40 University Avenue, Suite 710, Toronto, ON, M5J 1T1 Canada
Tel. 647-260-0470 Fax 416-479-4371
www.amerixcorp.com
Amerix Updates Exploration at Limão Gold Project; Drill Target Outlined at South Grid
January 16, 2012 News Release 2012 - 01
TORONTO, CANADA - Amerix Precious Metals Corporation (TSX
Venture: APM) ("Amerix" or the "Company") reports that
incoming results from its 2011 exploration program have
outlined anomalous gold targets defined from geochemical
surveys that have been conducted across several grids
established on the Company's 10,000 hectare Limão Gold
Property, located in the Tapajós District, Pará State,
Brazil.
Amerix contracted Fugro Aviation of Brazil for an airborne
magnetic and radiometric survey over its property as reported
in News Release NR 2011 - 09. TerraNotes Ltd Geophysics of
Toronto provided additional interpretive consultation of the
airborne data. New grids, existing grid extensions and infill
lines have been completed as a continuation of Amerix's 2009
and 2010 geochemical surveys, as well as over new,
prospective areas identified from the airborne geophysical
data.
The geochemical grids cover an area of approximately 7.7
square kilometres of the approximate 100 square kilometre
Limão property. Grids were primarily sampled using a manual
auger to take 1 metre deep samples at 20 metre spacing along
the grid lines. Secondary, closer spaced grid lines and
sampling was done over areas with anomalous geochemical
results. Each grid line was mapped and every sample was
geologically logged and then prepared for shipping and
analysis. All samples were prepared at Acme Labs preparation
facility in Itaituba, Brazil and samples were shipped to
Acme's Santiago, Chile Laboratory for fire assay gold
analysis. The Company utilizes a QA/QC chain of custody
program overseen by its geologists concerning its samples.
Over 3,700 samples were taken during the 2011 program
covering 4 principal grid areas and the geochemical results
are presently being received by the Company in batches. These
4 grids are outlined on the accompanying Figure 1.
Complete results have been received for the South Grid
geochemical survey and these are presented in the
accompanying Figure 2. The South Grid covers 0.6 square
kilometres and was established primarily to cover an area of
past, small scale, informal mining. Importantly, the 2011
geochemical survey identified a significant soil anomaly at
the South Grid. The anomaly is defined by greater than 20 ppb
gold traceable for 350 metres along a 290 degree trend that
is coincident with the old workings. Company geologists have
identified quartz veining occurring along easterly to
westerly oriented, sheared contacts within predominantly
granitic host rocks as exposed in a shaft and a cut face at
the
- 2 - workings. Rock sampling and geologic mapping in the immediate vicinity of these workings and along the coincident gold geochemical anomaly will continue in the early 2012 exploration program. Amerix anticipates that this target will be developed for drill testing in the upcoming 2012 drill campaign. A second gold in soil anomaly occurs in the east section of this grid area. This anomaly extends for approximately 250 metres in an easterly to westerly direction and is open to the east. Additional geochemical and rock sampling will be undertaken to define the extensions of this target. Several other minor anomalies also occur on the South Grid and may be the subject of further detailed survey work.
Complete results from geochemical analyses for the other
three grids are expected later in the first quarter. The
Company will provide these results as it prepares for
drilling that is anticipated to begin after the rainy season
and later in the spring. Amerix is well funded to complete
its first drill campaign at the Limão project, located in the
historically gold rich Tapajós district of Brazil.
Mr. Ryan Grywul, P.Geo. 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 geologic 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. Amerix will continue to seek
exploration properties of merit via staking, acquisition or
merger. The Company's shares trade on the TSX Venture
Exchange under the symbol "APM" and at the
Frankfurt Stock Exchange under the symbol
"NJGN."
For further information, please contact: Amerix Precious
Metals Corporation
Steve Brunelle Dan Hamilton President and Chief Executive
Officer Chief Financial Officer Phone: 647-260-0470 Phone:
647-260-0470
steve.brunelle@amerixcorp.com dan.hamilton@amerixcorp.com
9,370,000 mN
N9,365,000 mN
CENTRAL
SUBBÃO
LEGEND
Outline of Soil Grid Area with Grid Name
SUBBÃO
Northern Reconnaissance
Soil Lines
Trace of Garimpo
Airstrip
Claim Outline
SCALE as SHOWN
9,360,000 mN
AMERIX PRECIOUS METALS CORP Limão Project
Pará State, Brasil
Property and Grid Work
Location Map
RG AMERIX
JAN,
2012
PRECIOUS METALS CORP.
9,364,000 mN
N?
?
?
?
9,363,500 mN
?
?
? ?
LEGEND
Limit of 1m-Auger
Soil Sample Grid
1m-Auger Soil
Sample Location
Au in 1-m Soil
Auger Contour
>= 100ppb Au
Open Cut
Abandoned Shaft or Drift
Limit of garimpo
Test Shafts
9,363,000 mN
AMERIX PRECIOUS METALS CORP Limão Project
Pará State, Brasil
South Grid
Au (ppb) in Soil Geochemistry Contours and Informal Workings
100ppb >= Au >= 50ppb
50 >= Au >= 25ppb
25 >= Au >= 15ppb
Au <= 15ppb
Old Crusher Shed
Tailings
Alluvial Working
Granite to Monzogranite
Outcrop or Bouldercrop
RG AMERIX
PRECIOUS METALS CORP.
JAN,
2012
SCALE as SHOW N
SAMPLE LOCATIONS NOT SURVEYED CI: 10m
distribué par | Ce noodl a été diffusé par Amerix Precious Metals Corporation et initialement mise en ligne sur le site http://www.amerixcorp.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-16 21:19:01 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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Amerix Updates Exploration at Limão Gold Project; Drill Target Outlined at South Grid |