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Amerix Precious Metals Corporation, formerly the New Bullet Group Inc., is a resource-based company focused on the exploration of precious metals properties in the Americas.

 

Amerix Precious Metals Corporation             [APX:TSX-V]

Santo Domingo Property, Jalisco. The Santo Domingo Mexico property, located about 90 km north of Guadalajara, Mexico, has exceptional potential for an epithermal vein mineralized zone in both size and quality. This potential is based on the local structural and geochemical signature of the mineralized zone and its regional geologic setting in the Western Silver Belt of the Tertiary Sierra Madre Occidental Volcanic Terrain, which hosts large silver deposits. Several silver deposits are situated in the region, which is underlain by Tertiary volcanic rocks

The epithermal mineralized zone underlies a steep hillside and dips 65-80° towards the Rio Santiago, more than 500 meters below. Two mineralized vein systems, 125 meters apart, are 900 meters long and are exposed at the surface. Old workings and recent drilling show that the systems extend more than 200 meters down dip towards the river. Individual mineralized structures are up to 35 meters wide. Previous work was confined to the upper fringe area of the deposit where access was easiest. Mineralization is open to depth and along strike, with indications that the mineralized zones widen at depth.

Available data support a model for an epithermal vein deposit with a nominal 150 million ounces of silver. The exploration program is planned to extend the mineralized zones at least 300 meters below their present known depth. If the deposit extends at depth, as do many of the silver deposits in the region, there may be potential for a deposit of up to 300 million ounces of silver. Such a deposit would extend to the approximate river level and make for an ideal mining situation.

Early indications are that this would be an underground mining situation and that timely production development is achievable. Quick production could be achieved due to the need for limited pre-production development related to mining into the side of the hill. This eliminates expensive and time-constraining items such as production shafts, etc. as well as being able to initiate mining from the bottom up, which allows for minimal secondary and production development prior to the start of mining.

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