APM Andean Precious Metals Corp

Amerix Precious Metals Corporation ('Amerix' or 'the Company') (TSX
VENTURE:APM)(FRANKFURT:NJGN) is pleased to report geochemical survey results
completed at the Company's Limao gold project located in the Tapajos district of
Brazil. Amerix is exploring its large, 18,000 hectare property where it has
followed up its geochemical survey results by drilling priority gold targets.
The Company has now drilled the Central Grid, "Limao Pit Target" and the South
Grid, "Jorge Zone Target" during the 2012 drilling campaigns. High grade gold
has been intercepted by drilling at both target areas. Geochemical surveying has
been the most productive exploration method for outlining these targets at the
project.


Amerix has extended and infilled geochemical survey grid lines at the eastern
margin of the Limao South Grid. Earlier in 2012, the Company completed 4 drill
holes at the South Grid, targeting gold mineralization that was indicated in
shear hosted quartz veins exposed in old workings and more broadly identified in
a 400 metre long, east-west trending, gold geochemical anomaly (See News Release
2012 - 01). Drill hole intersections of 7.36 g/t gold across 1 metre and 39.4
g/t gold across 0.5 metre highlighted the results from the 4 drill holes which
intersected numerous zones of anomalous gold occurring with pyrite, primarily in
sheared and silicified granitic rocks. This is referred to as the "Jorge Zone".
(See News Release 2012 - 12).


The extended and infilled geochemical survey grid lines followed up a second
anomalous gold geochemical feature centred 400 metres northeast of the drilled
"Jorge Zone". This gold in soil geochemical anomaly, the "Atilio Zone" has now
been traced for approximately 350 metres along an east-west trend and has a
variable width of 100 to 200 metres. Anomalous gold values range from 25 to 250
ppb. Company geologists interpret the extended anomalies to be a parallel system
of shear hosted veins with gold mineralization. The gold in soil geochemical
anomaly may extend further to the east-southeast and this will need to be
determined by further extending the grid.


To view a map image of the South Grid, please copy and paste the URL below into
a new browser:

http://amerixcorp.com/pressreleases/SZ_SOIL_CONTOUR_DRILL_HIGHLIGHTS_UPDATE_p.pdf.

The entire South Grid was originally sampled using a manual auger to take
1-metre deep samples at 20 metre spacings along north-south grid lines spaced
100 metres apart. Secondary, closer spaced grid lines (20 metres apart) were
sampled in the areas of anomalous gold and particularly in the eastern extension
area. Each grid line was mapped and every sample was geologically logged and
then prepared for shipping and analysis. All samples were prepared at Acme Labs
preparation facility in Itaituba, Brazil and samples were shipped to Acme's
Santiago, Chile Laboratory for fire assay gold analysis. The Company utilizes a
QA/QC chain of custody program overseen by its geologists concerning its
samples.


In the coming months, Amerix expects to release additional geochemical survey
results from exploration work carried out at the Limao property and from the
adjoining Serra Dourada optioned property.


Mr. Ryan Grywul, P. Geo., and Vice President, Corporate Development for Amerix,
and a qualified person as defined in National Policy 43-101 is responsible for
all technical information contained in this news release.


About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario company, managed by an
experienced team, exploring for precious metals in Brazil. Amerix's objective is
to create value for shareholders through the delineation and expansion of
bedrock gold resources, and realization of value from placer and tailings gold
resources at the Company's properties. Brazil has significant gold potential and
is a proven mining-friendly country. Amerix will continue to seek exploration
properties of merit via staking, acquisition or merger. The Company's shares
trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt
Stock Exchange under the symbol "NJGN".


Disclosure Regarding Forward-Looking Statements: This press release contains
certain "Forward-Looking Statements" within the meaning of applicable securities
legislation. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX Venture Exchange
and, among others, the Ontario Securities Commission as well as under the
heading "Risk Factors" in the Management Discussion and Analysis.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Amerix Precious Metals Corporation
Steve Brunelle
President and Chief Executive Officer
647-260-0470
steve.brunelle@amerixcorp.com


Amerix Precious Metals Corporation
Dan Hamilton
Chief Financial Officer
647-260-0470
dan.hamilton@amerixcorp.com
www.amerixcorp.com

Andean Precious Metals (TSXV:APM)
Historical Stock Chart
From Apr 2024 to May 2024

Andean Precious Metals (TSXV:APM)
Historical Stock Chart
From May 2023 to May 2024