TORONTO, ONTARIO -- (Marketwire) -- 01/21/13 -- Amerix Precious Metals Corp. (TSX VENTURE: APM)(FRANKFURT: NJGN) ('Amerix' or 'the Company') is pleased to report assay results from the Company's 2012 Phase 2 diamond drill program at the 100% owned Limao Gold Property located in the Tapajos Gold Province, Para State, Brazil. Six additional holes (LDH-15 to LDH-20) totaling 716 metres were drilled in November and December 2012 at the Limao Pit target area to follow up on the results reported earlier in 2012 from the Phase 1 drill program. (See the Company website at www.amerixcorp.com for news releases and project drill results from 2012).
"We are encouraged by the discovery of a second lens of significant gold mineralization at Limao. This discovery confirms our view that Limao has the potential to host multiple lenses. With several gold-in-soil anomalies identified across the Company's extensive land holdings, Amerix will be preparing priority targets for drill testing," stated Steve Brunelle, President and CEO.
The Phase 2 drilling program had two objectives;
1) to step across a steeply dipping, northeast trending dyke encountered in earlier hole LDH-05 and test the near surface extension and potential continuity of gold mineralization to the east, and2) to test the extension of the gold mineralization further to the west
Drill holes LDH-15, 16, 19 and 20 have been drilled on the southeast side, and across the northeast trending dyke that was defined earlier in LDH-05. Holes LDH-15, 16 and 19 were all collared from the same location as earlier hole LDH-14 that intercepted 9.03 metres grading 21.12 grams gold per tonne. Company geologists believe that a second lens-like zone of gold mineralization has now been intersected in holes LDH-14, and LDH-20 with a yet unknown width and orientation.
Drill hole LDH-15 was drilled at azimuth 000 and -45 degrees and has intersected from 84.1 to 87.7 metres, 3.6 metres averaging 1.24 grams gold per tonne, from 89.2 to 90.35 metres, 1.15 metres averaging 1.60 grams gold per tonne, and from 101.66 to 104.2 metres, 2.54 metres averaging 1.07 grams gold per tonne. Drill hole LDH-16 was drilled at azimuth 020 and -55 degrees, drilling vertically above the gold intersection in LDH-14 and did not encounter the mineralized zone. Drill hole LDH-19 was drilled at azimuth 034 and -67 degrees, drilling to the east of the gold intersection in LDH-14 and did not encounter significant gold mineralization. Drill hole LDH-20 was collared east of the Limao Pit, and drilled at azimuth 265 and -67.5 degrees and has intersected from 102.75 to 106.46 metres, 3.71 metres averaging 48.09 grams gold per tonne and from 109.79 to 112.15 metres, 2.36 metres averaging 2.91 grams gold per tonne.
Drill holes LDH-17 and LDH-18 have been drilled at the western margin of the Limao Pit. These were short (50 metre) holes that targeted the western projection of the gold mineralization near surface. Neither hole intersected significant gold mineralization. These results indicate the western margin of the lens of gold mineralization encountered in holes LDH-01, 02, 03, 04, 11 and 13. (See Table 1 below for a summary of all Phase 1 and Phase 2 drill results). It appears to the Company's geologists that the gold mineralization tested on the west side of the dyke is trending at 110 degrees and plunging to the southeast.