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Saturday 11th of February 2012
Monday, March 3, 2008

Amera provides additional high-grade copper results

Amera provides additional high-grade copper results

Amera Resources Corporation provdes results from 15 new rock chip samples collected on its 100%-owned, 5,800 hectare Mitu Copper-Silver Project in Junin Department, Peru. Highlights include chip samples assaying 6.33% copper and 336 grams per tonne silver over 0.75m and 7.16% copper and 534 grams per tonne silver over 0.20m.

Additionally, the Company announces that an Induced Polarization (IP) and ground magnetic survey, conducted by VDG del Peru SAC (formerly, Val D’Or Geofisica), is currently underway on Mitu to refine drill targets. The geophysical survey program is expected to be completed within the next few weeks. A Phase I diamond drill program at the Mitu Copper-Silver Project will commence once the ongoing drill program is completed on the Company’s Laguna Gold Project.

To date, surface sampling from our Mitu Project has yielded some very high copper assay results, stated Mr. Nikolaos Cacos, President and C.E.O. With copper prices exceeding $3.80 per pound, Amera’s Mitu project is an excellent opportunity for our shareholders to increase their exposure to the very strong bull market in copper.

The Mitu property occurs in a similar geological setting as Amera’s Cocha Copper-Silver Project where recent drilling returned assays including 37.9m averaging 3.61% copper and 38.2 g/t silver (see January 11, 2008 News Release). Examples of this style of sediment-hosted copper-silver deposits include the giant Lubin Deposit (52 Mt Cu, 2,275 M oz Ag(1)) in the Kupferschiefer district of Poland and the White Pine Deposit (8.3 Mt Cu, 800 M oz Ag(1)) in the Upper Peninsula of Michigan. Previous surface results from Mitu, including 4.5%

 


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