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Amazon Provides Madeira Gold Project Exploration Update
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About this update from Verde Agritech Ltd
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\nTHE UNITED STATES/\n\n\nTORONTO, Oct. 22 /CNW/ - Amazon Mining Holding Plc (TSX-V symbol: "AMZ")\n("Amazon" or the "Company") is pleased to report that it has materially\nincreased its title permit areas held at the Madeira Gold Project ("Madeira")\nlocated in the Rondonia and Amazonas states of Brazil. The Company has\nreceived encouraging field exploration results and has increased its\nexploration concession to 332,011 hectares from 202,568 hectares (see figure 1\nat http://files.newswire.ca/760/Amazon_Madeira.pdf).\n\n\nEarly stage exploratory ground field work has identified gold bearing\nconglomerates in a farmland region located away from the Madeira River where\nhistoric multi-million ounce gold production occurred between 1975 and 1995.\nAs part of the Company's Madeira work program, geologists targeted the\ndelineation of a medium grained conglomerate (known as "Mocururu"), in an area\nlocated hundreds of metres away from the Madeira River. Samples taken from\nwater bore-holes confirmed the presence of the Mocururu and importantly that\nthe structure was gold bearing. In addition, gold mineralization was also\nencountered in the coarse-grained sandy stratigraphic layers occurring above\nand below the Mocururu. Historically, buried conglomerate structures exposed\nby the Madeira River provided for reported gold production of over 1.6 million\nounces.\n\n\nThe water bore-holes, located 1,154 metres apart, were drilled to the\nnorth of Humaita to approximate depths of 30 metre. Pan concentrates of\n2 litres of material from every 1 metre interval of bore-hole interval were\nprepared, and panning of this material produced fine grained gold over a 5 to\n6 metre zone. The gold bearing zones begin at approximately 20 metres below\nsurface. The Mocururu in this area is 40cm thick. Gold was also recovered from\nthe coarse grained sand layers that occur above and below the Mocururu.\n\n\nAmazon plans to continue to use well drilling equipment to cost\neffectively determine the extent and nature of the mineralization at Madeira.\nThe method has been successful and can be utilized at up to one-tenth the cost\nof conventional diamond core drilling. In subsequent work the Company expects\nto be able to d...