AMG Advanced Metallurgical Group Increases Measured and Indicated Resources by 8.9 million Tons at Volte Grande

AMG  Advanced  Metallurgical  Group N.V. (OTC: AMVMF) announced updates for its mineral resources at the Volte Grande mine in Brazil.

As quoted in the press release:

Compared  to the  previous Mineral  Resource Statement,  which was  completed in 2010:  the  measured and  indicated mineral  resource for  the Volte Grande project increased  by  8.9 million  tons,  to  14.7 million  tons,  an  increase  of approximately 150%;  the  inferred mineral resource increased by 4.0 million to 4.7 million tons, an increase of approximately 550%, and the  combined measured, indicated and inferred mineral resource increased by 12.9 million tons to 19.3 million tons, an increase of approximately 200%.

To view the whole press release, click here.