Amseco Obtains High Values in Gold, Silver, Copper and Zinc in James Bay
16 September 2011 - 11:30PM
Marketwired Canada
Amseco Exploration Ltd. (TSX VENTURE:AEL). The management of Amseco is pleased
to announce assay results of its rock sampling that have been conducted on the
properties of James Bay. On Yasinski, high gold values obtained ranged up (less
than 30.72 g / t Au), silver (less than 260 g / t Ag), copper (less than 6.14%
Cu), zinc (less than 3.12% Zn) and lead (less than 8.86% Pb). On Chika, high
gold values up (less than 11.7 g / t Au), were obtained.
The following tables show the best metal values.
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Chika - Best Assay Results
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Type NoEch. Au Au Ag Cu Cu Zn Zn Pb Pb
Methode FA-GEO FA-GRAV AAT-7 AAT-7 AAT-8 AAT-7 AAT-8 AAT-7 AAT-8
Unite ppb g/t ppm ppm % ppm % ppm %
MinDL 5 0,03 0,2 2 0,01 2 0,01 2 0,01
----------------------------------------------------------------------------
R 66003 5420 5,55 9,8 55 1193 71
R 66004 9468 9,70 12,8 85 1449 92
R 66008 4907 4,87 2 135 119 28
R 66009 6098 6,31 3,1 146 345 34
R 66014 4845 4,11 0,7 40 117 11
R 66015 4400 4,39 2,5 55 1230 212
R 66020 3229 3,39 0,4 64 128 17
R 66026 2306 2,47 1,8 88 313 70
R 66027 4601 4,77 0,5 72 235 32
R less
than
66032 2635 2,74 0.2 61 37 13
R 66033 3538 3,77 0,2 143 11 11
G greater
66039 than DL 11,07 0,3 25 65 17
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Yasinski - Best Assay Results
----------------------------------------------------------------------------
NoEch. Au Au Ag Cu Cu Zn Zn Pb Pb
Methode FA-GEO FA-GRAV AAT-7 AAT-7 AAT-8 AAT-7 AAT-8 AAT-7 AAT-8
Unite ppb g/t ppm ppm % ppm % ppm %
MinDL 5 0,03 0,2 2 0,01 2 0,01 2 0,01
----------------------------------------------------------------------------
G greater
66043 6658 6,82 1,6 than DL 2,35 815 815
G 66047 5070 5,25 105,3 5421 83 90
G greater
66049 1195 1,27 120,3 than DL 1,71 426 249
G 66065 9675 9,81 105,3 344 7586 2049
G 66066 3797 3,77 15,7 266 2275 135
G 66092 3705 3,87 54,3 5460 327 114
G greater greater
66093 than DL 30,72 185 than DL 4,72 2584 327
G greater
66094 4056 4,11 82,9 than DL 1,93 823 130
G greater
66095 7038 7,13 257,1 than DL 6,14 3346 780
G greater
66097 9605 9,81 136,4 than DL 2,3 1549 251
G greater greater
66099 than DL 18,93 118,6 than DL 1,26 734 364
G greater
66101 than DL 10,45 25,9 3392 522 85
G greater
66112 1226 1,23 126,1 1104 than DL 1,22 8901
G greater greater
66121 1294 1,23 260,3 723 than DL 2 than DL 8,86
G greater
66122 397 76,2 485 than DL 3,12 2,73
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(R = channel sample, G = Grab sample)
Yasinski property is located 70 km south of the town of Radisson. The exposed
rocks are of Archean age and consist of basalt, quartzite and polygenic
conglomerates. A total of 81 rock samples were collected within an area
measuring 2000 m by 300 m of mineralized zones that had previously been
identified between the years 1959 and 2008. The mineralization occurs in
sulphidevein lets and disseminations in altered zones and quartz veins injecting
mainly quartzites. Mineralization consists of pyrite, pyrrhotite, chalcopyrite,
sphalerite and argentiferous galena.
CHIKA property is located near the hydroelectric plant LG-3. Rocks observed are
also Archean. The mineralized zone consists of a shear zone hosting milky quartz
veins with tourmaline, which cuts a gabbro unit. Mineralization, previously
reported with the quartz veins, consists of pyrite and pyrrhotite primarily. The
sampling area is 60 m by 5 m. A total of 42 rock samples were collected from the
mineralized zone that was identified previously between 1996 and 1998. Amseco
has also acquired additional claims covering unexplained geophysical anomalies
that were identified in previous work.
The sampling program was carried out by a team led by Roger Moar, geologist and
qualified person as defined by NI 43-101, and on the "CIM Exploration Best
Practices Guidelines". The Laboratoire Expert of Rouyn-Noranda performed sample
analysis. The analysis for gold by fire assay was performed and the
concentration of gold was determined by atomic absorption. The minimum detection
limit is 5 ppb. Samples with values greater than 1000 ppb are reanalyzed by
gravimetric analysis and the results were reported in "g / t Au." All samples
with values greater than 3.00 g / t have been reanalyzed at least once. The
analysis of other metals was carried out by digestion with nitric acid and
hydrochloric acid and concentration of elements was determined by atomic
absorption.
Jean-Pierre Cloutier, P. Geo, a director of Amseco Exploration Ltd., reviewed
this press release and is a Qualified Person as defined by NI 43-101.
The management of Amseco is enthusiasm for these results. Already, a second
phase of work is anticipated with optimism. The geological context of each of
these properties, the high gold values obtained, the current price of gold and
other metals increases the potential to explore each of these properties.
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