beambe
11 years ago
Guerrero Exploration Reports Exploration Plan for Guerrro Concessions in Mexico During Fall 2013
Date : 06/26/2013 @ 8:00AM
Source : Marketwired Canada
Stock : Guerrero Exploration (GEX)
Quote : 0.115 0.0 (0.00%) @ 9:16AM
Guerrero Exploration Reports Exploration Plan for Guerrro Concessions in Mexico During Fall 2013
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Alert
Guerrero Exploration Inc. ("Guerrero" or the "Company") (TSX
VENTURE:GEX)(FRANKFURT:2GU) has received the title certificates for its 100%
owned Cibola and Coatepec concessions, and expects the Olinala concession to be
granted in the coming months.
Collectively, the three concessions overlap a combined surface area of 137,546
Hectares in the Mixteca Terrane of eastern Guerrero State, Mexico. The Mixteca
Terrane hosts the Guerrero Gold Belt (GGB), a cluster of new gold discoveries in
the vicinity of GoldCorp's Los Filos mine. Advanced projects in the GGB include
Ana Paula by Newstrike and Media Luna by Torex. Exploration projects in the GBB
include Biricu, optioned from Esperanza Resources by Citation Resources and
Xochipala, owned by Oroco Resource Corp. Other participants in the GGB gaining
notoriety include (i) Cayden Resources Inc., who sold a fraction of their
Morelos Sur concession to Goldcorp for USD $15.7 million (News Release dated Feb
1 2013), and (ii) Osisko, the owner of the 560,241 Hectare Don Julio concession
application area.
Guerrero Exploration's concessions were defined based on the presence of
anomalous gold, silver, copper, zinc or lead values in stream sediment samples
collected and analyzed by the Servicio Geologico Mexicano, mainly from 4th and
5th order drainage basins. Management and the geologic team have determined that
the resolution of the historic Government work available on this area is too low
to support accurate exploration decisions. Therefore, Guerrero Exploration has
planned 1,384 sample collection sites on 1st and 2nd order drainage basins to
better define the metal potential of its 137,546 Hectares of concessions.
To assist in assessing the geological potential, the sampling procedure calls
for collection of a rock sample near each stream sediment sample site, as well
as prospecting/rock sampling traverses on the ridges. In excess of 2,000 rock
samples are expected to be collected.
The Company has the use of a portable field laboratory that includes the
following: (i) a Meiji binocular microscope with camera for petrography; (ii) a
Niton GOLDD XRF gun for whole-rock and trace element analysis; (iii) a Kappa
magnetic susceptibility meter; (iv) a Terraspec SWIR to define alteration
mineralogy.
The objectives of the 2013 exploration plan are threefold: (i) identify and
release areas with no obvious mineral potential back to the Government, (ii)
identify and map the mineral potential of productive parts of the concessions,
and (iii) make plans to advance work in those areas, either internally or via
third party agreements.
The Company expects that exploration of these concessions would start in the
fall of 2013, after completing a planned drilling program on its 60% owned Cerro
Azul concession.
About Guerrero Exploration Inc.
Guerrero is a Canadian-based junior exploration company with a focus on the
Southern Mexican Gold Belt. The Company's common shares trade on the TSX Venture
Exchange under the symbol "GEX" and the Frankfurt Stock Exchange under the
symbol (2GU). For more information, please visit www.grxpl.com or contact
investor relations.
Advisory
Certain statements and information contained in this press release, including
but not limited to management's assessment of Guerrero's future plans and
operations, geological results and proposed exploration plans contain
forward-looking statements. In particular, this press release contains
statements concerning the anticipated receipt of government approval regarding
mineral concession transactions. All statements other than statements of
historical fact may be forward-looking statements. These statements, by their
nature, are subject to numerous risks and uncertainties, some of which are
beyond Guerrero's control including the effect of general economic conditions,
industry conditions, changes in regulatory and taxation regimes, government
approvals, volatility of commodity prices, escalation of operating and capital
costs, currency fluctuations, the availability of services, imprecision of
reserve estimates, geological, technical, drilling and processing risks,
environmental risks, weather, the lack of availability of qualified personnel or
management, stock market volatility, the ability to access sufficient capital
from internal and external sources and competition from other industry
participants for, among other things, capital, services, acquisitions of
reserves, undeveloped lands and skilled personnel that may cause actual results
or events to differ materially from those anticipated in the forward-looking
statements. Such forward-looking statements, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated in the statements made and
should not unduly be relied on. These statements speak only as of the date of
this press release. Guerrero does not intend and does not assume any obligation
to update these forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by applicable law.
Guerrero's business is subject to various risks that are discussed in its
filings on the System for Electronic Document Analysis and Retrieval (SEDAR).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Guerrero Exploration Inc.
Investor Relations
1-877-685-0088
info@grxpl.com
www.grxpl.com
beambe
11 years ago
Guerrero Exploration Updates Status of Drill Permit Application at Cerro Azul Property in Guerrero, Mexico
Date : 06/24/2013 @ 9:17AM
Source : Marketwired
Guerrero Exploration Updates Status of Drill Permit Application at Cerro Azul Property in Guerrero, Mexico
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Alert
Guerrero Exploration Inc. ("Guerrero" or the "Company") (TSX VENTURE:GEX)(FRANKFURT:2GU) announces that the complete drill permit application, including the long form of the environmental report (Manifiesto de Impacto Ambiental), was submitted to the Ministry of the Environment (SEMARNAT) for its Cerro Azul Property in Guerrero, Mexico. The governmental authority confirmed receipt of the application and has indicated that all documents are in order and have initially been accepted, including the required newspaper publications of the Company's and its JV Partner's intentions to drill in the project area.
