Drilling Continues to Encounter Thick Zones of Manganese
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 for the following 11 holes from its 2011 Artillery Peak
drilling program. The results for first 48 drill holes have been
previously announced.
The company initiated the
drilling program on April 20, 2011 and 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 have now reported for just over
two-thirds of the program drill holes, and are very pleased with the
results. The results of Drill Hole 95 and 107 are particularly
outstanding. 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)
|
AP11-85
|
20
|
65
|
6.10
|
19.82
|
13.72
|
45
|
2.40
|
Including
|
50
|
60
|
15.24
|
18.29
|
3.05
|
10
|
4.82
|
|
445
|
460
|
135.67
|
140.24
|
4.57
|
15
|
2.08
|
|
495
|
505
|
150.91
|
153.96
|
3.05
|
10
|
1.46
|
|
510
|
520
|
155.49
|
158.54
|
3.05
|
10
|
1.27
|
|
530
|
540
|
161.59
|
164.63
|
3.05
|
10
|
1.29
|
|
|
|
|
|
|
|
|
AP11-89
|
0
|
5
|
0.00
|
1.52
|
1.52
|
5
|
0.93
|
|
10
|
50
|
3.05
|
15.24
|
12.20
|
40
|
1.67
|
|
60
|
65
|
18.29
|
19.82
|
1.52
|
5
|
1.10
|
|
85
|
95
|
25.91
|
28.96
|
3.05
|
10
|
2.98
|
Including
|
85
|
90
|
25.91
|
27.44
|
1.52
|
5
|
5.02
|
|
110
|
115
|
33.54
|
35.06
|
1.52
|
5
|
2.57
|
|
120
|
125
|
36.59
|
38.11
|
1.52
|
5
|
3.73
|
|
|
|
|
|
|
|
|
AP11-91
|
20
|
40
|
6.10
|
12.20
|
6.10
|
20
|
5.65
|
Including
|
20
|
35
|
6.10
|
10.67
|
4.57
|
15
|
6.75
|
|
90
|
95
|
27.44
|
28.96
|
1.52
|
5
|
0.92
|
|
|
|
|
|
|
|
|
AP11-95
|
190
|
195
|
57.93
|
59.45
|
1.52
|
5
|
0.97
|
|
200
|
270
|
60.98
|
82.32
|
21.34
|
70
|
3.10
|
Including
|
210
|
215
|
64.02
|
65.55
|
1.52
|
5
|
6.89
|
Including
|
225
|
230
|
68.60
|
70.12
|
1.52
|
5
|
3.05
|
Including
|
245
|
250
|
74.70
|
76.22
|
1.52
|
5
|
5.48
|
Including
|
255
|
260
|
77.74
|
79.27
|
1.52
|
5
|
3.69
|
|
280
|
290
|
85.37
|
88.41
|
3.05
|
10
|
1.88
|
|
305
|
310
|
92.99
|
94.51
|
1.52
|
5
|
1.07
|
|
315
|
325
|
96.04
|
99.09
|
3.05
|
10
|
2.61
|
|
330
|
345
|
100.61
|
105.18
|
4.57
|
15
|
2.76
|
Including
|
330
|
335
|
100.61
|
102.13
|
1.52
|
5
|
3.70
|
|
370
|
385
|
112.80
|
117.38
|
4.57
|
15
|
1.47
|
|
|
|
|
|
|
|
|
AP11-96
|
60
|
65
|
18.29
|
19.82
|
1.52
|
5
|
0.98
|
|
80
|
120
|
24.39
|
36.59
|
12.20
|
40
|
1.87
|
Including
|
85
|
95
|
25.91
|
28.96
|
3.05
|
10
|
3.84
|
|
135
|
140
|
41.16
|
42.68
|
1.52
|
5
|
2.20
|
|
170
|
175
|
51.83
|
53.35
|
1.52
|
5
|
1.29
|
|
185
|
195
|
56.40
|
59.45
|
3.05
|
10
|
1.88
|
|
200
|
205
|
60.98
|
62.50
|
1.52
|
5
|
1.16
|
|
|
|
|
|
|
|
|
AP11-97
|
240
|
245
|
73.17
|
74.70
|
1.52
|
5
|
1.09
|
|
260
|
350
|
79.27
|
106.71
|
27.44
|
90
|
2.47
|
Including
|
280
|
285
|
85.37
|
86.89
|
1.52
|
5
|
3.21
|
Including
|
290
|
295
|
88.41
|
89.94
|
1.52
|
5
|
3.23
|
Including
|
300
|
305
|
91.46
|
92.99
|
1.52
|
5
|
4.31
|
Including
|
340
|
345
|
103.66
|
105.18
|
1.52
|
5
|
3.35
|
|
355
|
415
|
108.23
|
126.52
|
18.29
|
60
|
1.78
|
|
425
|
460
|
