American Manganese Continues to Hit Thick Intersections of Manganese
Mineralization
July 7,
2010 - Vancouver, British Columbia
Larry W.
Reaugh, President and Chief Executive Officer of American Manganese Inc.,
(TSX.V: AMY; Pink Sheets: AMYZF) (�American Manganese� or the �Company�) is
pleased to report the Company has received results from its on going Artillery
Peak drilling program for drill hole numbers 44 � 46 located on the North
Maggie zone of the Manganese Mesa and drill hole numbers 47 and 48 which are
located on the South Maggie zone of the Manganese Mesa (from its on going
Artillery Peak drilling program). Results
for drill holes 1 through 43 have been announced previously.
The mineralization at Artillery Peak Mohave
County, Arizona takes the form of paleo-alluvial fans spreading out down slope
from a number of source vents.
Up to and including hole number AP10-48, 4,008
meters (13,150 ft) has been drilled in 48 holes and the significant results
from holes 44 � 48 are shown in the following table.
Assays were performed by ALS Chemex in Sparks, Nevada. Further results
will be reported as they are received.
About Manganese
China
controls electrolytic manganese production (EMM) supplying and producing 97.44%
of the worlds needs (2.6 billion pounds per year).There is no substitution for
manganese in steel (total manganese market greater than 30 billion pounds per
year, fourth largest traded metal).The most critical metal at risk to supply
and restriction in the United States. No US production. EMM�s
greatest uses are upgrading specialty steel 47%, manufacture of aluminum 32%
and electronics 14%.China has a 20% export duty on EMM and the US has a 14%
import duty, world price is $1.22/lb. and US price is $1.55/lb.Manganese
resources are declining in China.Overall manganese market grew at 8% per year
to 30 billion pounds up to 2008. EMM market grew at 26% per year from
2003 � 2008 to 2.6 billion pounds per year.
About American
Manganese Inc.
American Manganese Inc. is
a diversified specialty and critical metal Company focusing on potentially
becoming the lowest cost producer of electrolytic manganese from its Arizona
Manganese Project
This release has been
reviewed by Norman L. Tribe, P.Eng. a qualified person pursuant to National
Instrument 43-101.
On behalf of Management
AMERICAN
MANGANESE INC.
Larry W.
Reaugh
President and Chief Executive Officer
Information
Contact
Larry W.
Reaugh
President
and Chief Executive Officer
Head
Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone:
604-531-9639 Facsimile: 604-531-9634
www.americanmanganeseinc.com
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