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QRS Sendero Mining Corporation

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Share Name Share Symbol Market Type
Sendero Mining Corporation TSXV:QRS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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QRS Capital Corp. Receives Final Technical Report for the Aurum Property, Chile

10/06/2013 1:30pm

Marketwired Canada


QRS Capital Corp. ("QRS" or the "Company") (TSX VENTURE:QRS) is pleased to
announce that it has filed a technical report on the Company's flagship Aurum
Property. The report dated, May 10, 2013, was prepared by Terence Walker, M.Sc.,
P.Geo., an independent Consulting Geologist, and wasfiled on SEDAR on May 27,
2013.


The Aurum Property consists of 41 contiguous claims, 17 exploitation concessions
and 24 exploration concessions totalling 8,908 hectares. The Aurum Property is
situated within San Felix Fault and fold belt, 72 kilometres east-southeast of
the city of Vallenar, Region III, Chile and 16 kilometres SW of Teck Resources
Ltd.'s Relincho porphyry copper - molybdenum deposit (Proven and Probable
Reserves; 1.1 billion metric tons grading 0.41% copper and 0.021% molybdenum
according to the Teck Resources Ltd.'s Annual Information Form of March 15,
2012). The report also notes the good access and closes proximity to water and
power on Aurum year round and access to the property by dirt road.


Conclusions

The report concludes that, "Based on the site visits to the Aurum Property, the
data review and interpretation, the independent 2007 resource estimate of SRK
Chile, classification of the current project area, as well as un-tested
extensions of the central CTR ("Carmen Tabaco Resource") and the newly
identified "East Mineral Belt", the author believes that the area holds good
potential for significantly increasing the current copper oxide resource
estimates. The deeper primary sulphide copper mineralisation below the CTR area
is largely unexplored. The underlying IP anomalies however, suggest good
potential to also develop sulphide copper resources below the oxides."


Recommendations

Mr. Walker recommends a two-phase drill program to further delineate the
copper-silver potential of the Aurum Property.


Phase 1 is designed to evaluate the largely unexplored sulphide copper
mineralization below the current CTR and further explore the Dolores Mine area
with a view to establishing drill targets. The proposed Phase 1 exploration
programs will involve 1,250 metres of drilling in the Carmen Main area and
detailed geological mapping, rock and soil geochemical, IP and MAG surveys in
the Dolores Mine area.


Phase 2 is designed to expand the historic mineral resource and delineate the
size and continuity of the sulphide zones at Carmen Main target, drill test the
Dolores Mine targets established in Phase 1 and further explore the Aurum II,
L5000 West, Aurum IV and East Anomaly target areas. Proposed Phase 2 exploration
programs will involve 4,000 metres of drilling in the Carmen Main target, 1,750
metres of drilling to test priority targets in the Dolores Mine area, detailed
geological mapping, rock and soil geochemical testing, IP surveys in the Aurum
II, L5000 West, Aurum IV and East Anomaly target areas. Preliminary
metallurgical testing of drill core and environmental studies are also planned
during Phase 2.


The estimated total cost of the proposed follow up exploration programs (more
particularly described in the technical report) is US$3,642,700.


The above information has been prepared under the supervision of Mr. Terence
Walker P.Geo., who is a "Qualified Person" for the purposes of National
Instrument 43-101. Mr. Walker has reviewed the information in this press release
and has verified the authenticity and validity of the data. 


For further information regarding QRS Capital Corp., see QRS Capital's
disclosure documents on SEDAR at www.sedar.com.


ON BEHALF OF THE BOARD OF DIRECTORS

John Seaman, Chairman & CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain information that may constitute "forward-looking information"
under applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements about future, exploration results
relating to the Aurum-Copper property, exploration plans for the Aurum-Copper
property and the exploration potential of the Aurum-Copper property.
Forward-looking information is necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual results and
future events to differ materially from those expressed or implied by such
forward-looking information, including the risks identified in the Company's
disclosure documents. There can be no assurance that such information will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and is based upon
the opinions and estimates of management and information available to management
as at the date hereof. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Apex Capital Inc.
Brett Allan
416-907-4148
ballan@apexcap.ca

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