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American Copper Corp. Acquires Ridgestake Copper-Gold Project in Prolific Mining Belt and Adjacent to Taseko Mines' New Prosperity Project
Published : August 12, 2013
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Mots clés associés :   Canada | Copper | Report |

DENVER, CO--(Marketwired - August 12, 2013) -  American Copper Corp. (OTCBB: AMCU) (herein after "American Copper" and/or "the Company") announces the Company's acquisition of the Ridgestake Copper-Gold Project as of June 2013. The copper-gold-silver-molybdenum prospect is located 77 miles (125 km) SW of Williams Lake in south-central British Columbia (BC), Canada, (just north of the Washington state border). The prospect is accessed via Provincial Highways and established forestry resource roadways.

The Ridgestake Prospect comprises 7 mineral claims totaling ~7,733 acres (3,129.48 hectares). The claims lie in a prolific mineral belt covering a 60-mile (100-km) area that contains several zones of copper and gold mineralization.[1]

Within the belt, and immediately adjacent to the prospect, is one of Canada's largest undeveloped copper-gold projects: the New Prosperity Project, which is under development by Taseko Mines (NYSE: TGB). The New Prosperity Project represents Proven and Probable reserves of 3.6 billion pounds of copper and 7.7 million ounces of gold.[2] New Prosperity is projected to produce an average 108 million pounds of copper and 247 thousand ounces of gold per year over a 20-year mine life.[3]

Mining activity and other deposits within the mineral belt include Bralorne Pioneer mine (4.2 million oz of gold production), Poison Mountain (280 Mt reserves at 0.261% copper & 0.142 g/t gold), Taseko Empress deposit (11 Mt at 0.61% copper & 0.023 oz/t gold), Pellaire deposit (estimated 90,000 tons at 0.79 oz/t gold; produced 2000 oz in 2002), and Taylor-Windfall (past gold producer).[1]

Roughly 18 miles (30 km) NE of the Ridgestake Prospect, the Newton Joint Venture includes 4 porphyry-style copper-molybdenum drill targets that Amarc Resources (TSX VENTURE: AHR) has identified for drill testing. Further north, Amarc also discovered the important Newton bulk tonnage gold deposit in 2010. The Newton deposit represents inferred mineral resources of 111.5 Mt grading 0.44 g/t gold and 2.1 g/t silver, containing 1.6 million ounces of gold and 7.7 million ounces of silver. The Newton deposit is located in the province's new gold belt, which also includes New Gold Inc.'s (TSX: NGD) 10+ million ounce bulk tonnage Blackwater gold deposit.[4]

The Ridgestake Prospect represents at least 2 types of potential mineralization. The first is copper-gold mineralization of the type related to porphyry copper systems, as at Taseko Mines' Prosperity deposit and other deposits in the belt. Porphyry copper systems have been exploited as bulk tonnage operations for over 100 years and account for the bulk of the world's copper production. The second potential type of mineralization is complex gold-copper mineralization similar to the Blackwater gold deposit to the northwest. Although possibly porphyry-related, this type of mineralization has strong stratigraphic and structural controls on mineralization distribution. The Newton discovery to the north of the property and to the north of the Prosperity deposit is interpreted to be of this type.[1]

American Copper is currently developing a rigorous exploration program to evaluate the Ridgestake Prospect's mineral potential. Program details will be announced as they become available.

American Copper's CEO, Alexander Stanbury, commented: "We couldn't be happier with our acquisition of the Ridgestake Copper-Gold Prospect. We're close to the US in mining-friendly Canada, and within Canada's leading copper producing province, BC. We're surrounding by rich mineralization and industry activity while being close to West Coast ports that service export markets. And we're targeting copper and gold in particular, both of which are in-demand metals. Our focus now is further exploration of the asset."

FOR ADDITIONAL INFORMATION
Read more about the Ridgestake Copper Prospect and additional information about the Company and its latest press releases at American Copper Corp's official website: http://www.american-copper.com.

ABOUT AMERICAN COPPER CORP
American Copper Corp is a publicly traded (OTCBB: AMCU), Denver, Colorado-based exploration and mining company targeting copper, gold and other metals and minerals. The Company continues to position itself for dynamic growth potential by using the latest exploration technologies and by targeting regions with proven copper production. The Company's Ridgestake Copper Prospect is located in a prolific mineral belt north of Washington state and immediately adjacent to one of Canada's largest undeveloped copper-gold projects: the New Prosperity Project, which represents Proven and Probable reserves of 3.6 billion pounds of copper and 7.7 million oz of gold.*

* Taseko Mines website, Jan. 18, 2013.

