AM Gold Inc TSXV:AMG announced results from its Red Mountain Property in central Yukon. Assays include 0.39 g/t gold over 340.5 metres (including 0.66 g/t over 86.5 metres), 0.44 g/t over 258 metres, 0.24 g/t over 290.4 metres (including 0.56 g/t over 28 metres), 0.41 g/t over 97 metres (including 0.67 g/t over 21 metres) and 0.47 g/t over 80.9 metres (including 0.59 g/t over 37.7 metres).
The property consists of 3,600 hectares of contiguous quartz claims. AM Gold holds an 80% interest in 52 of the claims, which are subject to an NSR. The company has an option to increase its interest to 100%. The other 131 claims are held 100% by the company.
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by Greg Klein