Attached below is the summary from the Carmichels Research Note just released.
"AMX have announced a stunning maiden resource estimate for their Konkera Prospect at their Batie West Project in southern Burkina Faso. In just 18 months from acquiring the project, AMX have completed three drilling campaigns resulting in a maiden estimate containing a total of 1.2 million ounces at a grade of 2.0 g/t gold. The result provides a strong foundation inwhich to prove up a multi-million ounce resource inventory, given that Konkera was the first prospect drilled within the 110 km long virgin shear zone. Many more targets remain and the Konkera deposit is still open at depth and along strike. This is very encouraging start and we have maintained our Speculative Buy recommendation with an adjusted price target of $1.10, up from our previous target of $0.55."
AMX Price at posting:
71.0¢ Sentiment: LT Buy Disclosure: Held
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