Amazon Mining Holding Plc (TSX-V symbol: “AMZ”) (“Amazon”
or the “Company”), is pleased to announce preliminary results of the
“Apatita” phosphate exploration program, which is located immediately
adjacent to the Cerrado Verde Potash Project in the western part of
Minas Gerais State, Brazil.
A regional geological mapping and grab sampling program is ongoing at
Amazon’s wholly owned Apatita phosphate project, which to date has
identified 30km of strike with a width between 1km and 5km of a
mineralized phosphate sedimentary package. A total of 435 grab samples
have been assayed for phosphate (P2O5) at two
independent laboratories namely SGS Geosol and Bureau Veritas, both
located in Belo Horizonte. The results of these samples range from 0.1 %
to 29.9% P2O5, with an average of 7.13% P2O5
(see Figure 1 below which shows the sample locations). It should be
noted that grab samples are selective by nature and are unlikely to
represent average grades of the mineralized package.
Amazon has undertaken a reconnaissance 1,000m diamond core drilling
programme in order to test the depth and stratigraphic profile for the
identified mineralization within the sedimentary package. The results of
this programme are being compiled and will be released soon.
Exploration commenced in the Apatita Project as part of detailed
surface mapping of the Cerrado Verde potash project. Amazon’s
Exploration Manager, Mr. Ysao Munemassa and members of Amazon’s
geological team were responsible for identifying high concentrations of
phosphate minerals in rocks within the same sedimentary package that
contains the Cerrado Verde potash mineralization.
The geology is covered by horizontal sedimentary beds of Cretaceous
age. The base of the sequence is represented by sandstones of the Areado
Group. This is overlain by a sequence of sandstone, conglomerates and
graywackes. The phosphate occurs primarily in the cement of the rocks as
well as fragments in the graywacke and conglomerates. The primary
phosphate mineral identified by petrographical studies undertaken by
Amazon is apatite, but secondary phosphate minerals such as crandallite
and wavellite have also been identified in the weathered zone.
One 30kg sample with a head grade of 3.86% P2O5
was submitted to the metallurgical testing laboratory Nomos, based in
Rio de Janeiro. The sample was subjected to preliminary flotation test
work which resulted in a concentrate product containing 29.8% P2O5.
Commenting President & CEO, Cristiano Veloso, said, “This part of
Brazil is home to other economic deposits of phosphate, so we are
cautiously optimistic that this discovery could develop into a new
source of shareholder value. Early concentration work suggests that if
an economic resource exists, conventional standalone phosphate products
could be produced, or phosphate could be incorporated into our proposed
ThermoPotash fertilizer.”
Competent Person
The technical content of this news release has been prepared by Mr.
Beau Nicholls, MAIG, Consulting Geologist, who is a Qualified Person as
defined by Canadian National Instrument 43-101.
About Amazon
Amazon Mining is a mineral exploration and development company
founded by Brazilians in 2005. The company is focused on the development
of Cerrado Verde project. Cerrado Verde is source of a potash rich rock
from which Amazon plans to produce a slow-release, non-chloride,
multi-nutrient, fertilizer product. Amazon Mining is a UK public company
with shares listed on the TSX Venture Exchange since November 2007.
On behalf of the Board of Directors of Amazon Mining Holding Plc, Cristiano Veloso, President and CEO.
For additional information please contact:
Cristiano Veloso, President & Chief Executive Officer
Tel: +44 (0) 20 8133 7607; Fax: +44(0)20 7405 7773; Email:
cv@amazonplc.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
OR
Jed Richardson, VP Corporate Development
Tel: +1(416)866-2966; Fax: +1(416)866-8829; Email:
jed@amazonplc.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.amazonplc.com
Figure 1 – Amazon Mining, reconnaissance grab sampling and geological mapping
Cautionary Language and Forward Looking Statements
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. THIS PRESS RELEASE CONTAINS CERTAIN “FORWARD LOOKING
STATEMENTS”, WHICH INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH
RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCE OF THE COMPANY,
ITS SUBSIDIARIES AND ITS PROJECTS, STATEMENTS REGARDING USE OF
PROCEEDS, EXPLORATION PROSPECTS, IDENTIFICATION OF MINERAL RESERVES,
COSTS OF AND CAPITAL FOR EXPLORATION PROJECTS, EXPLORATION
EXPENDITURES, TIMING OF FUTURE EXPLORATION AND PERMITTING,
REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT REGULATIONS OF MINING
OPERATIONS, ENVIRONMENTAL RISKS, RECLAMATION EXPENSES, TITLE DISPUTES
OR CLAIMS, AND LIMITATIONS OF INSURANCE COVERAGE. FORWARD LOOKING
STATEMENTS CAN GENERALLY BE IDENTIFIED BY THE USE OF WORDS SUCH AS
“PLANS”, “EXPECTS”, OR “DOES NOT EXPECT” OR “IS EXPECTED”, “ANTICIPATES”
OR “DOES NOT ANTICIPATE”, OR “BELIEVES”, “INTENDS”, “FORECASTS”,
“BUDGET”, “SCHEDULED”, “ESTIMATES” OR VARIATIONS OF SUCH WORDS OR
PHRASES OR STATE THAT CERTAIN ACTIONS, EVENT, OR RESULTS “MAY”,
“COULD”, “WOULD”, “MIGHT”, OR “WILL BE TAKEN”, “OCCUR” OR “BE
ACHIEVED”. FORWARD LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS,
PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT
FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR
IMPLIED BY SAID STATEMENTS. THERE CAN BE NO ASSURANCES THAT
FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL
RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE
ANTICIPATED IN SAID STATEMENTS. ACCORDINGLY, READERS SHOULD NOT PLACE
UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.
The potential grades detailed in this release are conceptual in
nature. There has been insufficient exploration to define a mineral
resource and it is uncertain if further exploration will result in the
targets being delineated as a mineral resource.
Readers are cautioned not to rely solely on the summary of such
information contained in this release and are directed to the complete
set of drill results posted on Amazon’s website (www.amazonplc.com) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein.