Aurelio Acquires Major Mineral Properties in Arizona with a Total of 65 Claims and Three State Exploration Permits.LITTLETON, Colo. -- Aurelio Resource Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AULO AULO Archives Union List of Ontario project ) is pleased to announce completion of a final mineral lease and option agreement with three individual owners of 65 "Gold Coin Gold coins are one of the oldest forms of money. The first gold coins in history were coined by the Lydian king Croesus in about 560 BC, not long after the first silver coins were minted by king Pheidon of Argos in about 700 BC. " mineral claims and three Arizona State Exploration Permits. These acquisitions were concluded through its wholly owned Arizona subsidiary, Bolsa Resources, Inc. This significantly expands Aurelio's property ownership at its Hill Copper Project in Arizona and gives the company the ability to aggressively increase its resource base. The 65 unpatented "Gold Coin" claims along with the three Exploration Permits form one continuous block of claims covering 1540 acres. These new properties are all located to the south and southeast of the MAN claims and host the possible continuation of our drill indicated copper and zinc zinc, metallic chemical element; symbol Zn; at. no. 30; at. wt. 65.38; m.p. 419.58°C;; b.p. 907°C;; sp. gr. 7.133 at 25°C;; valence +2. Zinc is a lustrous bluish-white metal. It is found in Group 12 of the periodic table. resources. The group of claims contains multiple additional copper and zinc targets and three known gold prospects. The option agreement includes a down payment of $20,000 with additional staged payments spread over four years totaling $1.5 million. In addition, there is a royalty of 1% of production of base metals and 2.5% of 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. . Aurelio now controls a total of 32 patented claims, 96 unpatented claims and three State Exploration Permits. The total acreage is 2607 and stretches over 3.4 miles and is about 1 mile wide. The company has an in-house calculated resource of 52.3 million tons @ 0.65% copper equivalent on the MAN claims and 8.4 million tons @ 0.65 % copper equivalent on the Courtland claims equaling a total of 790 million pounds of copper equivalent (copper and zinc). About the Company Aurelio Resource Corporation is a debt-free mineral exploration and development company focused on achieving mid-tier producer status. The Company's wholly owned Hill Copper Project is located east of Tucson, AZ, and contains several potentially open-pit mineable deposits containing significant amounts of copper, zinc, silver and gold. Aurelio has also acquired the rights to explore and an option to purchase the Gavilanes 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. deposit in Durango, Mexico. The Company's common shares are traded on the OTC-BB exchange under the symbol "AULO." On Behalf of the Board of Directors, and Fred Warnaars, 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. . Aurelio Resource Corporation For additional information, please visit our website (www.AurelioResources.com) and/or send an email to DianeD@AurelioResources.com. Legal Notice Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include: that the Gold Coin claims host the possible continuation of our drill indicated copper and zinc resources; that our in-house calculations, of 52.3 million tons at 0.65% copper equivalent (i.e. copper and zinc) can be realized; that we will pay for the Gold Coin claims and three Arizona State Exploration Permits; that we can aggressively expand the Hill Copper Project resource base; and that our property contains several potentially open-pit mineable deposits containing significant amounts of copper, zinc, silver and gold. It is important to note that the Company's actual outcomes may differ materially from those statements contained in this press release. Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; that we may not be able to keep our qualified personnel; that our estimates of mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature are inaccurate; that we may not be able to get equipment or labor as we need it; that we may not be able to raise sufficient funds to complete our intended exploration, purchase, lease or option payments; that our applications to drill may be denied; that weather, logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation problems or hazards may prevent us from exploration; that analysis of data cannot be done accurately and at depth; that results which we have found in any particular location are not necessarily indicative of larger areas of our property; and that despite encouraging data there may be no commercially exploitable 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. on our properties. Readers should refer to the risk disclosures outlined in the Company's most recent 10-KSB filed with the Securities and Exchange Commission. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion