AQM Copper Inc.
TSX VENTURE : AQM
BVLAC : AQM

AQM Copper Inc.

November 15, 2010 09:21 ET

AQM Copper Inc. Intercepts 184m of 0.53% Cu and 0.07 g/t Au

- Hole ZFDDH10-118 intersects 184m of 0.53% Cu and 0.07 g/t Au

- Hole ZFDDH10-127 intersects 167m of 0.61% Cu and 0.10 g/t Au

- Zafranal Main Zone remains open to the north, south and at depths throughout various parts of the deposit.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2010) - AQM Copper Inc. (TSX VENTURE:AQM)(BVLAC:AQM) ("AQM" or "the Company") announces more positive drill results from the Zafranal project located in the northwestern extension of the Southern Peru Copper Porphyry Belt near the city of Arequipa.

Hole No.   From   To   Interval   Cu%   Au ppm
ZFDDH10-118   118   302   184   0.53   0.07
Incl.   128   182   54   1.08   0.07
ZFDDH10-119   82   120   38   0.47   0.02
ZFDDH10-120   No Significant Results
ZFDDH10-121   No Significant Results
ZFDDH10-122   97.7   130   32.3   0.29   0.02
And   148   166   18   0.39   0.09
And   202   218   16   0.24   0.07
And   276   332   56   0.22   0.05
ZFDDH10-123   98   142   44   0.35   0.10
ZFDDH10-124   376   414   38   0.26   0.03
And   443   514   71   0.28   0.04
ZFDDH10-125   119.4   186   66.6   0.45   0.05
And   364.6   524.1   159.5   0.27   0.07
And   562   594   32   0.42   0.77
And   656   664   8   0.87   1.87
ZFDDH10-126   136   146   10   0.31   0.02
ZFDDH10-127   44   211   167   0.61   0.10
Incl.   54   94   40   1.30   0.11
And   244.5   271.5   27   0.30   0.06
ZFDDH10-128   82   104   22   0.83   0.04
ZFDDH10-129   74.7   104   29.3   0.39   0.03
ZFDDH10-130   118   166   48   0.39   0.04
                     

"We are very pleased with the consistency of mineralization encountered at the Zafranal Main Zone. These ongoing results support the resource estimation work that is currently underway at Zafranal," states Bruce Turner, President & CEO.

Today, the company reports drill results from 13 diamond drill holes. (View AQM's drill plan map).

Drill holes ZFDDH10-119 and ZFDDH10-124 extend the known limits of copper mineralization further to the north than previously recognized. Of particular significance is the presence of copper mineralization in the northwestern portion of the deposit (ZFDDH10-119), where very little surface alteration is visible.

Some of the drill holes reported today are infill holes designed to get a better understanding of the geometry of the primary and secondary copper zones in view of the upcoming resource estimate. Holes ZFDDH10-122, ZFDD10-123, ZFDDH10-125, ZFDDH-127 and ZFDDH10-129 were all aimed at filling in areas where there was insufficient information at depth. Hole ZFDDH10-125 extends mineralization deeper than previously seen.

Holes ZFDDH10-120 and ZFDDH10-121 were drilled near the known limits of mineralization and have confirmed the extents of the Main Zone along their respective sections.

Holes ZFDDH10-118, ZFDDH10-126, ZFDDH10-128 and ZFDDH10-130 were all drilled near the southern extent of mineralization along their respective sections. All of these holes have intercepted significant mineralization that shows the zone remaining open towards the south.

Drilling through October has focused on a 2.4km 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 having now completed more than 63,000m of diamond and RC drilling this year. The Company plans to publish an NI43-101 compliant resource estimate in Q4. 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 on 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.

ON BEHALF OF THE BOARD OF DIRECTORS

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.

To view the figure associated with this press release, please visit the following link: http://file.marketwire.com/release/AQMfig1nov.JPG.

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