Oct 30, 2007
Diamond drilling to test mineralization at depth
AMI Resources has signed a drill contract with Minerex Drilling Contractors for a planned diamond core drill program of thirteen HQ core holes over three resource zones within the North Ashanti Gold Project for a total of approximately 3,000 meters.
Several diamond holes are planned in the Beposo Southeast Zone to investigate the depth extensions to the multiple highgrade zones that were encountered during the last drill program. An example of one of the sections to be diamond drilled is displayed in the figure to the right, where we previously reported widths and grades of 18m of 4.48 g/t gold including 1m of 41.04 g/t gold.
Several diamond holes will also be drilled in the Beposo Main Zone area where during our last RC program this resource zone was extended an additional 250m to the north. An example of one of the sections to be diamond drilled in this area is displayed below, where we previously reported widths and grades of 31m of 2.94 g/t gold including 4m of 9.76 g/t gold.
A couple of holes will also be drilled under the Anuoro North Zone to test for any grade enrichment at depth. The Anuoro North Zone currently contains significant low-grade tonnage, which may be exploitable from shallow open pit mining and heap leach extraction.
The diamond core will also provide valuable structural information to verify current ore body models and for density measurements to be collected prior to the completion of ore resource estimations. This additional information will elevate the bulk of the resource estimate into a measured resource category. Results from the last drill program have added additional ounces to our already released 122,000-ounce resource at the Beposo Main Zone and ounces outlined at the Beposo Southeast Zone and Anuoro North Zone are being prepared for release in accordance with NI43-101.
Simon Meadows-Smith, principal of SEMS Exploration Services Ltd., is the qualified person responsible for the preparation of the technical information in this news release.
On behalf of the Board of Directors
Dustin A. Elford, President
Stock Price & Market Cap.
| TSX – V: AMU | 0.095 CAD -5.00% |
| Market Cap.: | 4.83M CAD |
Updated at 1:15pm on 3 Sept 2010
Share price information
Major Indices & Gold Price
| TSX | 12144.92 | +0.28% |
| TSX Venture | 1565.96 | +2.27% |
| Dow Jones | 10447.93 | +1.24% |
| Gold ($/oz) | 1249.20 | 0.00% |
August 31, 2010
7100 Meter Drill Program at Sirba Gold Project
May 4th, 2010
AMI Drill Reports on Sirba Gold Projects
March 30th, 2010
AMI Reports 13 Meters of 3.37 g/t Gold
March 10, 2010
AMI Reports 24 Meters of 3.08 g/t Gold
February 24, 2010
Update Sirba Gold Project
February 08, 2010
Drilling started at Sirba Gold Project
January 25th, 2010
AMI Grants Newmont Option on Anuoro
January 14th, 2010
Drill contract for Sirba Gold Project
Reports & Publications
Reports On Drilling Deba April 2010
Reports On Drilling Tialkam March 2010
SEMS Resource Report May 2008
Email Newsletter Signup
Register to receive notifications of the latest company news.