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American Manganese Inc. Reviews High Grade Potential at Rocher Deboule
May 6, 2015 - Vancouver, BC
Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (�American Manganese� or the �Company�), (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM), is pleased to review the potential for high grade zones within its Rocher Deboule property located 8 kilometers south of Hazelton, BC. The area has excellent infrastructure with electric grid power, the Yellowhead Highway (Highway 16), and the Canadian National Railway line passing through nearby Hazelton.
The potential for a high-grade iron oxide copper gold (IOCG) target on the Rocher Deboule property is documented in the 2002 British Columbia Ministry of Energy and Mines, Geological Survey Branch publication �Fe-Oxide Cu-Au Deposit Potential�. The deep seated structural setting of the Rocher Deboule occurrence combined with a geochemical signature similar to other IOCG deposits increases the potential for an IOCG�type high grade and tonnage resource at depth. This may be suitable for a larger scale development scenario.
The British Columbia Department of Mines and Petroleum Resources in its Bulletin No. 43, �Geology of the Rocher Deboule Range by A. Sutherland Brown (1960)� identified that the Rocher Deboule property contains high grade gold/silver/copper/cobalt/ molybdenum veins that have been mined in the past.
For example, from page 60 of this Bulletin No. 43, the recorded production of the Rocher Deboule Mine is as follows:
Year Tons Gold Silver Copper Lead Zinc
Oz. Oz. Lb. Lb. Lb.
1915 17,000 1,418 21,893 2,788,000 0 0
1916 16,760 1,184 16,738 1,753,225 0 0
1917 2,889 781 7,987 714,871 0 0
1918 3,184 832 16,247 635,870 0 0
1929 72 10 2,972 6,120 751 7,219
1952 12,814 267 18,640 305,498 0 0
Total 52,719 4,492 84,477 6,203,584 751 7,219
The majority of the precious metals and copper was produced from 1915 through 1918.
Furthermore from page 70 of this Bulletin No. 43, the recorded production of the Victoria Mine (now part of the Rocher Deboule property) is as follows:
Year Tons Gold Silver Arsenic Molybdenum Cobalt Zinc
Oz/t Oz/t % % % %
1918 26..6 1.24 * 8.98 0.96 1.18 *
1926 22.0 4.65 * 42.30 * 4.60 *
1928 23.0 6.25 * 37.90 3.40 3.76 *
1940 7.7 2.18 0.20 6.60 * 1.40 Nil
1941 7.3 2.02 0.20 6.10 * * 0.60
1941 3.4 3.92 0.30 33.30 * * 4.40
Total 90.0 326 0z. 44,560 Lb. 2100 Lb. 4918 Lb.
* Not Available
Sutherland Brown also reported that in 1917 shipment of 75 tons from the Highland Boy claim yielded 4 ounces of gold, 35 ounces of silver and 10,493 pounds of copper. A separate shipment of 29 tons from the cap yielded 3 ounces of gold, 252 ounces of silver and 3,376 pounds of copper.
A 14-hole underground Diamond drill program was carried out by Southern Gold Resources in 1988 on the Rocher Deboule No. 2 Vein. Nine holes intersected mineralization grading from 0.018 to 1.26 oz/t gold; 2.63 to 36.2 oz/t silver; and 0.80% to 6.86% copper over widths ranging from 0.40 to 5.55 meters. Further underground sampling in 1987 and 1988 identified good grades at deeper levels on the No. 2 Vein.
Surface sampling programs carried out in 2002 and 2004 by A. Kikauka identified high grade occurrences along the No. 4 Vein and the Victoria No.1 Vein. Eleven samples collected from the No. 4 Vein graded between 0.011 ppm to 14.80 ppm gold. Four samples collected along the Victoria No. 1 Vein returned 154.14 ppm, 125.13 ppm, 59.29 ppm, and 1.41 ppm gold respectively.
The above tables, historical drilling and sampling results were included in the December 18, 2007 NI 43-101 compliant report prepared for the Company by A. A. Burgoyne, P. Geo., M. Sc., and A. Kikauka, P. Geo.
The Company is seeking a joint venture partner that is interested in developing a potential high grade production scenario suitable for a small scale operator.
All of the historical estimates mentioned above may not be compliant with National Instrument 43-101 and should not be relied upon. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimates as current mineral resources or mineral reserves.
This release has been reviewed by Michael MacLeod, P. Eng., a qualified person pursuant to National Instrument 43-101.
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 products from its Arizona Manganese Project.
On behalf of Management
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Information Contacts:
Larry W. Reaugh
President and Chief Executive Officer
778-574-4444
Email: lreaugh@amymn.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.. This news release may contain �forward-looking statements�, which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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