VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2011) - Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc., (News - Market indicators)(PINK SHEETS:AMYZF) ("American Manganese" or the "Company") is pleased to report the Company has received results for the following 11 drill holes from its 2011 Artillery Peak drilling program. The results for first 27 drill holes have been previously announced.
The company initiated this drilling program on April 20, 2011 and was completed on June 17, 2011. It was performed using reverse circulation drilling techniques as the mineralization is disseminated and uniform. A total of 10,607 meters (34,800 ft) was drilled in 86 drill holes.
Mr. Reaugh states that, "We continue to be very pleased with the results of the first 37 holes. We are closing information gaps and increasing the amount of known mineralization on the patented claims along the northeast flank of Manganese Mesa. The extensive mineralization at Artillery Peak occurs within sedimentary beds taking the form of paleo-alluvial fans spreading out down slope from a number of source vents. As expected, the mineralized intersections continue to demonstrate the expected lateral continuity over good widths, augmented by local higher grade intersections."
The significant mineralized intersections for the following 11 drill holes are presented in the table below.
2011 DRILL PROGRAM
HOLE |
FROM (feet) |
TO (feet) |
FROM (meters) |
TO (meters) |
INTERVAL (meters) |
INTERVAL (feet) |
GRADE (%Mn) |
AP11-76 |
315 |
320 |
96.04 |
97.56 |
1.52 |
5 |
1.14 |
|
325 |
330 |
99.09 |
100.61 |
1.52 |
5 |
0.98 |
|
335 |
395 |
102.13 |
120.43 |
18.29 |
60 |
1.89 |
Including |
355 |
360 |
108.23 |
109.76 |
1.52 |
5 |
3.33 |
Including |
375 |
380 |
114.33 |
115.85 |
1.52 |
5 |
3.30 |
|
420 |
465 |
128.05 |
141.77 |
13.72 |
45 |
3.47 |
Including |
425 |
430 |
129.57 |
131.10 |
1.52 |
5 |
3.76 |
Including |
435 |
460 |
132.62 |
140.24 |
7.62 |
25 |
4.18 |
|
470 |
475 |
143.29 |
144.82 |
1.52 |
5 |
1.35 |
|
480 |
505 |
146.34 |
153.96 |
7.62 |
25 |
2.18 |
Including |
485 |
490 |
147.87 |
149.39 |
1.52 |
5 |
4.39 |
|
510 |
525 |
155.49 |
160.06 |
4.57 |
15 |
1.41 |
|
|
|
|
|
|
|
|
AP11-79 |
125 |
220 |
38.11 |
67.07 |
28.96 |
95 |
1.73 |
Including |
140 |
145 |
42.68 |
44.21 |
1.52 |
5 |
3.35 |
|
225 |
265 |
68.60 |
80.79 |
12.20 |
40 |
2.77 |
Including |
230 |
235 |
70.12 |
71.65 |
1.52 |
5 |
5.22 |
Including |
245 |
250 |
74.70 |
76.22 |
1.52 |
5 |
5.38 |
|
275 |
320 |
83.84 |
97.56 |
13.72 |
45 |
3.51 |
Including |
280 |
285 |
85.37 |
86.89 |
1.52 |
5 |
4.01 |
Including |
290 |
305 |
88.41 |
92.99 |
4.57 |
15 |
5.92 |
|
330 |
335 |
100.61 |
102.13 |
1.52 |
5 |
1.21 |
|
355 |
360 |
108.23 |
109.76 |
1.52 |
5 |
1.04 |
|
390 |
395 |
118.90 |
120.43 |
1.52 |
5 |
1.27 |
|
|
|
|
|
|
|
|
AP11-83 |
115 |
135 |
