VANCOUVER, Aug. 17, 2012 /CNW/ - The Company (AMI Resources Inc. - TSX-V Symbol AMU) has received from Newmont Ghana Gold Limited a Notice of Termination of the Option Agreement to earn an interest in the Anuoro prospecting license in Ghana. Under the agreement, Newmont Ghana will provide the Company with a final data package of all their exploration programs on Anuoro.
The majority of Newmont's work was concentrated in the northern portion of the Anuoro license, which they hoped would indicate a broad potential economic mineralization capable of producing low bulk tonnage for heap leaching. Several other targets have been generated across the entire project by Newmont and the Company which are yet to be drill tested.
The 65 square kilometers Anuoro concession is located on the Ashanti greenstone belt; the most prolific of the Ghanaian greenstone belts about 8 kilometers south west of the Konongo mine. It covers about 10 kilometers strike of the Ashanti structure and is composed of complex lithological units. In June 2012, the license was renewed for a two-year period and further extensions are available under the mining laws.
With AMI now having 100% control of the operations, AMI will evaluate all the data and prepare its next phase of exploration.
We seek safe harbour.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
SOURCE: AMI Resources Inc.
For further information:
Dustin Elford, President (604) 669-2901