Stingray Copper Inc.: Resource In Fill Drilling Program Nears Completion at El Pilar

TORONTO, ONTARIO--(Marketwire - May 28, 2008) - Peter Mordaunt, CEO and Chairman of Stingray Copper Inc. ("Stingray") (TSX:SRY)(TSX:SRY.WT) reports results for 16 additional drill holes from the in fill drill program at the El Pilar Copper Property located in Sonora Mexico. One drill rig continues to test the oxidized copper mineralization at the southern extent of the resource, while a second drill is drilling for geotechnical purposes under the direction of Golder Associates Inc. Upon completion of these programs, drilling will begin at the Arriba Zone exploration area located approximately 2.5 kilometers to the northwest of the El Pilar resource.

These 16 drill holes have been completed on drill sections 7700 North and 7600 North. The vertical drill holes reported continue to intersect wide intervals of oxidized copper mineralization other than those drilled to define the margin of the resource. These holes are posted at the Company's website and a map of the hole locations can be found at the link below or at the Company's website;

http://www.stingraycopper.com/PressReleases/2007-2008_Drilling_Program_Model.pdf

Copper intervals reported in Table 1 reflect approximate true widths and the principal copper mineral intersected at El Pilar is chrysocolla occurring as intrusive fragments in the host conglomerate. The resource outcrops at the north, and is flat lying to shallowly dipping to the southwest. All HQ drill core samples herein reported have been logged and split by the Company's staff under the direction of the Company's geologists and were delivered for assaying to ALS Chemex, Hermosillo, Sonora, Mexico.



Table 1: Inferred Mineral Resource In-Fill Drill Results - Ultimate
Resource Area

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Section Easting Hole From To Interval Grade (Total
(m) (m) (m) Copper %)
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No Significant
7700N 0900 S08-183(i) Values
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1000 S08-184 86.4 105.0 18.6 0.25
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1100 S08-185 93.6 125.65 32.05 0.30
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1200 S08-186 91.0 177.9 86.9 0.30
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1300 S08-187 130.2 203.0 72.8 0.32
---------------------------------------------------------------------------
1400 S08-188 167.3 243.2 75.9 0.35
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1500 S08-189 200.4 266.8 66.4 0.37
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1600 S08-190 231.9 305.1 73.2 0.31
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1700 S08-191 271.4 329.1 57.7 0.22
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No Significant
7600N 0800 S07-118(i) Values
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1000 S07-119 98.0 114.0 16.0 0.25
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1100 S08-192 103.8 132.25 28.45 0.32
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1200 S07-120 100.0 132.0 32.0 0.31
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1300 S08-193 116.9 210.3 93.4 0.30
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1400 S07-121 176.0 228.0 52.0 0.35
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1500 S08-194 197.65 271.9 74.25 0.36
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(i) Located outside or at margin of current resource

 

Stingray has now reported 181 drill holes completed on 28 drill sections from 9300 North to 7600 North. Stingray has completed over 200 drill holes on 50 meter spaced drill sections along one kilometre and at 100 meter spaced drill sections continuing for an additional kilometre to the south. For a complete listing of all drill holes completed by the Company at El Pilar, click on the following link;

http://stingraycopper.com/PressReleases/Table_may27.pdf

The NI43-101 compliant inferred mineral resource at El Pilar is 180 million tonnes grading 0.37% total copper calculated at a cutoff of 0.25% total copper. At a lower cut-off of 0.20% total copper, the inferred mineral resource is 237 million tonnes grading 0.33% total copper. Stingray is working to reclassify the inferred mineral resource and develop the El Pilar as an open pit, heap leach, solvent extraction-electrowinning (SX-EW) copper mine. Stingray expects to receive an update of the El Pilar copper resource after the completion of the in fill drill program.

Stingray is well financed, with approximately $19M in the treasury, to carry out the current work that is leading to the technical/feasibility study of El Pilar scheduled for completion in Q1 of 2009. Stingray has added key, experienced professionals to the engineering team that is busy directing these technical studies.

Stingray has posted at SEDAR and Stingray's website, the Corporation's 2008 Financial Statements, Annual Report and related documents.

Website: www.stingraycopper.com

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



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.

Steve Brunelle
Vice President
(416) 368-6240

or

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