 | | | Publié le 04 octobre 2007 | Reports High-Grade Gold and Copper Results From Cocha Project |
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| | Thursday, October 04, 2007
Amera Reports High-Grade Gold and Copper Results From Cocha Project
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Amera Resources Corporation (AMS-TSX.V) is pleased to report results from 41 additional rock samples collected on the East Cocha Gold-Copper-Silver Zone, the first gold mineralized zone to be identified on the 7,060 hectare Cocha property. The high gold values combined with reconnaissance geologic mapping outline a bonanza gold target over widths up to 2m that intermittently outcrops over 600m of strike length and potentially extends up to 2km. A Phase II drill program and additional surface exploration is expected to commence shortly.
A total 41 rock samples including grab samples and chip channel samples ranging from 0.1 to 4.0m were collected from the East Zone where previous assays of up to 6.97 g/t gold, 53.4 g/t silver and 3.1% copper over 0.7m were reported. Results range from <0.05 g/t to 22.40 g/t gold, <0.2 to 329 g/t silver and 40 ppm to 66,800 ppm Cu (6.68%). A summary of significant results is provided in Table 1 and plotted on Figure 1.
Highlights from length-weighted averaged results include:
• 22.00 g/t gold, 16.2 g/t silver and 3.68% copper over 0.6m
• 4.58 g/t gold, 8.2 g/t silver and 2.30% copper over 1.2m
• 8.56 g/t gold, 95.7 g/t silver and 3.57% copper over 1.0m
• 3.13 g/t gold, 60.0 g/t silver and 2.70% copper over 1.9m
The East Cocha Zone discovery resulted from Amera's reconnaissance exploration program across its large Cocha claim block. Work to date has identified four main mineralized zones. Drilling along the Discovery Outcrop Trend at the Central Cocha Target in 2006 intersected 30.23m grading 2.67% copper and 24.1 g/t silver in diamond drill hole COCHA-06-03 (see October 17, 2006 News Release).
Technical Summary
The East Cocha gold-silver-copper target is located 4.5km southeast of Central Cocha. Numerous old workings exist in the area and are believed to date back to the 1960s. The area is underlain by red sandstones and volcaniclastic rocks of the Mitu Group. No intrusive rocks have been noted in the area to date.
The mineralized quartz-barite vein is hosted in fault gouge and dips approximately 45º toward the northeast and crosscuts foliated slate and mudstone. The zone is exposed in 10 historic mine workings consisting of underground adits, open cuts and prospect pits, where the vein was extracted by artensanal miners.
Historic underground workings occur 500m to the southeast of the East Cocha Zone with the intervening area masked by glacial alluvial cover. The zone projects beneath soil cover to the northwest. Surface exploration is planned along the 2km projected strike length target. Detailed structural geologic mapping, trenching, soil geochemistry and induced polarization (IP) surveys are planned to delineate the buried extensions and to identify additional parallel structures.
An additional 41 rock chip samples have been collected in addition to the previously reported 13 rock samples ranging from grab samples to 10m chip samples. Gold values from the zone range from <0.05 ppm to 22.0 g/t, over 0.6m, and average 2.6 g/t (see Table 1). Silver values range from <0.2 to 329 g/t, over 2.1m, and average 35.7 g/t. Copper values range from 40 ppm to 66,800 ppm (6.68%), over 0.35m, and average 10,947 ppm (1.01%). A program of additional rock and soil sampling is underway to further delineate the mineralization and locate drill targets. In addition an access road is being constructed to facilitate trenching and eventual drill testing of the East Cocha Zone.
ALS Chemex Laboratories, an internationally recognized assay service provider, in Lima, Peru and North Vancouver, Canada, performed analyses for the samples reported herein. 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.
Amera Resources Corporation is a metals exploration company focused on the Americas. The Company has three drill-ready projects in Peru; is advancing others to the drill stage; and, is fully funded to carry-out its exploration programs. Amera is constantly evaluating new opportunities through management's network of contacts in the resource sector. The Company is committed to growth and adding shareholder value through precious and base metal discoveries.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
Mr. Nikolaos Cacos, President & CEO
1 Sediment-Hosted Copper Deposits of the world: Deposit Models and Database By Dennis P. Cox, David A. Lindsey, Donald A. Singer and Michael F. Diggles; USGS Open-File Report 03-107 Version 1.0
For further information please contact Nikolaos Cacos, President & CEO, at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email info@ameraresources.com, or visit the Company's web site at http://www.ameraresources.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. 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. 2007 Number 20
Table 1: Rock Sample Highlights from East Cocha Zone
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Sample Easting Northing Sample Width Gold Silver Copper Copper
Number (m) (m) Type (m) (g/t) (g/t) (ppm) (%)
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426134 501026 8672705 channel 0.60 22.00 16.2 36,800 3.68
426102-03 500921 8673025 channel 1.20 4.58 8.2 2,299 0.23
426139 501032 8672641 channel 0.15 9.39 7.9 657 0.07
426137-38 501055 8672610 channel 1.00 8.56 95.7 35,725 3.57
426119 500953 8672823 grab NA 7.27 122.0 36,500 3.65
426133 501025 8672705 channel 0.30 4.80 6.5 5,990 0.60
426104,
426113-16 500957 8672826 channel 1.90 3.13 60.0 26,996 2.70
Including 0.35 3.88 151.0 66,800 6.68
426129-31 500957 8672821 channel 0.40 1.82 4.3 4,146 0.41
426105 501025 8672705 channel 0.80 2.21 6.9 18,100 1.81
426106 500912 8673128 channel 0.65 1.49 128.0 30,500 3.05
426110 500912 8673126 channel 0.55 1.09 56.8 22,400 2.24
426126 501100 8672438 channel 2.10 0.72 329.0 28,900 2.89
426121 501108 8672472 channel 1.60 0.74 33.6 2,670 0.27
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*Note 1 g/t = 1 ppm and 10,000 ppm = 1%
Figure 1: East Cocha Gold-Copper-Silver Zone Assay Highlights
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Amera Resources Corporation
Terminal City Club Tower
Suite 709-837 West Hastings Street
Vancouver, B.C. Canada V6B 3N6
| Tel: 604.687.1828
Fax: 604.687.1858
Toll Free: 1.800.901.0058
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