Cobriza Intersects 292m of .33% Cu Eq.Cobriza Intersects 292 metres of 0.33% Copper Equivalent* at Arikepay Copper-Gold Porphyry Discovery
Vancouver, British Columbia, August 10th, 2012 -- Cobriza Metals Corp. (TSX:CZA) ("Cobriza") is pleased to announce that results from the final four drill holes have been received, and that additional significant copper-gold-silver ("Cu-Au-Ag") mineralization has been intersected at the Arikepay project, Peru. Highlights of these new results include:
RC-12-ARI-011:292m averaging 0.10% Cu, 0.32 g/t Au and 1.1 g/t Ag (0.33% Cu Eq*)
including:186m averaging 0.11% Cu, 0.43 g/t Au and 1.4 g/t Ag (0.43% Cu Eq*)
RC-12-ARI-013: 170m averaging 0.27% Cu, 0.039 g/t Au and 1.5 g/t Ag (0.31% Cu Eq*)
including:122m averaging 0.31% Cu, 0.042 g/t Au and 1.8 g/t Ag (0.35% Cu Eq*)
"This initial drill campaign was very successful in the discovery of a large porphyry system which contains significant Cu, Au and Ag mineralization. We are now busy compiling and interpreting all of the results in order to plan Phase II of exploration at Arikepay," commented Michael Thicke, President of Cobriza Metals.
Six of the fourteen drill holes at Arikepay have now returned long intervals of significant copper-gold-silver (highlighted in Table 1 below), all of which were stopped in mineralization. Highlights include:
- 142m of 0.51% Cu Eq* in hole RC-12-ARI-006
- 186m of 0.43% Cu Eq* in hole RC-12-ARI-011
- 292m of 0.39% Cu Eq* in hole RC-12-ARI-002
- 170m of 0.31% Cu Eq* in hole RC-12-ARI-013
- 146m of 0.31% Cu Eq* in hole RC-12-ARI-003, and
- 80m of 0.35% Cu Eq* in hole RC-12-ARI-005
With these results from holes RC-12-ARI-011 through 014, all results have now been received from the initial 14 hole drilling program at Arikepay. Results of these new holes and those previously reported (see CZA NR-004 & 005 dated July 3 and 12, 2012) are detailed in Table 1 below.
A map of all 14 drill hole locations from the Arikepay drill program is below, or can be downloaded from https://www.cobrizametals.com/CZANR007Map.pdf.
Cobriza has the goods!!!!
GMC