Northern Peru Copper Corp.
TSX : NOC

Northern Peru Copper Corp.

September 06, 2005 09:01 ET

Northern Peru Copper Intersects Excellent Copper-Gold Mineralization at Galeno

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 6, 2005) - Northern Peru Copper Corp. (TSX:NOC) announces that it has received excellent drill results from the first five holes drilled in its 5,000 meter Phase 1 drilling program at the Galeno copper-gold-molybdenum project in northern Peru. Results were highlighted by hole GND-05-03 that returned 332 meters of 0.93% copper equivalent, grading 0.68% copper, 0.20 g/t gold, and 0.022% molybdenum, including 54 meters of 1.47% copper equivalent, grading 1.25% copper, 0.18 g/t gold and 0.02% molybdenum.

Marshall Koval, President & CEO, said, "We are very encouraged by the long intercepts of copper and gold mineralization. Of particular interest is the presence of molybdenum that was not previously recognized which will contribute significantly to the project's economics. I look forward to on-going results from our current drilling program on this major copper-gold-molybdenum deposit."

The results of the drilling program to date are listed below. Hole locations are shown on the attached map (To view the attached map please click on the following link: http://www2.ccnmatthews.com/database/fax/2000/noc0906.pdf).



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From To Interval Cu Au Mo Cu(i)
Hole No. meters meters meters % g/t % Equivalent %
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GND-05-01 12.00 178.00 166.00 0.63 0.12 0.025 0.85
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GND-05-02 30.00 236.00 206.00 0.78 0.20 0.010 0.96
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including 30.00 108.00 78.00 1.05 0.24 0.013 1.27
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GND-05-03 4.00 336.00 332.00 0.68 0.20 0.022 0.93
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including 140.00 194.00 54.00 1.25 0.18 0.020 1.47
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GND-05-04 48.00 314.00 266.00 0.71 0.18 0.027 0.98
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including 48.00 98.00 50.00 0.82 0.25 0.024 1.11
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GND-05-05 0.00 324.00 324.00 0.74 0.14 0.010 0.88
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including 2.00 116.00 114.00 1.00 0.12 0.010 1.13
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(i) Copper equivalent calculated using US$1.00/lb Cu, US$400/oz Au
and US$6.00/lb Mo and is not adjusted for metallurgical
recoveries as these remain uncertain. The formula used is as
follows: CuEQ equals Cu% + (Au g/t x 12.86 / 22.05) + Mo% x
132.28 / 22.05)


The Galeno property contains significant known copper mineralization. An independent 43-101 report prepared by AMEC Peru S.A. in 2003 stated that the property contains a Historic Inferred Mineral Resource of 486 Mt at 0.57% Cu and 0.14 g/t Au, at a cutoff grade of 0.4% Cu. The focus of the current drill program is to extend the known mineralization and upgrade it from an inferred category to measured and indicated categories.

The property is located 600 km by road north of Lima, in the Department of Cajamarca adjacent to the Yanacocha gold mine operated by Newmont Mining Company. Copper mineralization was first recognized at Galeno in 1993. Subsequently the property has undergone a number of exploration campaigns by Newmont Peru Ltd. and North Compania Mineria S.A. Twenty-one diamond drillholes and thirty reverse circulation drillholes for a total of 13,146 meters have been completed on the property.

Northern Peru holds an option to purchase the property from a private Peruvian company for cash and/or share payments totalling US$2.0 million over a four year period plus bonus payments based on the advancement of the project to mine status.

Marshall Koval, P.Geo, is the Qualified Person as defined by National Instrument 43-101 for the Galeno Project. Bruce Davis of Norwest Corporation, a geostatistician with over 30 years of experience is supervising the quality control and quality assurance program. Logging and sampling are completed in Northern Peru's secure facility located at the project. The drill cores are mechanically split on site and samples are transported to the Acme Analytical Laboratories facility in Lima for sample preparation with analysis done at their facility in Vancouver B.C. Northern Peru inserts standards, blanks and duplicates selected on a random basis into the sample stream and sends 5% of the sample pulps to check laboratories in Vancouver.

NORTHERN PERU COPPER CORP.

Marshall Koval, CEO & President

CAUTION REGARDING FORWARD-LOOKING STATEMENTS:

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of copper, gold and molybdenum, the timing and amount of future production, metallurgical recoveries, costs of production, reserve and resource determination and reserve conversion rates, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to the integration of acquisitions, risk relating to international operations, risks relating to joint-venture operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project and exploration parameters as plans continue to be refined, future prices of copper, gold and molybdenum, as well as those factors discussed in the section entitled "Risk Factors" in the Form 20-F as on file with the Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


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