American CuMo Files Amended Technical Report

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced that it has filed an amended 43-101 technical report. The amended report has been filed to support an increase in resource estimates for the CuMo Project, as detailed in the Company’s news release dated August 18, 2015.
As quoted in the press release:

The amended report addresses this issue and other issues by adding Shaun Dykes P.Geo, Msc. (Eng) as a qualified person taking responsibility for those sections that were questioned by the BCSC.
The amended report makes no change to the previously announced resource, which remains at:

Measured	Indicated	Meas.+Ind.	Inferred	Metal
438.2	1,952.9	2,391.1	2,426.9	million pounds of molybdenum oxide(MoO3)
292.1	1,301.9	1,594.1	1,617.9	million pounds of molybdenum (Mo)
456.5	3,501.4	3,957.9	3,845.9	million pounds of copper (Cu)
18.8	160.3	179.1	189.9	million ounces of silver (Ag) and
30.0	166.6	196.6	216.6	million pounds of tungsten (W)
308.4	2,216.1	2,524.5	3,373.6	million tons

Medium long-term metal prices of US$10 moly oxide (US$15 moly metal Mo), US$3 copper, US$12.50 per ounce silver and US$15 per pound tungsten were used. (The US$2.50 cut-off is used for comparison purposes as it is consistent with all previous resource calculations.)
These new estimates represent the following increases over the previous indicated resource estimate (Snowdon 2011, updated 2012):
21.4% increase in ounces of Silver,
17.4% increase in pounds of Copper,
10.5% increase in pounds of Molybdenum Oxide,
19.5% increase in pounds of Tungsten, and
19.6% overall increase in tons
Mr. Dykes examined the PEA section of the report and confirmed that the operating and capital costs used are still valid and well within the realm of accuracy of a PEA level analysis.

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