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Sector: Mining - Metals and Minerals  :

Sub sector: Precious Metals and Base Metals  :

 

News Release - November 6, 2009 2:34 PM ET  

 

 

Acero-Martin's 666,000 oz Gold and 385 Million Pounds Copper Resource at Pinaya the Subject of Metals & Minerals Digest Advisory  

 

Near term open pit mine potential ● Multi-billion bulk tonnage potential ● Current in-situ gold equivalent resource valuation under $4/oz ● Only ~28M shares outstanding and trading under CDN$0.30.

 

NEW YORK, NY, November 6, 2009 /Sector Newswire/ - Metals & Minerals Digest provides advisory on Acero-Martin Exploration Inc. (TSX-V: AMG) (ACERF.PK) as AMG.V advances their 100% owned Pinaya gold-copper deposit in Peru. Pinaya contains a NI 43-101 compliant 666,000 ounces of gold and 385 million pounds of copper resource and also possesses near term open pit mine potential at the past producing Pinaya mine where ~200,000 ounces gold of the 666,000 ounce gold resource is readily available for the taking from the pit area.

 

The full Metals & Minerals Digest Review and Valuation Analysis Commentary may be seen at http://metalsandminerals.net/MMamgNov09.pdf online.

   

Figure 1.  Acero-Martin Pinaya Deposit Geomodel

666,000 ounces of gold, 385 million pounds of copper resource defined in 2006. Since then 93 additional holes have been drilled totaling 163 holes (representing well over 40,000m of drilling) and thus the resource estimate if done now would likely be significantly larger. Also since then gold has doubled in price significantly enhancing the value of the deposit.

Acero-Martin is advancing projects on two key fronts;

 
1) Pinaya Gold-Copper Project, Peru
- 100% owned
Acero-Martin possesses a NI 43-101 compliant resource estimate report completed in 2006 which yielded an Indicated Resource of 29.13 million tonnes grading 0.53 g/t gold and 0.42% copper and an Inferred Resource of 12.72 million tonnes grading 0.41 g/t gold and 0.41% copper at Pinaya. This equates to approximately 498,000 ounces of gold and 269,000,000 pounds of copper in the Indicated category, and 168,000 ounces of gold and 115,000,000 pounds of copper in the Inferred category.

 
NOTE: The property possesses multi-billion bulk tonnage potential and not surprisingly Acero-Martin has fielded significant interest from entities probing the possibility of purchase and/or taking on the risk of development in the last couple months. AMG.V has yet to make a decision, however we note that ~200,000 ounces gold of the 666,000 ounce gold resource is readily available for the taking from the pit area. Metals & Minerals Digest highly encourages its readership to take the time now to familiarize itself with Acero-Martin -- call the company, and visit the company’s website at www.aceromartinexp.com as the current valuation of AMG.V relative to the inherent value of assets appear disproportionate and is poised for substantial upside revaluation.

 
Acero-Martin only recently (since ~mid October 2009) began trading under the symbol AMG.V as a revised mining entity with a nominal 27,347,128 shares outstanding. Metals & Minerals digest strongly feels the price of AMG.V shares are likely to rise as this deeply undervalued high quality story is discovered by the market place

2) Red Mountain Gold Project, Yukon
- 80% owned
The Red Mountain gold project within the Tintina Gold Belt, Yukon in the same geological belt as Underworld and several very large multi-million oz gold type bulk tonnage open-pit world class deposits including gold producer Kinross's Fort Knox mine and International Tower's 12M oz discovery.

 

The full Metals & Minerals Digest Review and Valuation Analysis Commentary may be seen at http://metalsandminerals.net/MMamgNov09.pdf online.

 

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

 

SOURCE: Sector Newswire per: Metals & Minerals Digest

editorial@SectorNewswire.com

 

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