AM Gold Inc.

Published : February 25th, 2008

Making Serious Progress in Peru

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Keywords :   Canada | Copper | Gold | Gold Producer | K Street | Market | Peru | Zinc |

Acero-Martin Exploration - Making Serious Progress in Peru

February 25th, 2008
Vancouver, BC

Good afternoon – Recently, Malcolm Bucholtz of the Commodity Supercycle Report featured Acero-Martin in an update to his readers.  Malcolm makes some interesting and timely comments regarding Acero-Martin and the fundamental value of our Pinaya deposit that I feel are worthy of your consideration.  His article is below, and I hope you will take a moment to read his report.

Thank you for your interest in Acero-Martin Exploration and best regards.

Ryan Fletcher
Acero-Martin Exploration Inc.
(604) 999-5603 Phone
(800) 884-5269 Toll Free
(604) 646-0640 Fax
Email: ryan@acero-martin.com
www.acero-martin.com


Acero-Martin Exploration - Making Serious Progress in Peru

By Malcolm Bucholtz of the Commodity Supercycle Report

My frustration with these bizarre markets continues. Gold is visiting in the $900 neighborhood yet the markets continue to shun smaller up and coming Gold stories, Copper stories, and in fact all resource stories worse than Rudy Giulianni was shunned by voters in Florida this week.

One story that I like is that of Canadian based Acero-Martin Exploration (TSXv:ASD). Acero Martin's flagship property is the Pinaya copper-gold deposit in southern Peru.

Before the sound of the word Peru sends you running into the streets, just remember one thing:

Peru is Latin America’s largest gold producer, largely as a result of revised mining laws instituted in the 1990’s which prompted the subsequent exploration attention by several international mining companies. Newmont Mining Corporation’s Minera Yanacocha, Latin America’s largest gold mining operation, commenced production in the early 1990’s and is now producing over 2 million ounces of gold annually. In 1998, Barrick Gold Corporation’s Pierina mine started production and now yields approximately 900,000 ounces of gold annually, and more recently Barrick has put their Laguna Norte mine into production with reported reserves in excess of 10 million ounces of gold.

Base metal exploration also increased in the 1990’s with the privatization of the Antamina copper-zinc skarn deposit in north central Peru resulting in over US $2 billion of investment by the owners, Noranda and Teck-Cominco. In addition, the Tintaya copper mine, one of the largest copper producers in Peru and situated 70 km north of the Acero's Pinaya property, was privatized in late 1994. Australian based Xstrata has recently purchased the Tintaya mine from BHP-Billiton for US $750 million. I think I have more than made my point. Peru is a mining mecca.

What Acero-Martin has identified at Pinaya is over 25 million tonnes of mineralization containing a resource of some 666,000 ounces Gold and 385 million pounds Copper. This is sufficient to support a 15,000 tonne per day mining operation for 6 years. In other words, Acero-Martin is off to an excellent start. If it can continue to build out this resource (and I am certain it can) it will have little trouble attracting the necessary bank financing to build a mine.

Do the markets care? Of course not. If I were to buy all of Acero's shares right now at market prices I would pay nearly $18 million dollars. And for this I would end up with the solid beginnings of a mineable ore body. This market cap effectively values Acero's Copper resource in the ground at 20 cents per pound and its Gold at $11 per ounce in the ground. Downright depressing. Hello!! Anybody home out there ??

Acero Martin is a steal at these prices. Take a real hard look at it. Go to their website at www.aceromartinexp.com. These junior markets will one day soon wake up to the realities of $900 Gold and when they do investors who had the good sense to take positions in companies like Acero-Martin when the rest of the crowd was running away in fear will be smilin' all the way to the bank.

Source: Malcolm Bucholtz Feb 2008

For further information, contact us at
1 877 646 0067
Email: info@acero-martin.com or visit our website http://www.acero-martin.com

Stock Information
  Symbol: ASD (TSX-V)
Recent Price: C$0.285
Shares Outstanding: 63,566,564
Market Cap: C$18 M
Contact Information
  Acero-Martin Exploration

Ph: (877) 646-0067

Fax: (604) 646-0640

Email: info@acero-martin.com

http://www.acero-martin.com

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Data and Statistics for these countries : Canada | Peru | All
Gold and Silver Prices for these countries : Canada | Peru | All

AM Gold Inc.

EXPLORATION STAGE
CODE : AMG.V
ISIN : CA00443T2002
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AM Gold is a gold development stage company based in .

AM Gold holds various exploration projects in Canada.

Its main exploration properties are MINAS LUCHO, LA MAMITA and PINAYA in Peru and RED MOUNTAIN in Canada.

AM Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 784 273 as of today (US$ 603 798, € 539 373).

Its stock quote reached its highest recent level on November 19, 2010 at CA$ 7.80, and its lowest recent point on January 22, 2016 at CA$ 0.03.

AM Gold has 4 357 073 shares outstanding.

