AMI Resources Inc.: Significant Resource Increase and Upgrade for the North Ashanti Project, Ghana

AMI Resources Inc. (TSX VENTURE:AMU) is pleased to announce the resource
estimate for its 100% owned North Ashanti Gold Project in Ghana has increased by
167% from 122,863 ounces to 327,621 ounces.


The estimate has included results from recently completed diamond drilling on
the Beposo and Anuoro prospects. This drilling has enabled the resource to be
upgraded into the Measured and Indicated categories. Mineralisation at Beposo is
hosted in a package of carbonate and sericite altered, Birimian metasediments
intruded by a felsic porphyry which lies on the Ashanti Shear Zone between the
mines of Konongo and Obuasi. The Anuoro mineralization occurs within a
granodiorite intrusive which lies along the contact between Birimian and
Tarkwaian metasediments immediately south of the Santreso deposit at Konongo.




The resource estimate was compiled using:

Beposo:  137 drill holes (incl. 19 diamond core holes) with 9,054 sample
         intervals.

         A block model was created for the Main and South East Zones
         separately.

         At its deepest portion the block model extends to 213 metres from
         surface.

         915 specific gravity measurements were collected to give average
         Oxide values at 1.865 and Fresh rock values at 2.708

         A cut off grade of 0.5 g/t was applied.

Anuoro:  124 drill holes (incl. 2 diamond core holes) with 3,172 sample
         intervals.

         A wireframe was created for the Anuoro North zone and a polygonal
         estimate calculated.

         At its deepest portion the wireframe extends to 135 metres from
         surface.

         291 specific gravity measurements were collected to give average
         Oxide values at 1.9 and Fresh rock values at 2.82

         A lower cut grade of 0.3 g/t was applied.



North Ashanti Gold Project Resource:

Prospect     Classification       Tonnage      Grade       Ounces
-----------------------------------------------------------------
Beposo       Measured           3,475,454       1.55      189,407
Beposo       Indicated            696,636       1.65       40,528

Anuoro       Indicated          2,687,328       1.03       97,686
-----------------------------------------------------------------
TOTAL                           6,859,418       1.35      327,621



SEMS Exploration Services Ltd was retained by the Company to conduct a NI 43-101
compliant resource estimate on the North Ashanti Gold Project. The resource
estimate was conducted under the supervision of Simon Meadows Smith, IOM3, a
Qualified Person within the meaning of National Instrument 43-101. The resource
has been reported in accordance with National Instrument 43-101 standards and a
43-101 compliant report will be filed on Sedar within 30 days of this
announcement.


On behalf of the Board of Directors,

Dustin A. Elford, President

AMI Resources Inc. (TSXV:AMU)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024