| June 11, 2009 Amato Exploration Ltd. receives recommendation for drilling at its Colosio Property | |
| Vancouver, British Columbia -- June 11, 2009 -- Amato Exploration Limited (the "Company") is pleased to provide an update on its ongoing mineral exploration activities in Mexico. As reported in its news release of May 25, 2009, Phase One work has commenced at the Company's Colosio Property, located in the State of Chihuahua, Mexico. In the technical report of December 2008 which was prepared in compliance with National Instrument 43-101, a two-phase, success-contingent exploration program at Colosio was recommended. The Company's senior geologists have now completed their initial Phase One field work, including geological mapping along the Los Letreros Mine vein system. Soil geochemical anomalies detected during the 2008 exploration program were examined and all the available data for the property was re-assessed. Based on the collective results to date, the team recommends initiation of the Phase 2 diamond drilling without the need for additional field surveys. An initial program of up to 3000 metres of drilling is recommended. This drilling would be focused along the pastproducing Los Letreros Mine vein system and will target the down-dip extensions of the high-grade silver and base metal veins present there. It should be noted that while these veins have been exploited periodically by small-scale mining since Spanish colonial times, mining has never progressed to depth. Additionally, the mineralization has never been tested by modern diamond drilling. The Colosio Property is located within the Sierra Madre Occidental ("SMO") in western Chihuahua State, 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. 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. For additional information, please contact: Melvin Reeves, Chief Executive Officer and Director (604) 315-2559 This news release contains certain information that may be deemed "forward-looking information". Forward looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results may differ materially from those in the forward looking information. Forward looking information is based on the beliefs, estimates and opinions of the Company's management on the date the statement is made. The Company undertakes no obligation to update the forward looking information in the event that management's beliefs, estimates or opinions, or other factors, should change, 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. | |
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