TORONTO, June 27 /CNW/ - Alturas Minerals Corp. (the "Company")
(TSX-V: ALT) announced today that drilling has commenced at the Huajoto
polymetallic project in Central Peru. The 3,000 meter Phase One core drilling
program will test base metal-rare earth element, and gold-silver epithermal,
replacement mineralization targets reported in a previous press release dated
June 4, 2008. Local drilling company Geotecnia Peruana S.R.L. has been
retained by Alturas to execute the program.
Miguel Cardozo, President & CEO, commented, "We are very pleased to
report that drilling has now commenced at Huajoto. The drilling program will
test a number of high priority targets that we have defined in recent months
through systematic geological, geochemical and geophysical work in this very
large mineralized system. Strong surface evidence of replacement-style
mineralization is common and its concentration above deep-rooted gravity and
induced polarization geophysical anomalies is very encouraging."
The 3,700 hectare Huajoto project is located in the historic mining
district of Huancavelica in Central Peru. Huajoto is a zoned polymetallic
system 5.0 kilometers by 7.0 kilometers in size, with strong gold-silver
anomalies associated with a high-sulfidation epithermal core (La Virgen
target) passing outwards into zones of strong zinc, lead and rare earth
surface geochemical anomalism (Caty-Pablo target).
Part of the Huajoto properties were previously drilled by Teck Cominco
Peru S.A., (Teck Cominco Peru), a subsidiary of Teck Cominco Limited in
1999-2001. The Huajoto properties are subject to an Option agreement with Teck
Cominco Peru and COMACSA, a Peruvian industrial minerals company. See Alturas
press release dated September 18, 2007 for details of the tenure and terms of
the Option agreement.
For maps and an extended summary of exploration results, refer to the
Company's website www.alturasminerals.com/huajotomaps.htm
About Alturas Minerals Corp.
Alturas is a Canadian corporation, and is the parent of Alturas Minerals
S.A. ("Alturas Peru"). Alturas Peru has been actively exploring various
mineral projects in Peru since January 2004. The principal assets of Alturas
are four mineral exploration projects located in southern Peru, being the
Huilacollo Gold Project, the Banos del Indio Gold Project, the Utupara
Copper-Gold Project and the Huajoto Gold-Silver-Zinc Project. In addition,
Alturas Peru has interests in eight other exploration projects in Peru.
Alturas' exploration strategy is focused on the discovery of 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-Exploration of the Company, who has
verified the technical information reported in this News Release.
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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 actual results 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 Company's
business are more fully discussed in the Company's disclosure documents filed
from time to time with the Canadian securities authorities
For further information:
For further information: Miguel Cardozo, President & Chief Executive
Officer, Alturas Minerals Corp., Suite 820, 330 Bay Street, Toronto, Ontario,
M5H 2S8, Phone: (416) 366-5555 (Toronto), +51-1-475-1700 (Peru), Email: