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| MPDP's Junin Group of Projects This group of properties comprises the Huari (4,000 ha), Ocoro (2,000 ha), Rosas Pampa (1,500 ha) and Cinta Verde (2,000 ha) claim groups. The Huari property is the most advanced MPDP project of the Junin group and is located immediately south of the Amera's Cocha claim block. MPDP has identified 20 sediment-hosted copper-silver showings on the property and has collected 280 rock samples. Four main zones of interest are identified: Puru Puru NW, Puru Puru SE, Llaulli, and Añas. Puru Puru NW, the most advanced prospect, hosts a mineralized zone extending over 200m in length and striking beneath soil cover, with widths between 15 and 30m. MPDP reports average assays of 1.2% Cu and 31 g/t Ag from the Puru Puru NW zone. The northern extension of the zone extends over 100m with widths ranging from 0.5m to 2m. The southern extension is soil covered and a copper in soil anomaly has been identified in the area. Four drill holes had been planned by MPDP to test the zone to 300m depth. Further south at Cinta Verde a resistant silicified and sericitized reddish conglomerate sandstone that varies in thickness from 0.5m to 2m has been traced continuously for 2km. MPDP reports that values from 5 rock samples range from 0.08% to 2.3% Cu. MPDP's Arequipa Group of Projects The Humaro property encompasses 1,600 ha in the Arequipa department of southern Peru. Previous work focused on the Humaro claim block where reconnaissance geologic mapping and rock sampling identified a zone with anomalous copper mineralization, mostly as oxides, over an area of 2 km by 0.4 km. Within this zone, veinlet mineralization hosted by andesite outcrops over an area of 500m by 400m. Values reported from MPDP rock samples grade up to 3.78% copper. The target is a buried copper porphyry stock beneath the copper mineralized veinlet system on surface. Summary Amera, through its subsidiary Amera Resources (BVI) Inc., entered into two option agreements with Minera Phelps Dodge del Peru S.A.C. ("MPDP"), an indirect subsidiary of Freeport-McMoRan Copper & Gold Inc., to earn up to a 70% undivided interest in six exploration properties in Peru. Four of these projects are located in the Junin and Huancavelica Departments, central Peru and one is located in the Arequipa Department of southern Peru. Click here to view Detailed Report |
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