Geophysics Completed On Amera's Nevada Projects.VANCOUVER, British Columbia -- Amera Resources Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AMS AMS - Andrew Message System ) is pleased to announce that it has completed a 50 km ground magnetic survey that has identified at least five epithermal gold silver targets on its Roy and Hills properties in the prolific Walker Lane of West Central Nevada. The Roy property encountered four large magnetic low anomalies that are situated along a regional, east-west trending magnetic linear that is interpreted to be a district-scale controlling structure. The size of the Roy alteration system is similar in scale and alteration type to the historic Tonopah District which produced over 3 million gold equivalent ounces from underground operations. Previous drilling was never conducted on the magnetic low targets. The Hills property ground magnetics encountered a district-scale, east-west trending magnetic gradient with most surface alteration found within the magnetic low. The calcite calcite (kăl`sīt), very widely distributed mineral, commonly white or colorless, but appearing in a great variety of colors owing to impurities. veining vein·ing n. Distribution or arrangement of veins or veinlike markings. present within the target areas is reminiscent to that seen in the prolific Comstock Lode at Virginia City and is indicative of the upper levels of an epithermal vein system. The structure surveyed on the Hills property is of district size and potential. The Roy and Hills properties are located 45 miles northwest of Tonopah within the Roysten Hills and had been previously geochem sampled by Amera with several rock samples attaining ore grades for gold and silver. Host rocks on Roy consist of 23-16 ma volcanic rocks of dacite da·cite n. A light gray volcanic rock containing a mixture of plagioclase and other crystalline minerals in glassy silica, similar in appearance to rhyolite. [After Dacia. and andesite andesite Any member of a large family of rocks that occur in most of the world's volcanic areas, mainly as surface deposits and to a lesser extent as dikes and small plugs. composition that have undergone argillic and sericitic alteration with local silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. and quartz veining. Alteration on the Hills Property is located within the magnetic low and consists of sericite-altered, rhyolite rhyolite, fine-grained light-colored acidic volcanic rock. Rhyolite is chemically the equivalent of granite, and is thus composed primarily of quartz and orthoclase feldspar with subordinate amounts of plagioclase feldspar, biotite mica, amphiboles, and pyroxenes. to latite tuffs and flows that have been cut by calcite veins and stockworks. The recently completed ground magnetic survey was conducted by Quantec Geophysics and consisted of 200 meter-spaced lines with 10 meter-spaced sample points. Amera is leveraging its extensive contact network, is actively exploring in Argentina, Peru and Nevada and continues to negotiate for the acquisition of additional properties in the Americas. The Company is committed to growth and added shareholder value through gold and precious metal-rich polymetallic discoveries. The Grosso Group - Amera enjoys a close association with The Grosso Group, giving the Company exposure to an extensive array of mineral opportunities and access to the Group's global financial network. The Grosso Group has enjoyed tremendous success in the exploration field, most notably with IMA (Interactive Multimedia Association, Annapolis, MD) An earlier trade association founded in 1988 originally as the Interactive Video Industry Association. It provided an open process for adopting existing technologies and was involved in subjects such as networked services, scripting Exploration Inc., and is comprised of a team of seasoned professionals led by Mr. Joseph Grosso. This affiliation enables Amera to fast track its property acquisition and exploration strategies. ON BEHALF OF THE BOARD Mr. Nikolaos Cacos, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. 2005 Number 11 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Amera Resources Corporation (TSX VENTURE:AMS) |
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