Amerix Precious Metal Corporation ("Amerix" or the "Company") (TSX
VENTURE:APM)(FRANKFURT:NJG) announces that core drilling has resumed at the Ouro
Roxo deposit on Amerix's Vila Porto Rico Property in the Tapajos District,
Brazil. This is the post-holiday resumption of the Company's new drilling
program that commenced in early September as reported in Amerix's press releases
dated October 1 and October 25, 2007. The upcoming drilling is being
concentrated in the Ouro Roxo North area and will continue to test both the
lateral and up dip continuity of the high-grade zones revealed by previous
drilling. Amerix will also re-drill at least two holes drilled previously by RTZ
for certification purposes.


Jeffrey Reeder, President and CEO of Amerix states: "The results of the new
drilling program have been very encouraging extending the Ouro Roxo
gold-mineralized zone at least 600 metres further north than the previously
known three kilometre long mineralized structure. Mineralization continues to be
open to the north towards the Pacu River." Amerix reported in a press release
dated December 13, 2007 the assay results for the first eight holes including an
intercept of 10.2 g/t Au over 10.7 metres in hole AORN 64. Samples from the
additional 18 holes drilled before the holiday break await analysis at SGS
Geosol Laboratorios Ltda. in Belo Horizonte, Brazil.


At the annual and special meeting of shareholders of Amerix held on Thursday,
January 17, 2008, the shareholders of the Company elected the four nominees of
management, Jeffrey Reeder, Gregory Liddy, William Whitehead and Luciano Borges,
to the board of directors of the Company and approved the new stock option plan
of the Company described in the management information circular dated December
17, 2007. Subject to regulatory approval, Amerix has granted incentive stock
options to its directors, officers, consultants and employees under the new
stock option plan for the purchase of 2,500,000 common shares of the Company for
a period of five years at a price of 30 cents per share. The grant of incentive
stock options contemplated in the press release dated December 3, 2007 was not
completed.


The board of directors of Amerix has appointed Jeffrey Reeder, Gregory Liddy and
William Whitehead as members of the audit committee of the board of directors
and has appointed Gregory Liddy as chairman of such committee.


About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario corporation exploring for
precious metals in Brazil. Vila Porto Rico and Limao are gold projects in the
Tapajos Gold Province in Brazil. The common shares of Amerix trade on the TSX
Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange
under the symbol "NJG". Additional information regarding the Corporation,
including the audited consolidated financial statements of Amerix for the
financial year ended July 31, 2007, and related management's discussion and
analysis of results, can be found on SEDAR at www.sedar.com.


The technical and scientific information in this release has been reviewed by
Mr. Lawrence Snee, Senior Consulting Geologist of Amerix, a Qualified Person as
described in NI 43-101, a geologist with more than 30 years of experience. Some
of the statements in this news release contain forward-looking information,
which involves inherent risk and uncertainty affecting the business of Amerix.
The grades identified herein are not fully defined, there is insufficient
exploration to define a mineral resource and it is uncertain if further
exploration will result in the discovery of an economic mineral resource on any
of the properties. Actual results may differ materially from those currently
anticipated in such statements.
Andean Precious Metals (TSXV:APM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Andean Precious Metals Charts.
Andean Precious Metals (TSXV:APM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Andean Precious Metals Charts.