Amerix Shareholders and Interested Parties - We Wish You all a Prosperous 2012!
We sincerely hope that everyone has enjoyed the Christmas Holiday and we pass on our Best Regards for this New Year.
We are thankful for your support of our efforts over this past year. The accomplishments are many and significant!
*Completing Title Registration of the Company's Limao Concessions and completing all underlying payments; Cash and Stock
*A share consolidation in advance of a $4M bought deal financing by Canaccord Genuity and Scotia Capital in June
*Complete airborne geophysical (magnetic and radiometric) survey coverage of the Limao Concessions by Fugro Aviation Surveys in September
*Independent review by TerraNotes Ltd. Geophysics upon receipt of geophysical data in October
*Extensive geochemical grid surveying, taking 1 metre auger samples over 4 Grids; North, Central, South and Subbao (3700 samples analyzed) during Q4/2011 with results being delivered in batches presently
*Mapping, rock sampling and deep power auger sampling of target areas focused primarily on areas of historic saprolite and alluvial workings, particularly at the Central Grid that hosts the historic syenite-hosted gold mineralization evidenced by the Limao Pit/Pond
*Preparing the property for the 2012 drill program: applying for permits and pursuing a capable drill contractor
The following news release describes the results for the 2011 geochemical survey over the Limao Property - South Grid.
Amerix will be releasing the results of the geochemical surveys over the other 3 gridded areas at Limao as the analyses are completed. The Company anticipates that over the next month, all results will be received and that anomalous gold targets will be identified and developed for a drill program that is expected to begin in the second quarter. Exploration work will continue at Limao in preparation for drilling.
Steve Brunelle
President and CEO,
Amerix Precious Metals Corporation
It's all happened before and it will all happen again. Might as well profit from it.
