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American Manganese Inc.

Publié le 26 juillet 2011

Drilling Continues to Encounter Thick Zones of Manganese

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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

American Manganese Inc.

EXPLORATEUR
CODE : AMY.V
ISIN : CA02735A1057
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American Manganese est une société d’exploration minière basée au Canada.

Ses principaux projets en exploration sont BLACK PRINCE DEPOSIT, OLSON/JUNCTION CREEK DEPOSIT, LONNIE & VIRGIL DEPOSIT et ARTILLERY PEAK DEPOSIT au Canada.

American Manganese est cotée au Canada. Sa capitalisation boursière aujourd'hui est 21,1 millions CA$ (15,5 millions US$, 14,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 01 avril 2016 à 0,01 CA$, et son plus haut niveau récent le 19 février 2021 à 2,86 CA$.

American Manganese possède 140 880 000 actions en circulation.

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TSX-V (AMY.V)
0,150+0.00%
TSX-V
CA$ 0,150
25/04 15:34 -
0%
Cours préc. Ouverture
0,150 0,160
Bas haut
0,150 0,160
Année b/h Var. YTD
0,130 -  0,240 -37,50%
52 sem. b/h var. 52 sem.
0,130 -  0,500 -65,91%
Volume var. 1 mois
70 167 -11,76%
24hGold TrendPower© : -2
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Recherche Lanthanum - Manganese - Niobium - Silica
 
 
 
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0,24 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$+2,63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,87 CA$+5,65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,61 US$+0,98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+5,56%Trend Power :