Cream Minerals announces completion of 20,000 metre drill program, Nuevo Milenio silver-gold project, Nayarit State, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2011) - Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)(FRANKFURT:DFL) ("Cream" or the "Company") is pleased to announce the successful completion of 20,200 metres of diamond drilling at the Nuevo Milenio silver-gold project located in Nayarit State, Mexico. The Nuevo Milenio is a low sulphidation, epithermal precious metal prospect containing silver-gold mineralization in quartz vein - quartz stock work zones hosted within a collapsed caldera. Nuevo Milenio contains a NI 43-101 compliant Inferred Mineral Resource of 54.6 million ounces silver equivalent contained within 5.09 million tonnes. The average silver grade is 251 g/t and the average gold grade is 1.66 g/t (see page 3). Metal prices employed were USD $10.28 per ounce silver and USD $816.09 per ounce gold. A cut-off grade of USD $45.00 per tonne or 131 g/t silver equivalent was used.