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Amazon intercepts 17m of 3.93g/t Au at Tocantins Gold Project
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, June ...
About this update from Verde Agritech Ltd
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n\n\nTHE U.S./\n\n\nTORONTO, June 18 /CNW Telbec/ - Amazon Mining Holding Plc ("Amazon" or\nthe "Company") (AMZ:TSX-V) has released the initial set of assay results from\nits 100% owned Tocantins Gold Project ("Tocantins") in Brazil, at which\nBrazilian mining giant Companhia Vale do Rio Doce ("CVRD") conducted\nexploration work in the early 1990's.\n\n\nHighlights:\n\n- Phase 1 core diamond drilling ("DDH") along the Igreja - Gerseu trend\n shows higher grades and widths than historic CVRD data indicated; DDH\n results include:\n - 2m @ 18.97g/t Au (AMZ TO-08);\n - 17m @ 3.93g/t Au including 4m @ 9.01g/t Au and 2m at\n 11.05g/t Au (AMZ TO-09);\n- Continuity of mineralization confirmed according to the mapped\n structures and importantly, correlating closely to historic CVRD drill\n data\n- Exploration continues along the Igreja - Gerseu trend which is believed\n to be the western limb of a major hinge or 'nose fold' structure; and\n- Exploration has commenced within a 4km by 4km primary target area\n covered by laterite where prior work also indicated the presence of a\n major 'nose fold' hinge structure.\n\nCommenting on the results, Amazon's Vice President of Exploration, Oscar\nYokoi said: "The gold mineralization at Tocantins is associated with sulphide\nand sometimes magnetite rich quartz veined horizons hosted by deformed mafic\nand felsic volcanics predominantly covered by laterite. Our results from\ntargeting the Igreja - Gerseu trend are positive as they both confirm\ncontinuity of mineralization according to the mapped structures and\nimportantly, correlate closely with the historic CVRD drill information. Based\non this new data, correlation and understanding, the primary target for Amazon\nis a 4km by 4km laterite covered area where previous MAG work indicated the\npresence of a major nose fold structure. An intense auger drilling campaign is\nnow underway in this area".\n\nTocantins Gold Project:\n-----------------------\n\nThe 9,103.52 ha, 100% owned Tocantins gold project is located in the state\nof Tocantins, Brazil, and lies within a prolific Archean Greenstone belt. The\nproject is accessible by well established infrastructure and historically the\nregion was mined by ear...