129.57
|
140.24
|
10.67
|
35
|
3.16
|
Including
|
440
|
455
|
134.15
|
138.72
|
4.57
|
15
|
4.85
|
|
480
|
495
|
146.34
|
150.91
|
4.57
|
15
|
2.02
|
|
500
|
505
|
152.44
|
153.96
|
1.52
|
5
|
1.58
|
|
|
|
|
|
|
|
|
AP11-99
|
0
|
10
|
0.00
|
3.05
|
3.05
|
10
|
1.43
|
|
20
|
25
|
6.10
|
7.62
|
1.52
|
5
|
1.27
|
|
50
|
70
|
15.24
|
21.34
|
6.10
|
20
|
1.84
|
|
75
|
115
|
22.87
|
35.06
|
12.20
|
40
|
3.03
|
Including
|
80
|
85
|
24.39
|
25.91
|
1.52
|
5
|
3.14
|
Including
|
95
|
110
|
28.96
|
33.54
|
4.57
|
15
|
4.32
|
|
130
|
155
|
39.63
|
47.26
|
7.62
|
25
|
2.39
|
|
160
|
170
|
48.78
|
51.83
|
3.05
|
10
|
0.93
|
|
|
|
|
|
|
|
|
AP11-107
|
305
|
360
|
92.99
|
109.76
|
16.77
|
55
|
2.50
|
Including
|
310
|
315
|
94.51
|
96.04
|
1.52
|
5
|
3.36
|
Including
|
335
|
340
|
102.13
|
103.66
|
1.52
|
5
|
3.70
|
Including
|
345
|
350
|
105.18
|
106.71
|
1.52
|
5
|
5.75
|
|
440
|
445
|
134.15
|
135.67
|
1.52
|
5
|
1.06
|
|
450
|
530
|
137.20
|
161.59
|
24.39
|
80
|
2.25
|
Including
|
455
|
460
|
138.72
|
140.24
|
1.52
|
5
|
3.33
|
Including
|
500
|
505
|
152.44
|
153.96
|
1.52
|
5
|
4.25
|
|
540
|
590
|
164.63
|
179.88
|
15.24
|
50
|
3.21
|
Including
|
565
|
590
|
172.26
|
179.88
|
7.62
|
25
|
4.26
|
|
610
|
625
|
185.98
|
190.55
|
4.57
|
15
|
2.98
|
Including
|
610
|
615
|
185.98
|
187.50
|
1.52
|
5
|
3.47
|
|
640
|
645
|
195.12
|
196.65
|
1.52
|
5
|
2.02
|
|
|
|
|
|
|
|
|
AP11-108
|
0
|
20
|
0.00
|
6.10
|
6.10
|
20
|
2.21
|
|
25
|
30
|
7.62
|
9.15
|
1.52
|
5
|
0.99
|
|
40
|
45
|
12.20
|
13.72
|
1.52
|
5
|
0.94
|
|
55
|
70
|
16.77
|
21.34
|
4.57
|
15
|
2.44
|
Including
|
60
|
65
|
18.29
|
19.82
|
1.52
|
5
|
3.37
|
|
85
|
130
|
25.91
|
39.63
|
13.72
|
45
|
3.66
|
Including
|
90
|
95
|
27.44
|
28.96
|
1.52
|
5
|
4.10
|
Including
|
105
|
120
|
32.01
|
36.59
|
4.57
|
15
|
6.98
|
|
145
|
165
|
44.21
|
50.30
|
6.10
|
20
|
2.33
|
Including
|
150
|
155
|
45.73
|
47.26
|
1.52
|
5
|
4.22
|
|
180
|
185
|
54.88
|
56.40
|
1.52
|
5
|
1.48
|
|
|
|
|
|
|
|
|
AP11-109
|
15
|
40
|
4.57
|
12.20
|
7.62
|
25
|
2.55
|
Including
|
20
|
30
|
6.10
|
9.15
|
3.05
|
10
|
3.29
|
|
45
|
90
|
13.72
|
27.44
|
13.72
|
45
|
3.86
|
Including
|
50
|
60
|
15.24
|
18.29
|
3.05
|
10
|
3.67
|
Including
|
65
|
85
|
19.82
|
25.91
|
6.10
|
20
|
5.83
|
|
95
|
105
|
28.96
|
32.01
|
3.05
|
10
|
2.24
|
Including
|
95
|
100
|
28.96
|
30.49
|
1.52
|
5
|
3.48
|
|
|
|
|
|
|
|
|
AP11-110
|
0
|
35
|
0.00
|
10.67
|
10.67
|
35
|
2.31
|
Including
|
10
|
15
|
3.05
|
4.57
|
1.52
|
5
|
3.13
|
Including
|
20
|
25
|
6.10
|
7.62
|
1.52
|
5
|
3.70
|
|
40
|
90
|
12.20
|
27.44
|
15.24
|
50
|
4.61
|
Including
|
45
|
55
|
13.72
|
16.77
|
3.05
|
10
|
4.78
|
Including
|
60
|
80
|
18.29
|
24.39
|
6.10
|
20
|
6.74
|
|
100
|
105
|
30.49
|
32.01
|
1.52
|
5
|
1.15
|
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. The Company is well financed to execute
its contemplated work programs.
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