Amerix drills 0.5 m of 13,947 ppb Au at Vila Porto Rico
2006-12-28 12:16 ET - News Release
Mr. John Andrews reports
AMERIX ANNOUNCES DRILL RESULTS FROM NOVA BRASILIA
Amerix Precious Metals Corp. is releasing additional assay results from the 2006 exploration program at the Nova Brasilia prospect on its Vila Porto Rico (VPR) gold property in Para State, Brazil. The program, which was completed in October, comprising a total of 2,564.5 metres of diamond drilling in 15 holes on the Nova Brasilia shear zone at VPR.
The drill and assay results revealed that gold is associated with sulfide-rich zones that have formed along brittle fractures. Several high-grade gold-bearing sulfide zones were intersected, and these zones appear to be continuous for a long distance (900 metres). The association of gold with pyrite and chalcopyrite in brittle-fracture zones makes the Nova Brasilia prospect highly favourable for prospecting by electromagnetic geophysical methods that are planned for early in 2007.
For previously released results please see Stockwatch's report of Sept. 21, 2006. The assay results from the Nova Brasilia program which have been received to date are provided on the Corporation's website.
Highlights of the assays from the 15 holes at Nova Brasilia are as follows:
Azimuth/dip/ Assay values over 500 ppb Total depth Hole degrees/degrees From (m) -- To (m) Length (m) Grade No. /metres Section Au (ppb)
72.00 -- 73.00 equals 1.00 2,114 ANB-9 270 / -50 / 119 4,200S 80.12 -- 80.62 equals 0.50 964 82.50 -- 83.47 equals 0.97 8,893
54.00 -- 55.00 equals 1.00 1,345 ANB-10 270 / -70 / 187 4,200S 140.00 -- 141.00 equals 1.00 1,076 179.00 -- 180.00 equals 1.00 507
ANB-13 270 / -50 / 110 4,200S 84.00 -- 84.51 equals 0.51 620
ANB-14 270 / -70 / 204 4,200S 149.00 -- 150.00 equals 1.00 1,979
36.00 -- 37.00 equals 1.00 1,522 ANB-15 270 / -50 / 128 4,300S 94.00 -- 95.00 equals 1.00 4,614
ANB-17 270 / -50 / 174 4,400S 61.00 -- 62.00 equals 1.00 5,833
ANB-18 270 / -70 / 200 4,400S 139.00 -- 139.96 equals 0.96 590
ANB-21 270 / -50 / 155 4,600S 143.00 -- 144.00 equals 1.00 525
183.00 -- 184.00 equals 1.00 2,629 192.00 -- 193.00 equals 1.00 1,380 ANB-22 270 / -70 / 247 4,600S 195.00 -- 196.00 equals 1.00 8,720 221.00 -- 222.00 equals 1.00 4,428 230.00 -- 231.00 equals 1.00 734
ANB-23 90 / -50 / 117 4,700S 89.58 -- 90.16 equals 0.58 721
ANB-24 90 / -70 / 214 4,700S No values greater than 500 ppb
28.00 -- 29.00 equals 1.00 1,800 ANB-25 90 / -50 / 174 4,600S 39.00 -- 40.00 equals 1.00 3,875 50.00 -- 51.00 equals 1.00 506
45.60 -- 46.10 equals 0.50 13,947 51.10 -- 52.20 equals 1.10 646 ANB-26 90 / -70 / 174 4,800S 58.00 -- 59.00 equals 1.00 635 61.00 -- 62.00 equals 1.00 723
33.44 -- 34.00 equals 0.56 624 71.00 -- 72.00 equals 1.00 1,540 ANB-31 90 / -50 / 125 5,055S 74.00 -- 75.00 equals 1.00 1,419 89.00 -- 91.00 equals 2.00 886
132.00 -- 133.00 equals 1.00 5,387 ANB-32 90 / -70 / 204 5,055S 134.00 -- 138.01 equals 4.01 610
Drill core chemical analyses were performed by SGS Lakefield/Geosol of Belo Horizonte, Brazil, an ISO/IEC 17025- and ISO 9002-certified assayer.
The technical and scientific information herein has been reviewed by president and chief executive officer of the corporation, PEng (Ontario), a qualified person as defined by National Instrument 43-101.
Amerix also reported that for the first quarter ended Oct. 31, 2006, the corporation incurred a loss of nil per share. The quarterly financial statements and management's discussion and analysis are available for review on the corporation's website and on SEDAR.
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