Amerix Reports Additional Gold Results from Drilling at Limao Property in Brazil
10 Luglio 2012 - 8:28PM
Marketwired Canada
Amerix Precious Metals Corp. (TSX VENTURE:APM)(FRANKFURT:NJGN) ('Amerix' or 'the
Company') is pleased to announce results for three additional holes at the
Company's 100% owned Limao Gold Property, located in the Tapajos Gold Province,
Para State, Brazil. The location of these holes and the previously reported
holes LDH-01 and LDH-02 is presented in Figure 1. Hole LDH- 03, drilled at an
Azimuth of 77 degrees and an angle of -48 degrees, intersected 23.6 metres
grading 6.35 grams gold per tonne, from 25.95 to 49.55 metres down hole. This
hole was drilled from the same drill platform as previously reported Hole LDH-02
(News Release 2012-09) and is represented on the Section A - A'. Assay results
are presented in Table 1. Hole LDH-04, drilled at an Azimuth of 10 degrees and
an angle of -72 degrees intersected 9.89 meters grading 8.2 grams gold per
tonne, from 34.31 metres to 44.2 metres down hole. This hole was drilled from
the same platform as previously reported Hole LDH-01 and is represented on
Section B - B'. Assay results are presented in Table 1. These two holes were
drilled to verify the vertical continuity of the gold mineralization reported
earlier in holes LDH-01 and LDH-02.
To view Figure 1 Image, please copy and paste URL below into new browser:
http://www.rmcommunicationsinc.com/snapmail/img/file20120710082529.pdf
To view Sections A - A' and B - B' Images, please copy and paste the URL below
into new browser:
http://www.rmcommunicationsinc.com/snapmail/img/file20120710120804.doc
----------------------------------------------------------------------------
Table 1
----------------------------------------------------------------------------
Hole # From (m) To (m) Interval (m) Gold (g/t)
----------------------------------------------------------------------------
LDH-03 25.95 27.45 1.50 0.366
----------------------------------------------------------------------------
27.45 28.95 1.50 1.317
----------------------------------------------------------------------------
28.95 30.00 1.05 1.052
----------------------------------------------------------------------------
30.00 31.00 1.00 0.345
----------------------------------------------------------------------------
31.00 32.00 1.00 0.488
----------------------------------------------------------------------------
32.00 33.00 1.00 0.983
----------------------------------------------------------------------------
33.00 34.00 1.00 1.347
----------------------------------------------------------------------------
34.00 35.00 1.00 5.141
----------------------------------------------------------------------------
35.00 36.05 1.05 1.047
----------------------------------------------------------------------------
36.05 37.00 0.95 0.316
----------------------------------------------------------------------------
37.00 38.00 1.00 0.038
----------------------------------------------------------------------------
38.00 39.00 1.00 0.009
----------------------------------------------------------------------------
39.00 40.00 1.00 0.132
----------------------------------------------------------------------------
40.00 41.00 1.00 15.2
----------------------------------------------------------------------------
41.00 42.00 1.00 21.4
----------------------------------------------------------------------------
42.00 43.00 1.00 18
----------------------------------------------------------------------------
43.00 44.00 1.00 65.1
----------------------------------------------------------------------------
44.00 45.00 1.00 5.342
----------------------------------------------------------------------------
45.00 46.00 1.00 2.776
----------------------------------------------------------------------------
46.00 47.00 1.00 1.259
----------------------------------------------------------------------------
47.00 47.67 0.67 2.525
----------------------------------------------------------------------------
47.67 48.55 0.88 3.05
----------------------------------------------------------------------------
48.55 49.55 1.00 2.856
----------------------------------------------------------------------------
LDH-03 25.95 49.55 23.60 6.35
----------------------------------------------------------------------------
LDH-04 34.31 35.31 1.00 4.91
----------------------------------------------------------------------------
35.31 36.31 1.00 17.9
----------------------------------------------------------------------------
36.31 37.31 1.00 3.755
----------------------------------------------------------------------------
37.31 38.31 1.00 4.475
----------------------------------------------------------------------------
38.31 39.31 1.00 2.194
----------------------------------------------------------------------------
39.31 40.31 1.00 3.076
----------------------------------------------------------------------------
40.31 41.31 1.00 21
----------------------------------------------------------------------------
41.31 42.31 1.00 19.9
----------------------------------------------------------------------------
42.31 43.31 1.00 3.226
----------------------------------------------------------------------------
43.31 44.20 0.89 0.756
----------------------------------------------------------------------------
LDH-04 34.31 44.20 9.89 8.209
----------------------------------------------------------------------------
LDH-05 No Significant Gold Results - Dykes -
----------------------------------------------------------------------------
The gold mineralization intersected in these holes occurs primarily in potassic
altered and pyrite rich syenite intrusive rocks. The Company's geologists now
recognize the presence of north-northeast trending, steeply dipping dykes that
crosscut the zone of gold mineralization. It is interpreted that Hole LDH-05,
collared to the north of the Limao Pit and drilled at an Azimuth of 203 degrees
and at an angle of - 60 degrees, drilled through such a dyke as it crossed the
zone of gold mineralization. Similar dykes were encountered in LDH-03. No
significant gold was intersected in LDH-05 and the potassic altered and pyrite
rich syenite intrusive rocks were not encountered. This dyke has been
schematically presented on the Section A - A'.
