Catalyst Reports Significant Copper Mineralization in First 2011 Drill Holes at La Verde

Mon Mar 28 13:19:00 2011
EDT
VANCOUVER, March 28, 2011 /PRNewswire via COMTEX News Network/ --
Intercepts include 0.45% Cu over 158.7 meters, including 0.93% Cu over
25.2 meters
Trading Symbol: CCY
Catalyst Copper Corp. (the "Company" or "Catalyst") today announced it has
intersected significant copper mineralization in the first drill
holes of the 2011 drill program on the La Verde copper porphyry project
in Michoacán state, Mexico.
Significant results include 0.45% Cu over 158.7 meters; including 0.93% Cu
over 25.2 meters and 0.38% Cu over 59.7 meters (see Table 1 below for details).
Also, visual inspection of the one hole
with assay results pending exhibits porphyry style mineralization and
alteration suggesting the possibility of an additional porphyry deposit
at depth at the West Hill similar to the one seen at the East Hill of
the property.
Drilling at La Verde restarted on January 28, 2011, with the first Phase
1 drill holes planned to test projected mineralized extensions
associated with the East Hill and West Hill mineral deposits. To date
four holes have been completed for a total of 2,851 meters, all on the
West Hill. Today's release details results for the first three of these
holes. Results for the fourth hole are pending. The drill is currently
being moved to the East Hill mineral deposit.
During 2011, Catalyst plans to drill a minimum of 20,000 meters at La
Verde. Additional work planned for 2011 includes environmental studies,
metallurgical test work and updating the NI43-101 resource estimate
incorporating all new drilling results.
Results in detail
Drill hole LV11-013 tested an east-west trending geophysical target
located north of the West Hill deposit. Results show the presence of a
second mineralized zone located approximately 200 meters north of the
West Hill mineral deposit. Further drilling is planned to expand this
zone.
Hole LV11-014, drilled south from the same location as LV11-013, was
designed to intersect the extension of copper mineralization 100 meters
below the West Hill zone. Assay results, 0.45% Cu over 158.7 meters,
show copper mineralization continues to depth. As the hole failed to
close off the mineralized zone another drill hole will be required down
dip of LV11-014.
LV11-015 was a 100-meter step-out east of the West Hill zone towards the
East Hill zone. The East Hill and West Hill mineral deposits are
separated by approximately 800 meters with little drill testing of the
gap between them. Results are encouraging as the intersections listed
in the table below show copper mineralization remains present in this
step-out hole. Gold values are also seen to be increasing in this
direction. Further drilling is planned for this area. Assays are
pending for the bottom 120 meters of this hole.
Hole LV11-016, the longest hole drilled on the property, visually
exhibits encouraging porphyry style mineralization and alteration.
Drilled for 894.45 meters at -50° to the north as an in-fill hole,
LV11-016 was designed to better define copper mineralization on Section
810850E that was previously intersected in Catalyst hole LV10-008
(0.33% Cu over 508.7m and 0.55%Cu over 77.4m). Core logging indicates
the upper portion of the hole is mineralized similar to the underlying
LV10-008 hole with veined and fracture controlled copper
mineralization. More significantly this hole was extended to a length
of 894.45m as Cu mineralization continued and was increasing in
intensity to depth.
Equally important is the presence of bornite and molybdenite previously
only observed in the East Hill mineral deposit. The geological model
developed by Catalyst has predicted the presence at depth of a porphyry
deposit at West Hill similar to that seen at East Hill. The presence of
bornite and molybdenite, plus associated alteration seen in LV11-016
are interpreted to be indicators of an East Hill style porphyry system.
Detailed assay results for hole LV11-016 are pending. Because this hole
ended in copper mineralization plans are being made to bring in a
second drill rig with greater depth capabilities in order to deepen it.
A map showing previous and current drill holes is available on the
Catalyst website at www.catalystcopper.com.
T.W. Hodson, P.Geo. is the qualified person as defined by National
Instrument 43-101, and has reviewed the technical disclosure contained
herein and accepts responsibility for such disclosure.
Catalyst currently has approximately $3.0 million dollars in working
capital. It is anticipated the 2011 work program will complete
commitments under the option agreement described below to exercise the
Company's option to earn a 60% interest in the property.
About La Verde
The La Verde project is located in an area with excellent
infrastructure. Power, rail and water all cross the property. Lazaro
Cardenas, Mexico's third largest port on the Pacific ocean coast, is
180 km from the site. Significant upside potential remains for the two
known zones of porphyry style copper, gold and molybdenum
mineralisation as the 2010 drill program has shown both deposits remain
open to depth and along strike.
La Verde property is subject to an option agreement with a Mexican
subsidiary of Teck Resources Limited (Teck) whereby Catalyst's 100%
Mexican subsidiary, Minera Hill 29, may earn a 60% interest in La Verde
by making US$10,000,000 in exploration expenditures (including 30,000
meters of drilling and 200 kilometers of IP) by December 31, 2012. Upon
Catalyst earning a 60% interest, Teck has the option to increase its
interest to 60% by incurring aggregate expenditures equal to two times
the amount spent by Catalyst. Should Teck fail to exercise its option
to earn a 60% interest, Catalyst can acquire a 100% interest in La
Verde by paying to Teck US$20 million. The property is subject to an
underlying 0.5% NSR.
ON BEHALF OF THE BOARD OF DIRECTORS OF
CATALYST COPPER CORP.
"Terence W. Hodson, P.Geo."
TERENCE 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.
Quality Assurance: The Company employs a system of quality control for
drill results which includes the use of blanks, certified reference
materials (standards) and check assaying. Core is logged on site and
split with a diamond saw. Samples are shipped to Acme Analytical
Laboratories Ltd. for analysis.
TABLE 1:

Drill Hole Location Dip Azm From(m) To(m) Length(m) Cu% Au g/t Mo%
LV11-013 West Hill -50 0 91.7 151.4 59.7 0.38 0.002 0.001
379.0 387.6 8.6 0.23 0.019 0.003
LV11-014 West Hill -45 180 130.1 143.5 13.4 0.59 0.012 0.002
312.0 330.9 18.9 0.50 0.018 0.001
358.2 368.4 10.2 0.37 0.003 0.001
409.3 419.8 10.5 0.79 0.003 0.001
487.8 646.5 158.7 0.45 0.002 0.002
Incl. 487.8 513.0 25.2 0.93 0.007 0.002
725.0 732.2 7.2 0.30 0.001 0.001
LV11-015 West Hill -55 180 14.9 41.0 26.1 0.31 0.017 0.001
241.0 258.6 17.6 0.53 0.109 0.001
505.0 519.9 14.9 0.44 0.011 0.001
551.0 580.2 29.2 0.44 0.003 0.003
580.2 706.1 Assays pending
LV11-016 West Hill -50 0 0 894.45 Assays pending
SOURCE Catalyst Copper Corp.Copyright (C) 2011 PR Newswire. All rights reserved

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