Home Corporate projects News Investors Contact
Gold, Copper and Growth


Acero-Martin Exploration Appoints New President And CEO

April 10, 2008

Acero-Martin Exploration Inc. (TSX-V: ASD; Frankfurt: AMX) (“Acero-Martin” or the “Company”) is pleased to announce the appointment of Dr. Stewart Jackson, P. Geol. as President and Chief Executive Officer. 

Dr. Jackson is an accomplished mining professional with 49 years of experience in the exploration and development mineral deposits and the management of public companies.  He has been responsible for the discovery and development of several major mineral discoveries, including the multi-billion dollar Red Dog zinc deposit in northwestern Alaska.  Today Red Dog, operated by Teck Cominco Limited, is the world’s largest producer of zinc and a significant source of lead.  The mine accounts for over 10% of the world’s zinc production.

After the discovery of Red Dog, Dr. Jackson was involved in the discovery and development of the Borealis, South McCoy, and Manhattan gold deposits in Nevada for Houston Oil and Minerals Corporation where he held the position of Manager of Minerals Exploration.  Later in his career, in 1981, Stewart founded Crown Resource Corp. and acted as its President until 1987.  At Crown, Dr. Jackson helped lead a team that discovered more than 4.5 million ounces of gold in several deposits in Washington State, USA.  In 2003, Crown was acquired by Kinross Gold Corporation primarily for its Buckhorn Mountain gold deposit in north central Washington.  Since 1987, Stewart has been an independent consulting geologist for several private and public companies.

Dr. Jackson has authored and co-authored numerous geologic publications and received the Barlow Medal of the Canadian Institute of Mining and Metallurgy for a paper he co-authored in 1968.  Stewart holds a Bachelor of Science degree in geology from the University of Western Ontario, a Master of Science degree in Stratigraphy and Mineral Deposits from the University of Toronto, and a Ph.D. in Stratigraphy and Economic Geology from the University of Alberta.

Regarding his appointment, Dr. Jackson stated, “I am pleased to accept the challenge of advancing Acero-Martin’s assets and in particular the Pinaya gold-copper project in southern Peru.  Working closely with the Board of Directors and the Technical Team, my objectives are to realize the full potential of the project and pursue a strategic program to further define and discover additional gold and copper resources.”

Don Currie, outgoing President and CEO stated, “I am very excited and pleased that we have been able to attract Dr. Jackson to step into the leadership role.  He is a well respected and experienced geologist, a proven manager and leader, and has a track record of making major ore-body discoveries.”

Mr. Currie will remain with the Company as an independent member of the Board of Directors.  The Board would like to thank Mr. Currie for his work as President and CEO and his efforts in transitioning the Company and attracting Dr. Stewart Jackson.

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 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. To complement continued 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.

For more information please visit the company website at http://www.acero-martin.com  or contact investor relations at 877-646-0067 or

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.


Michael Scholz”    
Michael Scholz

Sign up for latest updates
*  Email Address:

© Copyright AM Gold Inc. 2016