Mr. Larry Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF), is pleased to report the Company has entered into a purchase agreement with Elemental Solutions, LLC as to 50% and Lodestar Management Group, LLC as to 50% to purchase a 100% interest (subject to a 2% NSR) in the SoCal Manganese unpatented load mining claims. The purchase price is $20,000 and 200,000 shares of American Manganese. The claim groups are TA# 1-11, Langton #1-8, 10, 40 and 41, and Black Jack #1-12.
The TA #1-11 are located in Imperial County, California 42 miles south of Blyth and the Langton 1-10, 40, 41 and Blackjack 1-12 are located in Riverside County, California 20 miles north of Blyth.
Past production in 1917-18 was 3500 tons grading 42% manganese from the area now covered by the TA# 1-11 and 22,000 tons grading 43% manganese from 1952-59. The area was also mined from 1941-44 but there is no record of production (Mesozoic-Cenozoic Tectonic Evolution of the Colorado River Region/April 1982).
In the Midway Mountains, Imperial County, deposits of manganese oxides are localized along the detachment fault as well as along normal faults within the upper plate. Psilomelane, pyrolusite, and manganite are the most common manganese minerals present.
Larry Reaugh, President and Chief Executive Officer says; “this acquisition of the SoCal Manganese prospect increases the Company’s exposure to manganese projects in the United States. The Company’s focus remains on the Artillery Peak Manganese project in Arizona.
The above transaction is subject to the approval of the regulatory authorities.
About American Manganese Inc:
American Manganese Inc. is a diversified specialty and critical metal Company focusing on potentially becoming the lowest cost producer of electrolytic manganese from its Arizona Manganese Project.
This release has been reviewed by Norman L. Tribe, P.Eng, a qualified person pursuant to National Instrument 43-101.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer