Apoquindo Minerals Inc.
TSX VENTURE : AQM
BVLAC : AQM

Apoquindo Minerals Inc.

May 19, 2010 14:46 ET

Apoquindo Minerals Intersects 66m of 1.03% Cu at Zafranal

- Hole ZFDDH10-42 intersects 66m of 1.03% Cu¸ including 43m of 1.34% Cu

- Hole ZFRC10-68 intersects 132m of 0.92% Cu & 0.11 g/t Au¸ including 33m of 1.36% Cu

- Results demonstrate deposit remains open to the North, East and West and at Depth

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2010) - Apoquindo Minerals Inc. (TSX VENTURE:AQM)(BVLAC: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.

Since January, the company has drilled 44 RC and 48 DDH holes totaling 30,100 meters over a strike length of over 3,500 m. Results to date suggest the deposit remains opens to the North, East, West and at depth.

Hole No. From To Interval Cu% Au ppm
ZFDDH10-33 146 220 74 0.38 0.09
And 241 286.7 45.7 0.29 0.07
And 386 484 98 0.29 0.11
ZFDDH10-41 156.75 182 25.25 0.37 0.06
And 196 256 60 0.76 0.07
And 276 316 40 0.35 0.08
And 373.45 434 60.55 0.36 0.07
ZFDDH10-42 51 117 66 1.03 0.09
Incl. 71.5 115.2 43.7 1.34 0.09
ZFRC10-67   No Significant Results       
ZFRC10-68 130 262 132 0.92 0.11
Incl. 138 171 33 1.36 0.11
And 307 349 42 0.67 0.05
ZFRC10-69   No Significant Results       

Today, the company reports drill results from 3 RC holes and 3 diamond drill holes. 69 holes of the 92 holes have been announced with further drill results pending. (Click to view drill plan map.)

Hole ZFDDH10-33 was drilled 100 metres east of previously reported drill holes ZFRC10-42 (99m @ 0.58% Cu) and ZFRC10-49 (45m @ 0.51% Cu).

Hole ZFDDH10-41 was drilled 80 metres north of previously reported drill hole ZFDDH10-13 (71m @ 1.78% Cu) and shows that the Zafranal Main Zone remains open towards the north along this section.

Hole ZFDDH10-42 was drilled 70 metres north of previously reported drill hole ZFDDH10-7 (118m @ 1.00 % Cu) and 100 metres east of previously reported drill hole ZFDDH10-40 (146.2m @ 0.52% Cu).

Holes ZFRC10-67 and ZFRC10-69 were drilled along section 793300, 170m south and north respectively of the southernmost and northernmost mineralized holes along this section.

Hole ZFRC10-68 is a twin hole of Teck Cominco Peru S.A.'s ("Teck") drill hole ZFRC04-8, drilled during their 2004 drilling campaign. The results show an increase in grade in the Apoquindo drill hole, both in the lower and higher-grade zones. Below is a table comparing results from these two holes:

  ZFRC10-68 ZFRC04-8
Interval 130-262 (132m) 110-278 (168m)
Cu%  0.92% 0.78%
Au g/t 0.11 0.10
Interval 138-171 (33m) 134-186 (52m)
Cu%  1.36% 1.28%
Au g/t 0.11 0.20
Interval  307-349 (42m) 304-342 (38m)
Cu%  0.67% 0.56%
Au g/t  0.05 0.11

Drilling through May 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.

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: Apoquindo Minerals is a Canadian based mineral exploration company developing copper 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 Southern Peru. Management and directors have extensive experience working for the world's largest mining Copper producers. Please refer to them Company's website for further information regarding the Company and its projects.

To view the 2010 Zafranal Drill Program Map, please visit the following link: http://media3.marketwire.com/docs/Zafranal_Drill_%20Project_Map.pdf.

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