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Amarium Technologies Inc. (PINKSHEETS: AMMG) released today that it has initiated an exploration program at their Jovita Mine. The initial phase of exploration at Jovita will be to expand their current trenching program along the Northwest corridor of the property. The Jovita Mine is a producing copper mine in Michoacán, Mexico with a 40 ton-per-day (tpd) flotation mill located on the property.
The exploration program is an expansion of Amarium’s current trenching activity on the property. Trenching of the northwest corridor of Jovita will begin immediately, with drilling to commence early fall.
“Our paramount priority at Jovita, is to define the copper resource on the property, and return value to our shareholders. We are working to coordinate exploration plans with our current production schedule at the mine”, said Adam Carter, the President & CEO of Amarium. “Samples and data collected from trenching efforts will be used to ensure that fall drilling is completed efficiently, and to identify supplemental sources of high grade copper ore.”
In June, Amarium announced the Company had signed a US$8.75 million Copper Streaming agreement with Anglo-Asia Resource Partners. Anglo-Asia is a Hong Kong based partnership that procures precious and base metals for the Asian marketplace.
Amarium is focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.
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This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Amarium Technologies, Inc.'s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Amarium Technologies, Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Amarium Technologies, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Amarium Technologies, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.