AQM Copper Inc.

AQM Copper Inc.

July 09, 2010 10:01 ET

AQM Copper Inc. Expands High-Grade Enrichment Zone Intercepting 188m of 0.73% Cu and 0.13 g/t Au

- Hole ZFDDH10-39 Intersects 188m (104M-292m) of 0.73% Cu and 0.13 g/t Au Expanding High-Grade Enriched Mineralization in Eastern Half of Main Zone

- Hole ZFDDH10-54 Intersects 135.4m of 0.63% Cu and 0.05 g/t Au

- Drilling Continues to Expand the Copper Mineralization Zone Further West Than Previously Recognized

- High Grade and Main Zone Remain Open in Numerous Directions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2010) - AQM Copper Inc. (TSX VENTURE:AQM)(BVLAC:AQM) ("AQM" or "the Company") 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.

Today, the company reports drill results from 12 diamond drill holes. (View AQM's drill plan map).

Hole No. From To Interval Cu% Au ppm
ZFDDH10-39 104 292 188 0.73 0.13
  Incl. 124 144 20 1.37 0.09
  Incl. 190 240 50 1.19 0.19
  And 318 410 92 0.29 0.06
ZFDDH10-52 36.7 59 22.3 0.49 0.01
ZFDDH10-53 85.75 119 33.25 0.78 0.04
  And 151.85 196 44.15 0.43 0.09
ZFDDH10-54 46 181.4 135.4 0.63 0.05
ZFDDH10-55 64.9 110 45.1 0.81 0.03
  And 142 164 22 0.27 0.02
ZFDDH10-56 284 443.6 159.6 0.28 0.06
ZFDDH10-57 104 169 65 0.72 0.03
ZFDDH10-58 22.55 59 36.45 0.24 <0.01
ZFDDH10-59 95.5 144 48.5 0.42 0.01
  And 160 184 24 0.54 0.01
  And 190 204 14 0.31 0.02
ZFDDH10-60 114 165 51 0.32 0.01
ZFDDH10-61 112 190 78 0.58 0.08
  Incl. 156 180 24 1.02 0.07
ZFDDH10-62 68 84 16 0.36 0.02
  And 111 141 30 0.28 0.02

Hole ZFDDH10-39 was drilled 80 metres south of previously reported drill hole ZFDDH10-25 (132m @ 0.42% Cu) and 100 metres east of previously reported drill hole ZFRC10-53 (114m @ 0.58% Cu). The results from this hole confirm the presence of high-grade enriched copper mineralization as well as significant hypogene mineralization in the eastern half of the Main Zone.

Drilling continues to expand the zone of known copper mineralization further to the west than previously recognized. Hole ZFDDH10-52 was drilled southwards 70 metres south of previously reported drill hole ZFDDH10-49 (36m @ 0.49% Cu) along section 793100. Hole ZFDDH10-55 was drilled northwards from the same pad as ZFDDH10-49. Hole ZFDDH10-59 was drilled southwards from 140 metres north of ZFDDH10-55. Along section 793000E, hole ZFDDH10-58 was drilled 100 metres southwest of drill hole ZFDDH10-49 and hole ZFDDH10-60 was drilled 100 metres southwest of drill hole ZFDDH10-59.

Hole ZFDDH10-62 was drilled 100 metres northwest of drill hole ZFDDH10-52 along section 792900E and represents the westernmost drill hole reported to date.

Hole ZFDDH10-54 was drilled westwards from the same pad as previously reported drill hole ZFDDH10-31 (127m @ 0.56% Cu). Similarly, drill hole ZFDDH10-57 was drilled westwards from the same pad as previously reported drill hole ZFDDH10-45 (54m @ 1.02% Cu). Both of these holes were aimed at testing the true thickness of a north-south post-mineral dyke cross-cutting the mineralized zone, as well as testing the continuity of mineralization up against the dyke.
Hole ZFDDH10-56 was drilled 80 metres north of previously reported drill hole ZFDDH10-46 (358.8m @ 0.70% Cu) and shows that the mineralization remains open to the north. Hole ZFDDH10-61 was drilled 80 metres south of previously reported drill hole ZFDDH10-51 (225m @ 0.53% Cu) along the same section (794700E), leaving the zone open towards the south.

Drilling through June 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.

AQM is the operator of a 50/50 JV with Teck Resources Limited through a sole purpose Peruvian company being formed for the Zafranal Project, as announced in its press release dated July 8, 2010.

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 AQM Peru, the Company's Qualified Person for the purposes of NI 43-101, has approved the information contained in this news release.

To view the map, Zafranal 2010 Drilling Results, associated with this press release, please visit the following link:


Bruce Turner, President and CEO

ABOUT AQM: AQM Copper Inc.(formerly Apoquindo Minerals) is a Canadian based mineral exploration company developing copper deposits in South America. Through its wholly owned Peruvian subsidiary, Minera AQM Peru 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 the Company's website for further information regarding the Company and its projects.


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