|Thu Nov 1, 2007|
Drill Program Update on Cocha Copper-Silver Project, Peru
|Amera Resources Corporation (AMS-TSX.V; AJRSF-OTC; OAY-Frankfurt) is pleased to provide an update of the drilling and exploration activities ongoing on the Cocha sediment-hosted copper-silver project in Junin Department, Peru. To date, seven holes have been completed for a total of over 1,000 metres, out of the 2,000m diamond drill program that is currently underway.|
The primary focus of this drill program is to test on the "Discovery Outcrop" zone of the Central Cocha Target where last year's initial Phase I drill program intersected 30.23m grading 2.67% copper and 24.1 g/t silver in diamond drill hole COCHA-06-03 (see October 17, 2006 News Release).
Central Cocha Target
Highlights from the eleven-hole 2006 Phase I drill program included:
• 30.23m @ 2.67% copper and 24.1 g/t silver* (COCHA-06-03)
• 13.31m @ 0.80% copper and 10.8 g/t silver* (COCHA-06-02)
• 18.01m @ 1.93% copper and 17.2 g/t silver* (COCHA-06-02)
• 11.55m @ 0.82% copper and 9.2 g/t silver* (COCHA-06-02)
*Previously released on October17, 2006
To date, Amera has identified three copper-silver and one gold-copper-silver mineralized zones on its recently expanded, 100% owned Cocha project. Additionaly, the company has acquired an option to earn up to a 70% interest in four properties from Minera Phelps Dodge del Peru S.A.C. ("MPDP"), increasing its property holdings in the Cocha region to 16,560 hectares (see October 1, 2007 News Release).
South Cocha Target
This Phase II drill program will also test the South Cocha Target, where surface sampling program highlights include:
• 0.80% copper and 8.9 g/t silver over 10.0m*
• 2.80% copper and 105 g/t silver over 0.40m*
*Previously released on September 4, 2007
Surface work to advance the other targets on the property, as well as the MPDP properties, to the drill-ready stage is proceeding in tandem with permitting. Of particular interest, is the newly discovered East Cocha Target, the first gold mineralized zone to be identified on the Cocha property. The high gold values combined with reconnaissance geologic mapping outline a bonanza gold target over widths up to 2m that intermittently outcrops over 600m of strike length and potentially extends up to 2km.
East Cocha highlights include:
• 22.00 g/t gold, 16.2 g/t silver and 3.68% copper over 0.6m
• 8.56 g/t gold, 95.7 g/t silver and 3.57% copper over 1.0m
• 3.13 g/t gold, 60.0 g/t silver and 2.70% copper over 1.9m
*Previously released on October 4, 2007
The style of mineralization discovered at the North, Central and South Cocha Zones is interpreted by Amera as sediment-hosted copper-silver type, comparable to the giant Lubin Deposit (115 billion pounds of copper, 2.3 billion ounces of silver1) in the Kupferschiefer district of Poland and the White Pine Deposit (18.3 billion pounds of copper and 800 million ounces of silver1) in the Upper Peninsula of Michigan.
Amera Resources Corporation is a metals exploration company focused on the Americas. The Company has three drill-ready projects in Peru; is advancing others to the drill stage; and, is fully funded to carry-out its exploration programs. Amera is constantly evaluating new opportunities through management's network of contacts in the resource sector. The Company is committed to growth and adding shareholder value through precious and base metal discoveries.
ON BEHALF OF THE BOARD
Mr. Nikolaos Cacos, President & CEO
1 Sediment-Hosted Copper Deposits of the world: Deposit Models and Database By Dennis P. Cox, David A. Lindsey, Donald A. Singer and Michael F. Diggles; USGS Open-File Report 03-107 Version 1.0
For further information please contact Alex Mason, Corporate Communications, at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email firstname.lastname@example.org, or visit the Company's web site at http://www.ameraresources.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
2007 Number 23
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