ASD looks interesting.Any comments?I know little about this outfit just stumbled across these results.
Acero-Martin Cuts 103.0 meters / 337.5 feet of 1.28 g/t Gold and 1.21 % Copper (1.91 % Cu equivalent)
Vancouver, July 11, 2006 - Acero-Martin Exploration Inc. (TSX-V: ASD) (the "Company") is pleased to release additional drill results from its continuing 10,000-metre 2006 drill program at the Pinaya property, located in southern Peru.
PDH-55, 56, 57, 59 and 60, recently completed within the southern portion of the Western Porphyry Zone (herein "WPZ"), all intersected significant widths of high-grade, copper-gold mineralization.
Drill hole PDH-060 intersected a zone of gold-copper mineralization of 103.00 meters/337.50 ft grading 1.28 g/t gold and 1.21% copper (includes 46.8 m/153.5 ft of 1.86 g/t gold and 2.17 % copper). Hole PDH-60 situated along the eastern limits of the WPZ, was located to test for the easterly continuation of the WPZ as it dips below the Gold Oxide Skarn Zone ("GOSZ") at the Open Pit. This zone remains open to the east. PDH-060 was collared 50 meters northeast of PDH-047 which returned 98.0 meters (321.4 feet) of 0.69 gpt Au and 0.39 % Cu.
Along the southern boundary of the WPZ and about 200 m southwest of PDH-060, hole PDH-059 returned a near surface copper rich zone of 1.72% Cu and 0.11 g/t Au across 43.96 meters/144.19ft.
Near the northern limits of the southern WPZ and about 225 m north of PDH-059, hole PDH-055 returned 86.90 meters/285.03 ft grading 0.48 g/t Au and 0.67% Cu.
Regarding the recent drill results Donald Gee, President said "these latest results confirm the existence of thicker mineralized intercepts with a noted increase in gold and copper grades as we approach the Open Pit Gold Oxide Skarn Zone from the southwest. We have had consistent economic ore grades that bring the known mineralized zones from the Western Porphyry towards the Gold Oxide Skarn Zone at the Open Pit. We now believe that the Gold Oxide Skarn Zone may be connected to Western Porphyry Zone. The area of economic copper/gold mineralization now spans 1500m by 350m and remains open in most directions. The results bode extremely well as we look towards the NI 43-101 compliant resource calculation to be provided in Q4 of this year. The latest results strengthen the case for Pinaya to prove a large bulk tonnage economic copper/gold resource."
Please go to aceromartinexp.com for current drill plan map. The following table summarizes the assay results for PDH-052 to 061:
Drill Hole From (m) To(m) Width (m/ft) Au g/t Cu % *CuEQ % *AuEQ (g/t)
PDH-052 67.2 80.15 12.95 / 42.48 0.10 0.16 0.21 0.39
102.5 113 10.50 / 34.44 0.48 0.21 0.47 0.86
PDH-053 124.8 141.4 16.60 / 54.45 0.69 0.19 0.57 1.04
149.0 196.0 47.00 / 154.16 0.10 0.33 0.38 0.70
205.5 210.0 4.50 / 14.76 0.06 0.59 0.62 1.14
PDH-054 0 25.05 25.05 / 82.16 0.19 0.54 0.64 1.18
98.5 143.0 44.50 / 145.96 0.20 0.10 0.21 0.38
162.5 218.2 55.70 / 182.70 0.48 0.11 0.37 0.68
Includes 196.5 202.0 6.00 / 19.68 2.73 0.07 1.56 2.86
PDH-055 154.0 240.9 86.90 / 285.03 0.48 0.67 0.93 1.71
PDH-056 3.7 48.25 44.55 / 145.96 0.73 0.36 0.76 1.39
PDH-057 124 270 146.00 / 478.88 0.39 0.26 0.47 0.87
PDH-058 213.5 216.9 3.40 / 11.15 0.40 0.02 0.24 0.44
PDH-059 62.4 106.36 43.96 / 144.19 0.11 1.72 1.78 3.26
PDH-060 189 292 103.00 / 337.84 1.28 1.21 1.91 3.49
Includes 216.2 263 46.80 / 153.50 1.86 2.17 3.19 5.83
PDH-061 87.5 94.1 6.60 / 21.65 0.46 0.24 0.49 0.90
233 238 5.00 / 16.40 0.38 0.02 0.23 0.42
* Copper Equivalent Values (CuEQ) and Gold Equivalent Values (AuEQ) are estimated using long-term metal prices including: Copper US$1.20 per lb and Gold US$450 per oz. Adjustment factors to account for differences in relative metallurgical recoveries for gold and copper will depend upon the completion of definitive metallurgical testing. CuEQ equals Cu per cent plus Au grams per tonne times 14.47/(1.20(x)22.05), AuEQ equals Au grams per tonne plus Cu percent times 22.05(x)1.2/14.47
Holes PDH-052 and PDH-054 were located within the northern part of the WPZ, and were designed to test for near-surface copper and gold mineralization intersected in PDH-015 (46.80 meters/153.50 ft of 1.10 % copper and 0.32 g/t Au) and PDH-019 (18 meters/59.04 ft of 0.45 % copper and 0.28 g/t Au). Both holes intersected significant gold-copper mineralization. The results have expanded the copper and gold mineralization both southwest and northwest of the known mineralization. Known copper and gold mineralization in the northern part of the WPZ now extends over a strike length of 400 meters northwest-southeast and 150 meters northeast-southwest.
PDH-053 was collared 50 meters northeast of PDH-04 which was previously drilled in the Gold Oxide Skarn Zone (GOSZ). The GOSZ is located about 50 meters west of the WPZ and hosts an open-pit that measures 300m long, 30m wide and up to 20m deep. The hole was designed to test the Gold skarn mineralization northwest of the open pit and intersected skarn altered material returning 16.60 meters/54.5 ft of 0.69 g/t Au and 0.19% Cu. Below the skarn mineralization, a copper bearing zone was intersected returning 47 meters/154.16 ft of 0.33 % Cu.
The Company is compliant under National Instrument 43-101 for the Pinaya project. Jeffrey Reeder, P.Geo, is the qualified person responsible for the exploration program at Pinaya.
About Acero-Martin Exploration Inc.
Acero-Martin Exploration Inc. is an exploration company, which is focused in locating and defining economic precious metals deposits. Currently the Company has two exploration projects: Pinaya in southern Peru and Red Mountain in the Yukon Territories. For additional information please go to acero-martin.com or goldmau.com.
(Signed) "Donald Gee"
Donald Gee, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
For further information contact: Donald Gee, President at (604) 618-3433 or Investor Relations: +1 (800) 884-5269 email: ryan@goldmau.com or by email at info@acero-martin.com
This news release has been prepared by management. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. 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.
Donald Gee, President and Director
Phone: (604) 618-3433
Email: donald1956@shaw.ca
Investor Inquiries:
John Lee
Phone: +1 (800) 851-1528
Email: john@goldmau.com
Ryan Fletcher
Phone: +1 (800) 884-5269
Email: ryan@goldmau.com
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