Amseco Exploration Ltd.: Start of Exploration Work in James Bay
19 July 2011 - 2:06AM
Marketwired
During the months of July and August 2011, exploration work will be
conducted on two properties belonging to Amseco Exploration Ltd
(the Company) (TSX VENTURE: AEL) located in the James Bay region,
more precisely in the area of Lake Discovery on the Lake Yasinski
property and on the Chika property.
The objective for this geological outcropping and sampling is to
validate historical data and explain the source of untested
airborne geophysical anomalies. Previous reports reveal in those
areas the presence of polymetallic mineralization with sulfides
(Cu-Zn-Pb-Au-Ag) combined with veins of quartz, shear zones and
quartzite.
Selected grab samples and channel sampling will be extracted
from the mineralized areas. The analysis results will be evaluated
according to new geological models based on the previous work
study.
General assembly for the shareholders
The Company's annual general assembly for the shareholders was
held in Montreal on July 7th 2011. Every resolution submitted to
the shareholders has been adopted unanimously and without
amendment.
Stock options for the Directors
During the meeting of the Board of Directors held on July 14th
2011, Exploration AMSECO Ltd has adopted a resolution stipulating
that 1.85 million of stock options be distributed to the directors
and one officer of the Company.
Contacts: Amseco Exploration Ltd. Jean Desmarais President and
Director 514-284-5111 jeandesmarais@amsecoexploration.com
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