Tuesday, August 31, 2010

Investorideas.com - Mining Stocks; AMI Resources Inc. (TSX.V:AMU) - 7100 metre drill program at Sirba Gold Project, Niger

Investorideas.com - Mining Stocks; AMI Resources Inc. (TSX.V:AMU) - 7100 metre drill program at Sirba Gold Project, Niger

VANCOUVER - August 31, 2010 (Investorideas.com Mining Stocks Newswire) - The Company (AMI Resources Inc. - TSX-V Symbol AMU) has entered into a 7100 metre drill contract with G.X. Mines, s.c.p. Niger. The drill program will include both RAB and RC drilling to test a number of already identified mineralized zones on both the Deba and Tialkam licenses, which border Semafo's Samira Hill Gold Mine in Niger, West Africa.

The Congo Toure Target: Previous holes drilled at Congo Toure confirm the presence of several gold intersections in volcanic rocks associated to the gabbroic complex. This next drill program is proposed along an East-West fence profile that will intersect potential gold mineralization along the N45 degrees - N55 degrees geological trend and the N130 degrees - N140 degrees tectonic features. The ten RC holes at a depth of 100m will look for an extension of the gold mineralization along a N135 degrees trend, while the 1,888m of RAB drilling will search for additional gold bearing zones.

The Tialkam South Target: Previous drill holes at Tialkam South with intersections of 24m (at) 3.08 g/t Au and 8m (at) 1.08 g/t Au have extended the continuity of mineralization over 300 m to the NE. A fence profile of 7 RC holes is proposed to confirm the extension along this trend.
The Deba Village Target: In this target, soil geochemistry has identified clusters of gold anomalies within an area of approximately 2 km in diameter where trenching and drilling encountered several gold intersections. Mineralized zones at Deba could be along a N135 degrees tectonic feature, as at the Samira/Libiri and Koma Bangou deposits, this probability and extensions of mineralization will be checked by 22 RAB holes along an East-West fence profile.
The Kokoloukou Target: Previous drilling (i.e.: 12m of 0.90 g/t Au and 11m of 1.20 g/t Au) and artisanal mining sites further south suggest the presence of another mineralized zone that will be investigated by 384m of RAB drilling.

The Alfassi Target: This drilling target is a soil geochemical anomaly which is the NS alignment of several similar clusters along the Niger/Burkina Faso border and the Songori deposit in Burkina Faso. The 12 holes totaling 384m along fence profile will check its gold potential.

The Sefa Nangue Target: At Sefa Nague previous RC drilling encountered several narrow gold intersections some ranging from 10m to 18m. JICA, a Japanese agency reported a NI43-101 non-compliant resource of 2.4 metric tons grading 2.06 g/t Au from 5,126m of core drilling. The mineralized zone about 500m wide has likely a lateral extension where more prolific gold zones could be located, three fence lines of RAB drilling have been planned on both sides.
The Geotem Target: A GEOTEM conductor in the lower SW corner of the Tialkam license is probably the same graphitic horizon containing Semafo's Libiri deposit that could have been displaced by NNE trending faults. A fence profile of 13 RAB drill holes will check the probable extension of the Libiri/Libdorado mineralization into the Tialkam license.
Conclusion: The Semafo's Samira Hill deposit, the first economic gold deposit in Niger, is located along a corridor of gold mineralization in the Sirba belt which is almost entirely covered by the Tialkam and Deba licenses and certainly a very favorable area for the next discovery, figure below.
Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of NI43-101, has reviewed the scientific and technical information contained in this press release. Please click here to view: http://files.newswire.ca/872/AMI.doc
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."
For further information
Dustin Elford, President, (604) 669-2901

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