Alturas Minerals Corp.

Alturas Minerals Corp.

December 13, 2007 11:32 ET

Alturas Highlights Exploration Progress in Peru

TORONTO, ONTARIO--(Marketwire - Dec. 13, 2007) - Alturas Minerals Corp. (the "Company") (TSX VENTURE:ALT) is pleased to provide an update on its diverse gold and base metal exploration projects in Peru.

Miguel Cardozo, President & CEO, commented, "In the last 20 months, since its inception in April 2006, Alturas has drilled a potentially economic gold mineralized body and defined additional drill targets at its Huilacollo project, and has advanced drilling in one of five anomalies within the copper-gold Utupara mineralized field. Additionally, Alturas plans to start drilling on three more projects (Banos del Indio, Huajoto and Sombrero) before mid-2008. Positive surface indications have also recently been identified at several other gold-silver and copper-gold projects that form the company's project pipeline. This rapid progress of Alturas is clearly favoured by the company having enough cash to cover our planned activities for the next 12 months and by the positive development of Peru, which remains an economic success story in South America".

Main projects are summarized in the table below:

Main commodities Future
and ownership Project Status Highlights Developments
Huilacollo - 3,200 meters - Coherent - Infill drilling
- Gold-Silver drilled mineralized required for
- Option for 100% at Cerro body outlined inferred resource
of tenure Andamarca in upper 80-100 category in Cerro
meters Andamarca.
- High-grade - Metallurgical
feeder zones column leach
flanked by test for follow
lower grade up
mineralization - Step out
- Gold occurs in drilling in
oxides reporting adjacent targets
recoveries from
bottle roll

Utupara - 2,044 meters - Initial drilling - Two drill rigs
- Copper-Gold drilled at in Cachorro Norte to continue
- 100% Alturas Cachorro Norte reported low grade drilling in
property as part of copper-gold Cachorro Sur
5,500 meter mineralization, breccia and
Phase 1 program - Additional drill high-grade
targets copper-gold
identified skarn and
gold veins

Banos del Indio - Drill targets - High grade - Environmental
- Gold-Silver identified gold-silver permit obtained
- 100% Alturas - Access and drill feeder veins - 3,600m drilling
property site identified planned
construction in the to start before
ongoing northern part end 2007
- Target is a
system replacing
porous units

Huajoto - Teck Cominco - Teck Cominco - Surface
- Gold-Silver-Zinc- Peru previously previously exploration to
Lead-Uranium-Rare drilled 1,218 intersected be completed
Earth metres in 6 zinc-lead by end 2007
- Alturas has an holes mineralization - Drilling plan
option to earn - Gold anomaly in planned
a 65% interest soils and rocks for Q2- 2008
in the property covering area of or earlier
from Teck Cominco 4km x 2km (weather
Peru - Strong 3km x 3km permitting)
uranium anomaly
defined in
coincides with

Sombrero - Geological - Northwest- - Detailed
- Copper-Gold- reconnaissance southeast exploration
Molybdenum and rock chip elongated zone of will be
- 100% Alturas sampling alteration 10km x accelerated with
property completed 3.5km identified the aim of
- Copper-gold- drilling targets
molybdenum- before mid-2008
skarn systems
reporting +1%
Cu and 1 gpt Au
from rock chips


For maps and sections showing exploration results for the various projects, please refer to the Company's website

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 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

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 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.

Contact Information

  • Alturas Minerals Corp.
    Miguel Cardozo
    President & Chief Executive Officer
    (416) 366-5555 (Toronto) or +51-1-475-1700 (Peru)
    Alturas Minerals Corp.
    Suite 820, 330 Bay Street
    Toronto, Ontario M5H 2S8