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CPQ Canplats Resources Corp Com Npv

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Share Name Share Symbol Market Type
Canplats Resources Corp Com Npv TSXV:CPQ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Canplats Resources Corporation: Represa Zone Mineralization Extended and Remains Open

31/07/2008 11:30am

Marketwired Canada


Canplats Resources Corporation (TSX VENTURE:CPQ) is pleased to announce the
results of 12 reverse circulation drill holes completed in the Represa Zone of
the Camino Rojo project in the State of Zacatecas, Mexico. 


Significant results include:

- Further confirmation and expansion of near-surface mineralization in the
northeast part of the Represa Zone. Drill holes CR-90 through to CR-92
intersected broad intervals up to 246 meters averaging 0.96 grams gold per
tonne, 13.71 grams silver per tonne, 0.32% lead and 0.42% zinc in CR-91, while
drill hole CR-89 extended the Represa Zone mineralization a further 100 meters
to the east of previous drilling.


- Additional strong sulphide mineralization in drill holes CR-83 and CR-84 in
the southwestern part of the Represa Zone. Drill hole CR-83 intersected 206
meters averaging 1.34 grams gold per tonne, 7.65 grams silver per tonne, 0.11%
lead and 0.23% zinc, including 62 meters averaging 3.10 grams gold per tonne,
11.38 grams silver per tonne, 0.16% lead and 0.40% zinc.


Reverse circulation drill results are summarized in the following table:



--------------------------------------------------------------------------
Hole        From        To   Interval(ii)      Gold    Silver  Lead   Zinc
No.      (meters)  (meters)      (meters)  (g/tonne) (g/tonne)   (%)    (%)
--------------------------------------------------------------------------
CR-82(i)      12       300           288       0.52     11.33  0.17   0.47
--------------------------------------------------------------------------
 incl.       190       274            84       1.09     13.17  0.14   0.67
--------------------------------------------------------------------------
CR-83(i)     194       400           206       1.34      7.65  0.11   0.23
--------------------------------------------------------------------------
 incl.       274       336            62       3.10     11.38  0.16   0.40
--------------------------------------------------------------------------
CR-84        168       364           196       1.00     14.53  0.22   0.42
--------------------------------------------------------------------------
CR-85          0       260           260       0.44     12.44  0.26   0.39
--------------------------------------------------------------------------
CR-86          6       210           204       0.83     15.61  0.25   0.56
--------------------------------------------------------------------------
CR-87         90       198           108       0.45      8.46  0.20   0.18
--------------------------------------------------------------------------
CR-88        200       290            90       0.39     10.08  0.18   0.45
--------------------------------------------------------------------------
CR-89(i)      64       300           236       0.76     12.11  0.27   0.30
--------------------------------------------------------------------------
CR-90          4       300           296       0.81     17.40  0.32   0.45
--------------------------------------------------------------------------
 incl.        66       136            70       1.27     26.41  0.40   0.35
--------------------------------------------------------------------------
CR-91         18       264           246       0.96     13.71  0.32   0.42
--------------------------------------------------------------------------
CR-92         52       256           204       0.91     17.15  0.32   0.41
--------------------------------------------------------------------------
 incl.       106       182            76       1.58     31.29  0.55   0.63
--------------------------------------------------------------------------
(i) Hole ended in mineralization
(i) True width to be determined
Maps of the drill program on the Camino Rojo property will be available at
the Canplats web site, www.canplats.com. Drill holes CR-81, 84, 85, 86, 87,
91 and 92 were drilled at -60 degrees to the north; CR-83 at -60 degrees to
the south; CR-82 and 88 at -50 degrees to the west; CR-89 at -50 degrees to
the east; and CR-90 at -50 degrees to the north.  Drill hole CR-81 returned
no significant values.



Assay results have now been released for all 92 reverse circulation drill holes
at the Camino Rojo project. The Company has completed its 22 hole phase one
diamond drilling program at the Represa-Don Julio Zones, and further assay
results will be announced when they are received and compiled. All reverse
circulation and diamond drill hole assay data for the Represa Zone will be
incorporated into an initial independent resource estimate, which is expected to
be completed this fall. Mineralization at the Represa Zone remains open to the
east, west and to depth. The Company is currently compiling and interpreting all
geological and assay data from more than 38,000 meters of drilling that has been
completed in the Represa-Don Julio areas since the first hole was collared in
late October, 2007.


Four large-diameter metallurgical core holes have also been drilled in the
Represa Zone and a program of metallurgical testwork has been initiated.
Preliminary test results are expected by year-end. 


The Company is continuing with its reconnaissance-style exploration program on
priority targets within the 340,000 hectare (greater than 1,300 square mile)
Camino Rojo project. This program includes tensor IP geophysical surveys to the
southwest and southeast of the Represa-Don Julio Zones. An initial two-hole
diamond drill test of geophysical targets is now underway. 


The Company has initiated negotiations to purchase surface rights in the
vicinity of the Represa-Don Julio areas. The Camino Rojo property is 100% owned
by Canplats and located in an area of excellent infrastructure, 50 kilometers to
the southeast of Goldcorp's Penasquito mine. 


All work is being supervised by Ken McNaughton, vice-president, exploration, and
a qualified person as defined by Canada's National Instrument 43-101 responsible
for the Camino Rojo exploration program and has verified the data in the table
above. All samples were submitted for preparation in Guadalajara, Mexico and
analysis at its facilities in Vancouver, B.C. by ALS Chemex. All samples were
analyzed using aqua regia digestion with ICP finish. All gold samples were fire
assayed with an AA finish and all samples over 10 ppm gold were re-assayed using
a fire assay with a gravimetric finish. Samples over 100 ppm silver were
reanalyzed using four acid digestion with an ore grade AA finish. One in 20
samples was blind duplicate assayed at ALS Chemex in Vancouver, B.C.


To receive Canplats' news releases by e-mail, contact Blaine Monaghan, Director,
Investor Relations, at info@canplats.com or (866) 338-0047. Some of the
statements contained in the company's news releases may be forward-looking
statements such as the company's future plans, objectives and goals. The
statements that are not historical facts are forward-looking statements
involving known and unknown risks and uncertainties which could cause actual
results to vary considerably from these statements. The risks and uncertainties
include general and economic conditions as well as those described in Canplats'
SEC Form 20F.


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