Acero-Martin Exploration Inc.: Drilling Begins at Acero-Martin's Pinaya Project and Corporate Update.VANCOUVER, British Columbia -- Acero-Martin Exploration Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ASD ASD abbr. atrial septal defect ASD Atrial septal defect, see there ) (the "Company") is pleased to announce that drilling has recommenced on its Pinaya Project, located in southern Peru. It is anticipated that up to 12 diamond drill holes will be completed over the next three months. Each of the holes will be between 200 and 350 meters in depth, for an estimated total of 3,500 m. Drilling will be completed by GeoDrill S.A of Arequipa. The drilling will concentrate on two main targets. The first is a copper-gold porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. system that is believed to underlay the surface mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. observed at Pinaya. Induced Polarization (IP) geophysical surveys indicate that a porphyry system may underlay the valley to the southeast and east of the open cut. The second target is the northwesterly north·west·er·ly adj. 1. Situated toward the northwest. 2. Coming or being from the northwest. north·west extension of the gold mineralization where prior drilling had intersected significant gold mineralization, such as in PDH-01, with 31 m of 4.14 g/t Au, 0.26% Cu, and 0.92 g/t Ag (see News dated February 16, 2005). In addition, exploration has revealed coincident geophysical and geochemical anomalies associated with the open cut exceeding one kilometer in strike length. Drilling will step out over a distance of 300 and 400 meters northerly from the eight holes completed in December, 2003. The Company will also continue the geophysical program, in order to better define the IP anomalies that are still open along strike. The company will also amplify its program of surface sampling over those anomalies, in order to bring them to drill ready status. Vern Arseneau, P.Geo, and James McCrea, P.Geo, are the qualified persons, under National Instrument 43-101 for the Pinaya project, and are supervising the quality-control and quality-assurance program. The Company also wishes to announce that it has appointed Jeffrey Reeder, Professional Geoscientist, President and Chief Executive Officer of the Company. Mr. Reeder graduated with a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in geology from the University of Alberta and is a professional geologist with over 17 years experience in all facets of mineral exploration. Mr. Reeder has worked extensively throughout North and South America. Donald Gee will assume the role as Chief Financial Officer. Mr. Gee has over 25 years experience as a Chartered Accountant in private and public company management and consulting. Mr. Gee's past positions were Chief Financial Officer for a TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). listed gaming company and financial advisor to a national aerospace company. He is a member of the Chartered Accountants of BC and a member of the Canadian Institute of Mining and Metallurgy. About Acero-Martin Exploration Inc. Acero-Martin Exploration Inc. is an exploration company, which is focused in locating and defining economic precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. deposits. Currently the Company has two gold projects: Red Mountain in the Yukon Territories and the Pinaya Project in southern Peru. This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. On Behalf of the Board: Jeffrey Reeder, President and Director The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. Acero-Martin Exploration Inc. (TSX VENTURE:ASD) |
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