| May 25, 2009 Amato Exploration Provides Update On Its Website And Mexican Exploration Program | |
| VANCOUVER, BC, May 25, 2009 /CNW/ - Amato Exploration Ltd. (the "Company" or "Amato") (TSX-V: AMT), www.amatoexploration.com, today confirmed that its new website is now fully functional and provided an update on its ongoing mineral exploration activities in Mexico. Website The Company is pleased to announce its new website is now fully functional containing the most up to date information on the Company and will be continually updated as additional information is available. Phase One Exploration Commences at the Colosio Property A technical report prepared in accordance with National Instrument 43-101 on Amato's Colosio property by Stephen De Wit, P.Geol. was received by the Company on December 8, 2008. In this report, De Wit recommended a two-phase, success-contingent exploration program at Colosio. Phase One of this work program has now been initiated and an exploration crew, that includes Company geologists and directors Mr. Sean McKinley and Mr. Paul McGuigan, has been dispatched to the property. The Colosio Property is located within the Sierra Madre Occidental ("SMO") in western Chihuahua State, in northern Mexico. The SMO is a prolific geological belt that hosts numerous precious and base metal deposits. The Colosio Property is prospective for silver-rich epithermal mineralization. Small-scale mining of high-grade silver veins has occurred at Colosio since colonial times, but the property has seen no modern exploration including diamond drilling. The ongoing Phase One exploration will include geological, geochemical and geophysical studies. This work will follow-up on the positive results of the 2008 exploration program and will aim to identify the most prospective targets for future diamond drill testing. New Property Examinations Initiated In addition, the Company has initiated a program of property examinations in Mexico in order to expand its mineral exploration portfolio in that region. A second exploration crew is currently in Mexico to evaluate potential new acquisitions for the Company. Amato is focusing its efforts on mineral projects in North America, and particularly in Mexico. The technical content of this news release has been prepared under the supervision of Messrs. McKinley and McGuigan, who are each a Qualified Person under National Instrument 43-101. About Amato Exploration Ltd. Amato Exploration Ltd. is a North American mineral exploration company based in Vancouver, B.C., Canada. We are currently focused on exploring for silver and gold deposits in northern Mexico and securing other leading mineral properties in North America. The Company's primary asset is its Colosio-Los Letreros Property located in southwestern Chihuahua State, in northern Mexico. DISCLAIMER This news release contains forward-looking statements which reflect management's current expectations regarding the Company's objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. These factors and other risks and uncertainties are discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time, as identified in the Company's disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise, except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. For more information, please contact: Mr. Melvin R. Reeves, Chief Executive Officer, Amato Exploration Ltd. Tel: 604-315-2559 Investor relations contact: Mr. John Bevilacqua, Acqua Capital Group Tel: 604-721-3000. For further information, please send enquires to info@acquacapitalgroup.com | |
You can view the Next News Releases item: Thu Jun 11, 2009, Amato Exploration Ltd. receives recommendation for drilling at its Colosio Property You can view the Previous News Releases item: Mon May 11, 2009, Amato Exploration Ltd. Appoints Advisory Board and grants Options You can return to the main News Releases page, or press the Back button on your browser. |
