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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
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QRS Extends Copper Zone Target 7km at Aurum Copper Project in Chile

09/04/2013 6:31pm

Marketwired Canada


QRS Capital Corp. (TSX VENTURE:QRS) ("QRS" or the "Company") is pleased to
announce the results of new property wide Induced Polarisation and ground
Magnetic geophysical surveys at its Aurum Copper Project in Region III, Chile.
These surveys were carried out between November 2012 and February 2013 and
formed part of a property wide reconnaissance program designed to test for the
extensions of the known mineralization at the Tobaco-Carmen deposits.


The new induced polarization (IP) survey outlines an open ended trend of
weak-moderate chargeability highs, which include the historic chargeability
anomalies observed over the Tobaco-Carmen mineralization, extending at least 5
km to the southwest and 2 km to the northeast of the Tobaco-Carmen
mineralisation (see Figure 1). The IP data also outline a new chargeability
trend (the East Trend) approximately 3 km east of West Trend. The
chargeabilities of this trend are substantially higher than the West Trend,
extend for an 8 km strike length and remain open to the north and south.


QRS's President Diego Benalcazar, stated, "The continuity of the geophysical
trend beyond the known Tobaco-Carmen mineralization is remarkable. The
correlation with the lithology that hosts the Tabaco-Carmen and Dolores
mineralization together with the location of historical small-scale copper
workings suggests that the anomalous West Trend has additional potential for
copper mineralization". Mr. Benalcazar continues by stating "discovery of the
new East Trend is very encouraging and supports our belief in the exploration
potential of the newly staked land to the east." It is also important to note
that this new East Trend is coincident with a 3.5 km shear zone and a number of
old copper workings.


Highlights



--  The new geophysics results confirms that the known 750 m long Tobaco-
    Carmen copper deposit sits within a 7 km long belt of anomalous
    chargeability (the West Trend) containing evidence of strong copper
    mineralization. 
--  The West Trend now appears to have strong exploration potential for the
    expansion of the historic Carmen resource and the discovery of several
    new mineralized targets. 
--  A new 8 km long IP chargeability anomaly (the East Trend) has been
    discovered approximately 3 km SE of the known West Trend containing the
    Carmen deposit 
--  Initial analysis of the magnetic survey data along the West Trend
    reveals the presence of several new anomalies that mirror the magnetic
    responses seen close to the Tobaco-Carmen area. 



Details

QRS has commenced a structured and multi-disciplined program of exploration that
will result in the definition of a number of detailed exploration targets aimed
at expanding the existing Carmen deposit and the discovery of additional
adjacent deposits along the West Trend. A number of additional programs will be
carried out to explore the remainder of the property, including the newly
discovered East trend.


The geophysical survey was carried out by Argali Geofisica Chile E.I.R.L. Argali
is an experienced geophysical contractor who has worked in a similar geological
setting at the nearby Relincho Project. The IP data was acquired using a
pole-dipole electrode array and a dipole spacing of 100 m which was expanded
through seven separations (n= 1 to 8). A time-domain waveform with a frequency
of 0.125 Hz (2 seconds) was employed. Nine NW-SE oriented lines, spaced 1
kilometre apart were completed for a total of 43 line kilometres of survey.


The ground magnetic survey was conducted along N-S orientated lines spaced 100 m
apart. A total of 417 line kilometres of data were acquired as continuous
profiles with readings every second of an approximate station spacing of
approximately 0.5 to 1.5 m. Survey control was maintained with a high quality
GPS system within the magnetometer. Complete UTM coordinates and elevation data
were acquired simultaneously with each magnetic reading. The GPS datum was
WGS84.


West Exploration Trend

The IP data show weak chargeability anomalies (highs) over the known
Tabaco-Carmen mineralization, consistent with previous IP surveys. The new
surveys show that these chargeability anomalies continue at least 5 km to the SW
and 2 km to the NE and remain open in both directions. The chargeability trend
usually correlates closely with deep conductive zones and a long linear magnetic
low that may be associated with alteration. The trends also correlate with the
same lithology that hosts the Tabaco-Carmen and Dolores mineralization and in
some areas with small copper workings. The continuity of the geophysical trends
suggests that the anomalous trend has exploration potential for additional
copper mineralization.


Detailed analysis of the magnetic data is still underway and a detailed
interpretation of both the West and East Trends will be released when available.
However; preliminary analysis of the magnetic data has outlined several high
magnetic areas on the western portion of the grid but the magnetic source does
not appear to be reflected in the geologic mapping. A NE-trending magnetic low
approximately 500 m wide and 8 km long is located to the east of these magnetic
highs. This magnetic low encompasses most of the favorable altered lithology
within the project area, including the Tabaco deposit.


Several zones along the West Trend show magnetic features similar to those seen
in the Tobaco-Carmen area and those coincident with existing copper
mineralization and other supporting geologic data are priority target areas for
detailed mapping and sampling. 


East Exploration Trend

The IP data also outline a second chargeability trend approximately 3km east of
the West Trend. This "East Trend" extends for 8 km strike length and remains
open to the north and especially to the south where chargeability is the
highest. The East Trend chargeabilities are much higher than along the West
Trend, suggesting increased local bedrock conductivity, possible due to the
presence of pyrite. Copper sulphides may also be present since sporadic copper
workings occur along the East Trend. More importantly, a 3.5 km long shear zone
(with an observed width of approximately 5 to 12 m) hosting several old mining
workings is situated on the same strike and location of the East Trend. Low
resistivities are associated with East Trend, especially on the southernmost
lines. Prior to additional geophysical exploration in the East Trend, it will be
mapped in detail to determine the probable source of the chargeability
anomalies.


To view Figure 1, "IP Chargeability," please visit the following link:
http://media3.marketwire.com/docs/QRS49.pdf. 


Qualified Person

The technical information contained in this news release has been reviewed by
Terence Walker, M.Sc., P.Geo., an independent qualified person for the purposes
of National Instrument 43-101.


About QRS Capital Corp.

QRS is a mineral exploration company focused on exploration and development
stage copper and gold targets in South America, particularly in Chile, Peru and
Mexico.


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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