MONTREAL, QUEBEC, Jan. 6, 2011 (Marketwire) --
Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") announces that it has granted a drilling contract for its Malartic JV property located 25 km Northwest of Val-d'Or, QC, and about 7 km North of the town of Malartic,Quebec.
Magma Drilling Inc. of Rouyn-Noranda, QC, has been selected and granted the drilling contract to complete this diamond drill program which will consist of ten (10) inclined drill holes for a total of approximately three thousand (3,000) meters. The Magma Drilling team and equipment is expected to start its mobilization onto the property within the next few days.
The locations of the ten (10) drill holes were determined following the integration, compilation and interpretation of all available historical geological and geophysical data and documents covering the property, including the recently completed Induced Polarisation and Magnetometric surveys completed in October 2010 by Abitibi Geophysics. These surveys outlined the presence of many anomalies, highlighted by the presence of several conductors at times associated with high Magnetic signatures.
The Malartic Property is made up of twenty (20) contiguous mineral claims covering an area of 720 hectares located within the Malartic Township, Quebec (NTS-32D-01). The property is the object of a Joint-Venture agreement between Amseco Exploration Ltd. and Les Mines JAG Ltee.
Luciano Vendittelli, P. Geo. (Quebec) and Roger Moar, P. Geo. (Quebec), the consulting geologists on the Malartic property, are Qualified Persons under National Instrument NI-43-101.
Luciano Vendittelli, P. Geo. (Quebec), is responsible for the preparation of this press release.
Forward Looking Statements
This news release may contain certain forward looking statements within the meaning of the Canadian securities legislation. These forward looking statements relate to the company's future exploration plans, activities and expenditures with regards to the property. The forward looking statements within this news release represent the company's management best knowledge and judgment based on the current facts available at the time of this news release. Forward looking statements involve a certain amount of known and unknown risks and factors which may cause the actual results and achievements of the company to be materially different from the company's expectations, objectives and projections.
We seek safe harbor
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Amseco Exploration Ltd.
President and Director