ACERO
DRILLS 29.50 METERS OF 2.25 G/T (GOLD EQUIVALENT)
AND 12.00 METERS OF 4.22 G/T (GOLD EQUIVALENT) AT
PINAYA
February 20th, 2007
Vancouver, BC
Acero-Martin Exploration Inc. (the
“Company”) is pleased to announce that the
Company continues to intersect significant new gold-copper
mineralization at its Pinaya project in Southwestern
Peru. Currently drilling is continuing at Pinaya, focused
on expanding the Western Porphyry (herein “Porphyry”)
and Gold Oxide Skarn (herein “Gold Oxide Zone”)
resource areas and adding to the resource defined in
the initial NI 43-101 resource report (see news release
20 September 2006).
Since the initial resource estimate was released 22
new holes (PDH 071-092) have been completed totaling
over 5,500 meters. Holes PDH 071-078 were announced
November 15, 2006 and holes PDH 079-086 were announced
February 5, 2007.
The Company is reporting the results of the last six
of these holes (PDH 087-092), all of which targeted
the Porphyry zone. An updated drill hole location map
is available at: http://www.aceromartinexp.com/projects/pinaya/
Highlights include:
• PDH-091: 65.50 meters of 0.33
g/t Au and 0.52% Cu (1.28 g/t AuEq)
Including 29.50 meters of 0.31 g/t Au and 1.06% Cu (2.25
g/t AuEq)
• PDH-092: 100.05 meters of
0.64 g/t Au and 0.22% Cu (1.04 g/t AuEq)
Including 30.05 meters of 0.77 g/t Au and 0.54% Cu (1.76
AuEq) and 12 meters of 0.18 g/t Au and 2.21% Cu (4.42
g/t AuEq)
Complete drill results are available HERE
All of the holes hit significant gold-copper mineralization
and continue to demonstrate that the resource identified
in the initial resource report can be substantially
increased through further drilling. In particular:
Holes PDH-087, 090, and 092 focused on testing the
500 meter gap between the Northern and Southern portions
of the Porphyry. All three holes hit gold-copper mineralization
beginning near surface. The success of these holes is
consistent with our geomodeling and further strengthens
our belief that the Northern and Southern portions of
the Porphyry are connected and form one large deposit.
Further drilling will be aimed at closing the gap between
the Northern and Southern portions of the Porphyry.
Holes PDH-088 and 089 were drilled in the Southern
portion of the Porphyry and extended the zone to the
Northwest towards the Gold Oxide Zone. The results continue
to confirm that the Porphyry and Gold Oxide Zones are
geologically related and may be spatially connected.
Further drilling will be aimed at connecting the two
zones.
Drilling is continuing at the Pinaya project with
the goal of quickly and efficiently adding to the resource
defined within the Porphyry and Gold Oxide resource
areas. Alongside the drilling, metallurgical, environmental,
and social-economic studies are underway to aid in the
development of an initial open-pit heap leach mine at
the Gold Oxide Zone and lay the groundwork for a scoping
study which is to commence by Q2 2007.
The Company has also recently received additional results
from the 2006/07 mapping and trenching program. The
results are being compiled and will be released shortly.
The Company is compliant under National Instrument
43-101 for the Pinaya project. Jeffrey Reeder, P.Geo,
is the qualified person responsible for the exploration
program at Pinaya and is supervising the quality control
and quality assurance program. A quality control program
of standards, blanks and duplicates is maintained.
About
Acero-Martin Exploration Inc.
Acero-Martin Exploration Inc. is a Canadian-based mineral
exploration and development company with projects in
North and South America. The Company is currently focused
on developing its flagship gold-copper property Pinaya,
located in Southern Peru. For additional information
please go to http://www.acero-martin.com
or http://www.goldmau.com/asd.htm
Disclosure
and Disclaimer Statement:
Mau Capital Management provides, for remuneration, marketing
services to Acero-Martin Exploration Inc. The information
contained in this email is based on existing documents
or other publicly available information. You are encouraged
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