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AGP Agromep Sa

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Share Name Share Symbol Market Type
Agromep Sa TSXV:AGP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

August Announces Trenching Program at Las Lajas Gold Project, Mexico Completed; Follow-Up Diamond Drilling Program Underway

13/04/2011 1:00pm

Marketwired Canada


August Metal Corp. (TSX VENTURE:AGP) (the "Company" or "August") is pleased to
announce that an extensive mechanical trenching program has been completed on
the Las Lajas Gold Project in southern Sonora State, Mexico. 


The trenching program was designed to test soil and rock geochemical anomalies
from four separate gold and copper exploration targets, outlined in prior
exploration programs by Minera Glamis and Minera Phelps Dodge in the 1990's and
by Minera Goldzone in 2008-2010. Approximately 4,428 metres of trenching was
mechanically excavated in 47 trenches at the Peluchin West, Peluchin and El
Terco South gold zones and the El Triunfo copper zone. The Company is awaiting
final receipt of all trenching results.


Additionally, Minera Goldzone, S.A. De C.V., Goldzone Exploration Inc.'s Mexican
subsidiary, has entered into a 1,500 metre diamond drill contract with
GlobeExplore Drilling, S.A. De C.V. (August has an option to purchase 100% of
the outstanding shares of Goldzone Exploration Inc. - see the Company's news
release dated February 24, 2011). The drill program is designed to test targets
defined and untested by previous operators, and on targets generated by the
recently completed trenching program on the Las Lajas Gold Project. The drilling
program is anticipated to take 4-6 weeks to complete and is expected to consist
of a minimum of 1,500 metres of wireline HQ/NQ core.


Las Lajas Gold Project Overview

The Las Lajas Gold project covers approximately 163 square kilometers (16,311
hectares) in southern Sonora State, Mexico, and comprises seven mineral
concessions centered 15 kilometers north of the city of Navojoa. Sonora State
contains numerous precious and base metal deposits and producing mines, and has
a strong mining history and culture with favorable permitting and
infrastructure. 


The Las Lajas Gold Project contains several gold prospects localized within a
metamorphosed sequence of siliclastic volcanic rocks, related clastics and thin
limestone beds. The limestone beds, at least in part, are the footwall to the
gold mineralization and metamorphic grades are greenschist in strongly foliated
rock. An east-southeast-directed thrust fault is probably the major control of
mineralization in the Las Lajas district with veining localized along strong
structural features. Gold targets exist in structurally prepared zones,
especially in fractured areas within altered and veined metamorphic rocks,
adjacent to larger scale shears. For further information please see the NI
43-101 report on the Las Lajas Gold Project filed on SEDAR.


Additional information on the Company may be found on SEDAR at www.sedar.com and
on the Company's website at www.augustmetal.com. 


Reza Mohammed BSc., President 

August Metal Corp.

Certain disclosure in this release constitute forward-looking statements that
are subject to numerous risks, uncertainties and other factors relating to the
Company's operation as a mineral exploration company that may cause future
results to differ materially from those expressed or implied by those
forward-looking statements. Readers are cautioned not to place undue reliance on
these statements as they involve known and unknown risks, uncertainties and
other factors that may cause a change in assumptions and the actual outcomes and
estimates may be materially different from the estimated or anticipated future
results, achievements or positions expressed or implied by those forward-looking
statements. The Company disclaims any intentions or obligations to update or
revise any forward-looking statements whether as a result of new information,
future events or otherwise.


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