ttp://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> AQM Copper Inc. - History - Fri Jun 15, 2012

History


Zafranal was first discovered by Teck in early 2003 as part of a generative exploration program within the northern segment of the Southern Peru Porphyry Copper Belt. Exploration efforts by Teck to date include detailed mapping, rock sampling, 5km of AMT geophysical surveying over four lines, and orientation EM geophysical surveying.

36 holes (32 RC and 4 diamond drill holes) were drilled between 2004 and 2005 totaling 11,805m. The main deposit was drilled at wide drill spacing of 250m-400m. Limited diamond drilling by Teck returned higher copper grades than RC drilling in the same location.

Several other excellent prospective porphyry copper-gold prospects (Sicera Sur, Sicera Norte and Campanero) have been recognized within the Zafranal property boundary, with very little exploration carried out to date on most of them. Work at the Campanero and Sicera prospects included AMT and gradient-array IP surveys (50 line-km total) and 18 exploratory RC drill holes totaling 4,899m.

Zafranal Drilling Highlights from 2003-2005
Supergene: Chalcocite, Covellite

Historical RC and Diamond
Drill Holes
From
(m)
To
(m)
Interval
(m)
Cu%* Au
(g/t)
ZFDDH04-001 (twin of RC-008)
Incl.
113
119
280
229
167
110
1.00%
1.25%
0.14
0.16
ZFDDH04-002 136 228 92 0.94% 0.08
ZFDDH04-004 75 152 77 1.80% 0.21
ZFRC04-007 120 190 70 1.08% 0.25
ZFRC04-008
Incl.
Incl.
106
110
116
348
278
226
242
168
110
0.65%
0.80%
1.02%
0.09
0.10
0.24
ZFRC04-009 174 268 94 0.60% 0.06
ZFRC04-010
Incl.
Incl.
114
164
164
268
268
208
154
74
44
0.52%
0.73%
0.90%
0.06
0.06
0.06
*0.2%Cu cut-off