amerix precious metals corp
(APM:Venture)
amerix precious metals corp (APM) Snapshot
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Open
C$0.02
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Previous Close
C$0.02
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Day High
C$0.02
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Day Low
C$0.02
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52 Week High
09/5/12 - C$0.24
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52 Week Low
04/16/13 - C$0.02
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Market Cap
1.6M
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Average Volume 10 Days
60.3K
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EPS TTM
C$-0.03
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Shares Outstanding
82.5M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
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Amerix Precious Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Brazil. It principally holds interest in the Limao Gold Property consisting of various exploration licences totaling 11,500 hectares, which is located in Tapajos Gold district in Central Brazil. The company is based in Toronto, Canada.
amerix precious metals corp (APM) Top Compensated Officers
amerix precious metals corp (APM) Key Developments
Amerix Precious Metals Corporation reported geochemical survey results completed at the company's Limao gold project located in the Tapajos district of Brazil. The company is exploring its large, 18,000 hectare property where it has followed up its geochemical survey results by drilling priority gold targets. The company has now drilled the Central Grid, "Limao Pit Target" and the South Grid, "Jorge Zone Target" during the 2012 drilling campaigns. High grade gold has been intercepted by drilling at both target areas. Geochemical surveying has been the most productive exploration method for outlining these targets at the project. The company has extended and infilled geochemical survey grid lines at the eastern margin of the Limao South Grid. Earlier in 2012, the company completed 4 drill holes at the South Grid, targeting gold mineralization that was indicated in shear hosted quartz veins exposed in old workings and more broadly identified in a 400 metre long, east-west trending, gold geochemical anomaly. Drill hole intersections of 7.36 g/t gold across 1 metre and 39.4 g/t gold across 0.5 metre highlighted the results from the 4 drill holes which intersected numerous zones of anomalous gold occurring with pyrite, primarily in sheared and silicified granitic rocks. This is referred to as the "Jorge Zone". The extended and infilled geochemical survey grid lines followed up a second anomalous gold geochemical feature centred 400 metres northeast of the drilled "Jorge Zone". This gold in soil geochemical anomaly, the "Atilio Zone" has now been traced for approximately 350 metres along an east-west trend and has a variable width of 100 to 200 metres. Anomalous gold values range from 25 to 250 ppb. The company geologists interpret the extended anomalies to be a parallel system of shear hosted veins with gold mineralization. The gold in soil geochemical anomaly may extend further to the east-southeast and this will need to be determined by further extending the grid.
Amerix Precious Metals Corp. reported assay results from the company's 2012 Phase 2 diamond drill program at the 100% owned Limao Gold Property located in the Tapajos Gold Province, Para State, Brazil. Six additional holes totaling 716 metres were drilled in November and December 2012 at the Limao Pit target area to follow up on the results reported earlier in 2012 from the Phase 1 drill program. The Phase 2 drilling program had two objectives; to step across a steeply dipping, northeast trending dyke encountered in earlier hole LDH-05 and test the near surface extension and potential continuity of gold mineralization to the east, and to test the extension of the gold mineralization further to the west. Drill holes LDH-15, 16, 19 and 20 have been drilled on the southeast side, and across the northeast trending dyke that was defined earlier in LDH-05. Holes LDH-15, 16 and 19 were all collared from the same location as earlier hole LDH-14 that intercepted 9.03 metres grading 21.12 grams gold per tonne. Company geologists believe that a second lens-like zone of gold mineralization has now been intersected in holes LDH-14, and LDH-20 with a yet unknown width and orientation. Drill hole LDH-15 was drilled at azimuth 000 and -45 degrees and has intersected from 84.1 to 87.7 metres, 3.6 metres averaging 1.24 grams gold per tonne, from 89.2 to 90.35 metres, 1.15 metres averaging 1.60 grams gold per tonne, and from 101.66 to 104.2 metres, 2.54 metres averaging 1.07 grams gold per tonne. Drill hole LDH-16 was drilled at azimuth 020 and -55 degrees, drilling vertically above the gold intersection in LDH-14 and did not encounter the mineralized zone. Drill hole LDH-19 was drilled at azimuth 034 and -67 degrees, drilling to the east of the gold intersection in LDH-14 and did not encounter significant gold mineralization. Drill hole LDH-20 was collared east of the Limao Pit, and drilled at azimuth 265 and -67.5 degrees and has intersected from 102.75 to 106.46 metres, 3.71 metres averaging 48.09 grams gold per tonne and from 109.79 to 112.15 metres, 2.36 metres averaging 2.91 grams gold per tonne. Drill holes LDH-17 and LDH-18 have been drilled at the western margin of the Limao Pit. These were short holes that targeted the western projection of the gold mineralization near surface. Neither hole intersected significant gold mineralization. These results indicate the western margin of the lens of gold mineralization encountered in holes LDH-01, 02, 03, 04, 11 and 13. It appears to the company's geologists that the gold mineralization tested on the west side of the dyke is trending at 110 degrees and plunging to the southeast.
Amerix Precious Metals Corp., Annual General Meeting, Jan 25, 2013., at 14:00 Eastern Standard Time. Location: The Toronto Board of Trade, 1 First Canadian Place. Agenda: To receive and consider the audited consolidated financial statements for the financial year ended July 31, 2012 together with the report of the auditor thereon; to consider election of directors for the ensuing year; to consider appointment of auditor for the ensuing year and to authorize the directors to fix the remuneration of the auditor; to consider, and if deemed advisable, pass an ordinary resolution, approving the continued use of the Corporation's stock option plan; and to consider the transaction of such other business as may properly be brought before the Meeting or any adjournment thereof.

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| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 2.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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