Alturas Minerals Corp.
TSX VENTURE : ALT

Alturas Minerals Corp.

November 07, 2007 16:50 ET

Alturas Reports Partial Drilling Results From the Utupara Copper-Gold Project, Southern Peru

TORONTO, ONTARIO--(Marketwire - Nov. 7, 2007) - Alturas Minerals Corp. (the "Company") (TSX VENTURE:ALT) today reported drilling results from the Cachorro Norte target within its 100% owned Utupara copper-gold project in southern Peru, including a section grading 0.25% copper and 0.30 grams/tonne gold over 59.1 meters in drill hole UTU-06.

Miguel Cardozo, President & CEO, commented "Utupara is a very large copper-gold mineralized district and commonly within these alkalic intrusive systems the higher grade copper-gold zones occur in higher grade breccia pipes. Drill results from Cachorro Norte are encouraging and show that higher grade and more consistent copper and gold values are confined to breccia bodies within the north-south trending "Cachorro Corridor", a belt of strong alteration, brecciation and surface geochemical anomalism approximately 300 to 500 meters wide and greater than 1,500 meters long. We have now moved drilling southwards along the same mineralized corridor to the Cachorro Sur target, which is the second of five drill targets that will receive first pass testing during the current 5,500 meter drilling program".

Alturas has also identified a large zone of skarn mineralization exposed over 2 x 1 kilometers (Cerro Anasino targets) which is currently being prepared for drilling and an historic gold zone which is also being configured for drill testing as part of this program.

For maps and sections showing exploration results for the Utupara project, please refer to the Company's website www.alturasminerals.com/utupara_4.htm.

Cachorro Norte results

At Cachorro Norte the Company has completed eight widely spaced drill holes, for a total of 2,044 meters, over some 500 meters of strike length. All eight drill holes intersected disseminated low grade mineralization over wide intervals extending up to 410 meters, with several tens of meter intervals of higher copper and gold grades (greater than 0.25 % copper and 0.10 grams/tonne gold) within intrusive breccias within the Cachorro Corridor. This corridor is clearly geophysically characterized by low resistivity, and moderate to high chargeability. Drill holes that were directed outside the Cachorro Corridor (i.e. UTU-03, 04, 05) were designed instead to test both magnetic and resistivity highs, and intersected lower copper and gold grades in potassically altered dioritic intrusives, as summarized below:



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Drill Hole From (m) To (m) Length (m) Cu wt. av.(%) Au wt. av. (g/t)
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UTU-01 0.00 410.00 410.00 0.11 0.02
"including 368.00 390.00 22.00 0.28 0.04
"including 401.20 406.00 4.80 0.35 0.06
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UTU-02 0.00 248.00 248.00 0.11 0.12
"including 18.00 36.00 18.00 0.37 0.15
"including 36.00 84.00 48.00 0.04 0.35
"including 84.00 104.00 20.00 0.33 0.16
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248.00 300.00 52.00 assays pending assays pending
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UTU-03 0.00 209.30 209.30 0.07 0.02
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UTU-04 0.00 212.00 212.00 0.07 0.03
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UTU-05 0.00 313.70 313.70 0.05 0.03
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313.70 401.20 87.50 assays pending assays pending
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UTU-06 0.00 362.20 362.20 0.10 0.07
"including 55.40 114.50 59.10 0.25 0.30
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UTU-08 0.00 39.90 39.90 0.13 0.12
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39.90 149.40 109.50 0.06 0.04
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Cachorro Sur drilling target

Drilling is currently underway at Cachorro Sur, which is the southern continuation of the Cachorro Corridor, and comprises greater than 1,000 meters strike length of altered intrusive breccias hosting numerous copper and gold showings. The Company has programmed 1,150 meters of Phase 1 drilling at Cachorro Sur.

About Alturas's QA/QC Procedures

Strict sample integrity is maintained throughout the geochemical sampling program. The bagged samples are transported by Alturas staff to the city of Abancay in Southern Peru where they are shipped directly to Inspectorate Services Peru SAC Labs in Lima. Inspectorate is an ISO 9001:2000 certified laboratory that is preparing for ISO 17025 accreditation. At the Inspectorate's Lima facility, all samples are dried then crushed to 90% -10 mesh (less than 2mm) size; then riffle split to obtain an approximately 200 gram subsample. The subsample is further crushed to 95% -200 mesh (less than 75 microns) to obtain a 100 gram split ready for analysis. All samples are routinely assayed for gold by conventional fire-assay methods at Inspectorate's Lima facility, and for 34 additional elements (including silver, copper, lead, zinc) using aqua regia acid digestion followed by Inductively Coupled Plasma-Atomic Emission Spectroscopy ("ICP-AES") analysis.

Alturas follows a rigorous QC/QA program, including routine insertion of standards and blanks as well as assay of duplicate samples at other independent laboratories. Certified standards, of known gold grade are inserted "blind" every 20th sample as an independent check on assay accuracy.

About Alturas Minerals Corp.

Alturas is a Canadian corporation, and is the parent of Alturas Minerals S.A. ("Alturas Peru"). Alturas Peru has been actively exploring various mineral projects in Peru since January 2004. The principal assets of Alturas are four mineral exploration projects located in southern Peru, being the Huilacollo Gold Project, the Banos del Indio Gold Project, the Utupara Copper-Gold Project and the Huajoto Gold-Silver-Zinc Project. In addition, Alturas Peru has interests in fourteen other exploration projects in Peru. Alturas' exploration strategy is focused on the discovery of large epithermal gold mineralized deposits and copper-gold porphyry/skarn deposits. For further information, please visit the Company's website at www.alturasminerals.com.

As required by the National Instrument 43-101, Alturas's designated Qualified Person for the supervision of exploration of the projects is Dr. Paul Pearson, F. AUSIMM, Vice President-Exploration of the Company, who has verified the technical information reported in this News Release.

Should you wish to receive Company news via email, please email contact@alturasminerals.com and specify "Alturas News" in the subject line.

Cautionary Language and Forward Looking Statements

This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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