Acero-Martin Announces Corporate Update
13 Maio 2008 - 7:33PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: ASD)(FRANKFURT: AMX)
is pleased to provide the following corporate update from its
President and Chief Executive Officer Dr. Stewart Jackson.
My fellow shareholders:
Since taking on the leadership role with Acero-Martin
Exploration I have had the pleasure and opportunity to implement a
review of the Pinaya Copper-Gold Project and begin to formulate the
strategy for the exploration program moving forward. As an
exploration geologist and manager, I have been privileged to have
participated in the discovery of several major deposits that are
now in production. Similarly, with the Pinaya Project, I see great
potential to expand the current resource base and prove up a major
deposit.
In preference to a previously considered early production
scenario, moving forward the immediate goal for Acero-Martin will
be to rapidly increase the size of the resource base at Pinaya.
While we have no control over world markets or the value of gold
and copper, we do have control over the definition of the resource.
A significantly larger resource base will be aggressively
pursued.
From the current database of more than 150 holes comprising some
40,000 meters of drilling, wide step-out holes and deeper drilling
will be used to expand the extensive system outlined by work to
date. Comparing the Pinaya Project with other major
porphyry-related copper and copper-gold systems in favourable belts
of both Peru and Chile suggests that results obtained to date
possibly lie within the upper reaches of a large system that is
driven by a major underlying intrusive body or "feeder system".
The geological model we will be using to guide exploration is
that of an intrusive mass with surrounding alteration similar to
that of the Collahuasi deposit of Chile, which is measured in
billions of tonnes versus the modest yet substantial resource
delineated on the property to date.
To assist in this approach, all drilling, geophysical,
geochemical, and surface data is currently being compiled into a
computerized model for re-interpretation. The Company is also in
the process of switching to a deep drilling rig capable of testing
the depth potential of the project down to at least 1,000
meters.
The vast scale of the exploration target requires a new approach
to determine the ultimate extent of the deposit. I am motivated by
the potential of the project and look forward to reporting new
results and developments.
I leave you with the comment that your Management and Board are
committed to maximizing shareholder value. We are excited about the
potential that lies ahead and thank you for your patience, loyalty
and your continued support as we move forward.
ON BEHALF OF THE BOARD OF DIRECTORS
Stewart Jackson, PhD, P.Geol., President and CEO
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed on behalf of the Company by
Dr. Stewart Jackson, P.Geol., Acero-Martin's President and CEO, a
qualified person.
This news release has been prepared by management. This document
contains certain forward looking statements which involve known and
unknown risks, delays, and uncertainties not under the Company's
control which may cause actual results, performance or achievements
of the Company to be materially different from the results,
performance or achievements implied by these forward looking
statements. We seek safe harbor.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Acero-Martin Exploration Inc. Investor Relations
1-877-646-0067 (604) 646-0640 (FAX) Email: info@acero-martin.com
Website: www.acero-martin.com
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