Amera tests system at Mogote

Vancouver — A first phase of drilling by Amera Resources (AMS-V) has expanded the potential of a copper-gold porphyry system at the Mogote project in Argentina’s San Juan province.

The junior recently completed a 5-hole, 1,475-metre program of diamond drilling at the Filo Este project, where trenching had exposed 500 additional metres of continuous copper-gold mineralization.

The drilling tested only a portion of the Filo Este porphyry target, as well as the Filo Central target, where sampling extended the surface copper-gold anomaly to an overall strike length of 4 km.

Results from the first four holes drilled on the northern portion of the Mogote property are as follows:

— Hole 1A — 489.3 metres grading 0.23 gram gold and 2.6 grams silver per tonne, plus 0.17% copper.

— Hole 1A — 68 metres of 0.43 gram gold, 13.9 grams silver, and 0.24% copper.

— Hole 2 — 313.4 metres of 0.16 gram gold, 1.9 grams silver and 0.17% copper.

— Hole 3 — 294 metres of 0.11 gram gold, 1.3 grams silver and 0.07% copper.

— Hole 4 — 290.2 metres of 0.23 gram gold, 3.1 grams silver and 0.1% copper.

Amera notes that the property is prospective for “Maricunga-style” porphyry copper-gold systems, as well as high-sulphidation, epithermal-style gold-silver mineralization. The junior can earn up to a 75% interest in the project from IMA Exploration (IMR-V).