VANCOUVER, BRITISH COLUMBIA, Nov 21, 2012 (Menafn – MARKETWIRE via COMTEX) –Guerrero Exploration Inc. (“Guerrero” or the “Corporation”) (tsxventure:GEX) is pleased to announce that the permitting applicationis underway with drilling scheduled to commence in early 2013 at itshigh-grade copper project at Cerro Azul in Guerrero State, Mexico,subject to permit approval and rig availability.
The 260 km2 copper-gold Cerro Azul Project is located in the Guerrerostate in the highly productive Southern Mexican Gold Belt.
As described in the Press Release dated May 26, 2011, a 5.3 km by 0.8km zone of rock chip and soil copper anomalism was delineated andpriority drill target areas have since been confirmed by an InducedPolarization (IP) geophysical survey. Copper values as high as 10% Cufrom rock chips and 1.8% Cu in soil samples are present.
The high-grade copper results have been found primarily within thesouthern portion of the Cerro Azul Project, include the Loma Coyote,La Minillas and Las Trojas target areas. A peripheral and paralleltrending coincident lead – zinc anomalous zone was observed in theLas Trojas – La Minillas area.
Geological mapping of the southern portion of Cerro Azul hasconfirmed the presence of extensive argillic alteration of andesitictuffs and subvolcanic intrusive and into sedimentary country rocksalong epithermal vein and breccias networks following local faults.Rock units previously interpreted as granodiorite intrusive have beenidentified as areas of argillic alteration and silicification. Theextent of the alteration and coincidence of geochemical anomalismobserved in the soil sampling supports the concept of Cerro Azulproperty representing a large zonated volcanic epithermal system.
David Stadnyk, President & CEO of Guerrero Exploration Inc., stated,”We are excited that we are near commencement of the drill program ofour flagship property. With all the preliminary work completed, welook forward to exploring the possible porphyry system which isexciting and encouraging for Guerrero.”
Assaying and Qualified Person:
Samples were taken to Hermosillo, Mexico where ALS Laboratory Group’smineral division ALS Chemex crushed and pulverized each sample. Therejects remained with ALS Chemex while the pulps were transported toALS Chemex’s ISO 9001-2008 certified laboratory in North Vancouver,BC, Canada for analysis. A QA/QC program was implemented as part ofthe sampling procedures for the exploration program. Duplicate,standard and blank samples were randomly inserted into the samplestream prior to being sent to the laboratory.
The scientific and technical data contained in this press release wasprepared under the supervision of Troy Gill, BSc (Geol.)., a memberof the Australian Institute of Geoscientists, who acts as a”qualified person” under National Instrument 43-101 Standards ofDisclosure for Mineral Projects.
About Guerrero Exploration Inc.
Guerrero Exploration Inc. is committed to a long term businessstrategy designed to achieve optimal levels of profitability andshareholder value. Guerrero Exploration Inc. is a Canadian basedexploration mining company with a focus on the high yielding Mexicancopper, gold and silver mining area known as the Southern Mexico GoldBelt. The Corporation’s common shares trade on the TSX VentureExchange under the symbol “GEX”.
Advisory
Certain statements and information contained in this press release,including but not limited to management’s assessment of Guerrero’sfuture plans and operations, geological results and proposedexploration plans contain forward-looking statements. In particular,this press release contains statements concerning the anticipatedcompletion and review of exploration programs and assays. Allstatements other than statements of historical fact may be forwardlooking statements. These statements, by their nature, are subject tonumerous risks and uncertainties, some of which are beyond Guerrero’scontrol including the effect of general economic conditions, industryconditions, changes in regulatory and taxation regimes, volatility ofcommodity prices, escalation of operating and capital costs, currencyfluctuations, the availability of services, imprecision of reserveestimates, geological, technical, drilling and processing risks,environmental risks, weather, the lack of availability of qualifiedpersonnel or management, stock market volatility, the ability toaccess sufficient capital from internal and external sources andcompetition from other industry participants for, among other things,capital, services, acquisitions of reserves, undeveloped lands andskilled personnel that may cause actual results or events to differmaterially from those anticipated in the forward looking statements.Such forward-looking statements, although considered reasonable bymanagement at the time of preparation, may prove to be incorrect andactual results may differ materially from those anticipated in thestatements made and should not unduly be relied on. These statementsspeak only as of the date of this press release. Guerrero does notintend and does not assume any obligation to update theseforward-looking statements, whether as a result of new information,future events or otherwise, except as required by applicable law.Guerrero’s business is subject to various risks that are discussed inits filings on the System for Electronic Document Analysis andRetrieval (SEDAR).
Neither the TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Guerrero Exploration Inc.
David Stadnyk
President and Chief Executive Officer
(604) 685-0088
Guerrero Exploration Inc.
Investor Relations
(604) 685-0088
[email protected]
www.grxpl.com
