Monster Copper Corporation
TSX VENTURE : MNS

Monster Copper Corporation

January 15, 2007 14:43 ET

Monster Copper Corporation: Project Update on Copper-Gold Properties in Carajas, Brazil

RICHMOND HILL, ONTARIO--(CCNMatthews - Jan. 15, 2007) - Monster Copper Corp. (TSX VENTURE:MNS) is pleased to provide an update on its Copper-Gold properties located in the Carajas Mineral Province of northern Brazil and under option from Xstrata Copper, (formerly Falconbridge Ltd.). The next phase of work includes VTEM surveys over the Aquiri and Rio Vermelho properties as well as IP and soil geochemistry on the Sao Felix property with the aim of generating drill targets.

WORK PLANNED FOR EARLY 2007

Aquiri property

A 300 line-kilometre VTEM survey is planned to cover the Aquiri property, along with infill soil geochemistry and geological mapping. This work follows up on work carried out in 2006 in which soil geochemical results defined an anomalous east-west trend over 3 widely spaced lines (1300 and 1700 metre spacing) for a total strike length of 3000 metres, open to the east and west. The anomaly is 500-1000 metres wide and consists of anomalous Cu (100 - 534 ppm) with coincident anomalous gold, phosphorous and cobalt, consistent with an IOCG signature.

Rio Vermelho property

A 450 line-kilometre VTEM survey is planned to cover the Rio Vermelho property where several zones of IOCG alteration have been defined by previous work. Drilling of one of the alteration zones in 2004 produced an intercept of 23 metres grading 0.79% Cu.

Sao Felix property

A total of 12.5 line-kilometres of IP is planned to cover the southwestern portion of a previously outlined, four-kilometre long IOCG alteration zone containing hydrothermal magnetite, chlorite and biotite. Additional soil geochemistry is planned to produce an overall soil geochemical coverage of 100 metre spaced lines with 50 metre spaced samples over the entire alteration zone. Four holes were drilled by Monster Copper, with a best intersection of 18 metres grading 0.33% Cu.

Sereno property

On the Sereno property, gold in soil anomalies of up to 510 ppb have been defined on the edge of a laterite plateau. The geology and soil geochemistry is similar in setting to that at the Igarape Bahia gold mine, an IOCG gold deposit in highly weathered rocks. Additional soil geochemistry is planned, in order to provide targets for drilling later in 2007.

RESULTS OF DRILL PROGRAM, LATE 2006

Three holes were drilled in late 2006, one on the Agua Fria property and two on the Paredao property. Assay results from a late 2006 drill program have been received, with no significant mineralized intercepts.

Agua Fria property

One 300 metre hole was drilled to test a 1 km long VTEM conductor spatially associated with anomalous gold, copper, cobalt and phosphorous in soils. The hole intersected various phases of peridotite which account for the VTEM anomaly. An interval of 3.2 metres grading 386 ppm copper occurs within this zone. No further work is planned for this target.

Paredao property

On the Paredao property, two VTEM conductors were drill tested. The first, 251 metre hole, targeted a 1 km long VTEM anomaly coincident with a linear magnetic anomaly and with anomalous copper-in-soil values (up to 72 ppm over a background of 15 ppm). The VTEM anomaly was interpreted to be caused by graphite-rich units within foliated metasediments. The best intercept was 9 metres grading 596 ppm Cu. A second, 290 metre hole tested a 5 kilometre long VTEM anomaly and linear magnetic anomaly roughly parallel to the first anomaly, with similar anomalous copper-in-soil values. This hole encountered similar metasediments with interbedded graphitic units. No values in excess of 300 ppm Cu were intersected. No follow-up is planned for these targets.

Quality Assurance

All drill core from the recent program was logged and sampled at Xstrata's logging and sampling facility in Parauapebas, Brazil. Weathered samples were split with a core splitter and unweathered core was sawn. Half-core samples were sent to ALS Chemex's sample preparation facility in Parauapebas, and pulps were shipped to ALS Chemex's analytical laboratory in Vancouver, Canada. Gold was analyzed by fire assay, and other elements were subjected to a multi-acid digestion and then analyzed by ICP-AES. The Company and Xstrata employ a system of quality control for all assays, which includes the regular use of standards, blanks and check assaying. The drill program was carried out under the direction of Dr. Tom Setterfield, P.Geo., a Qualified Person under National Policy Instrument 43-101.

About the Carajas Region

The Carajas Mineral Province of northern Brazil is known for its major reserves and production of copper-gold, iron, manganese, nickel and bauxite. The area has good road access and exploration is year-round. Within the last ten years the region has seen the discovery and development of world-class copper-gold deposits belonging to the IOCG deposit type and the development of several laterite nickel deposits.

About Monster Copper Corporation

Monster Copper (www.monstercopper.com) is dedicated to the discovery of world-class IOCG copper-gold-uranium deposits with an experienced IOCG exploration team. In addition to the Brazilian property portfolio, Monster Copper is exploring its wholly-owned Aillik east property for uranium and has an agreement with Santoy Resources Ltd (TSX VENTURE:SAN) also exploring with a uranium focus on the Mustang Lake and Bruce River properties, in the Central Mineral Belt of Labrador.

MONSTER COPPER CORPORATION

Michael J. Downes, President, C.E.O. and Director

This news release may contain "forward-looking statements". These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements.

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

Contact Information

  • Monster Copper Corporation
    Michael J. Downes
    President, C.E.O. and Director
    (905) 780-8783
    (905) 780-8790 (FAX)
    or
    Monster Copper Corporation
    Rob Carriere
    Investor Relations
    (604) 687-3929
    Email: info@monstercopper.com
    Website: www.monstercopper.com