American Manganese Reports Large Thicknesses of
Manganese Mineralization
June
23, 2010 - Vancouver, British Columbia
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 drill numbers 38 � 43
which are located on the North Maggie Zone of the Manganese Mesa , from
its on going Artillery Peak drilling program. Results from drill holes 1
through 37 have been announced previously.
The
mineralization at Artillery Peak Mohave County, Arizona takes the form of
paleo-alluvial fans spreading out down slope from a number of source vents.
Up to and
including hole number AP10-43, 3,629 meters (11,905 ft) has been drilled
in 43 holes and the significant results from holes 38 � 43 are shown in
the following table.
2010 DRILL PROGRAM
Artillery Drill Hole Assay Summay
HOLE
|
FROM
ft
|
TO
ft
|
FROM
m
|
TO
m
|
Interval
m (ft)
|
Interval
Grade
%Mn
|
AP10-38*
|
235
|
395
|
71.62
|
120.40
|
48.78 (160)
|
low grade
mineralization
|
AP10-39
|
150
|
165
|
45.72
|
50.29
|
4.57
(15)
|
1.49
|
AP10-39
|
175
|
285
|
53.34
|
86.87
|
33.53
(110)
|
2.39
|
Including
|
175
|
195
|
53.34
|
59.44
|
6.10
(20)
|
4.40
|
AP10-39
|
300
|
310
|
91.44
|
94.49
|
3.05
(10)
|
1.26
|
AP10-40
|
255
|
270
|
77.73
|
82.30
|
4.57
(15)
|
2.01
|
AP10-41*
|
205
|
370
|
32.00
|
112.78
|
80.78 (265)
|
low grade
mineralization
|
AP10-42
|
120
|
125
|
36.50
|
38.10
|
1.52
(5)
|
2.75
|
AP10-42
|
155
|
165
|
47.24
|
50.29
|
3.05
(10)
|
1.66
|
AP10-42
|
170
|
185
|
51.82
|
56.39
|
4.57
(15)
|
1.16
|
AP10-42
|
395
|
400
|
120.40
|
121.92
|
1.52
(5)
|
2.39
|
AP10-43
|
145
|
155
|
44.20
|
47.25
|
3.05
(10)
|
1.12
|
AP10-43
|
195
|
210
|
59.44
|
64.01
|
4.57
(15)
|
6.36
|
Including
|
200
|
205
|
60.96
|
62.48
|
1.52
(5)
|
11.75
|
*Delineates norther
fringe of the Maggie Zone.
Assays were performed by ALS Chemex in Sparks, Nevada.
Further results will be reported as they are received.
Mr. Reaugh
states: "These results demonstrate the character and continuity of
the mineralized horizon; both of which tend to favor low cost open pit bulk
mining development scenarios."
About Manganese
- China controls electrolytic manganese
production (EMM) supplying and producing 97.44% of the worlds needs (2.6
billion pounds per year).
- There is no substitution for manganese in
steel (total manganese market greater than 30 billion pounds per year,
fourth largest traded metal).
- The most critical metal at risk to supply
and restriction in the United States. No US production.
- EMM�s greatest uses are upgrading
specialty steel 47%, manufacture of aluminum 32% and electronics 14%.
- China has a 20% export duty on EMM and the
US has a 14% import duty, world price is $1.22/lb. and US price is
$1.55/lb.
- Manganese resources are declining in
China.
- Overall manganese market grew at 8% per
year to 30 billion pounds up to 2008. EMM market grew at 26% per
year from 2003 � 2008 to 2.6 billion pounds per year.
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
Information
Contact
Larry W.
Reaugh
President
and Chief Executive Officer
Head
Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone:
604-531-9639 Facsimile: 604-531-9634
www.americanmanganeseinc.com
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