Amazon Discovers Phosphate at Cerrado Verde Project, Brazil
08 Novembre 2010 - 3:07PM
Marketwired
Amazon Mining Holding Plc (TSX VENTURE: 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.
To view "Figure 1", please visit the following link:
http://media3.marketwire.com/docs/amzfig1_1108.pdf
Cautionary Language and Forward Looking Statements
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.
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.
Contacts: Amazon Mining Holding Plc Cristiano Veloso President
& Chief Executive Officer +44 (0) 20 8133 7607 +44(0)20 7405
7773 (FAX) cv@amazonplc.com Amazon Mining Holding Plc Jed
Richardson VP Corporate Development +1(416)866-2966 +1(416)866-8829
(FAX) jed@amazonplc.com www.amazonplc.com
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