Amera Stakes New Copper-Gold Property in Peru with 1.15% Copper Over 30 Metres
VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 31, 2005--Amera Resources Corporation (TSX VENTURE:AMS - News; FWB:OAY)(WKN:A0B54E) is pleased to announce that it has acquired by direct-staking the Acero porphyry copper-gold property in southern Department of Cusco, Peru. Preliminary surface sampling on Acero yielded results ranging up to 1.15% copper over 30.0 meters and 0.74% copper over 50.0 meters. The 1700 hectare 100% Amera-owned property lies within the Santo Tomas Porphyry Copper Belt and is located just 8km west of the Company's Cruz de Mayo gold-copper project near the town of Velille. Both properties are located in a prolific mining district known for both epithermal gold and porphyry copper deposits.
The Constancia copper-molybdenum project currently being explored by Norsemont Mining Inc. is located 20km to the east; the high-profile Liam epithermal gold project of Newmont Peru Limited/Southwestern Resources Corp. is located 50km to the southwest; while BHP Billiton's Tintaya copper-gold-silver porphyry-related skarn deposit is located 60km to the southeast.
Work to date by the Company has comprised preliminary mapping, rock and silt sampling focused on the eastern portion of the property in the general area where limited previous drilling was carried out. A summary of significant results from the preliminary sampling program is presented below in Table 1. The distribution of the samples is shown on the map accompanying this news release. (To view the attached map, please click on the following link:
http://www.ccnmatthews.com/docs/ams1029.jpg) Table 1: Acero Project Sample Results
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Sample Sample
Type Length Trench (T) Cu Au Ag Mo
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(m) Panel (P) (%) (ppm) (ppm) (ppm)
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Grab (G)
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Composite grab over 30.0m G1 1.15 0.030 0.3 11
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Composite grab over 50.0m G2 0.74 0.198 0.5 11
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Composite grab over 50.0m G3 0.56 0.022 0.5 1
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Composite grab over 5.0m G4 0.39 0.171 1.4 135
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Composite grab over 5.0m G5 0.11 0.044 0.3 1
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Chip 4.0m T1 0.55 0.013 0.2 4
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Chip 10.0m T2 0.55 0.038 0.3 6
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Chip 10.0m T3 0.47 0.017 0.5 5
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Chip 12.0m T4 0.42 0.132 1.0 5
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Chip 10.0m T5 0.36 0.030 0.3 8
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Chip 10.0m T6 0.31 0.026 0.2 5
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Chip 3.0m T7 0.31 0.110 2.0 4
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Chip 10.0m T8 0.28 0.173 0.7 3
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Chip 10.0m T9 0.24 0.028 0.4 9
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Chip 11.0m T10 0.22 0.043 0.5 4
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Chip 10.0m T11 0.16 0.103 0.4 1
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Chip 11.0m T12 0.14 0.116 0.9 1
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Chip 12.0m T13 0.13 0.749 316.0 36
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Chip 30.0m T14 0.11 0.061 1.0 46
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Panel 5.0 x 5.0m P1 0.48 0.055 0.9 109
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Panel 3.0 x 5.0m P2 0.12 0.051 0.7 2
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Claims were held in the Acero area in the past by Southwestern Resources through a joint-venture Southern Peru Copper. They reported discovering two zones of altered feldspar porphyry with potassic alteration and associated leach cap with copper oxides and secondary chalcocite. A limited drill program reportedly intersected "thick zones" of sulphide porphyry copper style mineralization with grades ranging between 0.3 and 0.5% copper with local narrow sections assaying over 1% copper(1).
Several phases of intrusive have been mapped on the property including dacite, micro-diorite and granodiorite; the majority of mineralization and alteration identified to date is hosted by dacitic intrusive. Quartz stockwork, with individual veinlets up to 3cm wide, is widespread in the southwest portion of the mineralized area. Copper mineralization identified on surface on the Acero property appears to be open to the southeast of current mapping and sampling coverage. Amera is planning a comprehensive surface exploration program to identify drill targets on the core area and to evaluate the remainder of the property.
Analyses for the samples reported herein were performed by ALS Chemex Laboratories, an internationally recognized assay service provider, in Lima, Peru and North Vancouver, Canada. Work reported on in this released was carried out under the direction of Piotr Lutynski, M.Sc., P.Eng. The technical information contained in this release has been reviewed by Dr. David A. Terry, P.Geo., Vice President Exploration for Amera, a Qualified Person as defined in National Instrument 43-101.
ON BEHALF OF THE BOARD
Mr. Nikolaos Cacos, President & CEO
(1)Southwestern Gold Corporation (now Southwestern Resources Corp.) Quarterly Reports for June 30 and September 30, 2000; 2000 Annual Report.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
2005 Number 21
The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or the accuracy of this release.
Amera Resources Corporation (TSX VENTURE:AMS - News; FRANKFURT:OAY - News)
gruß,
mike
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