Amerix Precious Metals Corporation

Amerix Precious Metals Corporation

August 15, 2005 09:01 ET

Amerix Announces Encouraging Drilling Results at Ouro Roxo North; Hole Measures 18 Meters of 7.7 GPT Gold

TORONTO, ONTARIO--(CCNMatthews - Aug. 15, 2005) - Amerix Precious Metals Corporation (TSX VENTURE:APM) is pleased to provide a further progress report on exploration activities at its Vila Porto Rico gold property in western Para State, Brazil.

Mineracao Vila Porto Rico (MVPR), the wholly-owned Brazilian subsidiary of Amerix, has received further assay results from Ouro Roxo North, where hole number 27 intersected a mineralized zone 148 meters below the collar, which averaged 7.7 grams per ton (gpt) gold over 18 meters, including 25.5 gpt gold over 5 meters.

Commenting on these results, John Andrews, President and CEO of Amerix, said: "We are delighted that these results confirm previous high grade intersections reported by RTMD in the mid-1990s. The results also suggest that the zone of interest may be thicker than previously understood and extend the high grade zone toward the southeast.

"At Ouro Roxo South, an initial program of 14 holes has been drilled in a systematic grid based on a strong geochemical anomaly and MVPR has received further assay results from 10 holes. The results appear to be from two separate mineralized groups, possibly divided by a northeast-southwest striking fault. The table below summarizes highlights from the assay results at Ouro Roxo South. A map and assay results are available for review on the Amerix website at

The results of an additional four holes drilled at Ouro Roxo South are expected to be available in six to eight weeks.

Gold intersections at Ouro Roxo South

Hole Section Hole Interval Thickness Gold Assay
Number Line Bearing & in meters (Meters) (Grams per
Inclination tonne)
AORS-08 2100S 60 degrees
to west 21 - 27 6.0 4.2
29 - 30 1.0 1.7
61 - 62 1.0 2.1
64 - 66 2.2 1.9
AORS-09 2200S 60 degrees
to west 26 - 27 1.0 4.6
AORS-10 2300S 60 degrees
to west 23 - 28 5.0 5.9
including 23 26 3.0 9.5

45 - 46 1.0 1.4
69 - 70 1.4 7.4
AORS-11 2400S 60 degrees
to west 33 - 36 3.0 5.3
AORS-12 2200S 60 degrees
to west 61 - 62 0.6 1.3
77 - 78 1.0 4.4
67 - 68 1.0 3.3
AORS-21 2250S 60 degrees
to west - 7.0 5.3
including - 4.0 8.8

41 - 42 1.0 5.9
62 - 63 0.5 7.7
AORS-30 2100S 60 degrees
to west 36 - 38 1.9 7.3
111 - 112 0.4 2.8

To the north of the last row of holes (AORS-08, AORS-30 and AORS-31), a significant area of Garimpo pits suggests that the mineralized zone becomes better established.

The Corporation is still awaiting a significant number of assays results. Because of this backlog of assays, the diamond drilling program at Ouro Roxo has been curtailed and MVPR will concentrate on a drill program to sample the tailings at Ouro Roxo North before the rainy season begins.

The chemical analyses on the drill core were performed by Lakefield/Geosol of Belo Horizonte, Brazil, an ISO/IEC 17025 and ISO 9002 certified assayer.

The technical and scientific information contained in this press release has been reviewed by John Andrews, P.Eng. (Ontario), a qualified person within the meaning of National Instrument 43-101. Mr. Andrews is President and Chief Executive Officer of the Corporation.

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario corporation that explores for precious metals in Brazil and Mexico. Santo Domingo, the Mexican property, is a silver-gold project about 90 km north of Guadalajara. Vila Porto Rico and Limao, the Brazilian properties, are gold projects in the Tapajos Gold Province in Brazil. The Company's shares trade on the TSX Venture Exchange under the symbol "APM".

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