01:50:03 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



AM Resources Corp
Symbol AMR
Shares Issued 157,129,072
Close 2024-04-10 C$ 0.05
Market Cap C$ 7,856,454
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AM Resources identifies 26 new pegmatites in Austria

2024-04-11 09:54 ET - News Release

Mr. David Grondin reports

AM RESOURCES IDENTIFIES 26 NEW PEGMATITES FOR A TOTAL OF 187 PEGMATITES ON ITS 1,500 KM 2 LAND PACKAGE IN AUSTRIA

AM Resources Corp. has discovered 26 new pegmatites as a result of its continuing compilation of government databases since it acquired its 1,500-square-kilometre land package (see press release dated March 21, 2024). AM Resources has now identified a total of 187 pegmatites, consolidating its strategic position in one of Austria's most prospective lithium areas. AM Resources' 1,500 km 2 land package

First Group

The Company has identified 8 large pegmatites with lengths varying between 329 metres and 887 metres, with the most extensive pegmatite measuring an impressive 281 metres in width.

Second Group

An additional 18 pegmatites ranging from 102 metres to 560 metres in length were discovered, with the thickest pegmatite reaching 195 metres in width. This group's diversity in size and shape adds to the prospectivity of AM Resources' holdings. Many of these pegmatites are located within mica schists, a geological setting favorable for the presence of lithium-bearing minerals.

David Grondin, CEO of AM Resources commented: "Since the acquisition, we've been compiling the data available to us in preparation for our upcoming exploration program scheduled for June. We are very pleased with the number and size of the pegmatites found so far. Once we finish compiling the data, we'll have a better picture of the work that needs to be done to fully evaluate the lithium potential of our properties." Location, Location, Location

As previously reported, the AM Resources team has been actively assembling a massive prospective land package with four key elements at the core of its strategy: proven geology, proximity to key markets, historical expertise, and a clear, proven mining code. AM Resources' Austrian properties are located within 620 km of 14 planned battery plants and have direct access to an extensive rail system.

Qualified Person

Technical information related in this news release has been reviewed and verified by Jean Lafleur, P. Geo., of PJLEXPL Inc., a registered geologist with the Ordre des Geologues du Quebec (OGQ #833) and is a qualified person (QP) as defined by NI 43-101. Mr. Lafleur is independent from the Company and has reviewed and approved the disclosure of the AM Resources geological information.

About AM Resources

AM Resources Corporation (TSXV: AMR) is a dynamic junior mining company focused on the exploration and development of high-potential pegmatite deposits. With a strategic portfolio of assets and a commitment to responsible resource development, the Company is dedicated to creating long-term value for its stakeholders while adhering to the highest standards of corporate governance and sustainability.

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