Major Copper Discoveries Found in Earth Search Sciences Proprietary Database
May 22 2007 - 7:00AM
Business Wire
Earth Search Sciences, Inc., (OTCBB:ESSE), offered additional
details today on the release of its archived airborne hyperspectral
data. The data indicates that undiscovered hyperspectral copper
porphyry pathfinders from Chile and Peru are resident within the
archived information. In the past, Noranda Minerals made more than
20 previously unknown copper porphyry discoveries from its initial
contract with Earth Search in Chile. As a result, Noranda credited
the Probe-1 airborne hyperspectral system as marking a revolution
in geological mapping and mineral exploration (see
http://www.earthsearch.com). The archived hyperspectral data is
contiguous to major copper porphyry mine discoveries in Chile where
recent discoveries revealed tremendous potential production values.
Examples include the Collahuasi Copper Mine with a potential annual
value of $3.5 billion; the Chuquicamata Copper Mine with a value of
$5 billion; the Los Pelambres Copper Mine with a value of $2.3
billion; the Escondida Copper Mine with a value of $5.8 billion,
and; the Quebrada Blanca Copper Mine with a value of $0.6 billion.
The Earth Search archive also includes data the company collected
from key areas in Peru where major mines have been discovered.
Examples include the Antamina Copper Mine with potential production
value of $3 billion; Cuajone with a value of $1.5 billion;
Toquepala with a value of $1.25 billion; Tintaya with a value of $1
billion, and; Cerro Verde with a value of $750 million. �We are
confident this vast archive of information contains significant
unclaimed and untitled discoveries of copper porphyry and other
minerals,� said Larry Vance, chairman of Earth Search Sciences. "We
are also confident that mining companies will recognize the
inherent value and corresponding business development opportunity
presented by this data.� It is currently estimated that the world
needs 30 major new copper mines by 2016 to meet projected demand
(source: Brook Hunt Mining and Metal Industry Consultants). About
Earth Search Sciences Earth Search Sciences, Inc.�s (OTCBB:ESSE)
revolutionary hyperspectral technology provides the ability to
accurately read the chemical properties of surface substances from
great altitudes and produce easily interpreted maps allowing the
user to identify specific minerals and substances on the surface of
the earth by their diagnostic reflectance patterns. Ultimately,
this remote sensing capability�identifies a greater number of
exploration targets quickly and economically, monitors the
environmental situation, and improves the probability of finding
anomalies. Older, more conventional methods would take�decades to
cover the same area, and at a much greater cost. Within the realm
of exploration, remote sensing does not replace the need for
geological knowledge, geochemistry, geophysics, seismic, drilling,
etc, which are some of the more conventional tools used for
exploration. This news release includes forward-looking statements
that involve a number of risks and uncertainties. The information
reflects numerous assumptions as to industry performance, general
business and economic conditions, regulatory and legal
requirements, taxes and other matters, many of which are beyond the
control of the company. Similarly, this information assumes certain
future business decisions that are subject to change. There can be
no assurance that the results predicted here will be realized.
Actual results may vary from those represented, and those
variations may be material.
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