Guerrero's environmental consultant on site has also indicated that a previously scheduled visit to the project area will no longer be required.
Based on the response from the Mexican Ministry officials, Guerrero Exploration expects the finalized permit will be granted on or about June 30, 2013.
The issuance of the drilling permit and environmental clearances will give Guerrero Exploration and its JV Partner the ability to immediately begin a planned exploration drilling program on the Cerro Azul Property without any further jurisdictional requirements or permits.
Located 30 kilometers west of Farallon Resources' Campo Morado property and approximately 88 kilometers west of Goldcorp's Los Filos Mine, Guerrero's Cerro Azul property is located in a volcano sedimentary Cretaceus sequence of Guerrero Terrane complex. The Company is exploring the large concession and has defined more than seven target areas which include several epithermal gold targets and at least two porphyry copper-type hydrothermal systems.
About Guerrero Exploration Inc.
Guerrero is a Canadian based junior exploration company with a focus on the Southern Mexican Gold Belt. The Company's common shares trade on the TSX Venture Exchange under the symbol "GEX" and the Frankfurt Stock Exchange under the symbol (2GU). For more information, please visit www.grxpl.com or contact investor relations.
Advisory
Certain statements and information contained in this press release, including but not limited to management's assessment of Guerrero's future plans and operations, geological results and proposed exploration plans contain forward-looking statements. In particular, this press release contains statements concerning the anticipated receipt of government approval regarding mineral concession transactions. All statements other than statements of historical fact may be forward looking statements. These statements, by their nature, are subject to numerous risks and uncertainties, some of which are beyond Guerrero's control including the effect of general economic conditions, industry conditions, changes in regulatory and taxation regimes, government approvals, volatility of commodity prices, escalation of operating and capital costs, currency fluctuations, the availability of services, imprecision of reserve estimates, geological, technical, drilling and processing risks, environmental risks, weather, the lack of availability of qualified personnel or management, stock market volatility, the ability to access sufficient capital from internal and external sources and competition from other industry participants for, among other things, capital, services, acquisitions of reserves, undeveloped lands and skilled personnel that may cause actual results or events to differ materially from those anticipated in the forward looking statements. Such forward-looking statements, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated in the statements made and should not unduly be relied on. These statements speak only as of the date of this press release. Guerrero does not intend and does not assume any obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Guerrero's business is subject to various risks that are discussed in its filings on the System for Electronic Document Analysis and Retrieval (SEDAR).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Guerrero Exploration Inc.
Investor Relations
1-877-685-0088
info@grxpl.com
www.grxpl.com
beambe
11 years ago
Guerrero Exploration Inc. Outlines Drilling Plan For Its Cerro Azul Property, Mexico
VANCOUVER, BRITISH COLUMBIA - June 19, 2013 – Via Marketwire - Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX-V: "GEX") provides the following update on development of its Cerro Azul property located in Guerrero, Mexico:
Guerrero Exploration and its JV partner first initiated a field exploration program at the Cerro Azul property in February 2011. The program consisted of prospecting, geochemical sampling and induced polarization/resistivity geophysics. Seven anomalies were identified on the Property: Cerro Azul, Las Trojas, El Pedrillo, La Palma, Las Minillas, Loma Coyote and Llano Grande (GEX News Release 26 May 2011). Of these, three have been selected for drill testing: Las Trojas, Las Minillas and Loma Coyote. Collectively, these three anomalies define a northwest trending zone 5000 meters long and 600 meters wide hosted in Cretaceous sedimentary rocks on the southern portion of the concession. Mineralization consists mainly of chalcocite in veinlets and disseminations with minor disseminated pyrite. On surface, this is oxidized to malachite, azurite, chrysocolla, jarosite, goethite and hematite.
Las Trojas is defined by co-incident chargeability and resistivity highs in an area 800 m long by 400 meters wide. Half of the 40 soil samples in this area contain more than 56 ppm Cu, and the highest copper-in-soil result is 11,800 ppm Cu. Rock samples from two historic mine workings in the area contain up to 37,000 ppm Cu and 43.4 ppm Ag. Four holes totaling 900 meters of drilling are planned to test Las Trojas.
La Minillas is 700 meters northwest of Las Trojas and is also defined by co-incident chargeability and resistivity highs in an area of anomalous copper geochemistry. The anomaly area is 1 km long by 600 meterswide and values of up to 37,900 ppm Cu and 21.6 ppm Ag were returned from a single mine working in this zone. One 250 m long hole is planned at Las Minillas.
Loma Coyote occurs 1400 meters northwest of Las Minillas, and overlaps an area 1200 meters long and 650 m wide underlain by co-incident chargeability and resistivity highs. There are 4 mine workings in this area, and all 11 rock samples from the mines contain more than 10 000 ppm Cu. The best rock sample contains 68,300 ppm Cu and 114.3 ppm Ag. The best soil sample contains 18,700 ppm Cu and 10.9 ppm Ag. Five hundred meters in two holes are planned at Loma Coyote.
The Company plans to start the exploration in Q3 of 2013 pending permit approval by the Mexican Government.
About Guerrero Exploration Inc.
Guerrero is a Canadian based exploration mining company with a focus on the high yielding Mexican copper, gold and silver mining area known as the Southern Mexican Gold Belt. The Corporation’s common shares trade on the TSX Venture Exchange under the symbol “GEX” and the Frankfurt Stock Exchange under the symbol (2GU).
For more information, please visit www.grxpl.com or contact investor relations.
###
Contact: Investor Relations
Toll Free Tel. 1.877.685.0088
Email inquiries: info@grxpl.com
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