The Company moved the drill to the South Grid to test the gold targets
identified in earlier News Release 2012-03. Several holes will be completed on 3
separate drill sections to test high grade gold mineralization occurring in
veins that had been exploited by artisanal miners. After these holes are
completed the drill will return to the Limao Pit area to finish the current
drill program. Amerix will be posting results from the drill program at the
Company's website (www.amerixcorp.com). A photo gallery of the Limao Gold
Property is also available at the website that includes photographs of the drill
core.
Diamond drilling is accompanied by a quality assurance and quality control
program that is managed by Amerix's geologists and includes industry standard
documentation during data collection, reporting, and down hole azimuth and angle
surveys. Drill core sample intervals were selected based on geological and
mineralogical changes in the rock and averaged near 1- metre sample length
within mineralized intervals and the immediate wall rock using sample lengths
that ranged from a minimum of 0.5 metres to a maximum of 1.5 metres. NTW size
rock drill core was split in half using a diamond saw preserving half of the
split core for reference and half to be sent for gold analysis. Standard
references, blanks, and quartered drill core duplicates were also inserted into
the sample stream prior to transport. All samples were delivered to Acme
Laboratories preparation facility in Itaituba, Brazil where the samples were
crushed, pulverized, split, and shipped to Acme's Santiago, Chile laboratory for
fire assay gold on a 30 gram split. Samples analyzing greater than 10 grams per
tonne gold, or over the fire assay detection limit, were automatically
re-analyzed for gold by gravimetric gold analysis. Both Acme Itaituba and Acme
Santiago are registered under International Standards Organization's ISO
9001:2008 quality control program. The Company utilizes a chain of custody
program overseen by its geologists concerning sample transport from the Limao
property to Acme's Itaituba preparation facility.
Mr. Ryan Grywul, P. Geo., and Vice President, Corporate Development for Amerix,
and a qualified person as defined in National Policy 43-101 is responsible for
all technical information contained in this news release.
About Amerix Precious Metals Corporation
Amerix Precious Metals Corporation is an Ontario company, managed by an
experienced team, exploring for precious metals in Brazil. Amerix's objective is
to create value for shareholders through the delineation and expansion of
bedrock gold resources, and realization of value from placer and tailings gold
resources at the Company's properties. Brazil has significant gold potential and
is a proven mining-friendly country. The Company's shares trade on the TSX
Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange
under the symbol "NJGN".
Follow Us:
Facebook - http://www.facebook.com/pages/Amerix-Precious-Metals-Corp/236749646431029
Twitter - www.twitter.com/AmerixGold
StockNetwork - www.stocknetwork.com/pubco/profile/APM:CA
Call Toll Free in US and Canada at 1-888-714-8221.
Disclosure Regarding Forward-Looking Statements: This press release contains
certain "Forward-Looking Statements" within the meaning of applicable securities
legislation. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX Venture Exchange
and, among others, the Ontario Securities Commission as well as under the
heading "Risk Factors" in the Management Discussion and Analysis.
Grafico Azioni Andean Precious Metals (TSXV:APM)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Andean Precious Metals (TSXV:APM)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Andean Precious Metals Corp (Venture Exchange Canada (TSXV)): 0 articoli recenti
Più Amerix Precious Metals Corporation Articoli Notizie