35.06 |
41.16 |
6.10 |
20 |
2.04 |
Including |
115 |
120 |
35.06 |
36.59 |
1.52 |
5 |
3.86 |
|
150 |
170 |
45.73 |
51.83 |
6.10 |
20 |
1.69 |
|
185 |
215 |
56.40 |
65.55 |
9.15 |
30 |
1.74 |
Including |
195 |
200 |
59.45 |
60.98 |
1.52 |
5 |
3.14 |
|
230 |
275 |
70.12 |
83.84 |
13.72 |
45 |
3.19 |
Including |
235 |
240 |
71.65 |
73.17 |
1.52 |
5 |
3.13 |
Including |
250 |
270 |
76.22 |
82.32 |
6.10 |
20 |
4.37 |
|
280 |
285 |
85.37 |
86.89 |
1.52 |
5 |
2.57 |
|
290 |
315 |
88.41 |
96.04 |
7.62 |
25 |
2.53 |
Including |
305 |
315 |
92.99 |
96.04 |
3.05 |
10 |
3.09 |
|
320 |
325 |
97.56 |
99.09 |
1.52 |
5 |
1.61 |
|
|
|
|
|
|
|
|
AP11-86 |
155 |
160 |
47.26 |
48.76 |
1.52 |
5 |
0.97 |
|
170 |
225 |
51.83 |
68.60 |
16.77 |
55 |
2.32 |
Including |
175 |
180 |
53.35 |
54.88 |
1.52 |
5 |
3.79 |
Including |
195 |
200 |
59.45 |
60.98 |
1.52 |
5 |
3.96 |
|
250 |
255 |
76.22 |
77.74 |
1.52 |
5 |
1.92 |
|
275 |
290 |
83.84 |
88.41 |
4.57 |
15 |
3.72 |
Including |
275 |
285 |
83.84 |
86.89 |
3.05 |
10 |
4.81 |
|
310 |
330 |
94.51 |
100.61 |
6.10 |
20 |
3.80 |
Including |
310 |
325 |
94.51 |
99.09 |
4.57 |
15 |
4.27 |
|
335 |
345 |
102.13 |
105.18 |
3.05 |
10 |
4.30 |
Including |
335 |
340 |
102.13 |
103.66 |
1.52 |
5 |
7.43 |
|
405 |
415 |
123.48 |
126.52 |
3.05 |
10 |
1.41 |
|
420 |
425 |
128.05 |
129.57 |
1.52 |
5 |
1.12 |
|
|
|
|
|
|
|
|
AP11-88 |
40 |
45 |
12.20 |
13.72 |
1.52 |
5 |
1.30 |
|
55 |
110 |
16.77 |
33.54 |
16.77 |
55 |
1.92 |
Including |
85 |
90 |
25.91 |
27.44 |
1.52 |
5 |
3.38 |
|
130 |
135 |
39.63 |
41.16 |
1.52 |
5 |
1.48 |
|
155 |
170 |
47.26 |
51.83 |
4.57 |
15 |
2.34 |
|
205 |
225 |
62.50 |
68.60 |
6.10 |
20 |
2.84 |
Including |
205 |
215 |
62.50 |
65.55 |
3.05 |
10 |
4.34 |
|
240 |
250 |
73.17 |
76.22 |
3.05 |
10 |
2.93 |
Including |
245 |
250 |
74.70 |
76.22 |
1.52 |
5 |
4.07 |
|
255 |
260 |
77.74 |
79.27 |
1.52 |
5 |
1.02 |
|
|
|
|
|
|
|
|
AP11-90 |
40 |
65 |
12.20 |
19.82 |
7.62 |
25 |
1.60 |
|
95 |
105 |
28.96 |
32.01 |
3.05 |
10 |
2.11 |
Including |
95 |
100 |
28.96 |
30.49 |
1.52 |
5 |
3.01 |
|
130 |
135 |
39.63 |
41.16 |
1.52 |
5 |
2.13 |
|
140 |
150 |
42.68 |
45.73 |
3.05 |
10 |
3.44 |
Including |
145 |
150 |
44.21 |
45.73 |
1.52 |
5 |
5.52 |
|
|
|
|
|
|
|
|
AP11-92 |
40 |
45 |
12.20 |
13.72 |
1.52 |
5 |
1.04 |
|
65 |
75 |
19.82 |
22.87 |
3.05 |
10 |
1.51 |
|
105 |
130 |
32.01 |
39.63 |
7.62 |
25 |
3.68 |
Including |
115 |
120 |
35.06 |
36.59 |
1.52 |
5 |
5.02 |
Including |
125 |
130 |
38.11 |
39.63 |
1.52 |
5 |
6.14 |
|
|
|
|
|
|
|
|
AP11-94 |
20 |
30 |
6.10 |
9.15 |
3.05 |
10 |
1.50 |
|
40 |
60 |
12.20 |
18.29 |
6.10 |
20 |
1.41 |
|
90 |
95 |
27.44 |
28.96 |
1.52 |
5 |
1.06 |
|
140 |
145 |
42.68 |
44.21 |
1.52 |
5 |
1.27 |
|
150 |
165 |
45.73 |
50.30 |
4.57 |
15 |
1.65 |
|
175 |
180 |
53.35 |
54.88 |
1.52 |
5 |
1.29 |
|
|
|
|
|
|
|
|
AP11-100 |
120 |
125 |
