Acero-Martin Appoints Chief Geologist for Pinaya Gold-Copper Project, Peru
18 4월 2008 - 2:09AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: ASD)(FRANKFURT: AMX),
is pleased to announce that the Company has hired Mr. John Romero
as Chief Geologist for its Pinaya project in southern Peru. Mr.
Romero is an accomplished geological engineer with over 15 years
experience and a successful track record of advancing key mineral
projects in Peru.
Most recently, Mr. Romero was the Project Manager at Silver
Standard Resources' San Luis project in central Peru where he was
responsible for guiding the exploration program, evaluating and
interpreting geologic data, and coordinating community relations
efforts. Under Mr. Romero's leadership an initial NI 43-101
compliant resource estimate was produced for the project and the
deposit was advanced towards feasibility.
Prior to joining Silver Standard, Mr. Romero was Senior
Geologist at the Toromocho project for Peru Copper Inc. During his
four year tenure at Toromocho, John oversaw more than 130,000
meters of drilling and helped contribute to the understanding,
definition, and expansion of the deposits at the project. In 2007,
the Aluminum Corporation of China announced a friendly take-over
bid to acquire Peru Copper.
Mr. Romero's background also includes positions at a number of
other senior mining companies with operations in Peru, including
six years with Anglo American Exploration Peru S.A. Concurrent with
Mr. Romero's appointment as Chief Geologist, Mr. Cary Pothorin has
stepped down as Vice President of Exploration. The Company wishes
to thank Mr. Pothorin for his contributions to the Company and the
advancement of the Pinaya project.
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 estimate was
reported. It stated 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 category.
As of March 2008, the Company has completed an additional 79
holes bringing the project totals 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. 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 Dr. Stewart Jackson, P.Geol., Acero-Martin's President and CEO,
a qualified person.
ON BEHALF OF THE BOARD OF DIRECTORS
Stewart Jackson, PhD, P. Geol., President and CEO
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
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