Amera Granted Cocha Copper-Silver Property in Peru.VANCOUVER, British Columbia -- Amera Resources Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AMS AMS - Andrew Message System )(FWB (Fixed Wireless Broadband) See fixed wireless. :OAY OAY Outstanding Airman of the Year )(WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) A0B54E) is pleased to report that it has received confirmation from the Peruvian government that it has been granted concessions totaling 2,400 hectares over the Cocha sediment-hosted copper-silver project in the Department of Junin, Peru approximately 23km east of the city of Huancayo and 220km to the east of Lima. Amera now holds a 100% interest in this exciting new property through its wholly-owned subsidiary Recursos de los Andes. As previously reported (News Release 2006-1, January 13, 2005), results from preliminary sampling of the property include a series of contiguous composite chip samples that average 0.8% copper and 10 g/t silver over 80 metres, including a 10-metre interval assaying 2.69% copper and 24.4 g/t silver, at the discovery outcrop. A 1.25km long and up to 500m wide northwest-oriented copper-silver soil anomaly is centred on the discovery outcrop; soil values range from 5 to 1,910 ppm copper and from less than 0.2 to 4.7 g/t silver; the anomaly is open along strike in both directions and to the north. 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. is hosted by steeply-dipping malachite-stained sandstone and mudstone mud·stone n. A fine-grained, dark gray sedimentary rock, formed from silt and clay and similar to shale but without laminations. mudstone of the Permian Mitu Formation. Due to the high quality copper-silver target that has been identified by the preliminary exploration work on the Cocha property, permitting has commenced to extend road access to the main showing area and to conduct a preliminary trenching and drilling program as soon as possible. Meanwhile, further expansion of the soil grid, detailed rock sampling and geological mapping is underway to identify additional targets on the property. As a result of Amera's ongoing aggressive generative program, aimed at identifying new high-potential projects, the Company has also recently applied for two additional properties, one in the same geological setting as Cocha, and a second in a 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. copper-gold setting north of the Company's Cruz de Mayo and Acero properties in Cuzco. Details will be released once the concessions are granted. Analyses for the samples reported herein were performed by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex Laboratories, an internationally recognized assay service provider, in Lima, Peru and North Vancouver, Canada. Work reported on in this released was carried out under the direction of Piotr Lutynski, M.Sc., P.Eng., a Qualified Person as defined in National Instrument 43-101. The technical information contained in this release has been reviewed by Dr. David A. Terry, P.Geo., Vice President Exploration for Amera, a Qualified Person as defined in National Instrument 43-101. Additionally, Amera will submit a Warrant Amendment Summary Form 4D to 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. for warrants issued through a private placement announced on March 8, 2004. The 2,750,000 warrants can be exercised at $1.20 until March 24 and March 31, 2006. The amendment will request a price adjustment to $0.60. This amendment to the price of the warrants is subject to approval of the TSX Venture Exchange and there will be no extension of the term of the warrants. ON BEHALF OF THE BOARD Mr. Nikolaos Cacos, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. 2006 Number 04 The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or the accuracy of this release. Amera Resources Corporation (TSX VENTURE:AMS) (FRANKFURT:OAY) |
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