ON BEHALF OF THE BOARD OF DIRECTORS,

American Copper Corp
Alexander Stanbury - CEO

1600 Broadway
Suite 1600
Denver, Colorado
80202

This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on American Copper Corp's current projections and expectations in regard to future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to American Copper Corp's anticipated business prospects, strategies, new developments, financial performance and similar matters. American Copper Corp disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits US companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in this press release, such as "measured," "indicated," and "inferred resources," which the SEC guidelines prohibit US registered companies from including in their filings with the SEC. US investors are urged to consider closely the disclosure in our Form 10-K which may be secured from us, or from our website at http://www.american-copper.com.

SOURCES:
1. Ridgestake Yalakom Prospect Report, Dr. Stewart A. Jackson Ph.D, P.Geol, P.Geo, Dec. 12, 2012.
2. Taseko Mines website, Jan. 18, 2013.
3. New Prosperity Project website, Jan. 18, 2013.
4. Amarc Resources website, Jan. 18, 2013.



American Copper Corp.
INVESTOR RELATIONS:
Toll Free: 1-800-858-7506
E-mail: ir@american-copper.com

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Amarc Resources

EXPLORATEUR
CODE : AHR.V
ISIN : CA0229121094
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Amarc Resources est une société d’exploration minière d'argent et de cuivre basée au Canada.

Amarc Resources détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont NEWTON, PINCHI et BODINE WARREN au Canada.

Amarc Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 17,5 millions CA$ (14,1 millions US$, 12,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 06 septembre 1996 à 4,25 CA$, et son plus bas niveau récent le 20 mars 2020 à 0,02 CA$.

Amarc Resources possède 145 420 000 actions en circulation.

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Rapports annuels de Amarc Resources
Annual Report 2007
Financements de Amarc Resources
08/03/2012(TSX-V: AHR; OTCBB: AXREF) Closes $16.34 Million Financing
16/02/2012(TSX-V: AHR; OTCBB: AXREF) Financing Increased To $16.25 Mil...
15/02/2012(TSX-V: AHR; OTCBB: AXREF) Announces Up To $10 Million Finan...
Nominations de Amarc Resources
27/02/2008APPOINTS VICE PRESIDENT CORPORATE DEVELOPMENT
Projets de Amarc Resources
18/09/2014Amarc provides exploration progress update on IKE porphyry t...
19/09/2013(TSX-V: AHR; OTCBB: AXREF) Provides Exploration Update
07/11/2012(TSX-V: AHR; OTCBB: AXREF) Acquires High Quality Drill Ready...
26/09/2012(Newton)(TSX-V: AHR; OTCBB: AXREF) Announces Initial Mineral Resourc...
25/07/2012(TSX-V: AHR; OTCBB: AXREF) Assembles Bulk Tonnage-Style Silv...
31/05/2012(Newton)(TSX-V: AHR; OTCBB: AXREF) Acquires 100% Interest in the New...
13/07/2011(Newton)(TSX-V: AHR; OTCBB: AXREF): Newton Joint Venture Agreement E...
13/07/2011(Newton)ton joint venture agreement executed
31/05/2011(Newton)(TSX-V: AHR; OTCBB: AXREF) Commences 2011 Exploration Progra...
10/02/2011(Newton) Announces Results from Phase 2 Drill Program at Newton
27/08/2008(Aspira Project)Commences Drilling On the Aspira Property
Communiqués de Presse de Amarc Resources
02/08/2016Amarc and Thompson Creek Progress at Ike on Positive Results
03/09/2015Amarc and Thompson Creek Partner to Advance the Ike Copper P...
27/11/2014Amarc announces $1 million loan & appoints new President
24/11/2014Amarc Reports Significant Copper-Molybdenum-Silver Porphyry ...
12/08/2013American Copper Corp. Acquires Ridgestake Copper-Gold Projec...
05/07/2013and Quartz Mountain Resources Ltd. Amend ZNT & Galaxie Joint...
14/11/2012Provides Exploration Update on Silver Vista Bulk Tonnage Sil...
07/11/2012Acquires High Quality Drill Ready Targets in British Columbi...
28/06/2012(TSX-V: AHR; OTCBB: AXREF) Commences Work on Five Major Targ...
18/06/2012(Newton)(TSX-V: AHR; OTCBB: AXREF) Updates Delineation Drilling At t...
11/04/2012(Newton)(TSX-V: AHR; OTCBB: AXREF): Amarc's Ongoing Delineation Dri...
08/02/2012(Newton)(TSX-V: AHR; OTCBB: AXREF): New Assay Results From Newton ...
23/01/2012(Newton)(TSX-V: AHR; OTCBB: AXREF): Amarc Drilling Continues to Ex...
18/01/2012(TSX-V: AHR; OTCBB: AXREF) Prepares To Drill Major Target at...
09/01/2012(Newton)(TSX-V: AHR; OTCBB: AXREF): Amarc Drilling Continues To Exp...
06/12/2011(Newton)(TSX-V: AHR; OTCBB: AXREF): Amarc Delineation Drilling Sign...
01/08/2008Fact Sheet
23/07/2008 ANNOUNCES CHANGE TO EXECUTIVE TEAM
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