March 9, 2009
NORTH ASHANTI GOLD PROJECT UPDATE
As previously reported in the Company’s NI43-101 Resource Report, the 37 sq km Beposo concession contains two near surface gold deposits, the Beposo Main Gold zone (169,658 oz) and the Beposo SE Gold Zone (60,277 oz). The largely under explored 129 sq km Anuoro concession already contains two near surface gold zones, the Anuoro North (97,686 oz) and the Anuoro South. The Anuoro South Gold Zone, which had some of the highest grade drilling results to date (ie: 14 metres of 2.35 g/t gold) was excluded from the Resource Report estimate due to the poor correlation of anomalous values between adjoining sections. Further work aimed at nderstanding the structural controls should allow a reinterpretation of this gold zone for future inclusion in the resource category.
Last month AMI completed a stream sampling program over the remaining unexplored portions of the Anuoro concession. Results from this program identified several new areas with significantly high gold values. A pitting and trenching program will be undertaken to expand these areas for future drill programs. The Company is confident that the Anouro concession will host multiple near surface gold deposits that will add ounces to its current 327,621 oz gold resource.
Management is also in discussions with several companies whom have expressed an interest in a possible joint venture partnership.
AMI Resources Inc. also wishes to announce that due to possible conflicts of interest and reasons of a personal nature Mr. Terry Heard, P. Eng. has submitted his resignation as a director of AMI. During his tenor as a director Mr. Heard’s expertise as an exploration geologist and professional engineer has provided valuable guidance in the development of our North Ashanti Gold Project, in Ghana.
On behalf of all the directors we wish to thank Mr. Heard for his past contributions and wish him continued success
in his future business endeavors.
We seek Safe Harbor.
Stock Price & Market Cap.
|TSX – V: AMU||0.015 CAD 0.00%|
|Market Cap.:||0.19M CAD|
Updated at 10:40am on 21 Nov 2014
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