Amarium Initiates Exploration Program at San Pedro Mine
LAS VEGAS, February 20, 2014 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned subsidiary Amarium Minerals Inc., reports that it has initiated an exploration program at the Company's San Pedro Copper Mine in Michoacán, Mexico. The San Pedro Mine is currently undergoing an expansion project of the existing flotation mill now running at 20 tons per day that will be increased to 200 tons per day. The exploration program will involve extensive rock sampling and trenching throughout the southern portion of the property. The cost of the program is expected to come in on budget at US$500,000 and will be completed within the next 90 days.
"It is paramount that we begin further exploration activities at San Pedro, to confirm the extent and highest grade locations of the onsite copper resource to feed the expanded production facility at full capacity" said Adam Carter, the President & CEO of Amarium. "We've established the property has a significant mineral resource, with high-grade copper already being processed on a daily basis. The data from assays will empirically confirm our current best estimates and enable Amarium to carry out activities at the mine with greater capacity and efficiency."
Amarium is focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.
For additional information, please visit: http://www.amariumminerals.com
This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Amarium Technologies, Inc.'s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Amarium Technologies, Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Amarium Technologies, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Amarium Technologies, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Contacts:
Amarium Technologies Inc.
Investor Relations, 800-983-0814
Fax: 800-320-4180
[email protected]
SOURCE Amarium Technologies Inc.
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