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| | Tue Jul 13, 2004
Exploration Update
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| | News Release 2004 Number 15
Amera Resources Corporation (AMS-TSX.V) is pleased to provide details of its ongoing exploration activities in North and South America. The Company is conducting several reconnaissance exploration programs and evaluating properties in the mineral rich districts of Peru, Nevada, and British Columbia and is also planning the next phase of drilling in Argentina. Ongoing exploration is outlined below by region.
Argentina
Amera's geologists are pleased with the progress after one round of drilling on the Mogote project and very encouraged by the strength and size of the Filo Central anomaly. As previously reported, a Phase I drill program on the Mogote copper-gold project was completed in April 2004. All four holes on the Filo Este target intersected continuous copper-gold mineralization over intervals ranging from 68 to 489 metres (see April 28, 2004 News Release) confirming the presence of a large copper-gold porphyry system.
Due to the encouraging results of the last work program, Amera has acquired 588 hectares, adjacent to Mogote in Chile, covering the extension of the north-northwest trending Filo Central and east-west trending Filo Este anomaly across the international border. The Filo Central anomaly is more than 3.5 kilometres long and up to 900 metres in width. Immediately along trend to the north of Filo Central, Tenke Mining Corporation has been actively exploring their Vicuna copper-gold project.
In addition to planning the next phase of drilling and surface work on the Mogote project, the Company has had several major and junior mining companies conduct property visits and express interest in strategic alliances for the continued exploration of Mogote.
Peru
Amera has commenced a generative exploration program in Cuzco Province of southern Peru under the supervision of Carlos Miranda. Mr. Miranda has extensive experience in Peru and is best known for his direct role in identifying Southwestern Resources Corp.'s Liam Gold-Silver Project located in Cuzco Province. This region will be Amera's initial exploration focus.
Nevada
The Company will shortly commence a reconnaissance generative exploration program in selected key mineral belts under the guidance of Steven K. Jones, M.Sc.. Mr. Jones has a long history of successful exploration work in Nevada, and during his career he has played a key role in several gold discoveries in the state.
Western Canada
The Company is continuing to review attractive gold and copper-gold projects in Canada, focusing on British Columbia and the Yukon. Amera's VP Exploration, David Terry, Ph.D., P.Geo. has extensive exploration experience in western Canada and served as a Regional Geologist with the British Columbia Ministry of Energy and Mines prior to joining Amera.
Amera is leveraging its extensive contact network and is actively negotiating for the acquisition of additional properties in the Americas. The Company is committed to growth and added shareholder value through gold and precious metal-rich polymetallic discoveries.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
Mr. Nikolaos Cacos, President & CEO
For further information please contact Nikolaos Cacos, President & CEO, at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email info@ameraresources.com, 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. |
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