Newmont Terminates Option on Anuoro License
August 17 2012 - 3:00PM
PR Newswire (Canada)
TSX-V. AMU VANCOUVER, Aug. 17, 2012 /CNW/ - The Company has
received from Newmont Ghana Gold Limited a Notice of Termination of
the Option Agreement to earn an interest in the Anuoro prospecting
license in Ghana. Under the agreement, Newmont Ghana will provide
the Company with a final data package of all their exploration
programs on Anuoro. The majority of Newmont's work was concentrated
in the northern portion of the Anuoro license, which they hoped
would indicate a broad potential economic mineralization capable of
producing low bulk tonnage for heap leaching. Several other targets
have been generated across the entire project by Newmont and the
Company which are yet to be drill tested. The 65 square kilometers
Anuoro concession is located on the Ashanti greenstone belt; the
most prolific of the Ghanaian greenstone belts about 8 kilometers
south west of the Konongo mine. It covers about 10 kilometers
strike of the Ashanti structure and is composed of complex
lithological units. In June 2012, the license was renewed for a
two-year period and further extensions are available under the
mining laws. With AMI now having 100% control of the operations,
AMI will evaluate all the data and prepare its next phase of
exploration. We seek safe harbour. "Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release." AMI Resources Inc.
CONTACT: Dustin Elford, President (604) 669-2901
Copyright