AQM Copper Continues to Expand the Victoria Zone and Kicks Off Its 2012 Exploration Program
02 Febbraio 2012 - 12:39AM
Marketwired Canada
AQM Copper Inc. (TSX VENTURE:AQM)(BVL:AQM) ("AQM Copper" or the "Company") is
pleased to announce the final results from its 2011 drill program at the
Victoria discovery, located east of the Main Zone on the Zafranal Property and
to announce the resumption of its exploration program in Zafranal through its
wholly owned Peruvian subsidiary, Minera AQM Copper Peru SAC. Minera AQM Copper
Peru S.A.C. is the operator of a 50/50 JV with Teck Resources Limited through a
sole purpose Peruvian company.
The Company's drilling program at Victoria identified a continuous zone of
secondary and primary copper mineralization extending over an 800 metre
northwest-southeast strike length, showing no surface geochemical anomaly. The
zone remains open to the southeast and at depth towards the north.
Mineralization is hosted by strongly foliated diorite intrusive rocks and more
mafic sub-volcanic rocks, emplaced along a regional scale shear zone, and in
contact with the Coastal Batholith. The mineralized body appears to be parallel
to the principal foliation orientation, and is interpreted to form a steep
tabular body dipping to the north.
Today, the Company announces results from the final 9 diamond drill holes
completed during 2011 at Victoria.
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Drill Hole From (m.) To (m.) Interval (m.) Cu%T Au g/t Comment
----------------------------------------------------------------------------
ZFDDH11-229 110 296 186 0.26% 0.03 Victoria
Porphyry
----------------------------------------------------------------
Incl. 110 144 34 0.36% 0.04
----------------------------------------------------------------
Incl. 158 214 56 0.31% 0.03
----------------------------------------------------------------------------
ZFDDH11-230 64 136 72 0.27% 0.03 Victoria
Porphyry
----------------------------------------------------------------------------
ZFDDH11-231 60 102.5 42.5 0.44% 0.03 Victoria
Porphyry
----------------------------------------------------------------
Incl. 74 89 15 0.84% 0.04
----------------------------------------------------------------------------
ZFDDH11-232 76.75 200 123.25 0.30% 0.03 Victoria
Porphyry
----------------------------------------------------------------
Incl. 76.75 154 77.25 0.34% 0.04
----------------------------------------------------------------------------
ZFDDH11-233 44 74 30 0.25% 0.01 Victoria
Porphyry
----------------------------------------------------------------------------
ZFDDH11-234 24.2 200 175.8 0.29% 0.03 Victoria
Porphyry
----------------------------------------------------------------------------
ZFDDH11-235 10 78 68 0.37% 0.02 Victoria
Porphyry
----------------------------------------------------------------
Incl. 44 74 30 0.52% 0.02
----------------------------------------------------------------------------
ZFDDH11-236 106 374 268 0.28% 0.04 Victoria
Porphyry
----------------------------------------------------------------
Incl. 106 210 104 0.32% 0.04
----------------------------------------------------------------
Incl. 224 254 30 0.41% 0.06
----------------------------------------------------------------
Incl. 314 374 60 0.31% 0.04
----------------------------------------------------------------------------
ZFDDH11-237 7.7 112 104.3 0.37% 0.05 Victoria
Porphyry
----------------------------------------------------------------
Incl. 28 48 20 0.71% 0.03
----------------------------------------------------------------------------
The wide intercepts encountered on drill holes ZFDD11-229 and ZFDDH-234, both
drilled on the same section (796100E), confirm that wide hypogene mineralization
encountered on Victoria remains open to the east, south and north. Drill holes
ZFDDH11-232 and ZFDDH11-235 were drilled on section 796200E and continue to
extend the mineralization further to the east.
Drill hole ZFDDH11-231 was drilled 100 metres east of drill hole ZFDDH11-235 and
intercepted higher grade supergene enriched copper mineralization. This zone
remains open to the south. Drill holes ZFDDH11-230 and ZFDDH11-233 were the
easternmost holes completed during 2011 on Victoria, and confirm that the zone
remains open to the southeast, north and south. The strike length of the
Victoria mineralized zone now measures 800 metres, marking this as a significant
new discovery.
Drill holes ZFDDH11-236 and ZFDDH11-237 were drilled on sections 795900E and
796000E respectively and were aimed at defining the southern limit of the
hypogene mineralization encountered on Victoria. Both holes cut significant
widths showing that the zone is truncated by an E-W trending structure on its
southern side which appears to have displaced the Victoria zone.
Bruce Turner, the Company's President and CEO, stated, "The 2011 drill program
has clearly delineated two additional porphyry targets in Sicera Sur and Sicera
Norte, as well as extending the limits of the Main Zone. The discovery of
Victoria has added a significant new zone which remains open and which our new
exploration program will continue to expand during 2012. As we move towards
pre-feasibility, Zafranal remains a very exciting exploration play which
continues to yield more surprises".
Two diamond drill rigs have been mobilized for the resumption of the exploration
program and have now begun drilling on Victoria.
Alvaro Fernandez-Baca, P.Geo, Vice President Exploration for AQM Copper Inc. and
the Company's Qualified Person for the purposes of NI 43-101, has approved the
information contained in this news release.
ABOUT AQM Copper: AQM Copper Inc. (www.aqmcopper.com) (formerly Apoquindo
Minerals) is a Canadian based mineral exploration company developing copper
deposits in South America. Through its wholly owned Peruvian subsidiary, Minera
AQM Peru SAC, the Company is developing the Zafranal Copper-Gold Porphyry
Project located in Southern Peru. Minera AQM Peru SAC is the operator of a 50/50
JV with Teck Resources Limited through a sole purpose Peruvian company formed
for Zafranal as announced in its press release on July 8, 2010. The Zafranal
project has NI43-101 compliant measured and indicated resources of 301 million
tonnes grading 0.47% copper and 0.08 grams per tonne gold, and an inferred
resource of 51 million tonnes grading 0.32% copper and 0.06 grams per tonne
gold. Management and directors have extensive experience working for the world's
largest mining Copper producers. Please refer to the Company's website
www.aqmcopper.com for further information regarding the Company and its
projects.
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