American Cumo Files Independent Resource Estimate Report

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced today that further to its news release on July 8, 2015 it has received an independent mineral resource estimate report for the company’s CuMo porphyry molybdenum-copper-silver deposit located in Idaho.
As quoted in the press release:

Gary Giroux of Giroux Consultants and Jim Place of Geomorph Consulting, both independent and experienced mineral industry consultants, completed the report. As disclosed on July 8, 2015, the results represent significant additions to the 2011-12 resource estimate. Most notable are a new measured category and substantial increases to the silver, copper and tungsten measured and indicated estimates. The new estimate covers only approximately 60% of the mineralizing system’s footprint identified to date. The report, titled “Summary Report on the CuMo Property, Boise County, Idaho” and dated August 15, 2015, has been filed on SEDAR and is posted on the Company’s web site. The mineral resource estimate in respect of the CuMo deposit (at a Recovered Metal Value (RCV) US$2.50 cut-off) is as follows:

MeasuredIndicatedMeas.+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)
8.8    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

Note: there was a typographical error in the July 8, 2015 news release, as the estimate of measured molybdenum should have read 292.1 million lbs instead of 292.3 million lbs. 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 Medium Long-Term Prices: $10.00 Mo oxide, $3.00 Copper, $12.50 Silver, $15 Tungsten.

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