Vicarage Capital Publishes Research on Acero-Martin Exploration Inc.
17 3월 2008 - 10:30PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: ASD)(FRANKFURT: AMX)
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.
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
National Instrument 43- 101 and reviewed on behalf of the Company
by Cary Pothorin, P.Geo, Acero-Martin's Vice President of
Exploration, a qualified person.
ON BEHALF OF THE BOARD
Michael Scholz, Chairman
This news release has been prepared by management. This document
contains certain forward looking statements which involve known and
unknown risks, delays, and uncertainties not under the Company's
control which may cause actual results, performance or achievements
of the Company to be materially different from the results,
performance or achievements implied by these forward looking
statements. We seek safe harbor.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Acero-Martin Exploration Inc. Investor Relations
1-877-646-0067 (604) 646-0640 (FAX) Email: info@acero-martin.com
Website: www.acero-martin.com
Acero-Martin Exploration (TSXV:ASD)
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Acero-Martin Exploration (TSXV:ASD)
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