Apoquindo Minerals Inc.
TSX VENTURE : AQM

Apoquindo Minerals Inc.

April 06, 2010 10:55 ET

Apoquindo Minerals Intersects 380m of 0.62% Cu and 0.11 g/t Au Including 104m of 1.17% Cu and 0.11 g/t Au at ZAFRANAL

- Hole ZFDDH10-18 intersects 380m (89-469m) of 0.62% Cu & 0.11 g/t Au, including 104m of 1.17% Cu & 0.11 g/t Au, high grade zone remains open to the north

- Hole ZFDDH-20 intersects 85.5m (63.5-149m) of 1.23% Cu & 0.07 g/t Au, including 20.5m of 1.51% Cu & 0.09 g/t Au, showing high-grade chalcocite blanket remains open along strike to the west and occurs at shallower depths below surface in that direction

- Hole ZFDDH10-19 intersects 145m (26-171m) of 1.21% Cu & 0.10 g/t Au, including 90m (70-161m) of 1.68% Cu & 0.09 g/t Au, high grade copper remains open to south

- Drilling continues with $40M cash on hand

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2010) - Apoquindo Minerals Inc. (TSX VENTURE:AQM) ("Apoquindo" or "the Company") through its wholly owned Peruvian subsidiary, Minera KoriTambo SAC ("KoriTambo"), announces continuing positive 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 March has focused on a 2km 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 metres 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 6 RC holes and 6 diamond drill holes.

(See drill plan map: http://www.apoquindominerals.com/s/ZafranalDrillResults.asp)

Hole No. From To   Interval   Cu%   Au ppm
ZFDDH10-17 31.80 159   127.2   0.61   0.08
Incl. 34 60   26   0.91   0.11
ZFDDH10-18 88.65 469   380.35   0.62   0.11
Incl. 88.65 193   104.35   1.17   0.11
ZFDDH10-19* 26 171   145   1.21   0.10
Incl. 70.6 161   90.4   1.68   0.09
ZFDDH10-20 63.5 149   85.5   1.23   0.07
Incl. 63.5 106   42.5   1.38   0.08
Incl. 114.5 135   20.5   1.51   0.09
ZFDDH10-21 192 220   28   0.45   0.05
And 230.85 322   91.15   0.55   0.04
ZFDDH10-22* 47 154   107   1.09   0.07
Incl. 87 146   59   1.53   0.10
And 176 333   157   0.39   0.11
ZFRC10-57 20 44   24   0.29   n/a
ZFRC10-58 No Significant Results
ZFRC10-59 No Significant Results
ZFRC10-60 84 168   84   0.58   0.09
ZFRC10-61 148 163   15   0.26   0.02
ZFRC10-62 99 139   40   0.47   0.02
*Copper grade cut back to 5%          

Hole ZFDDH10-17 was drilled northwards from the same pad as previously reported ZFDDH10-14 (105m @ 1.16% Cu) showing that the Zafranal Main Zone remains open towards the north at its western side.

Holes ZFDDH10-19 and ZFDDH10-22 were drilled on the same section, 80 and 180 metres south of previously reported ZFDDH10-12 (144m @ 0.68% Cu), and show that high-grade copper mineralization also remains open towards the south.

Hole ZFDDH10-020 was a 100 metre step-out west of hole ZFDDH10-12. This hole shows that the high-grade chalcocite blanket at the Zafranal Main Zone remains open along strike to the west and occurs at shallower depths below surface in that direction. Further drilling is planned in the near future aimed at continuing to expand the zone westwards.

Hole ZFDDH10-18 was drilled 100 metres north of previously reported ZFDDH10-15 (63m @ 0.57% Cu) and shows that the high-grade copper mineralization extends further north than previously thought. This hole also intercepted excellent copper mineralization at greater depths than previously encountered.

Holes ZFRC10-57, ZFRC10-58 and ZFRC10-59 were drilled on the far eastern extension of the Zafranal Main Zone, where a strong geophysical anomaly was identified by an AMT (Audio Magneto Tellurics) survey conducted by the Company. Results indicate the presence of thin zones of secondary copper mineralization in the area.

Hole ZFRC10-60 was a twin hole of the Company´s previously reported diamond drillhole ZFDDH09-5 (92.5m @ 0.62% Cu). Copper grades are slightly higher in the diamond drill hole, suggesting that the Reverse Circulation drilling method may be under-reporting copper grades. All drilling by the Company within the central part of the Zafranal Main Zone is currently done with the diamond method.

The drilling to date has confirmed chalcocite mineralization for a 2,800 meter strike length at Zafranal and a zone of up to 600 meters wide and between 30 and 150 meters in thickness of chalcocite and chalcocite-chalcopyrite mixed zones.

Bruce Turner President states, "We are very pleased with our drilling results to date with a large percentage of the drill holes intersecting what we consider to be high grade copper mineralization. We continue to aggressively drill Zafranal and look forward to updating shareholders as the results are received."

KoriTambo can acquire an initial 51% interest in the Zafranal copper-gold porphyry project from Teck Cominco Peru S.A. ("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 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.

ON BEHALF OF THE BOARD OF DIRECTORS

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.

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.

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