Stingray Copper Inc.
TSX : SRY
TSX : SRY.WT

Stingray Copper Inc.

October 11, 2007 11:32 ET

Stingray Continues to Define Copper at El Pilar

TORONTO, ONTARIO--(Marketwire - Oct. 11, 2007) - Peter Mordaunt, CEO and Chairman of Stingray Copper Inc. ("Stingray") (TSX:SRY)(TSX:SRY.WT) is pleased to report the results of 7 more drill holes from the El Pilar Copper Property located in Sonora, Mexico. Stingray's current drilling is designed to enhance the El Pilar inferred mineral resource of 180 million tonnes grading 0.37% total copper calculated at a cut off of 0.25% total copper (See News Release 2007-05).

The program of definition drilling is continuing with a third drill that has been added in the past two weeks. The drilling is methodically intersecting oxidized copper mineralization at El Pilar by drilling vertical holes to fill in the resource model at 100 meter centers along its length and across its width. The mineralization occurs in a flat lying to gently dipping horizon and copper intervals reflect approximate true widths. The drilling is also delimiting the margins of the resource as the drilling progresses from north to south along the east-west drill sections.



Table 1: Inferred Mineral Resource Fill In Drill Results
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Section Easting Hole From To Interval Grade
(m) (m) (m)(i) (Total Copper %)
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8900N 2100 S07-27 134 202.4(i) 68.4 0.32
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2200 S07-28 180 224 44 0.34
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8800N 1900 S07-33 82 186 104 0.40
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2100 S07-34 168 246 78 0.30
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or 198 246 48 0.35
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2300 S07-35 228 246 18 0.23
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8700N 1800 S07-40 86 114.5(ii) 28.5 0.30
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S07-40A 84 190 106 0.35
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(i)The drill hole ended in copper mineralization.
(ii)The drill hole was lost at this depth and subsequently redrilled.


Including these diamond drill holes, Stingray has now reported 37 holes, drilled on 6 drill sections, which are posted at the Company's website and a map of the hole locations can be found at the link below or at the Company's website;

http://www.stingraycopper.com/PressReleases/elpilar_drillingmap.pdf

Of the 7 holes reported above in Table 1, holes S07-27, 28, 33, 34, 40 and 40A continue to confirm the results of previous drill programs, demonstrating wide intercepts of oxidized copper mineralization. Drill hole S07-35 was drilled outside the known mineral resource to define the eastern limit of the mineralization on section 8800N.

Stingray is working to reclassify the inferred mineral resource and develop the El Pilar as an open pit, heap leach, solvent extraction-electrowinning (SX-EW) copper mine. The oxidized copper mineralization as reported may appear lower in percentage copper than reported by sulphide copper developers and miners, however the capital and operating costs of heap leach, SX-EW operations are significantly lower. Additionally, such SX-EW copper operations produce a cathode copper product and not an intermediate concentrate that must be treated by a smelter and refiner.

The Company is continuing an extensive, 25,000 meter fill in drill program at the El Pilar Copper Property where 3 drills are drilling HQ core. The purpose of this program is to reclassify the inferred mineral resource and to explore for additional resources in the immediate vicinity. All drill core samples are split by the Company's staff under the direction of the Company's geologists and are delivered for assaying to ALS Chemex, Hermosillo, Sonora, Mexico. The Company's program will incorporate significant metallurgical testing using drill core material obtained in the current drill program in preparation of a feasibility study for the El Pilar project.

Peter Mordaunt, P.Geo is the Qualified Person responsible for the technical content of this release.

Website: www.stingraycopper.com



TSX Symbol: Common Shares - "SRY" Issued: 58,725,982 common shares
Warrants - "SRY.WT" 20,850,000 warrants


Certain Statements presented herein may constitute "forward-looking statements". Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of metals and other known and unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business.



TSX Trading Symbol: Common Shares - "SRY" CUSIP Number 860838101
Warrants - "SRY.WT" CUSIP Number 860838119

Contact Information

  • Stingray Copper Inc.
    Steve Brunelle
    Vice President
    (416) 368-6240
    (416) 368-7141 (FAX)
    or
    Stingray Copper Inc.
    Peter Mordaunt
    CEO & Chairman
    (416) 368-6240
    (416) 368-7141 (FAX)
    Email: info@stingraycopper.com
    Website: www.stingraycopper.com