Company Information for Zaruma Resources Inc

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TSX.V; ZMR.H View full financial data

Company Statement

Zaruma Resources Inc. is a Canadian, Toronto Stock Exchange listed resource company engaged in the exploration and development of mineral properties, with a focus on copper and gold.

The Company owns 100% of the following advanced stage projects:

COPPER
Luz del Cobre Copper Project and San Antonio Copper Exploration (San Antonio, Sonora,  Mexico):

• Fast-tracking to copper production by developing the Luz del Cobre copper mine and continuation of copper exploration in the surrounding tenements.

GOLD
San Antonio (Sonora, Mexico):

• Potential and ingredients for a major gold camp in a porphyry-driven IOCG (iron-oxide-gold-copper) system.

Alcaravan Heap Leach Gold Project (El Foco, Venezuela):

• Heap leach gold project with considerable upside potential in a prospective greenstone belt setting.

Company Diagram

Luz del Cobre project (Courtesy of Zaruma

Current Operations

It is the Company’s objective to obtain market recognition and growth in shareholder value through the development of mining projects and eventual cash flow from existing projects, and by adding to the current mineral resource inventory through exploration.

Currently, the avenue to accomplish this mission and the goals is based on three advanced stage projects (100% Zaruma) with near term production potential and considerable upside potential:

Luz del Cobre Copper (San Antonio, Mexico), First Priority:

• Fast-tracking to copper production.
• Project financing established
• Project development has commenced

San Antonio Gold (Mexico)

• Potential and ingredients for a major gold camp in a porphyry-driven IOCG (iron-oxide-gold-copper) system.

Alcaravan Gold Project (El Foco, Venezuela)

• Heap leach gold project with considerable upside potential in a prospective greenstone belt setting.

Today, Zaruma has a total resource inventory of 400,000 ounces of contained gold and 102 million pounds of contained copper. However, the exploration potential on Zaruma's sizable land holdings is very significant, both for copper and gold.

Zaruma has a focused, near-term business plan to move the Luz del Cobre copper project to a production, and as a seconday, opportunistic approach, to conclude the feasibility study on the El Foco project and further along to boost existing resources and enhancing the resource potential through exploration.

Geographical Spread

San Antonio gold and copper exploration (Sonora, Mexico)
Luz del Cobre Copper Project (Sonora, Mexico)
El Foco gold (Bolivar State, Venezuela)

Board of Directors and Key Management

Dr. Thomas Utter	President & Chief Executive Officer
Frank van de Water	Chief Financial Officer
Dr. Richard Viljoen	Vice President, Exploration
Prof. Dr. Peter Lorange	Director
Michael Power	Director
Dr. Alfredo Bernasconi	Project and Exploration Manager, Venezuela
James E. Poulter	Senior Exploration Geologist

Company Address 20 Toronto Street Suite 1220 Toronto, Ontario, Canada M5C 2B8 Telephone: +1 (416) 777 1781 Facsimile: +1 (416) 777 1320 Email: thomas.utter[at]zaruma.com Website: http://www.zaruma.com

Additional Address/Key Contact Registered Office: c/o Macdonald & Company, 200 Financial Place, 204 Lambert Street, Whitehorse, Yukon Territory Y1A 3T2, Canada

Capital Number of Shares Outstanding 117,608,747

Annual General Meeting Toronto, Canada

Year End December 31st

Related News

14/12/09 - The Mexican Stand-Off Between Glencore And Zaruma Continues, But Glencore May Soon Realise That Its Options Are Limited
23/06/09 - Zaruma's Long Wait For Movement From Glencore On The Luz De Cobre Copper Joint Venture May Soon Be Over
06/11/08 - Who Will Blink First In The High Stakes Poker Game Between Glencore And Zaruma Resources?
01/04/08 - Zaruma Resources On Track To Transition From Explorer To Producer

Most Recent Statement

01/10/09 - Zaruma Resources Listed on TSXV NEX Board
15/09/09 - Zaruma Resources reports Private Placement
31/08/09 - Zaruma Resources reports on TSX Listing review
13/08/09 - Zaruma Resources reports on Second Quarter 2009
25/06/09 - Zaruma Resources reports on Shareholder Meeting and TSX Listing review
17/06/09 - Zaruma Resources Files Technical Report on the Sapuchi Gold Project and Resource Estimate Update on the Luz del Cobre Copper Project