Home Corporate projects News Investors Contact
Gold, Copper and Growth


New High Grade Gold Zones Discovered at Pinaya

December 8, 2005
Vancouver, B.C.: ACERO-MARTIN EXPLORATION INC. (the "Company") is pleased to release results of newly discovered gold mineralization at the company's Pinaya Copper-Gold Porphyry Zone located in Southern Peru. At Pinaya, exploration including drilling, trenching and surface mapping is ongoing.

The newly discovered gold mineralization is within the vicinity of the Montaņa de Cobre Zone copper-gold zone, which is within the north-central part of the project area, about one kilometre north of the western porphyry copper-gold occurrence This zone was described in previous news release (October 20, 2005) as a widespread soil geochemical anomaly, defined by strong zinc-arsenic-antimony-lead-copper and gold anomalism. Previous sampling within this zone returned high-grade gold mineralization to 4.77 g/t Au. Recent mapping and sampling has expanded this zone to east. In total, twenty four grab and chip samples were collected from outcrops within an area measuring 350 by 200 meters, they returned an average grade of 2.7 g/t Au with a high value of 18.56 g/t Au.

Based on the results obtained to date, the Company believes the mineralization at the Montaņa de Cobre Zone is consistent with a high-sulphidation epithermal gold model, which may be underlain at depth by a buried porphyry copper-gold system. Notable Peruvian examples of high-sulphidation epithermal gold deposits include the Yanacocha mine with greater than 40 million ounces of reserves and the Pierina mine with greater than seven million ounces of reserves.

In addition to the newly discovered gold mineralization, sampling and trenching 100 meters south of the high-grade gold zone, returned highly anomalous gold values. Trench PTR-66 returned significant widths in excess of 0.1 g/t Au, and locally up to 7.6 g/t Au. This second, new high grade gold zone, is about 2.3 kilometers north of the open pit area where prior drilling in 2004 returned significant intersections of gold mineralization.
The Company is now in receipt of additional information from its recently completed Deep Induced Polarization ("IP") geophysical survey. The survey has expanded the potential size of the geophysical anomalies, and further explained the potential thickness of the weathered profile at the Western Copper-Gold Porphyry. Results from this work identified a deep IP anomaly, that extends over 2.9 kilometers in length from south of the open pit, to north of to the Montaņa de Cobre Zone.

In addition, a strong IP response was measured over the Don Pedro porphyry target located two kilometers east of the open pit. The anomaly measures 400 meters in length and is coincident with anomalous porphyry copper mineralization on surface. Previous rock sampling in this area returned an average of 0.30% Copper.

Due to the encouraging results, the Company plans to accelerate the current drill program into the New Year. The Company plans to add a second drill rig in January to expedite drilling of the numerous gold and copper targets at the property. Results from the current drill program are expected in mid-January.

Jeff Reeder, P.Geo, and James McCrea, P.Geo, are the qualified persons under National Instrument 43-101 for the Pinaya Project.

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: 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:

(Signed) Jeffrey Reeder
Jeffrey Reeder, President and Director
For further information contact: Jeffrey Reeder, President & CEO (780) 720-3290.
Sign up for latest updates
*  Email Address:

© Copyright AM Gold Inc. 2016