New York, NY (PRWEB) March 18, 2010
Mining MarketWatch Journal has published a review on Amerix Precious Metals Corp. (TSX-V: APM) (Frankfurt: NJG) (US Listing: APMFF) offering insight and opportunity afforded investors as APM.V will this year see the beginning of a royalty income expected to result in payments to Amerix of ~$150K - $250K per month in year four. The income stream comes from the sale of Ouro Roxo where APM.V retained a 2.5% Gross Royalty. This situation now allows Amerix to focus on developing its 100% owned Limão gold project where an extreme high grade gold deposit has already been established at a historic past producing open pit rudimentarily mined by locals. Limao appears prospective to rival other successes in the Tapajos Gold Region of Brazil such as the nearby Cuiu Cuiu project of Magellan.
The full review and valuation commentary may be found at http://miningmarketwatch.net/apm.htm online.
Developments on two gold projects in the prolific Tapajos Gold Province in Central Brazil will fundamentally change the inherent value of the Amerix Precious Metals Corp. (TSX-V: APM):
1) Limão Gold Project (100% owned) - APM.V has significant high grade gold deposit in the pit area at Limao to be expanded on in 2010 and surface indicators in other target areas indicate the potential for rapid grow. Historic intercepts in the pit area include 47 g/t gold over 13m and 18.74 g/t gold over 6.85m. Recently APM.V sampled sulphid-rich syeno-granitic rocks located in the pit area with results ranging from 2.37 g/t gold to 106.6 g/t gold with an average of 38.5 g/t gold. Geologists believe these samples to be representative of bedrock mineralization at the bottom of the open pit which was superficially mined by locals using primitive methods.
2) Royalty Income Stream - Amerix will be the beneficiary of a royalty income stream as the Company retained a 2.5% Gross Royalty from when they sold the Ouro Roxo property and production is set to begin on Ouro Roxo beginning Q3 2010. Based on the mining plan filed with the Brazilian Ministry of Mines and our assessment of the operation Mining MarketWatch Journal estimates APM.V will generate in excess of $20M worth of royalties on Ouro Roxo over the life of the mine. Amerix is also fostering a symbiotic long term relationship with the Brazilian consortium as they have proven mining expertise in the region and Amerix has proven exploration expertise -- this relationship will be mutually beneficial when it comes time to take Limão into production.
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