Jan. 6, 2010 (TheNewswire.ca) --
January 6, 2009
Amerix Precious Metals Corporation (TSX Venture: APM, Frankfurt: NJG) has retained the services of Mr. Clinton Davis, P.Geo., to conduct an initial review on the Company's Limão property in the Tapajos Region in central Brazil and to prepare a 43-101 National Instrument report on the merit of the property. Mr. Davis visited the property in late 2009 and an independent random grab sample taken from the sulphide rich syeno-granitic intrusive rocks returned a high grade result of 57.4 grams per tonne gold or 1.67 ounces per tonne.
Mr. Davis's review and property visit confirmed the gold potential on the Limão gold property as reported in the Company's news release on November 2, 2009. Fourteen samples taken by the Company from the syeno-granitic intrusive rocks averaged 38.5 grams per tonne gold or 1.12 ounces per tonne. Values ranged from 2.37 to 106.6 grams per tonne gold or 0.069 to 3.76 ounces per tonne gold.
The Limão property is situated along the northwest-southeast Tocantinzinho trend. This trend hosts notable gold properties such as Eldorado and Brazauro Resources's (TSXV:BZO) Tocantinzinho property and Magellan Mineral's Cuiu-Cuiu property. Between 1987 and 1990, Mineração Pompeia carried out systematic prospecting in the area which included geochemical and geophysical surveys followed by a small drill program in an area previously mined by locals. Holes drilled under an open pit returned promising results, such as 47 grams per tonne gold over 13 metres and 18.7 grams per tonne gold over 6.8 metres. During 1994 and 1995, Barrick Gold (NYSE:ABX) (TSX:ABX) conducted a review of the area and took 15 samples of the syeno-granite in the pit area and returned values from 1.75 grams per tonne gold to 25 grams per tonne gold. Additional work conducted and reported by Barrick Gold also identified several gold anomalies outside the area of the open pit. It must be noted that the previous exploration has not been verified.
The independent random grab sample taken by Mr. Davis was prepared and analyzed at SGS Geosol Laboratories LTDA (a certified laboratory) in Brazil, by fire assay (50-gram) method with atomic absorption finish. Mr. Jeffrey Reeder, P.Geo, and President and CEO of Amerix, is a qualified person as defined in National Policy 43-101, and is responsible for all technical information contained in this news release.
About Amerix Precious Metals Corporation (TSXV:APM)
Amerix Precious Metals Corporation is an Ontario company exploring for precious metals in Brazil. Amerix's objective is to create value for shareholders through expansion of bedrock gold resources, and development of placer and tailings gold resources. Brazil has enormous gold potential and is a proven mining-friendly country. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJG."
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 Corporation's expectations are disclosed in the Corporation'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.
For further information, please contact:
Amerix Precious Metals Corporation
Jeffrey Reeder, CEO and President
Dan Hamilton, CFO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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