AURELIO CONTINUES TO EXPAND NEAR-SURFACE OXIDE
MINERALIZATION IN THE SOUTH COURTLAND AREA
REVIEWS PROGRESS TO DATE AT HILL
COPPER-ZINC PROJECT
LITTLETON, COLORADO, October 12, 2007 News Release #07-19
Aurelio Resource
Corporation (OTCBB : AULO, Frankfurt : F3RA) today announced additional results
from the Company's on-going drilling program in the South Courtland area of its
wholly-owned Hill Copper-Zinc Project, located in the Turquoise Mining District
of Cochise County, Arizona (see Aurelio news releases #’s 07-12, 07-13
and 07-18):
August 2007 Drill Results: Hill Copper-Zinc Project
|
Drill
Hole
|
From
|
To
|
Length
|
Zinc
|
Copper
|
Silver
|
Comments
|
BR-07-14
Including:
|
275 ft
300 ft
|
315 ft
315 ft
|
40 ft
15 ft
|
1.06%
2.44%
|
0.12%
0.05%
|
3.24 ppm
2.17 ppm
|
200-foot step out NW
from BR-07-11 and BR-07-12
|
BR-07-16
Including:
|
110 ft
115 ft
|
220 ft
140 ft
|
110 ft
25 ft
|
0.02%
0.07%
|
0.42%
0.98%
|
1.00 ppm
1.54 ppm
|
600-foot step out NW
from BR-07-14
|
BR-07-18
Also including:
|
75 ft
180 ft
|
295 ft
265 ft
|
220 ft
85 ft
|
0.51%
0.98%
|
0.13%
0.12%
|
1.50 ppm
2.15 ppm
|
300-foot step out SW
from BR-07-19
|
BR-07-19
Including:
|
415 ft
425 ft
|
505 ft
470 ft
|
90 ft
45 ft
|
1.07%
1.83%
|
0.13%
0.15%
|
2.36 ppm
2.77 ppm
|
Fan from BR-07-07
|
The most recent
results continue to expand the near-surface oxide zinc and oxide copper
mineralization in the South Courtland area, adding an additional 800 feet of
strike length to the mineralized zone. The South
Courtland mineralized zone remains open along strike, and recent
drilling has significantly increased the width of the zone, potentially more
than doubling the estimated size of the deposit.
BR-07-16 is
interpreted as representing a gradational boundary between high-grade primary
zinc mineralization in the southern portion of the South
Courtland area, and, higher-grade primary copper mineralization to
the north.
Assay results are
pending from four additional holes drilled in the South
Courtland area during September 2007.
Drilling has now shifted to the MAN area of the Hill Copper-Zinc deposit, where
ten deep (600 to 800-ft) vertical and inclined holes will be drilled in
preparation for an independent NI 43-101 resource calculation that is scheduled
to begin in November.
The following is a review
of progress to date at the Company’s wholly-owned Hill Copper-Zinc
Project in Cochise County, Arizona.
Review Of Accomplishments - Hill Copper-Zinc Project
Fourteen months
ago, the Company’s Hill Copper-Zinc Project comprised just 13 unpatented
mining claims. Since then, Aurelio Resources has increased its land position
from approximately 260 acres to more than 5,000 acres, successfully
consolidating the Turquoise Mining District, which has a long, documented
history of profitable copper, zinc, gold and silver production.
Aurelio has also acquired the historical exploration
database for the entire district, which consists of drill logs and assay
information for more than 270 diamond and reverse circulation drill holes
representing over 190,000 feet of drilling.
More recently, the
Company located and successfully acquired the historic drill core from Santa Fe
Pacific Mining and Great Gray Resources’ exploration programs in the MAN
area (more than 76,780 feet of core from 95 holes; see News Release #07-11), as
well as core from eight holes (over 7,200 feet) drilled by Bear Creek
Exploration in the Courtland and South Courtland areas. Much of this core was
only assayed for copper; Aurelio has been systematically re-logging,
re-sampling and re-assaying this core for gold, silver, lead and zinc, and
adding the results to the company’s exploration database. Aurelio
anticipates that upon completion of this program, that the MAN area resource
will be significantly expanded.
Drilling undertaken by Aurelio in 2006 and 2007
confirmed the prior work by Newmont Mining and Santa Fe Pacific Mining in the
Courtland area, and the Company’s geologists are preparing an updated
in-house resource estimate for this zone.
