Acero-Martin Announces Update on Pinaya Drilling Program
23 Julho 2008 - 2:28PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (FRANKFURT: AMX) ("Acero-Martin" or
the "Company") is pleased to report that it has completed the
previously announced phase one of its 2008 diamond drilling program
on its 100% owned Pinaya Gold-Copper Project in southern Peru.
A total of 5,588 meters (18,333 feet) was drilled in eleven
holes to expand upon the copper-gold deposit outlined by previous
drilling and to test a large undrilled geophysical anomaly to the
east of the main mineralized body. The drill core samples have been
submitted to the lab and the assay results will be reported once
all of the results have been received.
The first eight holes, PDH-150 to 158, were all wide 100 to 200
meter step out holes drilled at the North Western Porphyry Zone to
increase the projects overall resource base. For hole PDH-159, a
deep drilling rig was brought to the site. The hole was drilled at
the North Western Porphyry Zone to a depth of 800 meters and
bottomed in mineralization. It was the first hole ever drilled to
test the depth potential of the deposit beyond 550 meters. The
final hole, PDH-160, was drilled at the Los Vientos Zone, a
recently discovered target located 1 kilometer to the southeast of
the main deposit with a strong geophysical signature and trenching
highlights of 2.0 g/t gold over 6.7 meters, including 10.7 g/t gold
over 1.2 meters (trench PTR-152).
The core samples were sent to SGS Laboratories in Lima Peru for
analysis. The analytical results will be reported on receipt
thereof and will be used to guide further exploration in 2008.
About Acero-Martin Exploration Inc.
Acero-Martin Exploration Inc. is a resource company focused on
creating shareholder value by exploring for precious and base
metals, with the immediate goal of defining a major deposit at its
100 percent controlled Pinaya Project located in Peru. The Pinaya
Project has an initial NI 43-101 compliant indicated resource of
29.13M tonnes grading 0.53 g/t Au and 0.42% Cu (498,000 oz Au and
269 million lbs Cu) and an inferred resource of 12.72M tonnes
grading 0.41 g/t Au and 0.41% Cu (168,000 oz Au and 115 million lbs
Cu). Subsequent to this estimate, Acero-Martin has completed an
additional 90 holes bringing the project totals to more than 45,000
meters and 160 holes. Drilling since the release of the initial
resource estimate continues to expand and define the deposit.
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., President and CEO of Acero-Martin,
and 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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