AM Sources Company (“AM Sources” or the “Firm”) (TSXV: AMR) (Frankfurt: 76A), a dynamic junior mining firm targeted on the exploration and improvement of high-potential pegmatite lithium deposits, is happy to announce the invention of 26 new pegmatites because of its ongoing compilation of presidency databases because it acquired its 1,500 km2 land package deal (see press launch dated March 21, 2024). AM Sources has now recognized a complete of 187 pegmatites, consolidating its strategic place in one in every of Austria’s most potential lithium areas.
- Not too long ago introduced 1,500 km2 land package deal offers AM Sources management over a big space of the Austrian Pegmatite Belt.
- Ongoing compilation of presidency information resulted within the discovery of 26 extra pegmatites throughout two teams, with sizes starting from 102 metres to 887 metres.
- Many pegmatites are strategically situated inside mica schists, indicating favorable circumstances for lithium-bearing minerals.
- Newest discoveries proceed to strengthen AM Sources’ place within the Austrian Pegmatite Belt, situated inside proximity to European battery producers.
AM Sources’ 1,500 okm2 land package deal
First Group
The Firm has recognized 8 massive pegmatites with lengths various between 329 metres and 887 metres, with essentially the most in depth pegmatite measuring a formidable 281 metres in width.
Second Group
An extra 18 pegmatites starting from 102 metres to 560 metres in size have been found, with the thickest pegmatite reaching 195 metres in width. This group’s variety in dimension and form provides to the prospectivity of AM Sources’ holdings. Many of those pegmatites are situated inside mica schists, a geological setting favorable for the presence of lithium-bearing minerals.
David Grondin, CEO of AM Sources commented: “For the reason that acquisition, we have been compiling the information accessible to us in preparation for our upcoming exploration program scheduled for June. We’re more than happy with the quantity and dimension of the pegmatites discovered thus far. As soon as we end compiling the information, we’ll have a greater image of the work that must be accomplished to totally consider the lithium potential of our properties.”
Location, Location, Location
As beforehand reported, the AM Sources workforce has been actively assembling a large potential land package deal with 4 key components on the core of its technique: confirmed geology, proximity to key markets, historic experience, and a transparent, confirmed mining code. AM Sources’ Austrian properties are situated inside 620 km of 14 deliberate battery vegetation and have direct entry to an intensive rail system.
Certified Particular person
Technical info associated on this information launch has been reviewed and verified by Jean Lafleur, P. Geo., of PJLEXPL Inc., a registered geologist with the Ordre des Géologues du Québec (OGQ #833) and is a certified individual (QP) as outlined by NI 43-101. Mr. Lafleur is impartial from the Firm and has reviewed and authorised the disclosure of the AM Sources geological info.
About AM Sources
AM Sources Company (TSXV: AMR) is a dynamic junior mining firm targeted on the exploration and improvement of high-potential pegmatite deposits. With a strategic portfolio of belongings and a dedication to accountable useful resource improvement, the Firm is devoted to creating long-term worth for its stakeholders whereas adhering to the very best requirements of company governance and sustainability.
Ahead-Trying Statements
This information launch comprises forward-looking statements. Ahead-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of AM Sources to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Usually, however not all the time, forward-looking statements will be recognized by means of phrases similar to “plans”, “expects”, “estimates”, “intends”, “anticipates” or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “might”, “would”, “would possibly” or “will” be taken, happen or be achieved. Accordingly, readers mustn’t place undue reliance on the forward-looking statements and knowledge contained on this press launch. Since forward-looking statements and knowledge deal with future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Precise outcomes might differ materially from these at present anticipated on account of quite a lot of components and dangers. Readers are cautioned that the foregoing checklist of things will not be exhaustive. The forward-looking statements contained on this information launch are made as of the date of this launch and, accordingly, are topic to vary after such date. AM Sources doesn’t assume any obligation to replace or revise any forward-looking statements, whether or not written or oral, which may be made sometimes by us or on our behalf, besides as required by relevant regulation.
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
For additional info:
David Grondin
AM Sources Company
President and Chief Govt Officer
1-514-583-3490