VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/19/11 -- Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc., (TSX VENTURE: AMY)(PINK SHEETS: AMYZF) ('American Manganese' or the 'Company') is pleased to report the Company has received results for the following 10 drill holes from its 2011 Artillery Peak drilling program. The results for first 38 drill holes have been previously announced.
The Company initiated the drilling program on April 20, 2011 and completed on June 17, 2011. It was performed using reverse circulation drilling techniques as the mineralization is disseminated and uniform. A total of 10,607 meters (34,800 ft) was drilled in 86 drill holes.
Mr. Reaugh states that, 'We have now reported for just over half of the program drill holes, and are very pleased with the results. The results of Drill Hole 87 are particularly outstanding. We are closing information gaps and increasing the amount of known mineralization on the patented claims along the northeast flank of Manganese Mesa. The extensive mineralization at Artillery Peak occurs within sedimentary beds taking the form of paleo-alluvial fans spreading out down slope from a number of source vents. As expected, the mineralized intersections continue to demonstrate the expected lateral continuity over good widths, augmented by local higher grade intersections.'
The significant mineralized intersections for the following 10 drill holes are presented in the table below.
2011 DRILL PROGRAM
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FROM TO FROM TO INTERVAL INTERVAL GRADE
HOLE (feet) (feet) (meters) (meters) (meters) (feet) (%Mn)
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AP11-87 80 90 24.39 27.44 3.05 10 1.19
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105 225 32.01 68.60 36.59 120 3.95
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Including 120 130 36.59 39.63 3.05 10 4.99
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Including 140 145 42.68 44.21 1.52 5 3.01
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Including 170 220 51.83 67.07 15.24 50 6.47
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235 270 71.65 82.32 10.67 35 1.88
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AP11-93 145 150 44.21 45.73 1.52 5 0.96
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175 180 53.35 54.88 1.52 5 3.47
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185 220 56.40 67.07 10.67 35 2.52
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Including 190 195 57.93 59.45 1.52 5 3.94
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Including 200 205 60.98 62.50 1.52 5 3.34
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Including 210 215 64.02 65.55 1.52 5 3.03
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230 260 70.12 79.27 9.15 30 2.08
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Including 235 240 71.65 73.17 1.52 5 3.52
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270 305 82.32 92.99 10.67 35 4.43
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Including 270 275 82.32 83.84 1.52 5 3.84
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Including 285 305 86.89 92.99 6.10 20 5.75
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310 315 94.51 96.04 1.52 5 0.98
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320 350 97.56 106.71 9.15 30 2.21
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Including 325 330 99.09 100.61 1.52 5 3.59
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360 365 109.76 111.28 1.52 5 0.94
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AP11-98 105 110 32.01 33.54 1.52 5 1.37
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115 120 35.06 36.59 1.52 5 1.36
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125 130 38.11 39.63 1.52 5 1.14
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150 155 45.73 47.26 1.52 5 1.11
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180 185 54.88 56.40 1.52 5 3.96
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190 195 57.93 59.45 1.52 5 1.94
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205 210 62.50 64.02 1.52 5 1.40
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215 230 65.55 70.12 4.57 15 1.87
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265 270 80.79 82.32 1.52 5 1.17
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AP11-103 5 25 1.52 7.62 6.10 20 2.85
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Including 10 20 3.05 6.10 3.05 10 3.62
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305 330 92.99 100.61 7.62 25 1.82
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335 345 102.13 105.18 3.05 10 1.61
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370 395 112.80 120.43 7.62 25 1.19
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400 405 121.95 123.48 1.52 5 1.20
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AP11-104 40 55 12.20 16.77 4.57 15 1.26
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345 385 105.18 117.38 12.20 40 1.90
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415 420 126.52 128.05 1.52 5 1.58
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425 470 129.57 143.29 13.72 45 2.75
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Including 425 440 129.57 134.15 4.57 15 3.27
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475 505 144.82 153.96 9.15 30 3.46
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Including 475 490 144.82 149.39 4.57 15 4.03
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Including 500 505 152.44 153.96 1.52 5 4.00
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520 525 158.54 160.06 1.52 5 1.85
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AP11-105 20 30 6.10 9.15 3.05 10 1.17
