Northern Peru Copper Drills the Best Hole to Date at Galeno-400 Meters @ 0.80% Copper '1.01% Copper Equivalent' from Surface.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 -- Northern Peru Copper Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, ) announces continuing excellent results from its drill program at the Galeno copper-gold-molybdenum project in northern Peru including the best hole drilled to date by the company or any previous operator on the property. The new results comprise fourteen core holes and are listed in the attached table. Drill hole locations are shown on the attached map. Results are highlighted by infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. hole GND-05-30, that returned 400 meters grading 0.80% copper, 0.20 g/t gold, and 0.015% molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. (1.01% copper equivalent) from surface including 106 meters grading 1.00% copper, 0.23 g/t gold and 0.022% molybdenum (1.27% copper equivalent). In addition step-out hole GND-05-27 cut 378.45 meters grading 0.67% copper, 0.12 g/t gold and 0.004% molybdenum (0.76% copper equivalent). This is one of six holes in the latest fourteen that stepped out laterally lat·er·al adj. 1. Of, relating to, or situated at or on the side. 2. Of or constituting a change within an organization or a hierarchy to a position at a similar level, as in salary or responsibility, to the one being left: from the high grade core of the deposit. The others are: GND-05-25, 33, 34, 36 and 37. Marshall Koval, 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. , said: "We are delighted with the latest drill results from Galeno and look forward to additional step-out drilling as we see great potential to add significant tonnes to the north, east and south of the high grade core. We will also be drill testing a nearby concealed con·ceal tr.v. con·cealed, con·ceal·ing, con·ceals To keep from being seen, found, observed, or discovered; hide. See Synonyms at hide1. geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. target that resembles Galeno. With the impressive results from the ongoing work at the copper zone at Galeno and our aggressive follow-up of the gold and polymetallic discoveries at Hilorico, 2006 is set to be a terrific year for Northern Peru." Two diamond drill rigs are now active on the Galeno project and a third is being mobilized to work exclusively at the adjacent Hilorico zone. To date 41 holes comprising approximately 16,000 meters have been drilled at Galeno with 673 metres of core drilling in two holes completed at the Hilorico. Additional results will be announced as they are received.
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From To Interval Cu Au Mo Cu(i)
Hole No. Meters Meters Meters % g/t % Equivalent%
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GND-05-24 4.50 146.00 141.50 0.63 0.11 0.026 0.85
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GND-05-25 226.00 396.00 170.00 0.58 0.13 0.035 0.87
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GND-05-26 13.20 242.00 228.80 0.95 0.20 0.013 1.14
Including 13.20 160.70 147.50 1.10 0.24 0.018 1.35
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GND-05-27 1.55 380.00 378.45 0.67 0.12 0.004 0.76
Including 1.55 70.00 68.45 1.00 0.11 0.005 1.09
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GND-05-28 28.00 194.00 166.00 0.51 0.20 0.006 0.66
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GND-05-29 4.00 170.00 166.00 0.66 0.10 0.019 0.83
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GND-05-30 0.00 400.00 400.00 0.80 0.20 0.015 1.00
Including 0.00 106.00 106.00 1.00 0.23 0.022 1.27
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GND-05-31 12.00 204.00 192.00 0.60 0.09 0.020 0.77
Including 12.00 112.00 100.00 0.73 0.09 0.023 0.92
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GND-05-32 12.00 92.00 80.00 0.42 0.15 0.005 0.54
Including 38.00 76.00 38.00 0.51 0.13 0.006 0.62
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GND-05-33 14.00 186.00 172.00 0.46 0.14 0.017 0.64
Including 106.00 186.00 80.00 0.55 0.19 0.024 0.80
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GND-05-34 2.00 436.00 434.00 0.44 0.08 0.017 0.59
Including 14.00 186.00 172.00 0.53 0.08 0.014 0.66
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GND-05-35 1.60 120.00 118.40 0.65 0.09 0.003 0.72
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GND-05-36 12.00 220.00 208.00 0.43 0.14 0.002 0.52
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GND-05-37 56.00 352.00 296.00 0.46 0.15 0.032 0.74
Including 278.00 352.00 74.00 0.60 0.13 0.021 0.80
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(i) Copper equivalent calculated using US$1.00/lb Cu, US$400/oz Au
and US$6.00/lb Mo and is not adjusted for metallurgical recoveries as
these remain uncertain. The formula used is as follows: CuEQ equals
Cu% + (Au g/t x 12.86 / 22.05) + Mo% x 132.28 / 22.05)
Marshall Koval, P.Geo, is the Qualified Person as defined by National Instrument 43-101 for the Galeno Project. Jeff O'Toole, a geologist with over 25 years of experience is supervising the quality control and quality assurance program on site. Logging and sampling are completed in Northern Peru's secure facility located at the project. The drill cores are mechanically split on site and samples are transported to the Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point". 2. A program for MS-DOS. Analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. Laboratories facility in Lima for sample preparation with analysis done at their facility in Vancouver B.C. Northern Peru inserts standards, blanks and duplicates selected on a random basis into the sample stream and sends 5% of the sample pulps to check laboratories in Vancouver. NORTHERN PERU COPPER CORP. Marshall Koval, CEO & President CAUTION 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. : Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of copper, gold and molybdenum, the timing and amount of future production, metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. recoveries, costs of production, reserve and resource determination and reserve conversion rates, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the integration of acquisitions, risk relating to international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , risks relating to joint-venture operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project and exploration parameters as plans continue to be refined, future prices of copper, gold and molybdenum, as well as those factors discussed in the section entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Risk Factors" in the Form 20-F as on file with the Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. To view the attached map, please click on the following link: http://www.ccnmatthews.com/docs/noc0109.jpg Northern Peru Copper Corp. (TSX:NOC) |
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