TSX-V. AMU
VANCOUVER,
May 2, 2013 /CNW/ - The Company
(AMI Resources Inc. - TSX-V Symbol AMU) wishes to provide
the following update to our shareholders.
Ghana Anuoro License: This license has
been renewed. The Anuoro license contains a 14 kilometre long
mineralized trend coincident with a narrow tonalitic intrusive that
traces the contact between the Birimian volcaniclastic rocks and
Tarkwaian quartzite. This Anuoro/Wabri trend is interpreted
as the southern extension of the Santreso deposit within the
Konongo mining license on the northern border of the Anuoro
license.
The Anuoro/Wabri trend is proven to be
mineralized with the Anuoro North Zone containing a NI 43-101
compliant at surface resource of 98,000 ounces of gold. The host
mineralization is similar to the Chirano deposit (1.7 million oz)
of Kinross on the Sefwi Belt in
Ghana. This northern zone has not
been drilled at depth. The Anuoro South Zone had returned elevated
but erratic gold values from an earlier RC drill program and a
review of the magnetics data suggests that the Anuoro/Wabri
mineralized trend may lie further to the west of the Anuoro South
drill grid. Some significant intercepts from AMI historical
drilling in this zone are: Hole 06ANRC003 14m of 2.35
g/t gold; Hole 06ANRC072 20m of 1.06 g/t gold and
Hole 06ANRC073 34m of 1.23 g/t gold.
Illegal mining activities on the southern
portion of the Anuoro license suggests several more target areas
that have yet to be tested. A proposed work program is being
finalized to further test these targets.
Ghana Beposo License: AMI Africa Exploration
Ltd. has launched a suit against the government of Ghana seeking compensation for the
establishment of non-economic zone around Lake Botsumtwi, which
puts our Beposo resource in jeopardy. A decision on this suit is
expected in 2013.
Niger: Under an
Option Agreement, Middle Island Resources Limited, an Australian
public company, has been granted the right to earn an initial 70%
interest in all the Company's assets in Niger by spending US$2,000,000 in work expenditures and property
payments during a three-year period.
The Company's Niger project consists of the option agreement
with Golden Star Resources Ltd. to earn a 51% interest in the Deba
& Tialkam licenses, along with it's 100% owned Boksay license.
These properties cover approximately 1159 sq km within the Sirba
greenstone belt, which hosts Semafo's Samira Hill mine.
Middle Island has just completed a 6,640 meter
auger drill program over several targets on the Deba permit, with
results still pending. An induced polarization (IP) ground
geophysical survey is currently underway over the high priority
Tialkam South prospect prior to the commencement of anticipated
5,000 meter RC drill program.
The Company wishes to announce that it has
agreed to a non-brokered private placement of up to 6,000,000 Units
at the price of $0.05 per Unit.
Each Unit will consist of one common share and one half share
purchase warrant, with each warrant entitling the holder thereof to
acquire one common share at an exercise price of $0.10 for a period of one year from the date of
closing.
A finder's fee in connection with this offering
may be paid for any Unit subscriptions referred to the company. The
finder's fee will consist of 8% cash commission and a Finder's
Option equal to 8% of the number of Units referred. Each
Finder's Option shall be exercisable into one Unit at a price of
$0.10 per Unit and each Unit will be
under the same terms as this offering for a period of one year from
the date of closing. All securities issued pursuant to this
non-brokered private placement will be subject to a four-month hold
period from the date of closing. The non-brokered private placement
will be subject to regulatory approval. Proceeds from this offering
will be used initiate a program on the Anuoro license and for
general working capital.
We seek safe harbour.
"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."
SOURCE AMI Resources Inc.