Aurelio Announces Discovery of a Significant, Near-Surface, New Oxide Copper Deposit in the South Courtland Area of the Hill Copper Project, Arizona.LITTLETON, Colo. -- Aurelio Resource Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AULO AULO Archives Union List of Ontario project ) is pleased to announce further favorable results from the Company's drilling program in the South Courtland Area of its wholly owned Hill Copper Project, located in the Turquoise turquoise, hydrous phosphate of aluminum and copper, Al2(OH)3PO4·H2O+Cu, used as a gem. It occurs rarely in crystal form, but is usually cryptocrystalline. Mining District of Cochise County in southeastern Arizona. The South Courtland area is centrally located within the 2.5-mile (4-kilometer)-long Hill Copper Project. South Courtland encompasses an area of significant, near-surface heap leachable oxide copper 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. over significant length (more than 3,000 ft), thicknesses (over 150 ft), and widths (greater than 700 ft). The oxide copper mineralization is associated with primary copper mineralization at depth. The key drill intercepts are summarized in the following table:
Drill Hole # < From To Inter- Copp- Zinc Silver
Gold
<
B-102 < 1 ft 85 ft 84 ft 0.73% 0.18% 3.1 g/t
0.06 g/t
<
B-104 < 15 ft 135 ft 120 ft 0.48% 0.09% 5.5 g/t
0.10 g/t
Core holes B-102 and B-104 were exploration holes drilled in the vicinity of the historic Highland and Humbolt Mines, where in-situ copper sulfide Copper sulfides describe a family of chemical compounds and minerals with the formula CuxSy. Both minerals and synthetic materials comprise these compounds. Some copper sulfides are economically important ores. resources at depth have been reported to remain. The Highland mine was developed early in the 20th century with a 550-ft-deep shaft and several hundred feet of drifts on the 250- and 350-ft levels; the Humbolt mine, which operated from the late 1890s through 1908, has a 320-ft shaft with drifts on the 100- and 200-ft levels. "We are very pleased with these results, particularly the intercepts of attractive oxide copper very near the surface, which would suggest low stripping ratios and correspondingly low mine operating costs operating costs npl → gastos mpl operacionales . The grades encountered in these drill holes compare favorably with other open pit solvent-extraction/electro-winning (SX/EW) copper mines. A preliminary in-house assessment indicates a potential of between 20 to 35 million tons or 200 to 350 million lbs. of additional copper assuming an average grade of 0.5% copper near surface. We expect that the South Courtland Area will add significantly to our existing, in-house estimated, inventory of nearly 800 million lbs. of copper," said Fred Warnaars, Aurelio's 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. . 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 near Tucson, AZ, and contains several potentially open-pit mineable deposits containing significant oxide copper, oxide zinc, and chalcocite chalcocite Sulfide mineral, Cu2S, that may be an important ore of copper. It belongs to a group of sulfide minerals formed at relatively low temperatures. Chalcocite alters to native copper and other copper minerals. replacement blanket and skarn/carbonate replacement deposits containing copper, zinc, silver and gold. Aurelio has also acquired an extensive exploration database covering much of the historical results from the Turquoise Mining District, Cochise County, Arizona Cochise County is located in the southeastern corner of the U.S. state of Arizona. As of the 2000 census its population was 117,755. The county seat is Bisbee. History Cochise County was created on January 3, 1881 out of the eastern portion of Pima County. , where the Hill Copper Project is located, including drilling logs and assay results of 274 holes drilled by ten different companies (including Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. Pacific Mining, ASARCO ASARCO American Smelting and Refining Company and Kennecott Copper) between the early 1950s and the mid-1990s. This database provides confirmation of Aurelio's previously reported mineral resource estimates, as well as identifying multiple copper/zinc/silver/gold exploration targets on the Hill Copper Project. 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 OTCBB exchange under the symbol "AULO." On Behalf of the Board of Directors and Fred Warnaars, President & CEO. 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 and include: that our findings suggest low stripping ratios and correspondingly low mine operating costs; that grades encountered in these drill holes compare favorably with other open pit solvent-extraction/electro-winning (SX/EW) copper mines; that a preliminary in-house assessment indicates a potential of between 20 to 35 million tons or 200 to 350 million lbs. of additional copper assuming an average grade of 0.5% copper near surface; that the South Courtland Area will add significantly to our existing, in-house estimated, inventory of nearly 800 million lbs. of copper. 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 copper resources 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; that our applications to drill may be denied; that weather, logistical 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 large areas of our property; and that, despite encouraging data, there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's most recent Form 10-KSB and the Company's August 23, 2006, Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. announcing the Aurelio acquisition filed with the Securities and Exchange Commission. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion