Aurelio Resource Corp.

Published : May 06th, 2008

ANNOUNCES HIGHLY ENCOURAGING METALLURGICAL TEST RESULTS

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AURELIO ANNOUNCES HIGHLY ENCOURAGING METALLURGICAL TEST RESULTS FOR HILL COPPER LEACH PROJECT

 

 

LITTLETON, COLORADO, April 28, 2008                                               News Release #08-11

 

Aurelio Resource Corporation (OTCBB : AULO, Frankfurt : F3RA) is pleased to announce highly encouraging results from sequential leach test programs completed by two independent labs on mineralized material from the Company’s wholly-owned Hill Copper Leach Project, located in Cochise County, Arizona.

 

The results confirm that secondary (chalcocite) copper mineralization at Hill is amenable to extraction of copper using industry-standard acid leach solution methods.

 

Initial sequential leach analyses of individual five-foot drilling samples from the 2007 drilling campaign were completed by Skyline Assayers & Laboratories (“Skyline”) in Tucson, Arizona.  Similar analyses were completed on a larger composite sample by Mountain States Research & Development International (“MSRDI”) in Vail, Arizona.  These tests were conducted to determine if the chalcocite blanket is metallurgically-amenable to the conventional heap leach process.

 

For each test program, drill holes and sample intervals of secondary (chalcocite) copper mineralization were selected to represent variable combinations of grade, lithology and mineralogy in the Hill Copper Leach Project.  The typical profile of mineralization at the Hill Project consists of a barren leached cap which overlies a blanket-like secondary copper zone (referred to as the Hill Copper Leach Project); the secondary copper blanket, in turn, is underlain by primary (sulfide) copper-zinc mineralization with significant silver and gold credits.

 

The Skyline test work (detailed in Table 1) indicated that the weighted-average soluble copper as determined by sequential leach analysis is 85%:

 

Table 1:  Sequential Leach Results (Skyline Labs) For Hill Copper Leach Project

 

 

Drill Hole

 

From

 

To

 

Interval

Copper Grade

(total copper)

 

Soluble Copper

BR07-24

170 ft

265 ft

95 ft

0.32 %

88 %

BR07-25

200 ft

405 ft

205 ft

1.25 %

79 %

BR07-26

120 ft

170 ft

50 ft

0.19 %

89 %

BR07-27

130 ft

295 ft

165 ft

0.47 %

89 %

BR07-28

100 ft

145 ft

45ft

0.13 %

90 %

 

 

 

 

 

 

 

 

 

Weighted Average:

 

0.68 %

 

85%

 

NoteResults for BR07-25 are lower than the other four drill holes because of a single, five-foot interval which had an extremely high copper content, but a lower solubility for that corresponding test interval.

 

In order to confirm these results, Aurelio requested a composite sample from the drilling rejects to be similarly tested by MSRDI. 

 

MSRDI’s analysis was carried out on a larger composite sample from the 200 to 405 feet interval in drill hole BR07-25, and indicates that 88% of the copper is soluble (compared to 79% soluble copper in the Skyline tests). 

 

The results from MSRDI and Skyline confirm that the secondary (chalcocite) copper mineralization in the Hill Copper Leach Project is soluble, and potentially treatable by standard heap-leach technology.  Based on these encouraging results, MSRDI has been contracted to continue metallurgical testwork (bottle roll tests followed by column tests) to determine additional parameters for a heap-leach operation at the Hill Copper Leach Project.

 

“We are very encouraged by these preliminary metallurgical results” said Steve Doppler, President & CEO“These relatively high soluble copper values indicate the large chalcocite copper blanket mineralization in the Hill Copper Leach Project appears amenable to conventional, low-cost acid heap leaching technology and processing methods.  This may allow us to design a starter open pit mine and SX/EW heap leach operation as an initial phase of the overall development of our 100% owned Hill Copper-Zinc Project, and provide access to the deep, high-grade sulfide deposit beneath.  We plan to move ahead with further metallurgical testing, and will release results when available.”

 

About the Company

Aurelio Resource Corporation is a mineral exploration company focused on fast-track development of its wholly-owned Hill Copper-Zinc Project, which the Company believes contains a number of low-cost, bulk-tonnage, open-pit-mineable deposits close to surface containing significant amounts of copper, zinc, silver and gold. The Company has previously announced an independent estimate of the mineralized material at the MAN Area of the Project totaling 63.8 million tons at an average grade of 0.56% copper-equivalent. Aurelio has also acquired the rights to explore, and an option to purchase, the Gavilanes gold porphyry deposit in Durango, Mexico.

 

On behalf of the Board of Directors of Aurelio Resource Corporation

 

Contacts:

Stephen Doppler            Diane Dudley

President & CEO          Investor Relations

303-795-3030              303-945-7273 (direct)

800-803-1371              303-945-7270 (fax)

 

For additional information, please visit our website (www.AurelioResource.com) and/or send an email to DianeD@AurelioResource.com..

 

Legal Notice Regarding Forward Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Forward-looking statements in this news release include: that MSRDI has been contracted to continue with metallurgical testwork (bottle roll tests followed by column tests) to determine additional parameters for a heap-leach operation at the Hill Copper Leach Project; that the large chalcocite copper blanket mineralization could be amenable to conventional, low-cost acid heap leaching technology and processing method; that the Company could possibly design a starter open pit mine and SX/EW heap leach operation to extract such mineralized material; and, that such an operation could provide access to the deep, high-grade sulfide deposit underlying the Hill Copper Leach Project.

 

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 funds expected to be received may not be; that our estimates of mineral resources are inaccurate; uncertainties involved in the interpretation of drilling results and other tests and the estimation of resources;  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 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 on our properties.  Readers should refer to the risk disclosures outlined in the Company's most-recent Form 10-K and Form 10-Q Reports filed with the Securities and Exchange Commission.

 

Regards,

 

Diane G. Dudley | Investor Relations

Aurelio Resource Corporation

5554 S. Prince Street, Suite 200 | Littleton, CO 80120

Direct Line: 303-945-7273 | Fax: 303-945-7270 | Toll Free: 1-800-803-1371

Email: dianed@aurelioresource.com | Web site: www.aurelioresource.com

 

stock traded as AULO on Over the Counter Bulletin Board (OTCBB)

 

 



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Aurelio Resource Corp.

PRODUCER
CODE : AULO.OB
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Aurelio Res. is a gold and silver producing company based in United states of america.

Its main asset in production is GAVILANES in Mexico and its main exploration properties are VETA GRANDE, INDIAN CREEK, HORSE CREEK, CARLIN CORTEZ CORRIDOR, CRESCENT VALLEY NORTH, NORTH SLEEPER, ROBINSON CREEK, SAFFORD CANYON, SAND SPRINGS, HILL COPPER and IRON BUTTE in Mexico.

Aurelio Res. is listed in United States of America. Its market capitalisation is US$ 1.9 millions as of today (€ 1.5 millions).

Its stock quote reached its highest recent level on December 31, 2007 at US$ 1.75, and its lowest recent point on April 16, 2010 at US$ 0.01.

Aurelio Res. has 97 239 128 shares outstanding.

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Project news of Aurelio Resource Corp.
5/6/2008(Hill Copper)ANNOUNCES HIGHLY ENCOURAGING METALLURGICAL TEST RESULTS
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12/20/2007(Hill Copper)REPORTS ADDITIONAL HIGH-GRADE ZINC INTERCEPTS
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11/8/2007(Hill Copper)INTERCEPTS 185 FT AVERAGING 1.67% Cu AT MAN AREA OF HILL COP...
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