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Acero-Martin
Announces Corporate Update
May 13th, 2008
Vancouver, BC
Acero-Martin Exploration Inc. (the “Company” or
“Acero-Martin”) is pleased to provide
the following corporate update from its President and Chief Executive
Officer Dr. Stewart Jackson.
My fellow shareholders:
Since taking on the
leadership role with Acero-Martin Exploration I
have had the pleasure and opportunity to implement a review of the Pinaya Copper-Gold Project and begin to formulate the
strategy for the exploration program moving forward. As an
exploration geologist and manager, I have been privileged to have
participated in the discovery of several major deposits that are now in
production. Similarly, with the Pinaya
Project, I see great potential to expand the current resource base and
prove up a major deposit.
In preference to a previously
considered early production scenario, moving forward the immediate goal for
Acero-Martin will be to rapidly increase the size
of the resource base at Pinaya. While we
have no control over world markets or the value of gold and copper, we do
have control over the definition of the resource. A significantly
larger resource base will be aggressively pursued.
From the current
database of more than 150 holes comprising some 40,000 meters of
drilling, wide step-out holes and deeper drilling will be used to expand
the extensive system outlined by work to date. Comparing the Pinaya Project with other major porphyry-related copper
and copper-gold systems in favourable belts of both Peru and Chile suggests
that results obtained to date possibly lie within the upper reaches of a
large system that is driven by a major underlying intrusive body or
“feeder system.”
The geological model we
will be using to guide exploration is that of an intrusive mass with
surrounding alteration similar to that of the Collahuasi
deposit of Chile,
which is measured in billions of tonnes versus the modest yet substantial
resource delineated on the property to date.
To assist in this
approach, all drilling, geophysical, geochemical, and surface data is
currently being compiled into a computerized model for
re-interpretation. The Company is also in the process of switching to
a deep drilling rig capable of testing the depth potential of the project
down to at least 1,000
meters.
The vast scale of the
exploration target requires a new approach to determine the ultimate extent
of the deposit. I am motivated by the potential of the project and
look forward to reporting new results and developments.
I leave you with the
comment that your Management and Board are committed to maximizing
shareholder value. We are excited about the potential that lies ahead
and thank you for your patience, loyalty and your continued support as we
move forward.
ON BEHALF OF
THE BOARD OF DIRECTORS
“Stewart
Jackson”
Stewart Jackson, PhD, P. Geol.
President and CEO
For further information, contact us at
1 877 646 0067
Email: info@acero-martin.com or visit our website http://www.acero-martin.com
The technical
information in this news release has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43- 101 and
reviewed on behalf of the Company by Dr. Stewart Jackson, P.Geol.,
Acero-Martin’s President and CEO, a
qualified person.
This news release
has been prepared by management. The TSX Venture Exchange does not
accept responsibility for the adequacy or accuracy of this release. This
document contains certain forward looking statements which involve known
and unknown risks, delays, and uncertainties not under the Company’s
control which may cause actual results, performance or achievements of the
Company to be materially different from the results, performance or
achievements implied by these forward looking statements. We seek safe
harbor.
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