Minsud Resources Corp. announced an update on recent diamond drilling conducted on the Chita Porphyry sector of the Chita Valley Project located in San Juan Province, Argentina. The Project is a large exploration stage porphyry situation with classic alteration features, widespread porphyry style Cu-Mo-Ag-Au mineralization, and associated gold and silver-bearing polymetallic veins. As part of a drilling campaign, three drill holes, Psu11-01 to 03 inclusive, were completed to further test known Cu-Mo mineralization in the Chita Porphyry area. Unlike a few historical vertical drill holes in the area, the Minsud holes were inclined at -45o to test for possible sub-vertical precious metal bearing veins that were identified in outcrop. The 2011 drilling has shown that such Ag-Au veins are locally present in the wider porphyry Cu-Mo sections and may be incrementally significant to overall mineralization quality. The three holes all encountered broad zones of Cu-Mo mineralization with localized Ag-Au concentrations. The following table shows the general analytical results for the three drill holes including the Cu-Mo-Ag-Au weighted averages and the localized areas with elevated Ag-Au values. Significantly elevated Mo values were noted in the lower part of drill hole PSu11-03 as well. The mineralization is associated with a Miocene monzodiorite porphyry stock dated at 12 Ma intruded into an earlier assemblage comprising Triassic granodiorite and Carboniferous sediments. The porphyry style mineralization consists of disseminations, fracture fillings and stockwork type quartz-chalcopyrite- pyrite-molybdenite mineralization. The country rocks adjacent to the Chita South Porphyry and other porphyry stocks and dykes on the Property commonly contain widespread polymetallic veins that are locally enriched in gold and silver. Both porphyry and country rocks exhibit an array of hydrothermal/epithermal alteration features.