12MVD001 2m @ 11.3g/t Au and 3m @ 2.2g/t Au
12MVD002 5m @ 6.6 g/t Au, incl. 3m @ 10.2g/t Au
12MVD003 3m @ 3.7g/t Au
12MVD004 6m @ 2.2g/t Au, incl. 2m @ 4.2g/t Au

Auger-soil results have returned 18 assays over 0.5g/t gold and extending up to 21.1g/t gold. Anomalies are up to 500m in width, 1200m in strike and remain open.
12LCAS0649P 21.6g/t Au 12LCAS0641P 4.0g/t Au
12LCAS0958P 2.1g/t Au 12LCAS1051P 1.7g/t Au
12LCAS0066P 1.4g/t Au 12LCAS0862P 1.1g/t Au

Silver Swan Group Limited (“Silver Swan” or “the Company”) is pleased to announce results from the first four diamond drill-holes from the company’s Monteviejo prospect, as well as initial results from the auger-soil programme, both conducted within La Codosera gold project in Spain.

Silver Swan’s Managing Director, Dr Susan Vearncombe has commented, “Our interest at La Codosera was to outline a high-grade gold system; initial drilling results are delivering good grades and we look forward to receiving further results shortly that could set the overall tenor for significant high-grade gold mineralisation in the project area”.

“The results from the auger-soil programme are well above our expectations in terms of grade, magnitude and intensity of the anomalies. Results to date clearly highlight Los Bastos as a high priority drilling target along with Monteviejo, while Sierra La Breña and Casa La Niña will also require investigative drilling”.

“Whilst it’s still very much early days, the results so far justify the company’s strategic decision to
refocus its attention on high quality exploration acreage within the Iberian Peninsula”.

» Diamond core drilling is focused at the Monteviejo and Los Bastos prospects at La Codosera, Western Spain. A 14-hole diamond drilling programme, for a total of approximately 1,500m is nearing completion. So far nine holes have been completed and the results from four of these holes (12MVD001-12MVD004) have been received and are reported here. The results are highly encouraging with two lodes evident, an upper high-grade lode and a narrow lower lode, both with excellent continuity.

High-grade gold has been intersected in all four holes on the first ‘fence’ of drilling at Monteviejo. The mineralised intersections, with grades up to a maximum of 18g/t Au, display excellent continuity and project to surface on the north side of an anticline where trench results of 9m @ 2.0g/t Au and 11m @ 2.6g/t Au, Fig. 1a) are recorded.

Gold is associated with sheared and veined quartzites and tectonic graphite within a fold and thrust sequence of quartzites, shales, and graphitic shales. Current drilling indicates a stacked, en échelon lode gold system (Fig. 1b). The current drilling programme is designed to test the system to 100m depth, over a strike length of approximately 2km.

» High-grade auger-soil assay results to a maximum of 21.1g/t gold have also been returned in several areas across La Codosera. An area of highly anomalous gold-in-soils at Monteviejo expands to the west across Los Bastos, thickening to over 500m in width and 1,200m of strike (Fig. 2). Results are awaited for the areas between Los Bastos and NW Los Bastos. Importantly, these areas may well connect, giving a potential strike length of in excess of 2,000m.

A second zone of anomalous soils extends across the prospect areas of Barranchones and Casa la Niña for approximately 700m of strike length and separately at Sierra La Breña which has returned the highest gold grades. The auger-soil sampling has been conducted on a 200m by 50m pattern and selectively, 100m by 25m sampling density.