CybeRelease: (OTC: AULO) Acquires Major Mineral Properties in Arizona with a Total of 65 Claims and Three State Exploration Permits
(CybeRelease, April 27, 2007) - Aurelio Resource Corporation (OTC BB: AULO) announced completion of a final mineral lease and option agreement with three individual owners of 65 “Gold Coin” mineral claims and three Arizona State Exploration Permits. These acquisitions were concluded through its wholly owned Arizona subsidiary, Bolsa Resources, Inc. This significantly expands Aurelio’s property ownership at its Hill Copper Project in Arizona and gives the company the ability to aggressively increase its resource base.
The 65 unpatented “Gold Coin” claims along with the three Exploration Permits form one continuous block of claims covering 1540 acres. These new properties are all located to the south and southeast of the MAN claims and host the possible continuation of our drill indicated copper and zinc resources. The group of claims contains multiple additional copper and zinc targets and three known gold prospects. The option agreement includes a down payment of $20,000 with additional staged payments spread over four years totaling $1.5 million. In addition, there is a royalty of 1% of production of base metals and 2.5% of precious metals.
Aurelio now controls a total of 32 patented claims, 96 unpatented claims and three State Exploration Permits. The total acreage is 2607 and stretches over 3.4 miles and is about 1 mile wide.
The company has an in-house calculated resource of 52.3 million tons @ 0.65% copper equivalent on the MAN claims and 8.4 million tons @ 0.65 % copper equivalent on the Courtland claims equaling a total of 790 million pounds of copper equivalent (copper and zinc).
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