Amerix Announces That Drilling Resumes at Ouro Roxo and Grants Options
January 23 2008 - 12:02PM
Marketwired
TORONTO, ONTARIO (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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Amerix Precious Metals Corporation Jeffrey Reeder CEO
and President (647) 302-3290 CHF Investor Relations Jeanny So
Broker Relations Specialist (416) 868-1079, Ext. 225 Studer
Consulting Marlies E. Studer +41 44 215 28 03
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