PDH-016 at Pinaya intersects 98.5 meters of 0.68% copper and 0.87 grams/tonne gold
|June 6, 2005
Acero-Martin Exploration Inc. (the "Company")is pleased to release further results from the diamond drill program on the Pinaya Property located 110 kilometers northeast of Arequipa in southern Peru.The Company is now in receipt of assays for drill-hole PDH-016, which is located approximately 50 meters south of PDH-014 and about 900 meters south of PDH-015. PDH-015 intersected 46.80 meters of 1.10% copper and 0.32 grams Au/tonne (News Release May31, 2005)
Strongly altered feldspar porphyry was intersected in drill-hole PDH-016 from 91.0 to 156.50 meters and 161.90 to 260.50 meters. The interval from 91.00 to 260.50 m (169.50 m) averaged 0.51% Cu and 0.69 grams Au/tonne.Results include 98.50 meters of 0.68% copper and 0.87 grams Au/tonne between 91.0 to 181.5 meters; 75.5 meters of 0.76% copper and 0.97 grams Au/tonne between 98.5 meters to 174.0 meters; 23.50 meters of 0.79% copper and 0.93 grams Au/tonne between 237.00 to 260.50 meters.
A summary of the significant results for the PDH-016 are listed below:
Almost the entire length of the hole contained anomalous concentrations of gold and copper, generally exceeding 0.1 g/t Au. The Company will continue to report results from the exploration program as they are received. Drilling will continue once surface sampling results are received. Surface trenching and sampling has shown to be highly effective in assisting to define drilltargets.
The Company has completed a payment of $240,000 US to the vendors of the Pinaya Property.
Proceeds from the exercise of a total of 2,253,000 share purchase warrants exercisable at $0.50 per share (expired May 17, 2005) have been received. All but 47,000 warrants were exercised.
Jeff Reeder, P.Geo, and James McCrea, P.Geo, are the qualified persons under National Instrument 43-101 for the Pinaya project, and are supervising the quality-control and quality-assurance program. The HQ-size core is split and samples are transported to SGS Labs (a laboratory certified by International Standards Organization 9002) in Lima, Peru. Gold values are determined by 30-gram fire assay fusion with an atomic absorption spectroscopy finish. All samples are also analysed for 35 elements by ICP, total digestion and those samples anomalous in copper are reanalyzed by atomic absorption (four-acid digestion). A quality-control program of standards, blanks and duplicates is maintained.
About Acero-Martin Exploration Inc.
Acero-Martin Exploration Inc. is an exploration company, which is focused on locating and defining economic precious metals deposits. Currently the Company has two exploration projects: Red Mountain in the Yukon Territories and Pinaya in southern Peru.
This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On Behalf of the Board:
Jeffrey Reeder, President and Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.