Of course this is old news way back from 2007 when AMX first listed:
163m @0.77% Cu, 0.57g/t Au and 120m @0.79% Cu, 0.27 g/t Au assay hits less than 8kms west of Ampella's Donko tenement. These hits form part of Volta Resorces (TSX) Gaoua porphyry copper-gold resource of 82mt of 0.4% Cu and 0.4 g/t Au for total 725,000 lbs Cu and 1.1m oz Au.
Looks like AMX are finally doing some regional geochemistry near Bator on the edge of the Donko tenement according to latest presentation. Has anyone over the last few years heard snippets of any other exploration activity/potential on this still 100% owned Donka tenement?
Furthermore, same goes for the Dounkou permit bought in Oct 2009. This permit lies south of Volta Resources Gaoua copper-gold resource. AMX stated at the time 'The host stratigraphy to mineralisation (of the Gaoua copper-gold resource)is interpreted to continue onto the Dounkou Permit'.
The next month or so should provide significant amounts of assays results from new prospects such as Foumbiri and Doubema. Further results still coming for even more Konkera infill drilling.
It is possible that a resource/reserve upgrade will be released before calender year end. This is likely to include a significant amount of the 1.6m oz Inferred Resource being upgraded to Indicated given the massive amount of infill and step out drilling in and around the Konkera Resource during the last 12 months. May include a small portion of the current 1.5m oz Indicated Resource being upgraded to Measured as well. Also a slim chance of the total resource being increased if they include expanded Konkera pits and/or a new Inferred Resource for Foumbri and Doubema (F&B) prospects. Not sure if enough drilling has occured at F&B yet. At a minimum, expect a guide as to resource potential of F&B.
Back to copper. Given the AMX tenements in close proximity of Volta's copper-gold, but more importantly, the massive locked up land package based around 150km of shear, the discovery of copper in the next few years is not so fanciful and would turbo-charge AMX.
AMX is well under the odds as it is IMO. SP action looking for a good leg up with news pending and gold price firm in mid $1700's. We have a long-term, strategic land package with in Burkina-Faso with unlimited potential for gold and possibly other minerals. Keep the faith.
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163m @0.77% cu, 0.5gt au 8kms from amx
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