Amseco Exploration Ltd.

Amseco Exploration Ltd.

March 06, 2008 11:53 ET

Amseco Exploration Ltd.: High Platinum-Palladium-Rhodium Values Confirmed Near Thetford Mines

PIEDMONT, QUEBEC--(Marketwire - March 6, 2008) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") is pleased to announce that exploration work done during the early season of 2008 field season on its mining properties near Thetford Mines, have confirmed the presence of substantial platinum-palladium-rhodium (PGE) mineralisation associated with chromite layers in pyroxenite unit.

A special attention has been given to the Starchrome showing. Amseco has undertaken a detailed channel sampling of the showing from which results are pending. Two grab samples from the chromite mineralization of the same showing gave high PGE values. The results for grab sample SC-1 graded 15.93 g/t Pt+Pd. The same sample indicates high rhodium value of 0.457 ppm.

ICP23 ICP23 ICP23 ICP27 ICP27 ICP27 Rh-MS25
SAMPLE Au Pt Pd Au Pt Pd Rh
ppm ppm ppm ppm ppm ppm ppm
SC-1 0.031 than 10.0 4.78 0.06 11.15 4.83 0.427
SC-2 0.018 8.66 3.75 0.326

The pyroxenite rock, that hosts the main mineralized zone, is part of the Thetford Mines Ophiolitic Complex which is well known for is chromium potential. Following the results from the channel sampling further work will be done on that zone.

Mr. Bertrand Brassard, P.Geo., M.Sc. Technical Advisor, a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Amseco Exploration Ltd.
    Bertrand Dufour
    President and Chief Executive Officer
    450-240-0522 (FAX)