Amazon Mining Holding Plc (TSX-V symbol: “AMZ”) (“Amazon”
or the “Company”), is pleased to report the results of soil acidity
tests showing that ThermoPotash has 49% of the pH corrective power of
limestone. These results show that a farmer using ThermoPotash as a
potassium source can reduce the amount of limestone required to correct
the acidity of his soil by 490kg for each tonne of ThermoPotash used.
Farmers in Brazil consumed 21 million tonnes of limestone in 2009 to
correct soil acidity, this compares to 22 million tonnes of total
fertilizer and 7 million tonnes of potassium chloride (KCl). On average,
US$20-25 per tonne plus significant delivery charges are paid by
farmers to correct the natural acidity of Brazil’s cerrado soils and the
compounding acid problem created by the use of KCl and other chemical
fertilizers. This result quantifies an economic advantage ThermoPotash
has over KCl and other potassium fertilizers.
The tests were performed by Dr. Gaspar Korndorfer at the University
of Uberlandia, Minas Gerais, Brazil in accordance with a recognized
industry measure of acidity in soils. Tests were completed using
measured quantities of ThermoPotash incubated in acidic soils for 60
days, a clayey soil with an initial pH of 3.8 and a sandy soil with an
initial pH of 3.7. After the incubation period was completed, the pH of
the soil was measured and compared to establish tables for limestone
correction. The results showed that soil pH increased from 3.7 to 5.9
where 200 kg/ha of K2O from ThermoPotash was used in the sandy soil (15% clay content) and from 3.8 to 4.8 in the clay soil (40% clay content).
Confirmation of ThermoPotash Slow Release Properties
As a follow-up to the nutrient availability tests reported August 11,
2010, Dr. Korndorfer completed similar tests using resin as a soil
nutrient extractor, to compare with the initial Mehlich 1 tests. Resin
is a much weaker soil nutrient extractor providing a good snap shot of
the nutrient that is available in the soil at a given instant. By
comparison the Mehlich 1 test is a better measure of total nutrient
availability over a whole growth cycle. As expected the slow release
properties of ThermoPotash were confirmed, releasing approximately 25%
of the available potash in the sandy soil and approximately 40% of the
available potash in clayey soil.
This result represents the quantifying of another economic benefit
that ThermoPotash has over KCl and the other potash fertilizers. While
ThermoPotash is produced as a slow release fertilizer, most slow release
fertilizers are manufactured by coating conventional soluble
fertilizers with polymers to give them slow release properties. The
market for slow release fertilizers is established and growing
worldwide. Producers of these products enjoy a 30-70% premium on their
products over the price of the nutrients contained in their products.
Additional Tests
Tests were also completed showing the nutrient availability of other
macronutrients calcium, magnesium and silicon. All were made readily
available in the ThermoPotash. Each of these products have recognized
markets in Brazil and should be immediately recognized as benefits to
Brazilian farmers and blenders.
Test work has begun on plants comparing ThermoPotash, KCl, Verdete
and no fertilizer. Full results will not be available until November,
but the researchers are already encouraged by what they can see. Test
work on leaching of ThermoPotash compared to KCl is still yet to be
done, results are expected in December 2010. At that time Dr. Gaspar
Korndorfer will prepare a report detailing all of the findings of his
study.
About Amazon
Amazon Mining is a mineral exploration and development company
founded by Brazilians in 2005. The company is focused on the development
of Cerrado Verde project. Cerrado Verde is source of a potash rich rock
from which Amazon plans to produce a slow-release, non-chloride,
multi-nutrient, fertilizer product. Amazon Mining is a UK public company
with shares listed on the TSX Venture Exchange since November 2007.
On behalf of the Board of Directors of Amazon Mining Holding Plc, Jed Richardson, Vice President of Corporate Development.
For additional information please contact:
Cristiano Veloso, President & Chief Executive Officer
Tel: +44 (0) 20 8133 7607; Fax: +44(0)20 7405 7773; Email:
cv@amazonplc.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
OR
Jed Richardson, VP Corporate Development
Tel: +1(416)866-2966; Fax: +1(416)866-8829; Email:
jed@amazonplc.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.amazonplc.com
Cautionary Language and Forward Looking Statements
NEITHER 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
RELEASE. THIS PRESS RELEASE CONTAINS CERTAIN “FORWARD LOOKING
STATEMENTS”, WHICH INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH
RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCE OF THE COMPANY,
ITS SUBSIDIARIES AND ITS PROJECTS, STATEMENTS REGARDING USE OF
PROCEEDS, EXPLORATION PROSPECTS, IDENTIFICATION OF MINERAL RESERVES,
COSTS OF AND CAPITAL FOR EXPLORATION PROJECTS, EXPLORATION EXPENDITURES,
TIMING OF FUTURE EXPLORATION AND PERMITTING, REQUIREMENTS FOR
ADDITIONAL CAPITAL, GOVERNMENT REGULATIONS OF MINING OPERATIONS,
ENVIRONMENTAL RISKS, RECLAMATION EXPENSES, TITLE DISPUTES OR CLAIMS, AND
LIMITATIONS OF INSURANCE COVERAGE. FORWARD LOOKING STATEMENTS CAN
GENERALLY BE IDENTIFIED BY THE USE OF WORDS SUCH AS “PLANS”, “EXPECTS”,
OR “DOES NOT EXPECT” OR “IS EXPECTED”, “ANTICIPATES” OR “DOES NOT
ANTICIPATE”, OR “BELIEVES”, “INTENDS”, “FORECASTS”, “BUDGET”,
“SCHEDULED”, “ESTIMATES” OR VARIATIONS OF SUCH WORDS OR PHRASES OR STATE
THAT CERTAIN ACTIONS, EVENT, OR RESULTS “MAY”, “COULD”, “WOULD”,
“MIGHT”, OR “WILL BE TAKEN”, “OCCUR” OR “BE ACHIEVED”. FORWARD LOOKING
STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER
FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS
OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SAID STATEMENTS.
THERE CAN BE NO ASSURANCES THAT FORWARD-LOOKING STATEMENTS WILL PROVE TO
BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER
MATERIALLY FROM THOSE ANTICIPATED IN SAID STATEMENTS. ACCORDINGLY,
READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.
The potential grades detailed in this release are conceptual in
nature. There has been insufficient exploration to define a mineral
resource and it is uncertain if further exploration will result in the
targets being delineated as a mineral resource.
Readers are cautioned not to rely solely on the summary of such
information contained in this release and are directed to the complete
set of drill results posted on Amazon’s website (www.amazonplc.com) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein.