AM Gold Inc.: Announces Progress on Red Mountain Exploration Program

AM Gold Inc. (TSXV:AMG) announced an update of the progress on the Company’s exploration drill program at Red Mountain, Yukon Territory Canada.

The press release is quoted as saying:

AM Gold has contracted with Kluane Drilling of Whitehorse, Yukon Territory to provide two diamond drill core rigs for the Company’s 2010 drill program at Red Mountain, which is focused primarily on the expansion of the 542,000 troy ounce Inferred Resource (23.6 million tonnes grading 0.7 g/tonne gold) previously announced on July 16, 2010.

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