AM Resources has significantly expanded its portfolio through the acquisition of a vast 1,500km² land package situated in Austria, with a strategic focus on the renowned Austrian Pegmatite Belt nestled within the Austroalpine Nappes. Recognized for its geological richness and abundant mineral reservoirs, the newly acquired region presents a promising prospect for exploration and resource development. CEO David Grondin expressed enthusiasm for the strategic move, emphasizing the company’s commitment to seizing opportunities in a proven mining-friendly jurisdiction. Grondin highlighted AM Resources’ meticulous approach, citing successful exploratory endeavors that confirmed the presence of spodumene on acquired properties. Building upon these findings, the company has staked additional claims within the Austrian Pegmatite Belt, with particular attention given to the Frederick property, which boasts 112 identified pegmatites across a sprawling 52.25km² area. Grondin underscored the significance of this acquisition, positioning it as a pivotal moment in the company’s growth plan and solidifying its presence in one of Europe’s most prospective mineral regions. Leveraging the geological diversity and extensive pegmatite systems within the acquired land, AM Resources aims to capitalize on the potential for significant mineral discoveries in Austria’s Pegmatite Belt.
Source and Credit: miningeurope.news
