Other Projects

AM Gold has three other projects:

Minas Lucho (Peru)
La Mamita (Peru), and;
Red Mountain (Yukon, Canada)

Minas Lucho:

The Minas Lucho concessions cover an area of about 2,400 hectares and are located southeast of the Pinaya Project on the Andahuaylas-Yauri metallogenic belt. The claims cover an extensive zone of alteration, which lies along a trend of structurally controlled zones of gold mineralization. Minas Lucho is a grassroots project being evaluated for further exploration.

La Mamita:

La Mamita is located in northern Peru in the Ancash mining camp near the multi-million ounce Alto Chicama gold deposit (Barrick Gold). The Project consists of a single concession and covers an area of approximately 1,000 hectares. Results from a recent surface sampling program showed highly anomalous gold values ranging from 0.23 to 6.37 g/t gold, and averaging 1.43 g/t gold. La Mamita is a grassroots to early exploration stage project with evaluation continuing.

Red Mountain:

AM Gold owns a 80% interest in the Red Mountain Project which consists of 52 contiguous claims located about 55km northwest of Mayo, Yukon. The central part of the property contains a large aeromagnetic anomaly, which likely represents a buried intrusive structure. Red Mountain is located within the Tintina Gold Belt adjacent to the Hobo Creek Project recently explored by Regent Ventures Ltd.

Significant gold mineralization was identified at the property during drill programs conducted from 2002 to 2005. The most significant zone is associated with the Jethro Structure, which remains open to the northwest. Red Mountain is being reviewed for further exploration.

Report

Red Mountain Technical Report Jul 2006

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