Kaizen Discovery announced today that it has closed its definitive acquisition agreement with AM Gold that gives Kaizen 100% ownership of the Pinaya Copper-Gold Project in Peru's provinces of Caylloma and Lampa. The Pinaya Project covers 192 square kilometres and includes more than 25 km of strike length within the Andahuaylas-Yauri Porphyry Belt [...]
Pinaya's existing Measured and Indicated Mineral Resources include 293 million pounds of copper and 616,000 ounces of gold Additional Inferred Mineral Resources include 318 million pounds of copper and 353,000 ounces of gold The 192-square-kilometre project area also holds significant exploration potential Kaizen Discovery and AM Gold jointly [...]
AM Gold is pleased to announce that it has received final approval from the TSX Venture Exchange for the Pinaya option and joint venture agreement with Rokmaster Resources. The Company also reports that it has received the first option payment from Rokmaster, being a cash payment of $400,000, along with a payment of US$67,800 representing a [...]
AM Gold is pleased to announce that it has entered into a definitive agreement with Rokmaster Resources pursuant to which the Company has granted Rokmaster the option to earn up to a 75% interest in 35 mineral claims located in the Caylloma and Lampa Provinces of Peru, known as the Pinaya Gold/Copper Project. Under the terms of the Agreement:
AM Gold announces the results of the recently completed geophysical surveys at the Company's Pinaya gold copper-silver project. The surveys outlined 19 EM anomalies indicative of sulphide mineralization, within a wider area of moderate chargeability and lower magnetic response interpreted as altered volcanic or intrusive rocks. Neil Downey, VP of [...]
AM Gold is pleased to announce the results of an updated resource estimate for the Jethro Structure on the Company's Red Mountain Property located in the Yukon Territory. The updated resource is all inferred class and is estimated at 127 million tonnes grading 0.48 g/t gold, approximately 1.95 million ounces of contained gold. A cut-off grade of [...]
AM Gold is pleased to announce the results of the first metallurgical test work from samples taken from the Company's Red Mountain project located in the Yukon Territory, Canada. The objective of the test work was to gain a preliminary understanding of the metallurgical characteristics of the gold mineralization at the project and to establish [...]
AM Gold has demonstrated through its 2010-2011 drill programs, that Red Mountain is comprised of an extensive gold-mineralized Tombstone intrusive rock complex enveloped by a carapace-like zone of altered sedimentary rocks which are also mineralized with gold. The Company has established the potential for extensive tonnages of material extending to [...]
AM Gold is pleased to announce that the third tranche of assay results received to date in 2011 continues to expand the extent of wide, higher grade intervals surrounded by a halo of widespread, continuous mineralization at Red Mountain, Yukon Territory, Canada. The results now demonstrate the area of gold mineralization, including the previous [...]
AM Gold is pleased to announce the second tranche of assay results of the 2011 exploration program at Red Mountain, Yukon Territory Canada. A new zone of mineralization reported on September 12, 2011 has been shown to be continuous with the current inferred resource (see the Company's news release of December 2, 2010 for the current inferred [...]
