Amera Resources Corporation: Drilling Underway on Cocha Copper-Silver Project, Peruadmin
Thursday, August 17th 2006
Amera Resources Corporation (TSX VENTURE: AMS)(FWB: OAY)(WKN: A0B54E) is pleased to announce that a 10-12 hole 1,500m diamond drill program is underway on its Cocha sediment-hosted copper-silver project in Junin Department, Peru. Drilling will focus on the “Discovery Outcrop” area where a continuous series of chip samples assayed 0.80% copper and 10g/t silver over 80m, including two non-adjacent 10-metre intervals assaying 2.69% copper and 24.4 g/t silver and 1.38% copper and 26.2 g/t silver (see January 13, 2006 News Release).
This initial drill program will test with several fences of holes a 300-500m segment of the northwest-southeast trending copper-silver soil anomaly which extends both directions from the Discovery Outcrop. The copper-silver soil anomaly extends for over 2.2km in length and up to 850m in width with soil geochemical values up to 3,230 ppm (0.32%) copper and 4.7 g/t silver. The Merce showing, assaying 0.46% copper & 9.4 g/t silver over 9.5m, occurs within the soil anomaly approximately 700m northwest of the Discovery Outcrop showing (see June 16, 2006 News Release).
While the drill program to test the Discovery Outcrop area is taking place the Company will be proceeding with further surface work to extend currently identified targets and identify new ones. Updated maps for the Cocha Project are available on Amera’s website (www.ameraresources.com).
The Cocha property hosts sedimentary copper-silver mineralization similar in style to the giant Lubin Deposit (52 Mt Cu, 2,275 M oz Ag(1)) in the Kupferschiefer district of Poland and the White Pine Deposit (8.3Mt Cu, 800 M oz Ag(1)) in the Upper Peninsula of Michigan.
Analyses for the samples reported herein were performed by ALS Chemex Laboratories, an internationally recognized assay service provider, in Lima, Peru and North Vancouver, Canada. Work reported on in this released was carried out under the direction of Piotr Lutynski, M.Sc., P.Eng., a Qualified Person as defined in National Instrument 43-101. The technical information contained in this release has been reviewed by Dr. David A. Terry, P.Geo., Vice President Exploration for Amera, a Qualified Person as defined in National Instrument 43-101.
ON BEHALF OF THE BOARD
Mr. Nikolaos Cacos, President & CEO
(1) Sediment-Hosted Copper Deposits of the World: Deposit Models and Database By Dennis P. Cox, David A. Lindsey, Donald A. Singer and Michael F. Diggles; USGS Open-File Report 03-107 Version 1.0
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
2006 Number 13
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Contacts: Amera Resources Corporation Nikolaos Cacos President & CEO (604) 687-1828 or Toll Free: 1-800-901-0058 (604) 687-1858 (FAX) firstname.lastname@example.org