Apr 16 2013
Amerix Precious Metals Corporation ('Amerix' or 'the Company') is pleased to report geochemical survey results completed at the Company's Limao gold project located in the Tapajos district of Brazil. Amerix is exploring its large, 18,000 hectare property where it has followed up its geochemical survey results by drilling priority gold targets.
The Company has now drilled the Central Grid, "Limao Pit Target" and the South Grid, "Jorge Zone Target" during the 2012 drilling campaigns. High grade gold has been intercepted by drilling at both target areas. Geochemical surveying has been the most productive exploration method for outlining these targets at the project.
Amerix has extended and infilled geochemical survey grid lines at the eastern margin of the Limao South Grid. Earlier in 2012, the Company completed 4 drill holes at the South Grid, targeting gold mineralization that was indicated in shear hosted quartz veins exposed in old workings and more broadly identified in a 400 metre long, east-west trending, gold geochemical anomaly (See News Release 2012 - 01). Drill hole intersections of 7.36 g/t gold across 1 metre and 39.4 g/t gold across 0.5 metre highlighted the results from the 4 drill holes which intersected numerous zones of anomalous gold occurring with pyrite, primarily in sheared and silicified granitic rocks. This is referred to as the "Jorge Zone". (See News Release 2012 - 12).
The extended and infilled geochemical survey grid lines followed up a second anomalous gold geochemical feature centred 400 metres northeast of the drilled "Jorge Zone". This gold in soil geochemical anomaly, the "Atilio Zone" has now been traced for approximately 350 metres along an east-west trend and has a variable width of 100 to 200 metres. Anomalous gold values range from 25 to 250 ppb. Company geologists interpret the extended anomalies to be a parallel system of shear hosted veins with gold mineralization. The gold in soil geochemical anomaly may extend further to the east-southeast and this will need to be determined by further extending the grid.
To view a map image of the South Grid, please copy and paste the URL below into a new browser:
http://amerixcorp.com/pressreleases/SZ_SOIL_CONTOUR_DRILL_HIGHLIGHTS_UPDATE_p.pdf.
The entire South Grid was originally sampled using a manual auger to take 1-metre deep samples at 20 metre spacings along north-south grid lines spaced 100 metres apart. Secondary, closer spaced grid lines (20 metres apart) were sampled in the areas of anomalous gold and particularly in the eastern extension area. 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.
In the coming months, Amerix expects to release additional geochemical survey results from exploration work carried out at the Limao property and from the adjoining Serra Dourada optioned property.
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.
Source: http://amerixcorp.com