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Amerix Restarts Drilling at Limao Gold Property in Brazil
Published : November 14, 2012
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Keywords :   Amerix | Brazil | Gold | Metals X | Precious Metals |

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2012) - Amerix Precious Metals Corp. (News - Market indicators)(FRANKFURT:NJGN) 'Amerix' or 'the Company') is pleased to announce that after completing a November financing (see News Release dated October 30, 2012), the Company has recommenced drilling at its 100% owned Limão Gold Property located in the Tapajós Gold Province, Pará State, Brazil. The Company and its drill contractor expect to be able to drill up to the Brazilian Christmas Holiday, after which, efficient drilling will be precluded by the usual "rainy season" for the district.

In the Company's 2012 initial drill program at the property, 14 holes were drilled on 2 geochemical gold targets. Present drilling will be focused in the area of the Limão Pit target, where earlier high grade gold intersections of 53.85 grams gold per tonne over 14.38 metres in hole LDH-11, 6.95 grams gold per tonne over 5.74 metres in hole LDH-13 and 21.12 grams gold per tonne over 9.03 metres in hole LDH-14 have been encountered and reported in News Release 2012 - 12, dated September 5, 2012. These results follow the high grade gold intercepts from the Limão Pit, reported earlier in Company News Releases 2012-09, dated June 14, 2012, and 2012-11, dated July 10, 2012.

Amerix is excited by the high grade gold intercepts encountered in its initial drilling campaign at the Limão Pit where gold is occurring in potassic and hematite altered, syenitic intrusive rocks that are strongly mineralized with pyrite. These syenites show little deformational fabric and the pyrite occurs in disseminations, clots and along fractures. The style of gold mineralization can be seen in drill core photos that are posted at the Company's website for each drill hole. The Company will be drilling to extend the zone of gold mineralization and to continue the Company's understanding of the controls of the gold mineralization.

Amerix's exploration team has been continuing its soil geochemical surveying at the Limão concessions, a large >10,000 hectare property. Present soil grids have been extended to encompass newly identified targets along favorable trends for further surface exploration and future drill testing.

Additionally, the Company is pleased to report that it has completed its "Due Diligence" of the Serra Dourada properties adjoining to the northwest of the Limão Gold Property. Amerix has notified the optionors that the Company will proceed with the terms of the property option. The Company's geologists are optimistic of the potential of these Serra Dourada properties consisting of > 7000 hectares located along the northwest Tocantinzinho structural trend. Many artisanal workings are located on these properties and will be the focus of geochemical surveys over the coming year.

Mr. Ryan Grywul, P. Geo., and Vice President, Corporate Development for Amerix, and a qualified person as defined in National Policy 43-101 is responsible for all technical information contained in this news release.

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario company, managed by an experienced team, exploring for precious metals in Brazil. Amerix's objective is to create value for shareholders through the delineation and expansion of bedrock gold resources, and realization of value from placer and tailings gold resources at the Company's properties. Brazil has significant gold potential and is a proven mining-friendly country. Amerix will continue to seek exploration properties of merit via staking, acquisition or merger. The Company's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJGN".

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and, among others, the Ontario Securities Commission as well as under the heading "Risk Factors" in the Management Discussion and Analysis.

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.

Amerix Precious Metals Corporation
Steve Brunelle
President and Chief Executive Officer
647-260-0470
steve.brunelle@amerixcorp.com
or
Amerix Precious Metals Corporation
Dan Hamilton
Chief Financial Officer
647-260-0470
dan.hamilton@amerixcorp.com
www.amerixcorp.com
Data and Statistics for these countries : Brazil | All
Gold and Silver Prices for these countries : Brazil | All
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Amerix Precious metals Corp

EXPLORATION STAGE
CODE : APM.V
ISIN : CA03075E2024
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Annual reports of Amerix Precious metals Corp
Annual Report 2007
Financings of Amerix Precious metals Corp
10/30/2012Announces Closing of Private Placement
6/2/2011ANNOUNCES C$4 MILLION BOUGHT DEAL FINANCING
4/7/2011Shareholders Approve Special Resolution Authorizing Consolid...
11/16/2007ACCELERATION OF WARRANTS EXPIRATION
8/9/2007Completes private Placement
7/31/2007Increases Size of Private Placement Financing
7/12/2007 Announces Brokered Private Placement
Nominations of Amerix Precious metals Corp
12/19/2007APPOINTS SENIOR MINING EXECUTIVE TO THE BOARD OF DIRECTORS
12/3/2007CHANGES THE BOARD OF DIRECTORS AND ANNOUNCES THE APPOINTMENT...
Project news of Amerix Precious metals Corp
1/21/20132012 PHASE 2 DRILL RESULTS AT AMERIX=E2??S LIM=C3?O GOLD =?U...
11/14/2012(Limao)Restarts Drilling at Limao Gold Property in Brazil
5/24/2011(Limao Proprety)INITIAL TECHNICAL REPORT FILED FOR LIMAO GOLD PROPERTY
8/1/2007(Limao Proprety)Update on the Limao Property
6/25/2007(Vila Porto Rico)Reports on very High-Grade Channel Sampling at Vila Porto Ri...
Corporate news of Amerix Precious metals Corp
11/26/2013REVIEWS STRATEGIC ALTERNATIVES
4/15/2013OUTLINES NEW GOLD IN SOIL GEOCHEMICAL ANOMALY AT SOUT
11/14/2012News Release - Nov. 14, 2012
10/30/2012News Release Oct 30, 2012
9/26/2012News Release Sep 26, 2012
7/10/2012News Release July 10, 2012
6/14/2012News Release Jun 14, 2012
6/7/2012News Release June 7, 2012
5/22/2012News Release May 22, 2012
5/15/2012News Release May 14, 2012
4/18/2012News Release
4/2/2012April 2, 2012
2/21/2012Feb 21, 2012
1/16/2012News Release
10/18/2011News Release Oct 18, 2011
7/19/2011News Release
6/22/2011News Release Jun 22, 2011
1/23/2008ANNOUNCES THAT DRILLING RESUMES AT OURO ROXO AND GRANTS OPTI...
12/14/2007Amerix Reports 10,2 grams/ton gold over 10,70 mètres
10/24/2007REPORTS THAT CORE DRILLING CONTINUES AT OURO ROXO
10/1/2007Announces signing contracts with Geosol and Kluane to resume...
6/29/2007Announces Financial Statement
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