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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