Mr. Larry Reaugh reports
AMERICAN MANGANESE INC.: DRILLING CONTINUES TO ENCOUNTER THICK ZONES OF MANGANESE
American Manganese Inc. has received results for the following 11 holes from its 2011 Artillery Peak drilling program. The results for the first 48 drill holes have been previously announced.
The company initiated the drilling program on April 20, 2011, and completed it on June 17, 2011. It was performed using reverse circulation drilling techniques as the mineralization is disseminated and uniform. A total of 10,607 metres (34,800 feet) was drilled in 86 drill holes.
Larry Reaugh, chief executive officer, states that: "We have now reported for just over two-thirds of the program drill holes and are very pleased with the results. The results of drill holes 95 and 107 are particularly outstanding. We are closing information gaps and increasing the amount of known mineralization on the patented claims along the northeast flank of Manganese Mesa. The extensive mineralization at Artillery Peak occurs within sedimentary beds taking the form of paleo-alluvial fans spreading out down slope from a number of source vents. As expected, the mineralized intersections continue to demonstrate the expected lateral continuity over good widths, augmented by local higher-grade intersections."
The significant mineralized intersections for the 11 drill holes are presented in the associated table.
2011 DRILL PROGRAM
From To From To Interval Interval Grade
Hole (feet) (feet) (metres) (metres) (metres) (feet) (%Mn)
AP11-85 20 65 6.10 19.82 13.72 45 2.40
Including 50 60 15.24 18.29 3.05 10 4.82
445 460 135.67 140.24 4.57 15 2.08
495 505 150.91 153.96 3.05 10 1.46
510 520 155.49 158.54 3.05 10 1.27
530 540 161.59 164.63 3.05 10 1.29
AP11-89 0 5 0.00 1.52 1.52 5 0.93
10 50 3.05 15.24 12.20 40 1.67
60 65 18.29 19.82 1.52 5 1.10
85 95 25.91 28.96 3.05 10 2.98
Including 85 90 25.91 27.44 1.52 5 5.02
110 115 33.54 35.06 1.52 5 2.57
120 125 36.59 38.11 1.52 5 3.73
AP11-91 20 40 6.10 12.20 6.10 20 5.65
Including 20 35 6.10 10.67 4.57 15 6.75
90 95 27.44 28.96 1.52 5 0.92
AP11-95 190 195 57.93 59.45 1.52 5 0.97
200 270 60.98 82.32 21.34 70 3.10
Including 210 215 64.02 65.55 1.52 5 6.89
Including 225 230 68.60 70.12 1.52 5 3.05
Including 245 250 74.70 76.22 1.52 5 5.48
Including 255 260 77.74 79.27 1.52 5 3.69
280 290 85.37 88.41 3.05 10 1.88
305 310 92.99 94.51 1.52 5 1.07
315 325 96.04 99.09 3.05 10 2.61
330 345 100.61 105.18 4.57 15 2.76
Including 330 335 100.61 102.13 1.52 5 3.70
370 385 112.80 117.38 4.57 15 1.47
AP11-96 60 65 18.29 19.82 1.52 5 0.98
80 120 24.39 36.59 12.20 40 1.87
Including 85 95 25.91 28.96 3.05 10 3.84
135 140 41.16 42.68 1.52 5 2.20
170 175 51.83 53.35 1.52 5 1.29
185 195 56.40 59.45 3.05 10 1.88
200 205 60.98 62.50 1.52 5 1.16
AP11-97 240 245 73.17 74.70 1.52 5 1.09
260 350 79.27 106.71 27.44 90 2.47
Including 280 285 85.37 86.89 1.52 5 3.21
Including 290 295 88.41 89.94 1.52 5 3.23
Including 300 305 91.46 92.99 1.52 5 4.31
Including 340 345 103.66 105.18 1.52 5 3.35
355 415 108.23 126.52 18.29 60 1.78
425 460 129.57 140.24 10.67 35 3.16
Including 440 455 134.15 138.72 4.57 15 4.85
480 495 146.34 150.91 4.57 15 2.02
500 505 152.44 153.96 1.52 5 1.58
AP11-99 0 10 0.00 3.05 3.05 10 1.43
20 25 6.10 7.62 1.52 5 1.27
50 70 15.24 21.34 6.10 20 1.84
75 115 22.87 35.06 12.20 40 3.03
Including 80 85 24.39 25.91 1.52 5 3.14
Including 95 110 28.96 33.54 4.57 15 4.32
