AQM Copper Inc. Intercepts 184m of 0.53% Cu and 0.07 g/t Au - Hole ZFDDH10-118 intersects 184m of 0.53% Cu and 0.07 g/t Au- Hole ZFDDH10-127 intersects 167m of 0.61% Cu and 0.10 g/t Au- Zafranal Main Zone remains open to the north, south and at depth
- Hole ZFDDH10-118 intersects 184m of 0.53% Cu and 0.07 g/t Au
- Hole ZFDDH10-127 intersects 167m of 0.61% Cu and 0.10 g/t Au
- Zafranal Main Zone remains open to the north, south and at depths throughout various parts of the deposit.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/15/10 -- AQM Copper Inc. (TSX VENTURE: AQM)(BVLAC: AQM) ('AQM' or 'the Company') announces more positive drill results from the Zafranal project located in the northwestern extension of the Southern Peru Copper Porphyry Belt near the city of Arequipa.
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Hole No. From To Interval Cu% Au ppm
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ZFDDH10-118 118 302 184 0.53 0.07
Incl. 128 182 54 1.08 0.07
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ZFDDH10-119 82 120 38 0.47 0.02
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ZFDDH10-120 No Significant Results
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ZFDDH10-121 No Significant Results
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ZFDDH10-122 97.7 130 32.3 0.29 0.02
And 148 166 18 0.39 0.09
And 202 218 16 0.24 0.07
And 276 332 56 0.22 0.05
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ZFDDH10-123 98 142 44 0.35 0.10
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ZFDDH10-124 376 414 38 0.26 0.03
And 443 514 71 0.28 0.04
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ZFDDH10-125 119.4 186 66.6 0.45 0.05
And 364.6 524.1 159.5 0.27 0.07
And 562 594 32 0.42 0.77
And 656 664 8 0.87 1.87
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ZFDDH10-126 136 146 10 0.31 0.02
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ZFDDH10-127 44 211 167 0.61 0.10
Incl. 54 94 40 1.30 0.11
And 244.5 271.5 27 0.30 0.06
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ZFDDH10-128 82 104 22 0.83 0.04
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ZFDDH10-129 74.7 104 29.3 0.39 0.03
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ZFDDH10-130 118 166 48 0.39 0.04
'We are very pleased with the consistency of mineralization encountered at the Zafranal Main Zone. These ongoing results support the resource estimation work that is currently underway at Zafranal,' states Bruce Turner, President & CEO.
Today, the company reports drill results from 13 diamond drill holes. (View AQM's drill plan map).
Drill holes ZFDDH10-119 and ZFDDH10-124 extend the known limits of copper mineralization further to the north than previously recognized. Of particular significance is the presence of copper mineralization in the northwestern portion of the deposit (ZFDDH10-119), where very little surface alteration is visible.
Some of the drill holes reported today are infill holes designed to get a better understanding of the geometry of the primary and secondary copper zones in view of the upcoming resource estimate. Holes ZFDDH10-122, ZFDD10-123, ZFDDH10-125, ZFDDH-127 and ZFDDH10-129 were all aimed at filling in areas where there was insufficient information at depth. Hole ZFDDH10-125 extends mineralization deeper than previously seen.
Holes ZFDDH10-120 and ZFDDH10-121 were drilled near the known limits of mineralization and have confirmed the extents of the Main Zone along their respective sections.
Holes ZFDDH10-118, ZFDDH10-126, ZFDDH10-128 and ZFDDH10-130 were all drilled near the southern extent of mineralization along their respective sections. All of these holes have intercepted significant mineralization that shows the zone remaining open towards the south.
Drilling through October has focused on a 2.4km long segment of the 3.5+km east-west trending intensely mineralized Main Zone, one of six porphyry copper-gold targets within the Zafranal project. The Company continues an aggressive drill program at Zafranal having now completed more than 63,000m of diamond and RC drilling this year. The Company plans to publish an NI43-101 compliant resource estimate in Q4. AQM is the operator of a 50/50 JV with Teck Resources Limited through a sole purpose Peruvian company being formed for the Zafranal Project, as announced in its press release on July 8, 2010.
The Company has established a rigorous QA/QC program at Zafranal, which includes the insertion of blanks, duplicates and certified standards into the sample stream. Core is photographed on site and subsequently sawed in half, with one half sent for analysis and the other half stored for future reference and assay verification. RC chips are split twice on site using a riffle splitter, with 25% of the sample being sent to the laboratory for assay and the rest stored for future verification purposes. All Zafranal samples are shipped to ALS Chemex's sample preparation facility in the city of Arequipa, where they are crushed and pulverized. Prepared samples are shipped to ALS Chemex's certified laboratory in Lima where they are analysed for gold, copper and multi-element ICP.
Dr. Tom Henricksen, consultant geologist of the Company and Chief Geologist for AQM Peru, the Company's Qualified Person for the purposes of NI 43-101, has approved the information contained in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Bruce Turner, President and CEO
ABOUT AQM: AQM Copper Inc. (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. Management and directors have extensive experience working for the world's largest mining Copper producers. Please refer to the Company's website for further information regarding the Company and its projects.
To view the figure associated with this press release, please visit the following link: http://file.marketwire.com/release/AQMfig1nov.JPG.
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