In early 2007,
Aurelio discovered a major near-surface oxide copper and zinc deposit in the South Courtland area. Through the end of September,
Aurelio has drilled more than 30 holes to delineate this new discovery, which
remains open along strike and at depth. Drilling results have established
economic grades and thicknesses, and the Company is very encouraged by the
continuity of the mineralization. Metallurgical testwork is in progress, and
an NI 43-101 resource estimate for South Courtland
area is scheduled for early 2008.
The Company is nearing
completion of an independent review of its in-house estimate of the mineralized
material in the MAN area. These results will be communicated to shareholders
as soon as they become available.
Lastly, the Company
anticipates filing a listing application for a TSX Venture Exchange listing in Canada later
this month. The Company intends to maintain its OTCBB and Frankfurt Exchange
listings regardless of whether it obtains a listing on the TSX Venture
Exchange, of which there is no assurance. A
NI 43-101 Technical Report concerning the Hill Copper-Zinc Project is in the
final stages.
About The Company
Aurelio Resource
Corporation is a mineral exploration and development company focused on
achieving mid-tier producer status. The Company's wholly-owned Hill
Copper-Zinc Project is located east of Tucson,
AZ and contains a number of
potentially low-cost, bulk-tonnage, open-pit-mineable deposits close to surface
containing significant amounts of copper, zinc, silver and gold. Presently,
the in-house calculated resource for the entire Hill project is estimated by
the Company to be approximately 800 million pounds of copper at a
copper-equivalent grade of 0.65% (copper and zinc combined). Aurelio has also
acquired the rights to explore, and an option to purchase, the Gavilanes gold
porphyry deposit in Durango,
Mexico.
On behalf of the Board of Directors of Aurelio Resource Corporation
Contacts:
Stephen B. Doppler Diane
Dudley
Chairman Investor
Relations
303-795-3030 303-945-7273
(direct)
800-803-1371 303-945-7270
(fax)
For additional
information, please visit our website (www.AurelioResource.com) and/or send an email to DianeD@AurelioResource.com.
Legal
Notice Regarding Forward Looking Statements
Statements
in this news release that are not historical are forward-looking statements.
Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes",
"intends", "estimates", "projects",
"aims", "potential", "goal",
"objective", "prospective", and similar expressions, or
that events or conditions "will" , "would",
"may", "can", "could" or "should"
occur. Information inferred from the interpretation of drilling results and information
concerning mineral resource estimates may also be deemed to be forward looking
statements, as it constitutes a prediction of what might be found to be present
when and if a project is actually developed. Forward-looking statements in this
news release include that our property contains a number of potentially
low-cost, bulk-tonnage, open-pit-mineable deposits close to surface containing
significant amounts of copper, zinc, silver and gold; that assay results are
pending from four additional holes drilled in the South Cortland area during
September 2007; that we will apply for listing on the TSX Venture Exchange;
that the Company intends to maintain its OTCBB and Frankfurt Exchange listings
regardless of whether it obtains a listing on the TSX Venture Exchange; that
Metallurgical testwork is in progress, and an NI 43-101 resource estimate for
South Courtland area is scheduled for early 2008; that our in-house calculated
resource for the entire Hill project is estimated by the Company to be nearly
800 million pounds of copper at a copper-equivalent grade of 0.65%; that the
Company is nearing completion of an independent review of its in-house estimate
of the mineralized material in the MAN area; that an NI 43-101 Technical Report
concerning the Hill Copper-Zinc Project is in the final stages; and that a
significant additional mineralization of shallow oxide copper and zinc has been
identified in the South Courtland area.
It is important to note that the
Company's actual outcomes may differ materially from those statements contained
in this press release. Factors which may delay or prevent these forward looking
statements from being realized include misinterpretation of data; that we may
not be able to keep our qualified personnel; that funds expected to be received
may not be; that our estimates of mineral resources are inaccurate;
uncertainties involved in the interpretation of drilling results and other
tests and the estimation of resources; that we may not be able to get
equipment or labor as we need it; that we may not be able to raise sufficient
funds to complete our intended exploration, purchase, lease or option payments;
that our applications to drill may be denied; that weather, logistical problems
or hazards may prevent us from exploration; that analysis of data cannot be
done accurately and at depth; that results which we have found in any
particular location are not necessarily indicative of larger areas of our
property; and that despite encouraging data there may be no commercially
exploitable mineralization on our properties. Readers should refer to the risk
disclosures outlined in the Company's most recent 10-KSB and 10-QSB filed with
the Securities and Exchange Commission.
Regards,
Diane G. Dudley
Investor Relations
Aurelio Resource
Corporation
303-945-7273
1-800-803-1371
dianed@aurelioresource.com
stock traded as AULO
on Over the Counter Bulletin Board (OTCBB)
Web site: www.aurelioresource.com