| | Vancouver, BC -- March 3, 2010 - Cream Minerals Ltd. (TSXV - CMA) ("Cream" or the "Company") is pleased to provide to its shareholders and interested parties a recent interview with Michael O'Connor conducted by Smartstox.com. Michael discusses the Company's Nuevo Mileno Silver-Gold Project and Creams plans for 2010. The interview is available by clicking on the link below or can be viewed on the Company's web site at www.creamminerals.com
About Cream Minerals
Cream Minerals is primarily a silver-gold exploration company with properties in Canada and Mexico. The Company's flag ship project is the 100% owned Nuevo Milenio Silver-Gold property located in Nayarit State, Mexico. Nuevo Milenio contains a NI 43-101 complaint Inferred Mineral Resource of 54.6 million ounces silver equivalent contained within 5.09 million tonnes. Please see the table below for additional detail on the mineral resource.
REVISED NI 43-101 INFERRED MINERAL RESOURCES
December 2008
Dos Hornos (U/G) |
Width
m |
Tonnes |
Au
g/t |
Ag
g/t |
Au
oz |
Ag
oz |
Dos Hornos Segment 1 |
4.70 |
1,173,901.56 |
1.500 |
165.34 |
59,400.00 |
6,552,238.85 |
Dos Hornos Segment 2 |
4.06 |
746,528.32 |
1.770 |
201.95 |
42,390.25 |
4,847,215.70 |
Veta Tomas |
5.09 |
1,246,162.50 |
1.280 |
351.19 |
51,344.17 |
14,070,467.48 |
Once Bocas |
2.42 |
1,921,162.50 |
1.920 |
252.59 |
118,347.79 |
15,602,012.74 |
Total |
|
5,087,754.88 |
1.660 |
251.09 |
271,482.21 |
41,071,934.77 |
Tonnes: 5,088,000 Au: 1.660 g/t, Ag 251.09 g/t Au: 271,500 oz, Ag: 41,072,000
Silver Equivalent (Gold-Silver price Ratio = 50:1): 54,647,000 oz,
(Assumes 100% Recovery)
Roca Mines Inc. ("Roca") initiated drilling on Nuevo Milenio in late February as part of Roca's $US12 million exploration commitment to earn a 50% interest in Nuevo Milenio by July 24, 2013. Positive initial assay results were released on March 2, 2010.
Ferdinand Holcapek, P.Eng, is the Chief Administrator, Project Manager and Qualified Person for the Company's Nuevo Milenio Project in Mexico. To learn more about Cream Minerals please click here: www.creamminerals.com.
For further information, please contact:
Frank A Lang
Chairman
Michael E. O'Connor
President & CEO
Robert Paul, Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free 1-888-267-1400
Email: info@creamminerals.com
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Cautionary Language and Forward-Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.creamminerals.com.
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You can view the Previous News Releases item: Tue Mar 2, 2010, Cream Minerals Reports Initial Assay Results From Roca Mines Phase One Drill Program At The Nuevo Milenio Silver-Gold Project
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