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455 460 138.72 140.24 1.52 5 2.05
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500 505 152.44 153.96 1.52 5 1.00
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510 535 155.49 163.11 7.62 25 3.20
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Including 515 530 157.01 161.59 4.57 15 3.86
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540 555 164.63 169.21 4.57 15 3.71
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Including 540 550 164.63 167.68 3.05 10 4.72
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560 565 170.73 172.26 1.52 5 1.73
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AP11-106 340 470 103.66 143.29 39.63 130 3.03
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Including 350 355 106.71 108.23 1.52 5 3.06
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Including 360 365 109.76 111.26 1.52 5 5.13
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Including 375 380 114.33 115.85 1.52 5 3.43
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Including 390 400 118.90 121.95 3.05 10 3.88
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Including 410 415 125.00 126.52 1.52 5 3.24
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Including 430 440 131.10 134.15 3.05 10 4.75
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AP11-111 255 260 77.74 79.27 1.52 5 1.05
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360 395 109.76 120.43 10.67 35 1.71
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400 450 121.95 137.20 15.24 50 1.76
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460 490 140.24 149.39 9.15 30 1.77
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Including 475 480 144.82 146.34 1.52 5 3.89
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AP11-112 55 90 16.77 27.44 10.67 35 3.09
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Including 60 65 18.29 19.82 1.52 5 3.26
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Including 70 80 21.34 24.39 3.05 10 4.27
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115 135 35.06 41.16 6.10 20 3.19
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Including 120 125 36.59 38.11 1.52 5 3.23
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Including 130 135 39.63 41.16 1.52 5 4.39
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145 150 44.21 45.73 1.52 5 1.05
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180 185 54.88 56.40 1.52 5 1.57
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255 285 77.74 86.89 9.15 30 2.65
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Including 275 285 83.84 86.89 3.05 10 4.12
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290 295 88.41 89.94 1.52 5 1.09
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AP11-113B 105 140 32.01 42.68 10.67 35 2.02
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Including 120 125 36.59 38.11 1.52 5 4.15
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145 150 44.21 45.73 1.52 5 1.47
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155 195 47.26 59.45 12.20 40 1.89
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Including 185 190 56.40 57.93 1.52 5 3.07
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280 300 85.37 91.46 6.10 20 1.86
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350 360 106.71 109.76 3.05 10 1.40
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Assays were performed by ALS Chemex in Sparks, Nevada. Further results will be reported as they are received.
The current NI 43-101 compliant resource estimate of the Artillery Peak Manganese deposit includes an Indicated resource of about 92.8 million tonnes grading 3.27% Mn (6.7 billion lbs contain Mn), and an Inferred resource of about 107.2 million tonnes grading 3.76% Mn (8.9 billion lbs contained Mn).
About Manganese
China controls electrolytic manganese production (EMM) supplying and producing 98.44% of the world's needs (3.0 billion pounds per year).
There is no substitute for manganese in steel (total manganese market greater than 31 billion pounds per year, fourth largest traded metal).
Manganese is the most critical metal at risk to supply and restriction in the United States as there is no US production. EMM's greatest uses are the upgrading of specialty steel (47%), and the manufacture of aluminum alloys (32%) and electronics (14%).
Electrolytic manganese dioxide (EMD) for the battery industry is expected to be the fastest growing segment of the manganese market.
China has a 20% export duty on EMM and the US has a 14% import duty; (US Price $1.81/lb) the current world price for Electrolytic Manganese Metal is about $1.54/lb. Manganese resources are declining in China especially carbonate ores for production of EMM, forcing Chinese companies to seek production offshore.
China is currently shutting down production of EMM in several provinces for environmental reasons.
China production of EMM predicted to fall 500 - 700,000 T's out of 1.4 million T's in next 3 - 5 years.
About American Manganese Inc.:
American Manganese Inc. is a diversified specialty and critical metal Company focusing on potentially becoming the lowest cost producer of electrolytic manganese from its Arizona Manganese Project.
This release has been reviewed by Norman L. Tribe, P.Eng. a qualified person pursuant to National Instrument 43-101.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh, President and Chief Executive Officer
This news release may contain certain 'Forward-Looking Statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
American Manganese Inc.
Larry W. Reaugh
President and Chief Executive Officer
604-531-9639
604-531-9634 (FAX)
www.americanmanganeseinc.com
