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NEWS RELEASE 2007 -12
TSX Trading Symbol: Common Shares – “SRY” CUSIP
Number 860838101
Warrants – “SRY.WT” CUSIP Number 860838119
DRILL RESULTS AT EL PILAR COPPER PROPERTY, MEXICO
August 2, 2007 – Toronto,
Ontario, Canada Peter Mordaunt, CEO
and Chairman of Stingray Copper Inc. (“Stingray”) is pleased to announce
that drill hole assay results have been received for 9 additional holes
completed at the Company’s El Pilar Copper Property located in Sonora, Mexico.
Work at El Pilar is focused on a definition drilling program that is
designed to enhance the El Pilar inferred mineral resource of 180 million
tonnes grading 0.37% total copper calculated at a cut off of 0.25% total
copper (See News Release 2007-05). These 9 holes have been drilled
vertically on the two most northern sections at 9200N and 9100N as the
drilling progresses from the north to the south completing the in-fill of
the El Pilar mineral resource. The drill holes as
presented in the table below continue to confirm the results of the
previous drill programs completed by Noranda Mexico.
2007 El Pilar Program: Drill Hole Results
|
Section
|
Easting
|
Hole
|
From (m)
|
To (m)
|
Interval
(m)
|
Grade
(Total Copper %)
|
|
|
|
|
|
|
|
|
|
9200N
|
1400
|
S07-03
|
122
|
144
|
22
|
0.30
|
|
|
1500
|
S07-04
|
94
|
114
|
20
|
0.21
|
|
|
|
|
132
|
140
|
8
|
0.35
|
|
|
1700
|
S07-05
|
6.2
|
52
|
45.8
|
0.61
|
|
|
|
|
92
|
135.05*
|
43.05
|
0.53
|
|
|
1700
|
S07-05A
|
10.2
|
48
|
37.8
|
1.05
|
|
|
|
|
98
|
124*
|
26
|
0.48
|
|
|
1900
|
S07-06**
|
6.3
|
76.0
|
69.7
|
0.36
|
|
|
|
|
132
|
219
|
87
|
0.60
|
|
|
2100
|
S07-07
|
18.75
|
148
|
129.25
|
0.46
|
|
|
2300
|
S07-08
|
38
|
90
|
52
|
0.28
|
|
|
|
|
146
|
158
|
12
|
0.34
|
|
|
|
or
|
38
|
158
|
120
|
0.22
|
|
|
|
|
|
|
|
|
|
9100N
|
1100
|
S07-09
|
82
|
136
|
54
|
0.35
|
|
|
2200
|
S07-17
|
66
|
90
|
24
|
0.45
|
|
|
|
|
124
|
184
|
60
|
0.42
|
|
|
|
or
|
24
|
184
|
148
|
0.32
|
|
|
2300
|
S07-18
|
64
|
82
|
18
|
0.26
|
|
|
|
|
128
|
198
|
70
|
0.35
|
|
|
|
|
50
|
200
|
150
|
0.26
|
*both holes
stopped at fault-breccia
**previously
reported in News Release 2007-11
The location of these
drill holes can be viewed at the link below;
http://www.stingraycopper.com/PressReleases/elpilar_drillingmap.pdf
The Company is
continuing this extensive, 25,000 meter fill-in drill program at the El
Pilar Copper Property, Sonora, Mexico where 2 drills are drilling HQ core.
The purpose of this program is to reclassify the inferred mineral resource
and to explore for additional resources in the immediate vicinity. All
drill core samples are split by the Company’s staff under the direction of
the Company’s geologists and are delivered for assaying to ALS Chemex,
Hermosillo, Sonora, Mexico. The Company’s program will incorporate
significant metallurgical testing in preparation of a feasibility study for
the El Pilar project which is viewed as an SX – EW operation (solvent
extraction – electro winning).
Peter Mordaunt, P.Geo is
the Qualified Person responsible for the technical content of this release.
Stingray
is a copper resource company that is focused on the development of the El
Pilar Copper Property located in Sonora, Mexico. The Company has commenced
an extensive drill program to further define and expand the reported
resource at the El Pilar oxide copper project.
Website: www.stingraycopper.com
TSX Symbol: Common Shares - “SRY” Issued: 58,725,982 common
shares
Warrants
- “SRY.WT” 20,850,000 warrants
FOR
FURTHER INFORMATION PLEASE CONTACT:
“Steve
Brunelle” “Peter Mordaunt”
Steve
Brunelle
Peter Mordaunt
Vice
President
CEO & Chairman
(416) 368-6240
Certain Statements presented herein
may constitute “forward-looking statements”. Such forward-looking statements
may include potential mineralization, resources and reserves, conclusions
of prefeasibility and feasibility studies, estimates of future production,
capital and operating costs, prices of metals and other known and unknown
risks. These and other factors and uncertainties may cause material
differences from future results as expressed or implied by these
forward-looking statements. These risks, uncertainties and other factors
include but are not limited to the risks involved in the exploration, development
and mining business.
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