Guerrero Exploration Inc.
TSX VENTURE : GEX

Guerrero Exploration Inc.

March 28, 2011 05:00 ET

Guerrero Provides Progress Report on the Cerro Azul Property, Guerrero, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2011) - Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX VENTURE:GEX) is pleased to provide a progress report on the Cerro Azul property, Guerrero, Mexico.

The 2011 field exploration program at the Cerro Azul property commenced in February, consisting of geologic mapping and rock / soil sampling of two target areas; a group of targets located in the south half part of the concession called San Marcos-Loma Coyote-Las Parotas and Piedrillo-Cerro Azul and Tinoco, in the northernmost part of the concession.

Both target areas were visited at the beginning of the current field work program and a decision was taken to start the exploration program at the group of targets located in the south half part of Cerro Azul property.

To date 1,500 soils and 94 rock samples have been collected at this target. From the total samples collected, 1,122 soils and 77 rock samples have been submitted to the lab, though assay results have not yet been received. Several hand specimen sized samples have also been taken to be analyzed with a Terraspec handheld multi-spectral scanner as well as to get some polished sections to show the mineralization / alteration features present at Cerro Azul property and assist with the mapping.

To date, about 95% of the area proposed for soils sampling has been completed and about 65% of the proposed area has been mapped at the southern group of targets.

The next step is to complete the mapping / sampling of the southern part of Cerro Azul property and start the mapping and soils-rock sampling at Tinoco target.

Pending assay results should identify anomalies that require follow up trenching and an IP survey to better define drill targets.

David Stadnyk, President & CEO of Guerrero Exploration Inc., stated, "With our exploration model, the Cerro Azul property should begin to demonstrate the potential to find and build near surface resources on the property through our inital geologic mapping and rock/soil sampling of our two target area. We will continue to provide updates as developments occur in the coming weeks."

Assaying and Qualified Person:

Samples were taken to Hermosillo, Mexico where ALS Laboratory Group's mineral division ALS Chemex crushed and pulverized each sample. The rejects remained with ALS Chemex while the pulps were transported to ALS Chemex's ISO 9001-2008 certified laboratory in North Vancouver, BC, Canada for analysis. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Duplicate, standard and blank samples were randomly inserted into the sample stream prior to being sent to the laboratory.

The scientific and technical data contained in this press release was prepared under the supervision of Troy Gill, BSc (Geol.)., a member of the Australian Institute of Geoscientists, who acts as a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Guerrero Exploration Inc.

Guerrero Exploration Inc. is committed to a long term business strategy designed to achieve optimal levels of profitability and shareholder value. Guerrero Exploration Inc. is a Canadian based exploration mining company with a focus on the high yielding Mexican copper, gold and silver mining area known as the Guerrero Gold Belt and the Sierra Madre Occidental Belt. The Corporation's common shares trade on the TSX Venture Exchange under the symbol "GEX".

Advisory

Certain statements and information contained in this press release, including but not limited to management's assessment of Guerrero's future plans and operations, geological results and proposed exploration plans contain forward-looking statements. In particular, this press release contains statements concerning the anticipated completion and review of exploration programs and assays. All statements other than statements of historical fact may be forward looking statements. These statements, by their nature, are subject to numerous risks and uncertainties, some of which are beyond Guerrero's control including the effect of general economic conditions, industry conditions, changes in regulatory and taxation regimes, volatility of commodity prices, escalation of operating and capital costs, currency fluctuations, the availability of services, imprecision of reserve estimates, geological, technical, drilling and processing risks, environmental risks, weather, the lack of availability of qualified personnel or management, stock market volatility, the ability to access sufficient capital from internal and external sources and competition from other industry participants for, among other things, capital, services, acquisitions of reserves, undeveloped lands and skilled personnel that may cause actual results or events to differ materially from those anticipated in the forward looking statements. Such forward-looking statements, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated in the statements made and should not unduly be relied on. These statements speak only as of the date of this press release. Guerrero does not intend and does not assume any obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Guerrero's business is subject to various risks that are discussed in its filings on the System for Electronic Document Analysis and Retrieval (SEDAR).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Guerrero Exploration Inc.
    David Stadnyk
    President and Chief Executive Officer
    604.685.0088 Ext. 229
    or
    Guerrero Exploration Inc.
    Investor Relations
    604.685.0088 Ext. 228
    info@grxpl.com