Amera Stakes Copper-Silver Property in Peru.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- 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 announce that it has applied for the 2,400 hectare Cocha concession covering a copper-silver target in the Department of Junin, Peru approximately 23km east of the city of Huancayo and 220km to the east of Lima. Results from the property include a series of contiguous composite chip samples that average 0.8% copper and 10 g/t silver over 80 metres. After receiving confirmation of the concession title from the Peruvian government, Amera will hold a 100% interest in the property through its wholly-owned Peruvian subsidiary Recursos de los Andes; a finders-fee will be paid to an arms-length individual in connection with the identification of this target. E[acute accent]A total of 18 rock samples have been collected from the property to date with assays ranging from 4 ppm to 2.89% copper and less than 0.2 to 99.2 g/t silver. Included within the 80-metre interval mentioned above were two non-adjacent 10-metre intervals assaying 2.69% copper and 24.4 g/t silver and 1.38% copper and 26.2 g/t silver (see Table 1). 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. Table 1: Significant Rock Chip Sample Results -------------------------------------------------------------------- Sample Number Location Type Interval (m) Cu (%) Ag (g/t) -------------------------------------------------------------------- 246006 Discovery Outcrop chip 10.0 1.38 26.2 -------------------------------------------------------------------- 246005 Discovery Outcrop chip 10.0 0.54 7.6 -------------------------------------------------------------------- 246004 Discovery Outcrop chip 10.0 1.00 15.8 -------------------------------------------------------------------- 246008 Discovery Outcrop chip 10.0 0.22 1.3 -------------------------------------------------------------------- 246003 Discovery Outcrop chip 10.0 0.05 0.3 -------------------------------------------------------------------- 246002 Discovery Outcrop chip 10.0 0.46 3.6 -------------------------------------------------------------------- 246001 Discovery Outcrop chip 10.0 0.06 0.4 -------------------------------------------------------------------- 246200 Discovery Outcrop chip 10.0 2.69 24.4 -------------------------------------------------------------------- 246241 2.4km SSW of D.O.(i) chip 0.7 2.89 99.2 -------------------------------------------------------------------- 246242 1.6km SSW of D.O.(i) chip 0.3 1.65 1.5 -------------------------------------------------------------------- (i)D.O. equals Discovery Outcrop -------------------------------------------------------------------- E[acute accent]The area surrounding the discovery outcrop is predominantly overburden covered. Therefore a series of soil sample lines were established to test for extensions to the mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zone under cover. A total of 117 soil samples were collected at 25m intervals along lines spaced approximately 100m apart. A 1.25km long and up to 500m wide northwest-oriented copper-silver soil anomaly is centered on the discovery outcrop. Soil values range from 5 to 1,910 ppm copper (0.19% 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 (see map on Amera website). E[acute accent]The Cocha property hosts sedimentary copper-silver mineralization similar in style to the giant Lubin Deposit (52 Mt Cu, 2,275 M oz Ag1) in the Kupferschiefer district of Poland and the White Pine Deposit (8.3Mt Cu, 800 M oz Ag(1)) in the Upper Peninsula of Michigan The Upper Peninsula of Michigan is the northern of the two major land masses that comprise the U.S. state of Michigan. It is commonly referred to simply as the Upper Peninsula, the U.P., or Upper Michigan, and more casually as the land "above the Bridge". . The Cocha property is located in a belt of Permian-aged clastic clastic /clas·tic/ (klas´tik) 1. undergoing or causing division. 2. separable into parts. clas·tic adj. 1. sedimentary rocks known to host stratabound copper-silver mineralization. The property is road-accessible and averages 4400m above sea level. E[acute accent]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. E[acute accent]ON BEHALF OF THE BOARD E[acute accent]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. E[acute accent]1. Sediment-Hosted Copper Deposits of the World: Deposit Models and Database By Dennis P. Cox, David A. Lindsey, Donald A. Singer and Michael F. Diggles; USGS USGS United States Geological Survey (US Department of the Interior) Open-File Report 03-107 Version 1.0 E[acute accent]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. E[acute accent]2006 Number 01 E[acute accent]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. has not reviewed and does not accept resp onsibility for the adequacy or the accuracy of this release. E[acute accent]Amera Resources Corporation (TSX VENTURE:AMS) (FRANKFURT:OAY) |
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