Metals Update 21/05/21

American Manganese prepares to drill Rocher Deboule

American Manganese Inc. is preparing for a drill program at its Rocher Deboule copper-gold property, located south of New Hazelton, B.C. The company has undertaken the following activities:

  • Completed and filed a National Instrument 43-101 technical report;
  • Applied for drilling and work permits;
  • Established and developed a good working relationship with first nations on land affected by drilling and work programs.

The Rocher Deboule deposit has had historic production of 36,457 tonnes containing 2,167,780 grams silver, 133,676 grams gold and 2,557,433 kilograms of copper between 1915 and 1929; the adjacent Highland Boy produced 68 tonnes containing 1,089 grams silver, 124 grams gold and 4,760 kilograms of copper, and the nearby Victoria produced 51 tonnes, containing 7,341 grams gold, 7,710 kilograms of arsenic and 785 kilograms of cobalt between 1926 and 1940. These mineral deposits are associated with the Late Cretaceous Bulkley plutonic suite, and the Rocher Deboule feldspar porphyry stock. Recent fieldwork involving rock and soil sampling of the western portion of the claims has revealed potential for iron-oxide-copper-gold deposit types. The Victoria No. 3 vein trends west toward Upper Cretaceous Kasalka Fm volcanic-hosted garnet-sericite-illite-quartz-calcite-chlorite-actinolite alteration. A qualified person (as that term is defined under National Instrument 43-101) has not done sufficient work to classify the foregoing historical estimates as current mineral resources or mineral reserves and the company is not treating the historical estimates as current mineral resources or mineral reserves.

American Manganese also reports that after thoughtful consideration by its management and board of directors, the company will not proceed with the proposed spinout of its B.C. mineral assets into a new company as originally announced in July, 2020. The company believes that American Manganese’s current share structure makes it onerous to comply with the TSX Venture Exchange’s policies with respect to spinouts, and that such a transaction will not necessarily increase shareholder value.

Andris Kikauka (PGeo), director for American Manganese, has prepared, reviewed and approved the scientific and technical information in this press release. Mr. Kikauka is a non-independent qualified person within the meaning of National Instrument 43-101 standards.

American Manganese’s current portfolio of projects includes the development of a lithium-ion battery cathode recycling demonstration plant and the Wenden stockpile reclamation and advanced material processing bench-scale project, funded by the U.S. Defense Logistics Agency. In addition, the company holds mineral assets in British Columbia and Arizona.

Avino Silver reminds shareholders to vote

Avino Silver & Gold Mines Ltd. would like to remind shareholders of Avino to vote in favour of all proposed resolutions for the company’s upcoming annual general and special meeting of shareholders being held at 11 a.m. Vancouver time on May 27, 2021. The proxy deadline to vote is May 25, 2021, at 11 a.m. Vancouver time. Your vote is important — please vote today.

The board of directors recommends that shareholders vote for all proposed resolutions.

Shareholders are encouraged to read the materials relating to the meeting and to vote in advance of the proxy voting deadline on May 25, 2021, at 11 a.m. Vancouver time. In the interest of time, shareholders are encouraged to vote by telephone or via the Internet following the instructions found on their form of proxy or voting instruction form. Shareholders may visit the company’s website for copies of the meeting materials.

Shareholder questions or voting assistance

Shareholders who have questions or need assistance with voting can contact the company’s proxy solicitation agent, Laurel Hill Advisory Group, as follows:

  • North America toll-free: 1-877-452-7184;
  • Outside North America: 1-416-304-0211;
  • E-mail: assistance@laurelhill.com.