36.59 |
38.11 |
1.52 |
5 |
1.79 |
|
135 |
175 |
41.16 |
53.35 |
12.20 |
40 |
1.55 |
|
190 |
195 |
57.93 |
59.45 |
1.52 |
5 |
1.60 |
|
240 |
285 |
73.17 |
86.89 |
13.72 |
45 |
2.64 |
Including |
245 |
250 |
74.70 |
76.22 |
1.52 |
5 |
3.41 |
Including |
270 |
275 |
82.32 |
83.84 |
1.52 |
5 |
6.92 |
|
290 |
295 |
88.41 |
89.94 |
1.52 |
5 |
1.10 |
|
305 |
335 |
92.99 |
102.13 |
9.15 |
30 |
1.43 |
|
360 |
375 |
109.76 |
114.33 |
4.57 |
15 |
1.72 |
|
|
|
|
|
|
|
|
AP11-101 |
165 |
195 |
50.30 |
59.45 |
9.15 |
30 |
3.33 |
Including |
170 |
185 |
51.83 |
56.40 |
4.57 |
15 |
4.63 |
|
200 |
210 |
60.98 |
64.02 |
3.05 |
10 |
2.14 |
Including |
205 |
210 |
62.50 |
64.05 |
1.52 |
5 |
3.03 |
|
215 |
240 |
65.55 |
73.17 |
7.62 |
25 |
1.54 |
|
255 |
285 |
77.74 |
86.89 |
9.15 |
30 |
1.40 |
|
|
|
|
|
|
|
|
AP11-102 |
460 |
490 |
140.24 |
149.39 |
9.15 |
30 |
1.72 |
|
510 |
530 |
155.49 |
161.59 |
6.10 |
20 |
1.61 |
Assays were performed by ALS Chemex in Sparks, Nevada. Further results will be reported as they are received.
The current NI 43-101 compliant resource estimate of the Artillery Peak Manganese deposit includes an Indicated resource of about 92.8 million tonnes grading 3.27% Mn (6.7 billion lbs contain Mn), and an Inferred resource of about 107.2 million tonnes grading 3.76% Mn (8.9 billion lbs contained Mn).
About Manganese
China controls electrolytic manganese production (EMM) supplying and producing 98.44% of the world's needs (3.0 billion pounds per year).
There is no substitute for manganese in steel (total manganese market greater than 31 billion pounds per year, fourth largest traded metal).
Manganese is the most critical metal at risk to supply and restriction in the United States as there is no US production. EMM's greatest uses are the upgrading of specialty steel (47%), and the manufacture of aluminum alloys (32%) and electronics (14%).
Electrolytic manganese dioxide (EMD) for the battery industry is expected to be the fastest growing segment of the manganese market.
China has a 20% export duty on EMM and the US has a 14% import duty; (US Price $1.81/lb) the current world price for Electrolytic Manganese Metal is about $1.54/lb. Manganese resources are declining in China especially carbonate ores for production of EMM, forcing Chinese companies to seek production offshore.
China is currently shutting down production of EMM in several provinces for environmental reasons.
China production of EMM predicted to fall 500 – 700,000 T's out of 1.4 million T's in next 3 – 5 years.
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
This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. 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, the British Columbia Securities Commission and the US Securities and Exchange Commission.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.