Guerrero to Drill Copper Targets at the Cerro Azul Project in Guerrero, Mexico
November 21 2012 - 4:00AM
Marketwired
Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX
VENTURE:GEX) is pleased to announce that the permitting application
is underway with drilling scheduled to commence in early 2013 at
its high-grade copper project at Cerro Azul in Guerrero State,
Mexico, subject to permit approval and rig availability.
The 260 km2 copper-gold Cerro Azul Project is located in the
Guerrero state in the highly productive Southern Mexican Gold
Belt.
As described in the Press Release dated May 26, 2011, a 5.3 km
by 0.8 km zone of rock chip and soil copper anomalism was
delineated and priority drill target areas have since been
confirmed by an Induced Polarization (IP) geophysical survey.
Copper values as high as 10% Cu from rock chips and 1.8% Cu in soil
samples are present.
The high-grade copper results have been found primarily within
the southern portion of the Cerro Azul Project, include the Loma
Coyote, La Minillas and Las Trojas target areas. A peripheral and
parallel trending coincident lead - zinc anomalous zone was
observed in the Las Trojas - La Minillas area.
Geological mapping of the southern portion of Cerro Azul has
confirmed the presence of extensive argillic alteration of
andesitic tuffs and subvolcanic intrusive and into sedimentary
country rocks along epithermal vein and breccias networks following
local faults. Rock units previously interpreted as granodiorite
intrusive have been identified as areas of argillic alteration and
silicification. The extent of the alteration and coincidence of
geochemical anomalism observed in the soil sampling supports the
concept of Cerro Azul property representing a large zonated
volcanic epithermal system.
David Stadnyk, President & CEO of Guerrero Exploration Inc.,
stated, "We are excited that we are near commencement of the drill
program of our flagship property. With all the preliminary work
completed, we look forward to exploring the possible porphyry
system which is exciting and encouraging for Guerrero."
Assaying and Qualified Person:
Samples were taken to Hermosillo, Mexico where ALS Laboratory
Group's mineral division ALS Chemex crushed and pulverized each
sample. The rejects remained with ALS Chemex while the pulps were
transported to ALS Chemex's ISO 9001-2008 certified laboratory in
North Vancouver, BC, Canada for analysis. A QA/QC program was
implemented as part of the sampling procedures for the exploration
program. Duplicate, standard and blank samples were randomly
inserted into the sample stream prior to being sent to the
laboratory.
The scientific and technical data contained in this press
release was prepared under the supervision of Troy Gill, BSc
(Geol.)., a member of the Australian Institute of Geoscientists,
who acts as a "qualified person" under National Instrument 43-101
Standards of Disclosure for Mineral Projects.
About Guerrero Exploration Inc.
Guerrero Exploration Inc. is committed to a long term business
strategy designed to achieve optimal levels of profitability and
shareholder value. Guerrero Exploration Inc. is a Canadian based
exploration mining company with a focus on the high yielding
Mexican copper, gold and silver mining area known as the Southern
Mexico Gold Belt. The Corporation's common shares trade on the TSX
Venture Exchange under the symbol "GEX".
Advisory
Certain statements and information contained in this press
release, including but not limited to management's assessment of
Guerrero's future plans and operations, geological results and
proposed exploration plans contain forward-looking statements. In
particular, this press release contains statements concerning the
anticipated completion and review of exploration programs and
assays. All statements other than statements of historical fact may
be forward looking statements. These statements, by their nature,
are subject to numerous risks and uncertainties, some of which are
beyond Guerrero's control including the effect of general economic
conditions, industry conditions, changes in regulatory and taxation
regimes, volatility of commodity prices, escalation of operating
and capital costs, currency fluctuations, the availability of
services, imprecision of reserve estimates, geological, technical,
drilling and processing risks, environmental risks, weather, the
lack of availability of qualified personnel or management, stock
market volatility, the ability to access sufficient capital from
internal and external sources and competition from other industry
participants for, among other things, capital, services,
acquisitions of reserves, undeveloped lands and skilled personnel
that may cause actual results or events to differ materially from
those anticipated in the forward looking statements. Such
forward-looking statements, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated in
the statements made and should not unduly be relied on. These
statements speak only as of the date of this press release.
Guerrero does not intend and does not assume any obligation to
update these forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law. Guerrero's business is subject to various risks
that are discussed in its filings on the System for Electronic
Document Analysis and Retrieval (SEDAR).
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Guerrero Exploration Inc. David Stadnyk President and
Chief Executive Officer (604) 685-0088 Guerrero Exploration Inc.
Investor Relations (604) 685-0088info@grxpl.com www.grxpl.com