7/27/2019 ALT_HR081216 Defines Gold Target at Chapi
Chapi.pdf
1/2
PRESS RELEASE TSXV, BVL: ALT
Alturas defines new disseminated gold target at its ChapiChapi
copper-gold project, Peru
Toronto, December 16, 2008 Alturas Minerals Corp. (the Company)
(TSX-V, BVL: ALT) ispleased to report that it has defined a new
gold-in-soils anomaly greater than 1.1 by 1.1 kilometers in
dimension within its Chapi Chapi copper-gold project in southern
Peru. The center of the anomaly issituated to the southeast of a
major northeast-striking copper-gold corridor previously defined
overoxidized skarns within the property and reported previously in
a press release dated September 4,2008.
Miguel Cardozo, President & CEO, commented Further
systematic soil geochemical sampling hasexpanded the
gold-mineralized footprint of the mineral system in the Chapi Chapi
project and we arevery encouraged by the size and strength of this
new disseminated gold target. We interpret thisannular-shaped gold
anomaly as a possible leached cap over a concealed copper-gold
porphyrysystem. The anomaly remains open to the east and to the
south. We are continuing with thecompilation of detailed mapping
and geochemical data generated by the 2008 program with the aim
ofdefining drilling targets
The new gold-in-soils geochemical anomaly (Huarajo anomaly) lies
entirely over fractured andlimonitized sandstones which are cut by
monzonite dykes and breccia zones. The anomaly is definedby the +50
ppb (0.05 grams/tonne) gold contour and values locally attain up to
2.63 grams/tonne gold.The gold anomaly is also broadly coincident
with strong anomalies in other elements such as arsenicand
antimony. Copper values are in general strongly depleted, however
isolated outcrops of coppercarbonate minerals have been located
within the fractured sandstones. Representative bedrockgeochemical
sampling (21 samples) over the area of the soil anomaly has
returned gold values thataverage 0.25 grams/tonne, with a peak
value of 1.15 grams/tonne.
In addition, the recent soil geochemistry sampling has extended
the projected strike of the northeast-striking copper-gold anomaly
over magnetite skarns (the Chapi Chapi Corridor) covered in an
earlierpress release dated September 4, 2008 from 1.30 kilometers
to over 3.00 kilometers in length.
The 6,903 hectare Chapi Chapi project in the department of
Apurimac in southern Peru hosts a largecopper-gold-molybdenum skarn
system hosted by Cretaceous limestones and quartzites cut
bydioritic to monzonitic stocks. The limestones are part of the
same unit that hosts large skarn depositsin the Apurimac-Cusco
porphyry-skarn belt, such as the Tintaya and Las Bambas copper-gold
skarnprojects of XStrata and the quartzite unit hosts an important
oxide copper resource at the nearbyAntilla project of Panoro
Minerals, situated some 20 kilometers to the west.
The Chapi Chapi property block is immediately adjacent to
Alturass Utupara copper-gold project andtogether the two projects
comprise a larger joint venture of Alturas with Minera IRL Limited,
acompany listed on the London Stock Exchange (IRL). Details of the
tenure and terms of the jointventure agreement can be found in a
previous Alturas press release dated February 28, 2008.
For maps and an extended summary of exploration results, refer
to the Companys website
www.alturasminerals.com/map-room.html
-
http://www.alturasminerals.com/map-room.htmlhttp://www.alturasminerals.com/map-room.htmlhttp://www.alturasminerals.com/map-room.html
7/27/2019 ALT_HR081216 Defines Gold Target at Chapi
Chapi.pdf
2/2
-
Abo ut Al turas Minerals Corp.
Alturas is a Canadian corporation, and is the parent of Alturas
Minerals S.A. (Alturas Peru). Alturas Peru hasbeen actively
exploring various mineral projects in Peru since January 2004. The
principal assets of Alturas arefour mineral exploration projects
located in southern Peru, being the Huilacollo Gold Project, the
Baos del IndioGold Project, the Utupara Copper-Gold Project and the
Huajoto Gold-Silver-Zinc Project. In addition, Alturas Peruhas
interests in eight other exploration projects in Peru. Alturas
exploration strategy is focused on the discoveryof large epithermal
gold mineralized deposits and copper-gold porphyry/skarn deposits.
For further information,please visit the Company's website at
www.alturasminerals.com
As required by the National Instrument 43-101, Alturas's
designated Qualified Person for the
supervision of exploration of the projects is Dr. Paul Pearson,
F. AUSIMM, Vice President-Explorationof the Company, who has
verified the technical information reported in this News
Release.
For further information please contact Thomas Findley at:
Phone: +1-877-471-1376 (North America Toll Free)+51-1- 628-5123
(Peru)
Email: [email protected]
Alturas Minerals Corp.Suite 820, 330 Bay Street, Toronto,
Ontario M5H 2S8
Should you wish to receive Company news via email, please email
[email protected] and specifyAlturas News in the subject
line
The Bolsa de Valores de Lima and the TSX Venture Exchange do not
accept responsibility for the adequacy oraccuracy of this
release.
Cautionary Language and Forward Looking Statements
This press release may contain forward-looking statements, which
are subject to various risks and uncertainties that could cause
actualresults and future events to differ materially from those
expressed or implied by such statements. Investors are cautioned
that such
statements are not guarantees of future performance and results.
Risks and uncertainties about the Companys business are more
fullydiscussed in the Companys disclosure documents filed from time
to time with the Canadian securities authorities
http://www.alturasminerals.com/http://www.alturasminerals.com/mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://www.alturasminerals.com/
