AURELIO
CONTINUES TO EXPAND MINERAL HOLDINGS IN THE TURQUOISE MINING DISTRICT OF ARIZONA
LITTLETON, COLORADO, March 26, 2008 News Release #08-07
Aurelio Resource
Corporation (OTCBB : AULO, Frankfurt : F3RA) is pleased to announce that the
Company’s wholly-owned subsidiary, Bolsa Resources, Inc. (“Bolsa
Resources”), has entered into an agreement to acquire 20 patented mining
claims (the “Viewsites claims”) in the Turquoise Mining District of
Cochise County, Arizona. Also, Bolsa expects to close the mineral lease and option agreement
with the Rae family (the “Rae Acquisition”) in early April
2008. The Rae Acquisition was previously announced on August 15, 2007
(see News Release #07-14), but was contingent upon a survey which has recently
been completed.
The Viewsites patented claims
are located to
the west and southwest of the MAN Area that is part of the Company's
wholly-owned Hill Copper-Zinc Project. These claims encompass an
estimated 363 acres (survey pending) and incorporate projected extensions of
copper-zinc-silver-gold sulfide mineralization as well as of the leachable
oxide copper and chalcocite copper deposits overlying the MAN Area sulfide
zone.
Bolsa Resources will acquire the
Viewsites claims with staged payments totaling $950,000 over thirty months. Closing
is scheduled to occur by August 1, 2008 following completion of a detailed
survey of the 20 patented mining claims.
The Rae Acquisition
includes 13
patented mining claims on 213 acres, many located on the northern portion of the
MAN Area plus an additional 292 acres of surface and mineral rights located to
the east of the MAN Area. As part of the transaction, the Company has
also acquired approximately 744 acres of surface rights covering most of the
MAN Area and includes 412 acres to the west. The acquisition incorporates
projected extensions along strike of copper-zinc-silver-gold sulfide
mineralization.
There is no production royalty
payable on production from any land acquired in these transactions, nor were
any fees or commissions paid in relation to the transactions.
These acquisitions significantly
expand Aurelio's property ownership in the district, and provide the Company
with an opportunity to aggressively increase its resource base through further
exploration and reserve delineation drilling.
Upon the completion of these
transactions, the Company will control a total of 184 patented and unpatented
mining claims, six Arizona State Mineral Exploration Permits and more than 2000
acres of surface rights within the Turquoise Mining District, with a total land
position in excess of 5,400 acres. The Company’s land position will
encompass an area approximately six miles long and over one mile wide that
incorporates a number of past-producing, high-grade copper-gold-silver-zinc
mines.
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 B. Doppler Diane
G. 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 our property 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; that the Viewsites
acquisition incorporates projected extensions of high-grade,
copper-zinc-silver-gold sulfide mineralization as well as the leachable oxide
copper and chalcocite copper deposits overlying the MAN Area sulfide zone; that
the Rae acquisition incorporates projected extensions along strike
of high-grade, copper-zinc-silver-gold sulfide mineralization; and, that the
transactions provide the Company with an opportunity to aggressively increase
its resource base through further exploration and reserve delineation drilling.
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-KSB
and Form 10-QSB 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)