NEW YORK--()--Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on AQM Copper, Inc.
AQM Copper Inc. (AQM), in the exploration stage as of March 31, 2010, is a Canadian based mineral exploration company developing copper deposits in South America. The company's focus is on acquiring and developing oxide copper prospects in Chile and Peru as well as on acquiring, optioning and exploring properties with potential for mega-deposits of copper and gold potential in Latin America.
The company is developing the Zafranal Copper-Gold Porphyry Project located in Southern Peru. AQM Copper is the operator of a 50/50 joint venture that has been formed for the continued exploration and potential development of the Zafranal project. AQM Copper also has a 40% participation in the Elenita project in the North of Chile.
The Zafranal Cu-Au project is located in the Southern Peru Copper Belt and consists of a well defined main zone and five exploration targets over a total of 25,000 hectares. To date, 50,000m of diamond and reverse circulation drilling have been completed. An initial NI 43-101 compliant resource is expected to be published by the third quarter of 2010. The data cutoff for this initial resource was July 19, 2010, although drilling still continues The company has engaged AMEC Minproc for this initial NI 43-101 compliant resource.
According to the company, drilling to date suggests mineralization at Zafranal has the potential to become a significant copper gold porphyry deposit with mineralization identified over a 3.200-meter strike length, up to 600 meters wide, 30 to 150 meters thick and open in multiple directions. The company has also initiated exploratory drilling on two of Zafranal's five satellite targets.
On July 28, 2010, AQM Copper announced the discovery of a new mineralized zone at the Sicera Norte satellite target, 8.5 kilometers northwest of the Zafranal Main Zone. Sicera Norte represents a separate discovery approximately two kilometers north of the previously discovered Sicera Sur zone. Sicera Norte had never before been drill tested.
This report will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.aqmcopper.com for additional information.
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