Amseco Exploration Ltd.
TSX VENTURE : AEL

Amseco Exploration Ltd.

September 16, 2011 09:30 ET

Amseco Obtains High Values in Gold, Silver, Copper and Zinc in James Bay

MONTREAL, QUEBEC--(Marketwire - Sept. 16, 2011) - Amseco Exploration Ltd. (TSX VENTURE:AEL). The management of Amseco is pleased to announce assay results of its rock sampling that have been conducted on the properties of James Bay. On Yasinski, high gold values obtained ranged up (<30.72 g / t Au), silver (<260 g / t Ag), copper (<6.14% Cu), zinc (<3.12% Zn) and lead (<8.86% Pb). On Chika, high gold values up (<11.7 g / t Au), were obtained.

The following tables show the best metal values.

Chika - Best Assay Results
Type NoEch. Au Au Ag Cu Cu Zn Zn Pb Pb
Methode FA-GEO FA-GRAV AAT-7 AAT-7 AAT-8 AAT-7 AAT-8 AAT-7 AAT-8
Unité ppb g/t ppm ppm % ppm % ppm %
MinDL 5 0,03 0,2 2 0,01 2 0,01 2 0,01
R 66003 5420 5,55 9,8 55 1193 71
R 66004 9468 9,70 12,8 85 1449 92
R 66008 4907 4,87 2 135 119 28
R 66009 6098 6,31 3,1 146 345 34
R 66014 4845 4,11 0,7 40 117 11
R 66015 4400 4,39 2,5 55 1230 212
R 66020 3229 3,39 0,4 64 128 17
R 66026 2306 2,47 1,8 88 313 70
R 66027 4601 4,77 0,5 72 235 32
R 66032 2635 2,74 <0.2 61 37 13
R 66033 3538 3,77 0,2 143 11 11
G 66039 >DL 11,07 0,3 25 65 17
Yasinski - Best Assay Results
NoEch. Au Au Ag Cu Cu Zn Zn Pb Pb
Methode FA-GEO FA-GRAV AAT-7 AAT-7 AAT-8 AAT-7 AAT-8 AAT-7 AAT-8
Unité ppb g/t ppm ppm % ppm % ppm %
MinDL 5 0,03 0,2 2 0,01 2 0,01 2 0,01
G 66043 6658 6,82 1,6 >DL 2,35 815 815
G 66047 5070 5,25 105,3 5421 83 90
G 66049 1195 1,27 120,3 >DL 1,71 426 249
G 66065 9675 9,81 105,3 344 7586 2049
G 66066 3797 3,77 15,7 266 2275 135
G 66092 3705 3,87 54,3 5460 327 114
G 66093 >DL 30,72 185 >DL 4,72 2584 327
G 66094 4056 4,11 82,9 >DL 1,93 823 130
G 66095 7038 7,13 257,1 >DL 6,14 3346 780
G 66097 9605 9,81 136,4 >DL 2,3 1549 251
G 66099 >DL 18,93 118,6 >DL 1,26 734 364
G 66101 >DL 10,45 25,9 3392 522 85
G 66112 1226 1,23 126,1 1104 >DL 1,22 8901
G 66121 1294 1,23 260,3 723 >DL 2 >DL 8,86
G 66122 397 76,2 485 >DL 3,12 2,73

(R = channel sample, G = Grab sample)

Yasinski property is located 70 km south of the town of Radisson. The exposed rocks are of Archean age and consist of basalt, quartzite and polygenic conglomerates. A total of 81 rock samples were collected within an area measuring 2000 m by 300 m of mineralized zones that had previously been identified between the years 1959 and 2008. The mineralization occurs in sulphidevein lets and disseminations in altered zones and quartz veins injecting mainly quartzites. Mineralization consists of pyrite, pyrrhotite, chalcopyrite, sphalerite and argentiferous galena.

CHIKA property is located near the hydroelectric plant LG-3. Rocks observed are also Archean. The mineralized zone consists of a shear zone hosting milky quartz veins with tourmaline, which cuts a gabbro unit. Mineralization, previously reported with the quartz veins, consists of pyrite and pyrrhotite primarily. The sampling area is 60 m by 5 m. A total of 42 rock samples were collected from the mineralized zone that was identified previously between 1996 and 1998. Amseco has also acquired additional claims covering unexplained geophysical anomalies that were identified in previous work.

The sampling program was carried out by a team led by Roger Moar, geologist and qualified person as defined by NI 43-101, and on the "CIM Exploration Best Practices Guidelines". The Laboratoire Expert of Rouyn-Noranda performed sample analysis. The analysis for gold by fire assay was performed and the concentration of gold was determined by atomic absorption. The minimum detection limit is 5 ppb. Samples with values greater than 1000 ppb are reanalyzed by gravimetric analysis and the results were reported in "g / t Au." All samples with values greater than 3.00 g / t have been reanalyzed at least once. The analysis of other metals was carried out by digestion with nitric acid and hydrochloric acid and concentration of elements was determined by atomic absorption.

Jean-Pierre Cloutier, P. Geo, a director of Amseco Exploration Ltd., reviewed this press release and is a Qualified Person as defined by NI 43-101.

The management of Amseco is enthusiasm for these results. Already, a second phase of work is anticipated with optimism. The geological context of each of these properties, the high gold values obtained, the current price of gold and other metals increases the potential to explore each of these properties.

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