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Vicarage
Capital Publishes Research On Acero-Martin
Good day,
This morning London
based Vicarage Capital published an equity research report on
Acero-Martin. The author of the report, Nick Mellor, had the
opportunity to spend five days in Peru visiting our operational offices in
Lima and Pinaya, touring the Pinaya project claims, and meeting with key
management and operational staff.
Nick’s report
provides an excellent overview of the progress that we have made to date,
our exploration plans for the future, and the underlying value and
potential of our flagship Pinaya project.
If you wish to receive
a copy of the report please give me a call at 1.800.884.5269 or email ryan@acero-martin.com
You can also request a
copy from the author directly, Nick Mellor, at +44 (0) 207 060 1013 or by
email at nick@vicaragecapital.com
Kindest 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
Vicarage Capital Publishes Research On
Acero-Martin Exploration Inc.
March 17, 2008
Acero-Martin Exploration Inc. (the
“Company” or “Acero-Martin”) today announced the
publication of an equity research report on the company by London based
Vicarage Capital Limited.
The report can be obtained directly from Vicarage Capital by contacting
the author, Nick Mellor, at +44 (0) 207 060 1013 or by email at nick@vicaragecapital.com
“We are pleased that Vicarage Capital has initiated coverage
of Acero-Martin,” stated Michael Scholz, Chairman. “Our
anticipation is that this report will contribute to a greater awareness of
the underlying value and potential of our assets. Having just
announced the start of our 2008 drilling program at Pinaya, the largest
program to date, we are looking forward to expanding our audience and
updating them with future advances and achievements.”
About Acero-Martin
Exploration Inc.
Acero Martin’s 100%-owned Pinaya project hosts one of Peru’s
newest and richest copper-gold porphyry/skarn deposits. The project is
located 110 km northeast of Arequipa and approximately 60 kilometers south
of Xstrata’s Tintaya copper-gold mine, and is favoured with excellent
nearby mining infrastructure.
In September of 2006, based on the first 70 holes drilled, an initial
independently calculated NI 43-101 resource estimated that Pinaya hosts an
Indicated Resource of 29.13 million tonnes grading 0.53 g/t gold and 0.42%
copper and an Inferred Resource of 12.72 million tonnes grading 0.41 g/t
gold and 0.41% copper. This equates to approximately 498,000 troy
ounces of gold and 269,000,000 pounds of copper in the Indicated category,
and 168,000 troy ounces of gold and 115,000,000 pounds of copper in the
Inferred.
As of March 2008, the Company has completed an additional 79 holes
bringing the project total to 40,900 meters and 149 holes. Drilling
since the release of the initial resource continues to work to expand the
size of the deposit and test new zones of mineralization. Alongside the
drilling the company is currently completing a preliminary economic
assessment (“scoping study”) to determine the potential for,
and economic parameters of, developing a starter open pit mining
operation. Acero-Martin trades on the TSX-Venture exchange under the symbol
ASD and the Frankfurt stock exchange under the symbol AMX.
For further information, contact
us at
1 877 646 0067
Email: info@acero-martin.com or
visit our website http://www.acero-martin.com
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