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American Manganese says exploration on Rocher Deboule property reveals potential for iron oxide copper gold deposit

Rock samples from veins on the claims contained high-grade gold-cobalt values, with other veins revealing promising polymetallic mineralization

copper gold silver
The property formerly produced silver, copper and gold from a historic mine

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) wrapped up work on its Rocher Deboule property in British Columbia, the firm reported Monday.

The deposit, which is located just south of the town of Hazelton, historically produced nearly 2.2 million grams of silver, 134,000 grams of gold and 2.6 million kilograms of copper between 1915 and 1929.

The Surrey, British Columbia-based firm said that recent fieldwork involving rock and soil sampling from the western portion of the property revealed potential for iron oxide copper gold deposits.

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Rock samples from veins on the claims contained high-grade gold-cobalt values, with other veins revealing promising polymetallic mineralization.

One particular alliteration known as the Vent Zone is interpreted as favorable geology for iron-oxide copper-gold mineralization and is considered a “high priority” drill target, American Manganese said in a release.

At a separate zone known as Cap, a sample taken from the property returned an assay value of 1,845 grams per ton (g/t) silver associated with favorable geology.

The company told shareholders that it plans to advance exploration and development work on the Vent, Cap and Victoria zones with a proposed 1,400 metre drilling program to intersect depth extensions of surface mineralization.

The Rocher Deboule property is part of the Hazelton project, which includes three historic mines. The former Rocher Deboule mine produced ore grades averaging 5.9% copper and 2.9 g/t gold.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Price: 0.19 CAD

TSX-V:AMY
Market: TSX-V
Market Cap: $34.34 m
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