Stingray Copper Inc.
TSX : SRY
TSX : SRY.WT

Stingray Copper Inc.

September 21, 2007 09:25 ET

Stingray Copper Drill Results Continue: 7 More Holes From El Pilar Copper Property

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2007) - Peter Mordaunt, CEO and Chairman of Stingray Copper Inc. (TSX:SRY) (TSX:SRY.WT) ("Stingray") is pleased to report the results of 7 additional drill holes from the El Pilar Copper Property located in Sonora, Mexico. Work at El Pilar is focused on a definition drilling program designed to enhance the El Pilar inferred mineral resource of 180 million tonnes grading 0.37% total copper calculated at a cut off of 0.25% total copper (See News Release 2007-05). Stingray's present drill program is methodically intersecting oxidized copper mineralization at El Pilar by drilling vertical holes to fill in the resource model at 100 meter centers along its length and across its width. Additionally, the program is delimiting the margins of the resource as the drilling progresses from north to south along the east-west drill sections. The location of these drill holes can be viewed at the link below or at the Company's website.

http://www.stingraycopper.com/PressReleases/elpilar_drillingmap.pdf

Of the 7 holes reported in Table 1 below, holes S07-21, 24, 25, and S07-26 continue to confirm the results of previous drill programs, demonstrating wide intercepts of oxidized copper mineralization. Drill holes S07-29, 30 and 31 have been drilled to determine the eastern extent of the copper mineralization on Section 8900N and are located outside the known inferred mineral resource. These 3 holes define the extent of the copper mineralization as the conglomerate host dips deeper to the east. Although the copper grades appear lower in percentage copper than reported by sulphide copper developers and miners, the capital and operating costs of heap leach solvent extraction and electro winning (SX-EW) cathode copper are significantly lower.



Table 1: Inferred Mineral Resource Fill In Drill Results

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Section Easting Hole From To Interval Grade
(m) (m) (m)(i) (Total Copper %)
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9000N 2100 S07-21 58 164 106 0.35
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8900N 1800 S07-24 14 74 60 0.36
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1900 S07-25 48 136 88 0.45
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2000 S07-26 66 174 108 0.33
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2300 S07-29 112 242 130 0.16
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Or 194 238 44 0.23
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2400 S07-30 102 168 66 0.10
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2500 S07-31 No Significant
Values
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(i) The mineralization occurs in a flat-lying to gently dipping horizon and
intervals reflect approximate true widths.


The Company is continuing an extensive, 25,000 meter fill in drill program at the El Pilar Copper Property where 2 drills are drilling HQ core. The purpose of this program is to reclassify the inferred mineral resource and to explore for additional resources in the immediate vicinity. All drill core samples are split by the Company's staff under the direction of the Company's geologists and are delivered for assaying to ALS Chemex, Hermosillo, Sonora, Mexico. The Company's program will incorporate significant metallurgical testing in preparation of a feasibility study for the El Pilar project which is viewed as an SX-EW operation (solvent extraction - electro winning).

Stingray has recently filed its second quarter financial statements for the six months ended July 31, 2007 at SEDAR and at the Company's website. Stingray reports that its working capital of $26 million is held primarily in cash and cashable Guaranteed Investment Certificates issued by the CIBC. The Company does not hold any Asset Backed Commercial Paper.

Peter Mordaunt, P.Geo is the Qualified Person responsible for the technical content of this release.



TSX Symbol: Common Shares - "SRY" Issued: 58,725,982 common shares
Warrants - "SRY.WT" 20,850,000 warrants


Certain Statements presented herein may constitute "forward-looking statements". Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of metals and other known and unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business.



TSX Trading Symbol: Common Shares - "SRY" CUSIP Number 860838101
Warrants - "SRY.WT" CUSIP Number 860838119


Contact Information

  • Stingray Copper Inc.
    Steve Brunelle
    Vice President
    (416) 368-6240
    (416) 368-7141 (FAX)
    or
    Stingray Copper Inc.
    Peter Mordaunt
    CEO & Chairman
    (416) 368-6240
    (416) 368-7141 (FAX)
    Email: info@stingraycopper.com
    Website: www.stingraycopper.com