Trading Symbol: CCY
VANCOUVER, June 21 /PRNewswire-FirstCall/ - Catalyst Copper
Corp. (the "Company" or "Catalyst") today announced Falcon Drilling
has mobilized two diamond drill rigs to the La Verde property, located in Michoacan State,
Mexico, and that drilling has
commenced on the 2010 exploration program.
Porphyry copper mineralization at La
Verde has been explored since the 1970s, resulting in the
discovery of two mineralized copper zones; East Hill and West Hill. Previous geological
and geophysical programs at La
Verde have demonstrated a strong association between
geophysical responses (Induced Polarization, "IP") and porphyry
copper mineralization hosted in the multistage La Verde intrusive system.
The 2010 exploration budget of US$4.0
million includes costs associated with a minimum 10,000
meters of diamond drilling. Initial drill targets include
confirmation holes across the known mineralization as part of the
technical support required to bring the property into NI 43-101
compliance, as well as the commencement of drilling previously
untested IP targets.
Catalyst Copper Corp. is a Vancouver-based publicly traded mine
development company (TSX-V: CCY) that optioned the La Verde copper porphyry project in
Michoacan, Mexico from
Minera Torre de Oro, S.A. de C.V., a
subsidiary of Teck Resources Limited (see December 8, 2009 news release for complete option
details).
ON BEHALF OF THE BOARD OF DIRECTORS OF
CATALYST COPPER CORP.
"Terence W. Hodson"
TERENCE W. HODSON, V.P. EXPLORATION
Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements
are subject to numerous risks and uncertainties, certain of which
are beyond the control of the Company, including, but not limited
to, risks associated with mineral exploration and mining
activities, the impact of general economic conditions, industry
conditions, dependence upon regulatory approvals, and the
uncertainty of obtaining additional financing. Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Catalyst Copper Corp.