Amarium Updates Exploration Program at San Pedro
LAS VEGAS, Nevada, March 11, 2014 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned subsidiary Amarium Minerals Inc., is pleased to provide an update on its continuing exploration program at the San Pedro Copper Mine in Michoacán, Mexico. At present and only 14 days into the program, the Company is on schedule with over 200 select rock and soil samples having been marked by GPS, bagged, and submitted for metallurgical assays. Additionally, the site survey is now complete and the trenching and pitting program activities are ongoing in conjunction with the surface sampling.
"So far, the exploration activities at San Pedro have provided beneficial indications about the property regarding the grade, depth, extent of primary and secondary assemblages of copper mineralization and potential for by-product metals. Initial showings, though not yet fully quantified, are allowing good reason for optimism. We are continuing to further define the size and scope of the copper deposit at San Pedro through the trenching and pitting process" said Adam Carter, the President & CEO of Amarium.
"A 30 day drill program, in which core will be logged, is now scheduled to commence in early May. The drill targets will be based on our best assay results from the surface sampling and trenching and pitting data."
Amarium recently announced a 300% increase in production capacity at their Jovita Copper Mine, ramping up production at Jovita to 120 tonnes per day (tpd). San Pedro is also undergoing upgrades to the 20 tpd mill and is expected to have production capacity exceeding 200 tpd by the end of 2014.
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.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article