Apoquindo Minerals Inc.

Apoquindo Minerals Inc.

February 18, 2010 08:54 ET

Apoquindo Intersects 177m of 0.74% Cu and 0.19 g/t Au From the Zafranal Copper-Gold Porphyry, Peru

- ZFDDH10-008 hole intersects 177m (74-251m) of 0.74% Cu & 0.19g/t Au, including 66.5m (114.5- 181m) of 1.31% Cu & 0.25g/t Au.

- ZFDDH10-08 and ZFDDH10-09 demonstrate an increase in grade in comparison with the previous RC drilling in the deeper portions of the zone.

- Drilling continues to test the east, west and southern extensions and depth potential of the main zone.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 18, 2010) - Apoquindo Minerals Inc. (TSX VENTURE:AQM) ("Apoquindo" or "the Company") through its wholly owned Peruvian subsidiary, Minera KoriTambo SAC ("KoriTambo"), announces more exceptional drill results from the Zafranal project located in the northwestern extension of the Southern Peru Copper Porphyry Belt near the city of Arequipa.

Drilling through early February has focused on a 1.2 km long segment of the 3.5+ km east–west trending intensely mineralized Main Zone; one of six porphyry copper-gold targets within the Zafranal project. The Company continues an aggressive drill program at Zafranal with the plan to drill 40,000 meters that will include grid drilling the Main Zone, testing of the east and west extensions of the Main Zone, deep drilling on the Main Zone, and testing several of the satellite targets during 2010.

Today, the Company reports the drill results from 5 RC holes and 2 diamond drill holes.

See drill plan map


Hole N. From To Interval Cu% Au ppm
ZFRC10-040 No significant Results
ZFRC10-043 213 354 141m 0.69 0.06
  Incl. 220 278 58m 1.02 0.09
ZFRC10-044 219 316 97m 0.78 0.10
  Incl. 249 293 44m 1.13 0.12
ZFRC10-045 132 157 25m 1.09 0.10
  And 188 314 126m 0.41 0.04
ZFRC10-046 151 221 70m 0.36 0.04
ZFDDH10-008 74 251 177m 0.74 0.19
  Incl. 114.5 181 66.5m 1.31 0.25
ZFDDH10-009** 174 230 56m 0.90 0.08
  Incl. 176.45 206.50 30.05m 1.34 0.09
  And 264 425.10 161.1m 0.32 0.10
*  0.2% Cu cut-off, minimum 6 metre interval
**  Hole ended in > 0.2%Cu mineralization.

Hole ZFDDH10-08 was a core drill hole which twinned Teck Cominco Peru S.A.'s ("Teck's") RC hole ZFRC04-007, along section 793500E. Using a 0.2% Cu cut-off grade, the Teck hole ZFRC04-007 yielded 132m (58-190m) @ 0.77% Cu & 0.25g/t Au, including 42m (124-166m) @ 1.46% Cu & 0.24g/t Au. The 2010 Apoquindo twin hole intersected 177m (74–251m) of 0.74% Cu & 0.19g/t Au, including 66.5 meters (114.5– 181m) of 1.31% Cu & 0.25g/t Au.

Hole ZFDDH10-09 was a core drill hole which twinned Teck´s RC hole ZFRC04-010. Along section 794500E. The Teck hole ZFRC04-010 yielded 110m (158-268m) @ 0.58% Cu & 0.06g/t Au, including 34m (170-204m) @ 0.96% Cu & 0.06g/t Au. The 2010 Apoquindo twin hole intersected 56m (174-230m) @ 0.90% Cu & 0.08g/t Au and 161.10m (264-425.10m) @ 0.32% Cu and 0.10g/t Au. This hole ended in mineralization.

Core holes ZFDDH10-08 and ZFDDH10-09 increased the width of mineralized intercepts at a 0.2% cut-off in comparison with the previous RC drilling. Three diamond core rigs, and one RC rig are currently drilling on the property along the 3.5km+ strike length of the elongated porphyry copper-gold system. To date, 20 RC holes and 10 diamond drill holes have been drilled, 13 RC holes and 4 diamond drill holes have been reported by Apoquindo with only one RC hole (ZFRC10-040) not intersecting significant mineralization. Drilling continues and results will be reported as they are received from the laboratory.

KoriTambo can acquire an initial 51% interest in the Zafranal copper-gold porphyry project from Teck, subject to Teck's right to earn-back to a 60% interest. The agreement also provides options for KoriTambo to increase its interest to 60% and to 100% if Teck does not exercise its earn-back in right.

The Company has established a rigorous QA/QC program at Zafranal which includes the insertion of blanks, duplicates and certified standards into the sample stream. Core is photographed on site and subsequently sawed in half, with one half sent for analysis and the other half stored for future reference and assay verification. RC chips are split twice on site using a riffle splitter, with 25% of the sample being sent to the laboratory for assay and the rest stored for future verification purposes. All Zafranal samples are shipped to ALS Chemex´s sample preparation facility in the city of Arequipa, where they are crushed and pulverized. Prepared samples are shipped to ALS Chemex´s certified laboratory in Lima where they are analysed for gold, copper and multi-element ICP.

Dr. Tom Henricksen, consultant geologist of the Company and Chief Geologist for Minera KoriTambo, the Company's Qualified Person for the purposes of NI 43-101, has approved the information contained in this news release.


Bruce Turner, President and CEO

ABOUT APOQUINDO: The Company is a Canadian based mineral exploration company whose principal purpose is the acquisition and development of base metal deposits in South America. Through its wholly owned Peruvian subsidiary, Minera Koritambo SAC, the company is developing the Zafranal Copper-Gold Porphyry Project located in the Southern Peru Cu-Porphyry Belt. Please refer to www.apoquindominerals.com for further information regarding the Company and its projects.

Management and directors have extensive experience working for the world's largest mining companies as well as several junior exploration companies. Apoquindo Minerals has offices in Santiago, Chile, Lima, Peru and Vancouver, Canada.


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