Monster Copper Corporation
TSX VENTURE : MNS

Monster Copper Corporation

April 11, 2007 12:37 ET

Monster Copper Corporation: Drilling Commenced on Carapana Nickel Laterite Target, Carajas, Brazil

RICHMOND HILL, ONTARIO--(CCNMatthews - April 11, 2007) - Monster Copper Corporation (TSX VENTURE:MNS) is pleased to announce that drilling has started on the Carapana nickel laterite target, located in the Carajas Mineral Province of northern Brazil. Work on the Carapana property forms part of an option with Xstrata Copper, which includes ongoing IOCG copper-gold exploration by Monster Copper.

A reconnaissance program of 20 vertical drill holes is aimed at testing nickel-cobalt concentrations in the near-surface lateritic profile over a zone with an average width of 600 metres and a total strike length of 7 kilometres. Field evidence suggests the thickness of the laterite at Carapana will be on the order of 10 metres. Holes will be drilled using an auger drill rig, which has been successfully used by Xstrata Nickel to investigate nickel laterite targets in the Araguaia project in southern Para state. Drill spacing at Carapana varies from 200 metres in the western area to 400 metres in the east.

The target on the Carapana property is situated on a laterite plateau, interpreted to be underlain by mafic to ultramafic rocks of the Catete Suite. The target is characterized by a high magnetic signature coincident with low radiometric signature derived from data collected in an airborne survey completed by Monster Copper in 2004. In addition, soil geochemical data over the target reveals highly anomalous nickel (200-1815 ppm in a background of under 50 ppm), cobalt (100-477 ppm in a background of under 20 ppm) and chromium values (500-4540 ppm in a background of under 250 ppm). These geophysical and geochemical features are characteristic of nickel-bearing ultramafic rocks in the Carajas.

The Carajas Mineral Province currently hosts three nickel laterite deposits, namely Onca-Puma, Jacare and Vermelho. Monster Copper's Carapana target is 50 kilometres from the Onca-Puma deposit and within the same belt of rocks, called the Catete Suite, a Paleoproterozoic sequence of mafic to ultramafic intrusive rocks. The Onca-Puma deposit is reported as containing 110 Mt (Million Tonnes) grading 1.72% Ni in saprolitic ore and 314 Mt grading 0.75% Ni in limonitic ore, and according to CVRD, is scheduled to commence production in 2008 ((ii)source www.cvrd.com.br). The Jacare deposit has a reported resource of 430 Mt grading 1.33% Ni and is also within the Catete Suite ((ii)source www.angloamerican.co.uk). The Niquel do Vermelho deposit contains 290 Mt of proven and probable limonitic ore at 0.8% Ni, with minor cobalt and copper ((ii)source www.cvrd.com.br).

Further to Monster Copper's March 8, 2007, release, Monster Copper and Mega Uranium Ltd. (TSX:MGA) are proceeding with the preparation of documentation for a May 30, 2007 Monster Copper shareholder meeting to approve the amalgamation with Mega Uranium Ltd.

The Qualified Person, as defined by National Instrument 43-101, responsible for review of this news release is Dr. Tom Setterfield, P.Geo., Vice-President of Exploration, Monster Copper Corporation.

About Monster Copper Corporation

Monster Copper (www.monstercopper.com) is dedicated to the discovery of world-class IOCG uranium-copper-gold deposits with an experienced IOCG exploration team. In addition to the Brazilian property portfolio, Monster Copper is exploring its wholly-owned Aillik east property for uranium and is joint-ventured with Santoy Resources Ltd also exploring for uranium on the Mustang Lake and Bruce River properties, in the Central Mineral Belt of Labrador.

MONSTER COPPER CORPORATION

Michael J. Downes, President, C.E.O. and Director

((ii) The reserve figures quoted in this news release are sourced from CVRD and Anglo American. It is not known to what extent these figures conform to the requirements of National Instrument 43-101, and therefore they should not be relied upon. However, Monster Copper believes these figures provide a conceptual indication of the nickel laterite deposits in Carajas Mineral Province and are therefore relevant to a description of the targets being explored by Monster Copper.)

This news release may contain "forward-looking statements". These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Monster Copper Corporation
    Michael Downes
    President
    (905) 780-8783
    (905) 780-8790 (FAX)
    Email: info@monstercopper.com
    Website: www.monstercopper.com
    or
    Monster Copper Corporation
    Rob Carriere
    Investor Relations
    (604) 687-3929