Stingray Copper Inc.: Drill Results at El Pilar Copper Property, Mexico

TORONTO, ONTARIO--(Marketwire - Aug. 2, 2007) - Canada Peter Mordaunt, CEO and Chairman of Stingray Copper Inc. ("Stingray") (TSX:SRY)(TSX:SRY.WT) is pleased to announce that drill hole assay results have been received for 9 additional holes completed at the Company's El Pilar Copper Property located in Sonora, Mexico. Work at El Pilar is focused on a definition drilling program that is designed to enhance the El Pilar inferred mineral resource of 180 million tonnes grading 0.37% total copper calculated at a cut off of 0.25% total copper (See News Release 2007-05). These 9 holes have been drilled vertically on the two most northern sections at 9200N and 9100N as the drilling progresses from the north to the south completing the in-fill of the El Pilar mineral resource. The drill holes as presented in the table below continue to confirm the results of the previous drill programs completed by Noranda Mexico.



2007 El Pilar Program: Drill Hole Results
-----------------------------------------

-------------------------------------------------------------------------
Section Easting Hole From To (m) Interval Grade (Total
(m) (m) Copper %)
-------------------------------------------------------------------------

-------------------------------------------------------------------------
9200N 1400 S07-03 122 144 22 0.30
-------------------------------------------------------------------------
1500 S07-04 94 114 20 0.21
-------------------------------------------------------------------------
132 140 8 0.35
-------------------------------------------------------------------------
1700 S07-05 6.2 52 45.8 0.61
-------------------------------------------------------------------------
92 135.05(i) 43.05 0.53
-------------------------------------------------------------------------
1700 S07-05A 10.2 48 37.8 1.05
-------------------------------------------------------------------------
98 124(i) 26 0.48
-------------------------------------------------------------------------
1900 S07-06(ii) 6.3 76.0 69.7 0.36
-------------------------------------------------------------------------
132 219 87 0.60
-------------------------------------------------------------------------
2100 S07-07 18.75 148 129.25 0.46
-------------------------------------------------------------------------
2300 S07-08 38 90 52 0.28
-------------------------------------------------------------------------
146 158 12 0.34
-------------------------------------------------------------------------
or 38 158 120 0.22
-------------------------------------------------------------------------
-------------------------------------------------------------------------
9100N 1100 S07-09 82 136 54 0.35
-------------------------------------------------------------------------
2200 S07-17 66 90 24 0.45
-------------------------------------------------------------------------
124 184 60 0.42
-------------------------------------------------------------------------
or 24 184 148 0.32
-------------------------------------------------------------------------
2300 S07-18 64 82 18 0.26
-------------------------------------------------------------------------
128 198 70 0.35
-------------------------------------------------------------------------
50 200 150 0.26
-------------------------------------------------------------------------
(i)both holes stopped at fault-breccia
(ii)previously reported in News Release 2007-11

 

The location of these drill holes can be viewed at the link below;

http://www.stingraycopper.com/PressReleases/elpilar_drillingmap.pdf

The Company is continuing this extensive, 25,000 meter fill-in drill program at the El Pilar Copper Property, Sonora, Mexico where 2 drills are drilling HQ core. The purpose of this program is to reclassify the inferred mineral resource and to explore for additional resources in the immediate vicinity. All drill core samples are split by the Company's staff under the direction of the Company's geologists and are delivered for assaying to ALS Chemex, Hermosillo, Sonora, Mexico. The Company's program will incorporate significant metallurgical testing in preparation of a feasibility study for the El Pilar project which is viewed as an SX - EW operation (solvent extraction - electro winning).

Peter Mordaunt, P.Geo is the Qualified Person responsible for the technical content of this release.

Stingray is a copper resource company that is focused on the development of the El Pilar Copper Property located in Sonora, Mexico. The Company has commenced an extensive drill program to further define and expand the reported resource at the El Pilar oxide copper project.

TSX Symbol:Common Shares - "SRY" Issued: 58,725,982 common shares Warrants - "SRY.WT" 20,850,000 warrants

Certain Statements presented herein may constitute "forward-looking statements". Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of metals and other known and unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business.



TSX Trading Symbol: Common Shares - "SRY" CUSIP Number 860838101
Warrants - "SRY.WT" CUSIP Number 860838119

 

Steve Brunelle
Vice President
(416) 368-6240

or

Stingray Copper Inc.
Peter Mordaunt
CEO & Chairman
(416) 368-6240
(416) 368-7141 (FAX)
Email: info@stingraycopper.com
Website: www.stingraycopper.com