Amera Resources Corporation

Amera Resources Corporation

September 07, 2005 03:00 ET

Amera Discovers Additional High Grade Gold on Cruz de Mayo Property, Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2005) - Amera Resources Corporation (TSX VENTURE:AMS)(FWB:OAY)(WKN A0B54E) is pleased to provide an update on surface rock sampling for its 3,000 hectare road-accessible Cruz de Mayo gold-copper project in southern Cuzco Department, Peru. The property is located in a mining district known for both epithermal gold and porphyry copper deposits. The high-profile Liam epithermal gold project of Newmont Peru Limited/Southwestern Resources Corp. is located 50km to the southwest while BHP Billiton's Tintaya copper-gold-silver deposit is located 60km to the southeast. Amera is the first company to systematically use modern exploration techniques on this project.

Fatima Gold Target

Fatima is a bulk tonnage target with potential for bonanza-grade veins as it comprises multiple higher-grade gold bearing shears and veins enveloped by lower-grade material. The zone occurs in a northwesterly-oriented trend of alteration and veining which is at least 1.2 kilometres in length and up to 600 metres wide. Within this target area, historical mining activity is evident in a series of trenches and dams that were used in a placer operation to wash gold from the bedrock. The structures are strongly oxidized at surface and all sulphide minerals have been leached. Results reported in the table below were collected within an area measuring 550m by 450m (To view Map 1: Cruz de Mayo Au-Cu Project, Department of Cuzco, Peru please click on the following link:

Table 1: Fatima Zone Sample Results

Sample Sample Trench (T) Au Ag Pb Cu
Zone Type (m) Panel (P) (g/t) (g/t) (%) (%)

Fatima Zone Chip(i) 1.0m FZ-T1 14.35 43.9 0.20 0.05
Fatima Zone Chip 0.5m FZ-T2 8.36 12.1 0.02 0.06
Fatima Zone Chip 8.5m FZ-T3 2.90 11.7 0.09 0.08
including 0.2m 24.80 143.0 0.08 0.52
including 3.6m 4.69 17.3 0.05 0.14
Fatima Zone Chip 8.0m FZ-T4 0.91 25.6 0.54 0.07
Fatima Zone Chip 6.0m FZ-T5 0.42 20.0 0.26 0.02
Fatima Zone Chip 10.0m FZ-T6 0.35 1.4 0.03 0.04
Fatima Zone Chip 14.0m FZ-T7 0.29 2.8 0.13 0.03
Fatima Zone Chip 9.0m FZ-T8 0.17 9.5 0.42 0.15
Fatima Zone Chip 7.0m FZ-T9 0.14 1.3 0.11 0.02
Fatima Zone Panel 10.0x
20.0m FZ-P1 1.86 14.0 0.02 0.05
Fatima Zone Panel 10.0x
20.0m FZ-P2 0.43 8.0 0.01 0.09
Fatima Zone Composite 1m
grab compo-
grab FZ-G1 5.19 18.5 0.19 0.21

(i) Previously released

Central Zone Porphyry Copper-Gold Target

The Central Zone bulk-tonnage porphyry Cu-Au target is located in the south-central part of the property. Malachite-stained copper-bearing sandstone has been mapped over an area of approximately 300 metres by 700 metres. Several gold-bearing shears which cut the copper-bearing sandstone were historically mined for gold in this area. Sample results reported below were collected from outcrops and historical trenches within a surface area measuring 300m by 500m (To view Map 1: Cruz de Mayo Au-Cu Project, Department of Cuzco, Peru please click on the following link:

Table 2: Central Zone Sample Results

Sample Sample Trench (T) Au Cu
Zone Type (m) Panel (P) (g/t) (%)

Central Zone Chip 23.0m CZ-T1 0.07 0.28
Central Zone Panel 5.0x5.0m CZ-P1 2.87 0.02
Central Zone Panel 5.0x5.0m CZ-P2 0.01 1.81
Central Zone Panel 10.0x10.0m CZ-P3 0.32 0.12
Central Zone Panel 1.0x3.0m CZ-P4 0.51 0.10
Central Zone Composite grab over 5.0m CZ-G1 0.77 0.15
Central Zone Composite grab over 5.0m CZ-G2 0.39 0.15
Central Zone Composite grab over 5.0m CZ-G3 0.59 0.22
Central Zone Composite grab over 5.0m CZ-G4 0.78 0.12

Preparations are underway to carry out soil auger geochemical surveys over the areas of the Fatima and Central zones to identify extensions and buried anomalous areas for trenching and subsequent drill testing. Simultaneously a program of detailed geological and structural mapping and further rock sampling will be carried out over the mineralized zones to delineate controls to mineralization. As well a systematic evaluation of the unexplored southwest and northern part of the property will be carried out.

Analyses for the samples reported herein were performed by ALS Chemex Laboratories, an internationally recognized assay service provider, in Lima, Peru and North Vancouver, Canada. Work reported on in this released was carried out under the direction of Piotr Lutynski, M.Sc., P.Eng. The technical information contained in this release has been reviewed by Dr. David A. Terry, P.Geo., Vice President Exploration for Amera, a Qualified Person as defined in National Instrument 43-101.


Mr. Nikolaos Cacos, President & CEO

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

2005 Number 18

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