130 155 39.63 47.26 7.62 25 2.39
160 170 48.78 51.83 3.05 10 0.93
AP11-107 305 360 92.99 109.76 16.77 55 2.50
Including 310 315 94.51 96.04 1.52 5 3.36
Including 335 340 102.13 103.66 1.52 5 3.70
Including 345 350 105.18 106.71 1.52 5 5.75
440 445 134.15 135.67 1.52 5 1.06
450 530 137.20 161.59 24.39 80 2.25
Including 455 460 138.72 140.24 1.52 5 3.33
Including 500 505 152.44 153.96 1.52 5 4.25
540 590 164.63 179.88 15.24 50 3.21
Including 565 590 172.26 179.88 7.62 25 4.26
610 625 185.98 190.55 4.57 15 2.98
Including 610 615 185.98 187.50 1.52 5 3.47
640 645 195.12 196.65 1.52 5 2.02
AP11-108 0 20 0.00 6.10 6.10 20 2.21
25 30 7.62 9.15 1.52 5 0.99
40 45 12.20 13.72 1.52 5 0.94
55 70 16.77 21.34 4.57 15 2.44
Including 60 65 18.29 19.82 1.52 5 3.37
85 130 25.91 39.63 13.72 45 3.66
Including 90 95 27.44 28.96 1.52 5 4.10
Including 105 120 32.01 36.59 4.57 15 6.98
145 165 44.21 50.30 6.10 20 2.33
Including 150 155 45.73 47.26 1.52 5 4.22
180 185 54.88 56.40 1.52 5 1.48
AP11-109 15 40 4.57 12.20 7.62 25 2.55
Including 20 30 6.10 9.15 3.05 10 3.29
45 90 13.72 27.44 13.72 45 3.86
Including 50 60 15.24 18.29 3.05 10 3.67
Including 65 85 19.82 25.91 6.10 20 5.83
95 105 28.96 32.01 3.05 10 2.24
Including 95 100 28.96 30.49 1.52 5 3.48
AP11-110 0 35 0.00 10.67 10.67 35 2.31
Including 10 15 3.05 4.57 1.52 5 3.13
Including 20 25 6.10 7.62 1.52 5 3.70
40 90 12.20 27.44 15.24 50 4.61
Including 45 55 13.72 16.77 3.05 10 4.78
Including 60 80 18.29 24.39 6.10 20 6.74
100 105 30.49 32.01 1.52 5 1.15
Assays were performed by ALS Chemex in Sparks, Nev. Further results will be reported as they are received.
The current National Instrument 43-101-compliant resource estimate of the Artillery Peak manganese deposit includes an indicated resource of about 92.8 million tonnes grading 3.27 per cent Mn (6.7 billion pounds contained Mn) and an inferred resource of about 107.2 million tonnes grading 3.76 per cent Mn (8.9 billion pounds contained Mn).
About manganese
China controls electrolytic manganese production (EMM) supplying and producing 98.44 per cent of the world's needs (three billion pounds per year).
There is no substitute for manganese in steel (total manganese market greater than 31 billion pounds per year, fourth largest traded metal).
Manganese is the most critical metal at risk to supply and restriction in the United States as there is no U.S. production. EMM's greatest uses are the upgrading of specialty steel (47 per cent) and the manufacture of aluminum alloys (32 per cent) and electronics (14 per cent).
Electrolytic manganese dioxide (EMD) for the battery industry is expected to be the fastest growing segment of the manganese market.
China has a 20-per-cent export duty on EMM and the U.S. has a 14-per-cent import duty (U.S. price $1.81 per pound); the current world price for electrolytic manganese metal is about $1.54 per pound. Manganese resources are declining in China especially carbonate ores for production of EMM, forcing Chinese companies to seek production offshore.
China is currently shutting down production of EMM in several provinces for environmental reasons.
China production of EMM is predicted to fall 500,000 to 700,000 tonnes out of 1.4 million tonnes in the next three to five years.
This release has been reviewed by Norman L. Tribe, PEng, a qualified person pursuant to National Instrument 43-101.
We seek Safe Harbor.
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