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In the News and Medias of AM Gold Inc.
8/28/2010New Uncle Sam Gold Scam
12/4/2007Exploring New Copper Discovery at Pinaya
11/15/2007Article by Malcolm Bucholtz of the Commodity Supercycle Repo...
10/15/2007Featured In October Issue of GoldNewsletter
Annual reports of AM Gold Inc.
2008 Annual Report
2007 Annual report
Financings of AM Gold Inc.
9/15/2008Closes First Tranche of Private Placement Raising $1=2E6 Mil...
9/11/2008Announces Amendment to Non-Brokered Private Placement
8/29/2008 Non-Brokered Private Placement
4/2/2008Announces Closing Of First Tranche Of Non-Brokered Private P...
2/29/2008 Announces Non-Brokered Private Placement
11/30/2007 Closes Non-Brokered Private Placement
11/24/2007Increases Private Placement To $2,379,365
Nominations of AM Gold Inc.
5/5/2011Announces Changes to the Board of Directors
3/25/2011(Pinaya)Announces Changes to the board
4/18/2008(Pinaya) Appoints Chief Geologist for Pinaya Gold-Copper Project
5/25/2007Announces New Appointments To Its Management and Operations ...
Project news of AM Gold Inc.
9/11/2012(Pinaya)Announces Regulatory Approval for the Pinaya Option and Join...
3/8/2012(Red Mountain)Inferred Resource Estimate At Red Mountain Significantly Inc...
10/3/2011(Red Mountain)Expands Gold Mineralization to extend across 450m Width incl...
6/22/2011(Red Mountain)Increases Land Position and Commences 2011 Drill Program at ...
6/10/2011(Pinaya)Announces Significant Resource Estimate Increase at Pinaya
5/16/2011(Pinaya)Announces Updated Technical Report for Pinaya Property
3/25/2011(Pinaya)Announces Airborne Geophysical Survey at Pinaya and Minas Lu...
3/20/2011(Red Mountain)Announces Red Mountain Exploration Program
11/30/2010(Red Mountain)expands zone of known gold mineralization approximately 270 ...
7/23/2008(Pinaya)Announces Update On Pinaya Drilling Program
4/1/2008(Pinaya Gold Oxide Skarn) Drills 9.80 Meters of 2.28 G/T GOLD within 27.00 M of 1.22 ...
3/4/2008(Pinaya) Commences 2008 Drilling Program at Pinaya Gold-Copper Proje...
12/18/2007(Pinaya) Intersects 44.80 Meters of 1.18% Cu at Pinaya Project, Peru
11/1/2007(Pinaya)Reports Additional Drilling Results From Its Pinaya Gold-Cop...
9/25/2007(Pinaya) Discovers New Copper Zone at Pinaya Project
9/12/2007(Pinaya)Drills 25.00 METERS OF 4.90 G/T GOLD WITHIN 67.50 M OF 2.00 ...
8/21/2007(Pinaya)Reports Additional Results From Its Ongoing Drilling Program...
7/22/2007(Pinaya)Drilling Continues to Expand Copper-Gold Porphyry Mineraliza...
7/9/2007(Pinaya)Soil Sampling Discovers New Gold-Copper Zones at Acero-Marti...
5/16/2007(Pinaya)Commences Scoping Study For Gold Operation at Pinaya
5/11/2007(Pinaya)Positive Preliminary Metallurgical Testwork For Pinaya
6/7/2006(Pinaya)Drills results at the Pinaya property
5/2/2006(Pinaya)cuts 83,95 m/275,4 ft of 2,1 g/t gold and 1,11% copper at Pi...
Corporate news of AM Gold Inc.
7/7/2016AM Gold to Defend Notice of Civil Claim by Kaizen
6/29/2016AM Gold Announces Proposed Going Private Transaction
6/24/2016AM Gold Announces a New Director
6/24/2016AM Gold Enters into Postponement Agreement for Red Mountain ...
5/3/2016AM Gold Closes Private Placement and Announces Corporate Upd...
4/29/2016AM Gold Announces No Material Change
4/20/2016AM Gold Corporate Update
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4/12/2016AM Gold Announces Corporate Update
4/5/2016AM Gold Announces Repricing of Private Placement
1/22/2016AM Gold Inc. to Commence Trading on Post-Consolidated Basis ...
12/19/2015AM Gold to Proceed with Share Consolidation
11/3/2015AM GOLD COMPLETES SALE OF PERUVIAN SUBSIDIARY TO KAIZEN DISC...
7/7/2015Kaizen Discovery Enters into Definitive Acquisition Agreemen...
1/22/2015AM Gold Enters into Secured Loan Agreement
1/6/2015AM Gold Files Counterclaim Against Rokmaster for Damages
12/18/2014AM Gold Inc. Shareholders Approved all Matters at Annual Gen...
11/28/2014AM Gold Responds to Rokmaster's Notice of Commercial Arbitra...
11/14/2014AM Gold Provides Update on Rokmaster Default
10/21/2014AM Gold Provides update on Rokmaster Default
9/25/2014IIROC Trading Resumption - AMG
9/24/2014IIROC Trading Halt - AMG
3/27/2014AM Gold Announces Revised Terms Of Private Placement
12/17/2013Season's Greetings from AM Gold Inc.
7/17/2012Enters Into $26 Million Option And Joint Venture Agreement W...
12/12/2011Season's Greetings from AM Gold Inc.
8/23/2011Adopts Shareholder Rights Plan
5/19/2011(Red Mountain)Announces Corporate Update
4/21/2011Inc: Clarification and Retraction of Previously Issued Techn...
2/24/2011and Capella Announce Termination of Letter of Intent
9/30/2008New Commodity Cycle
6/24/2008Launches New Website
5/14/2008Announces Corporate Update
3/17/2008Vicarage Capital Publishes Research On Acero-Martin Explorat...
2/25/2008Making Serious Progress in Peru
2/22/2008Reports Results From 2007 Trenching Program
2/6/2008 Announces Changes to Board of Directors
10/11/2007Announces Changes To Management and Board of Directors
8/29/2007Acero-Martin Exploration - Resourcexinvestor Editorial
8/20/2007Employees Safe and Development Continuing at Pinaya Project ...
8/9/2007Drilling Continues to Expand the Gold Oxide Skarn Zone at Ac...
6/26/2007Pinaya Gold-Copper Project Continues To Expand With Ongoing ...
5/28/2007Earns 100% Interest in Main Concessions at Pinaya Gold-Coppe...
2/20/2007Drills 29.50 Meters of 2.25 g/t (Gold Equivalent) and 12.00 ...
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