American
Manganese Reports on the First Five Drill Holes
April 14, 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 from the first five (5) drill holes.
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. The source vent and the down slope fan at the MacGregor Open Pit
area is the first of several targets to be defined by the present drilling
program. Early work in the 1940�s located most of these fans but little
was done to define and measure this mineralization. The definition and
evaluation of these various fans is the object of the present drilling program.
The company initiated a fill-in or definition drilling
program on March 18, 2010. The drilling program will use reverse
circulation drilling techniques as the mineralization is disseminated and
uniform. The reverse circulation drilling is more economic than core
drilling and will provide the information needed to evaluate the deposit. This
drilling program is estimated to require 15,885 meters (52,000 ft) of drilling
in 191 holes.
This increased hole pattern density will provide sufficient
information to upgrade the status of the current resources from indicated and
inferred to measured and indicated. Some increase in the size of the
resource is expected as the fans are more fully defined.
To date 18 holes have been completed and results for the first
five holes are shown in the following table. The drilling program
was started near the southwestern end of the MacGregor fan and is moving toward
the center. As a result the assays in this fringe area are slightly below
the expected average for the deposit. See the drill plan map at http://www.americanmanganeseinc.com/wp-content/uploads/2010/04/News-Map-5.pdf
.
ARTILLERY
DRILL HOLE SUMMARY
|
FROM
ft
|
TO
ft
|
INT.
ft
|
FROM
m
|
TO
m
|
INT.
m
|
%Mn
|
AP10-1
|
225
|
235
|
10
|
68.5
|
71.63
|
3.05
|
3.16
|
|
240
|
255
|
15
|
73.15
|
77.72
|
4.57
|
1.39
|
|
|
|
|
|
|
|
|
AP10-2
|
210
|
235
|
25
|
64.01
|
71.63
|
7.62
|
4.05
|
|
|
|
|
|
|
|
|
AP10-4
|
195
|
225
|
30
|
59.44
|
68.58
|
9.14
|
2.38
|
|
|
|
|
|
|
|
|
AP10-5
|
180
|
190
|
10
|
54.86
|
57.91
|
3.05
|
1.72
|
|
195
|
205
|
10
|
59.44
|
62.48
|
3.05
|
1.74
|
|
|
|
|
|
|
|
|
AP10-6
|
25
|
30
|
5
|
7.62
|
9.14
|
1.52
|
1.05
|
|
40
|
45
|
5
|
12.19
|
13.72
|
1.52
|
1.29
|
|
65
|
80
|
15
|
19.81
|
24.38
|
4.57
|
2.70
|
Assays were performed by ALS Chemex in Sparks, Nevada.
Further results will be reported as they are received.
The Artillery Peak manganese project has a NI-43-101
Resource Study at a 0.91% Mn cut-off as follows:
|
Tonnes
|
%Mn
|
Mn
Pounds
|
Indicated
|
10,865,929
|
4.46
|
1,068,307,976
|
Inferred
|
96,933,724
|
4.52
|
9,661,091,721
|
The manganese resource remains open in all directions.
- 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 $1.33/lb. and US
price is $1.68/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.
Larry W. Reaugh
President and Chief Executive Officer
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
Cautionary Notice: The Reader is
cautioned that the full Cautionary Notice is not attached to this email.
The reader is requested to access the news release on the Company�s website at www.americanmanganeseinc.com
or at SEDAR at www.sedar.com
to read the full Cautionary Notice. The full Cautionary Notice is not
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containing the full Cautionary Notice.