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Sector
NewswireTM
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.
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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. |
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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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