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Agoracom Updates > Press Release
Agoraa

American Copper Corporation: Squaw Peak Drilling Intersects 30 Feet Averaging 5.57 oz/ton Ag, 1.03% Cu, 0.078% Mo

Posted by: AGORACOM on June 05, 2008 03:44PM

VANCOUVER, BRITISH COLUMBIA - June 2, 2008 - Initial results from American Copper's (TSX VENTURE:AJ) Squaw Peak Project, located 70 miles (113 km) north of Phoenix, Arizona, confirm the presence of both high-grade copper-molybdenum-silver and bulk mineable copper-molybdenum targets. All holes drilled remained in copper/molybdenum mineralization their entire lengths. Drill hole SP0803 contained 30 feet (9.1 m) averaging 1.03% Cu, 0.078% Mo and 5.57 oz/ton Ag and included 5 feet (1.5 m) at 0.87% Cu, 0.089% Mo and 13.70 oz/ton Ag. Average values for entire drill holes range from 0.41% to 0.74% copper equivalent. Values for all 8 drill holes are shown in the table below.


A total of 8 vertical and angle core holes were drilled totaling 3,155.4 feet (962 m). The initial holes attempted to locate high-grade mineralization similar to that found on the upper mine dump of the property as well as begin exploring the bulk-mineable potential of the property. The holes, drilled from two sites approximately 400 feet (122 m) apart, tested to a vertical depth of 300 to 500 feet. Additional drilling will be needed to determine the extent of the mineralization.

The core was sawed in half and one-half sent to ALS Chemex in Reno, Nevada for analysis. Analysis was by ICP with checks done by XRF. Copper and silver overlimits were run by AAS.


American Copper's plan map and cross sections of its recent drilling program will be available shortly on its website http://www.americancoppercorp.com.

Richard Kern (P.Geo), a director of American Copper, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.


American Copper is dedicated to the principles of environmentally sound mining practices and believes that environmental stewardship and mining can co-exist. For details on the Company and its properties, see the prospectus of the Company dated July 19, 2007, available on SEDAR at www.sedar.com.
 
---------------------------------------------------------------------
            From      To   Interval       Cu      Mo      Ag     % Cu
Hole #       (ft)    (ft)       (ft)    (ppm)   (ppm)   (ppm)   Equiv.
---------------------------------------------------------------------
SP0801         0      55         55     6507     397     3.7     1.02
entire DH      0     299        299     3465     154     1.7     0.48
---------------------------------------------------------------------
SP0802        15      40         25     4552      96     9.0     0.60
             220     275         55     4829     199     3.0     0.66
             295   402.7      107.7     6410     242     1.7     0.85
entire DH      0   402.7      402.7     4157     149     2.4     0.55
---------------------------------------------------------------------
SP0803        10      40         30    10287     777   191.0     3.00
including     25      30          5     8680     898   468.0     4.81
             240     270         30     6625     352     4.2     1.00
             300     480        180     6415     261     2.8     0.89
             535     555         20     6578     338     1.2     0.96
entire DH      0   577.5      577.5     4645     204    12.1     0.73
---------------------------------------------------------------------
SP0804         0      45         45     8331     961     0.8     1.68
entire DH      0     301        301     3018     264     1.5     0.54
---------------------------------------------------------------------
SP0805         0      65         65     8881     560     3.5     1.40
entire DH      0   301.7      301.7     4534     269     1.7     0.70
---------------------------------------------------------------------
SP0806       105     375        270     6217     383     2.4     0.97
             395     430         35     4830     323     0.9     0.77
entire DH      0     557        557     4959     265     2.0     0.74
---------------------------------------------------------------------
SP0807        15      35         20     6003      39     2.7     0.65
             125     175         50     5275      41     2.1     0.58
             260     280         20     6783     100     2.6     0.78
entire DH      0   412.5      412.5     3526      51     1.5     0.41
---------------------------------------------------------------------
SP0808        80     185        105     5941     289     2.8     0.87
entire DH      0     304        304     4237     151     1.8     0.57
---------------------------------------------------------------------
 
- Percent Copper Equivalent calculated using Cu equals $3.82/pound,
  Mo equals $33.50/pound, Ag equals $17.64/ounce
- True width is undetermined as every hole ended in mineralization.
 

ON BEHALF OF THE BOARD


Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

American Copper Corporation
Robert Eadie
(604) 602-4935 or Toll Free: 1-866-602-4935
(604) 602-4936 (FAX)
Website: www.americancoppercorp.com 

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
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