AURELIO ANNOUNCES MAJOR CONSOLIDATION OF LAND POSITION IN
THE TURQUOISE MINING DISTRICT, ARIZONA
LITTLETON, COLORADO, August 15, 2007 News Release #07-14
Aurelio Resource Corporation (OTCBB : AULO Frankfurt: F3RA) is pleased
to announce that the Company has
entered into a mineral lease and option agreement with the Rae family for 13
patented mining claims (covering approximately 250 acres) located on the north
of the MAN area that is part of the Company’s wholly-owned Hill Copper-Zinc
Project. As part of the transaction, the Company has also acquired approximately
1,037 acres of surface rights covering the entire MAN deposit with additional
surface and mineral rights to the east and west of the deposit.
These acquisitions were concluded through Aurelio’s wholly owned Arizona subsidiary,
Bolsa Resources, Inc. This transaction significantly expands Aurelio's property
ownership, and provides the company with an opportunity to aggressively
increase its resource base through its on-going drilling program.
The option agreement includes a down payment of $10,000, with
additional staged payments over two years totaling $1.3 million. There is no
royalty payable on production from any of the patented mining claims.
Additionally, the Company reports that it
has staked an additional five unpatented BLM lode mining claims (covering
approximately 76 acres) to the north and northeast of the MAN deposit. These
claims are adjacent to, as well as to the east of the patented Hope claims
purchased in September of 2006 covering the Courtland area.
Lastly, the Company has applied for three
Arizona State Exploration Permits covering an estimated 1,360 acres. The State
Exploration Permits are located to the south and southeast of the MAN deposit,
and cover projected extensions along strike of high-grade,
copper-zinc-silver-gold mineralization.
Aurelio now controls a total of 145
patented and unpatented claims and seven State Exploration Permits in the
Turquoise Mining District, with a total land position in excess of 5,000 acres
stretching more than five miles long and over one mile wide.
The Company has previously reported a potential
resource of 52.3 million tons @ 0.65% copper-equivalent on the MAN claims, and
an additional 8.4 million tons @ 0.65 % copper-equivalent on the Courtland
claims (equaling a total of 790 million pounds of copper equivalent material).
A separate resource calculation is in progress for the South
Courtland area, where drilling continues to intercept significant
thicknesses of oxide copper and zinc mineralization.
About The Company
Aurelio Resource
Corporation is a mineral exploration and development company focused on
achieving mid-tier producer status. The Company's wholly-owned Hill
Copper-Zinc Project is located east of Tucson,
AZ and contains a number of
potentially low-cost, bulk-tonnage, open-pit-mineable deposits close to surface
containing significant amounts of copper, zinc, silver and gold. Presently,
the in-house calculated resource for the entire Hill project is estimated by
the Company to be nearly 800 million pounds of copper at a copper-equivalent
grade of 0.65% (copper and zinc combined). Aurelio has also acquired the
rights to explore, and an option to purchase, the Gavilanes gold porphyry
deposit in Durango, Mexico.
Contact:
Dr. Fred Warnaars 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 in this
news release include: in-house estimated resources for the MAN and Courtland
areas of the Hill Copper-Zinc Project; and, that a resource estimate is
currently underway for the South Courtland
area.
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 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 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 10-KSB and 10-QSB filed with the Securities and Exchange
Commission.
Regards,
Diane G. Dudley
Investor Relations
Aurelio Resource
Corporation
303-945-7273
1-800-803-1371
dianed@aurelioresources.com
stock traded as AULO
on Over the Counter Bulletin Board (OTCBB)
Web site: www.aurelioresources.com