Aurelio Announces Independent Estimate of Mineralized Material at the MAN Area of the Hill Copper-Zinc Project, AZ

    LITTLETON, COLO., October 30 /CNW/ - Aurelio Resource Corporation (OTCBB:
AULO)(FWB: F3RA) is pleased to announce the receipt of an independent report
estimating in-place mineralized material at the MAN Area of the Company's 100%
owned Hill Copper-Zinc Project located in the Turquoise Mining District of
Cochise County, Arizona. The report was prepared by Chlumsky, Armbrust &
Meyers, LLC ("CAM"), an independent mining engineering consulting firm located
in Lakewood, Colorado.

    The MAN Area is one of three mineralized areas at the Hill Copper-Zinc
Project (the "Project") that are currently being evaluated. The numbers
reported in this news release do not include the Courtland Area high-grade
copper-zinc-gold mineralization, nor has the newly-discovered oxide copper and
zinc mineralization at South Courtland been included.

    Estimated in-place mineralized material in the MAN Area is 63,757,000
tons grading 0.43% copper and 0.15% zinc (plus gold, silver and lead credits)
based on cut-off grades of 0.20% copper for sulfide material and 0.10% copper
for leachable (oxide and chalcocite) mineralized material.

    Based on the trailing average monthly metal prices for the past three
years, the copper-equivalent grade of the MAN deposit would be 0.56%
copper-equivalent. All of this material can be mined by open pit with low
stripping ratios.

    Mr. Steve Doppler, President and CEO, stated: "Completion of the MAN
in-place mineralized material estimate by CAM is a significant achievement for
Aurelio. This report validates our geologic interpretation of the deposit and
the historical drilling data base, confirms an historical, in-house,
mineralized material estimate, and clearly demonstrates the Hill Copper-Zinc
Project has significant upside potential. We are pleased with these findings,
and the results achieved to date on a very modest capital investment."

    A summary table from CAM's report is shown in Table 1:

                                   Table 1
           Inferred Resources, Hill Copper-Zinc Project (MAN Area)

                   Oxide    Chalcocite  Sulfide   Unclassified   Totals
                 (0.10% Cu  (0.10% Cu  (0.20% Cu   (0.20% Cu      (or
                   cutoff)    cutoff)    cutoff)     cutoff)    averages)
           Tons: 328,000 ST 29,436,000 28,919,000 5,074,000 ST 63,757,000
                                ST         ST                       ST
          Grade:  0.508 %    0.280 %    0.545 %     0.626 %      0.429 %
     Zinc Grade:  0.485 %    0.054 %    0.252 %     0.040 %      0.145 %
     Lead Grade:  0.035 %    0.020 %    0.027 %     0.006 %      0.022 %
         Silver    0.002      0.034      0.087    0.054 oz/ST  0.060 oz/ST
          Grade:    oz/ST      oz/ST      oz/ST
     Gold Grade:   0.002      0.002      0.006    0.005 oz/ST  0.004 oz/ST
                    oz/ST      oz/ST      oz/ST

          Grade:   0.76 %     0.33 %     0.75 %      0.71 %      0.56 %

    Table 1 suggests that approximately half of the MAN deposit consists of
chalcocite, which could be processed by low-cost heap leaching and SX/EW

    In the original CAM report, there are significant tonnages of mineralized
material within the section endpoints at various cut-off grades where no
distinction could be made between oxide, chalcocite and sulfide material due
to the fact that there are portions of the historic exploration database where
only assay data is available, with no corresponding information on mineralogy
and geology.

    This unclassified material amounts to 5.1 million tons grading 0.63%
copper at a cut-off grade of 0.20% copper; the Company believes that much of
this tonnage is likely sulfide mineralized material. At a cutoff grade of
0.10% Cu, there are 23.6 million tons of unclassified material grading 0.24%
copper. This lower-grade material thought to be a mixture of the chalcocite
blanket overlying the MAN Area deposit, and the underlying sulfide zone.

    The Company believes that with nominal additional drilling, the
unclassified material can be reclassified so that it could be included in the
different categories of inferred resources shown in Table 1.

    Based on historical drill results and the location of the drill holes,
Aurelio geologists believe that the deposit remains open in all directions,
including a significant zone of zinc mineralization extending to the south and
east of the MAN deposit.

    CAM's calculations were based on geologic and assay information from 87
historical drill holes totaling 64,252 feet of core and 10,737 assay records
(Aurelio has a total database of 275 historical drill holes for the Hill
Copper-Zinc Project). The estimates reported above are not part of a mining
plan, and an economic feasibility study has not been completed.

    Aurelio recently acquired 54,685 feet of MAN Area drill core. Some core
intervals are currently being analyzed to supply assay data for areas that
were unclassified or were treated as "missing" in CAM's report. This
information should further increase the inferred resources of the MAN Area in
future calculations.

    Aurelio is currently conducting confirmation (twin) drilling and assaying
of 5% of the MAN area holes. When this work is complete, it is the Company's
intention to complete an NI 43-101 compliant resource estimate of the MAN Area
mineralization. Definitive metallurgical testwork will also be undertaken to
establish the leaching characteristics of the oxide and chalcocite blanket
zones of the deposit.

    The drilling, assay programs and geologic interpretations have been
performed under the direction of Mr. Earl Detra, P.G., as a qualified person.
In the opinion of the Company, this work has been performed in accordance with
current NI 43-101 standards and practices.

    CAM's report, entitled "Technical Report: Hill Copper-Zinc Project - MAN
Area Arizona" dated October 23, 2007, was authored by Mr. Robert L. Sandefur,
P.E., Senior Geostatistician / Ore Reserve Analyst. To access the full content
of the CAM report, visit

    About The Company

    Aurelio Resource Corporation is a mineral exploration and development
company focused on achieving mid-tier producer status. The Company's
100%-owned Hill Copper-Zinc Project is contains a number of potentially
low-cost, bulk-tonnage, open-pit-mineable deposits close to surface containing
significant amounts of copper, zinc, silver and gold. Aurelio has also
acquired the rights to explore, and an option to purchase, the Gavilanes gold
porphyry deposit in Mexico.

    For additional information, please visit our website
( and/or send an email to

    Cautionary Note to Investors:

    The United States Securities and Exchange Commission permits U.S. mining
companies, in their filings with the SEC, to disclose only those mineral
deposits that a company can economically and legally extract or produce. We
use certain terms in this release, such as "measured," "indicated," and
"inferred" and "resources" that the SEC guidelines strictly prohibit U.S.
registered companies from including in their filings with the SEC, although
this terminology is common in other jurisdictions, including Canada

    The potential quantity and grade of the mineralized material referred to
in this release is preliminary in nature. There has been insufficient
exploration to define a mineral resource and we can not say with certainty if
further exploration will result in the target being delineated as a mineral
resource. Furthermore, the preliminary assessments referred to in this release
are preliminary in nature, and include inferred mineral resources for which it
is too early in the exploration process to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves
or resources. There is no certainty that the preliminary assessment will be
realized, or that the inferred resources will be determined as presently

    As referred to in this news release, "Mineralized Material" or "Deposit"
is a mineralized body which has been delineated by drilling to establish
continuity and support an estimate of tonnage and an average grade of the
selected metals. Mineralized material is reported as "in-place" tonnages and
grades, and, in the opinion of the Company, has reasonable prospects for
economic extraction, and has been delimited using an economically-based cutoff
grade to segregate potentially economic material from just mineralization.
Under SEC standards, such a deposit does not qualify as a reserve until a
comprehensive evaluation, based upon unit costs, metallurgical recoveries and
other factors have established economic viability.

    Notice Regarding Forward-Looking Statements:

    Statements in this news release that are not historical are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934 as amended. Such forward-looking statements include, among others,
estimates of in-place mineralized material in the MAN Area and whether any or
all of this material can be mined by open pit with low stripping ratios;
estimates of the copper-equivalent grade of the MAN deposit; that about one
third of the deposit consists of chalcocite which could be mined by low-cost
heap leaching methods, depending on metallurgical testing; that the deposit
remains open in all directions, including a significant zone of zinc
mineralization extending to the south and east of the MAN deposit; and that
the information from analysis of some core intervals to supply assay data for
areas that were unclassified or were treated as "missing" in CAM's report
could further increase the Inferred Resources of the MAN Area in future

    It is important to note that the Company's actual outcomes may differ
materially from those statements contained in this news release. Factors which
may delay or prevent these forward looking statements from being realized
include misinterpretation of data; that our estimates of mineralized material
are inaccurate; that we may not be able to get equipment or labor as we need
it; that we may not be able to raise sufficient funds to complete our intended
exploration, purchase, lease or option payments; that our applications to
drill may be denied; that weather, logistical problems or hazards may prevent
us from exploration; that analysis of data cannot be done accurately and at
depth; that results which we have found in any particular location are not
necessarily indicative of larger areas of our property; and that despite
encouraging data there may be no commercially exploitable mineralization on
our properties. Readers should refer to the risk disclosures outlined in the
Company's most recent Form 10-KSB and Form 10-QSB filed with the Securities
and Exchange Commission.

For further information:

For further information: Aurelio Resource Corporation Steve Doppler,
303-795-3030 or 800-803-1371 President and CEO or Diane Dudley, 303-945-7273
Investor Relations Fax: 303-945-7270

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