Printer Friendly
The Free Library
14,678,647 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

AmMex Gold to Drill Test Multiple Targets at their Tiliche Project in Sonoro, Mexico.


SONORO, Mexico -- September 20, 2006 - AmMex Gold Mining Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AMXG)(FWB (Fixed Wireless Broadband) See fixed wireless. :R5E)(WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany)
WKN Warrior Knowledge Network (US Army) 
:A0KE72) is pleased to announce that a 6000 meter reverse-circulation drill program will commence within the next 10 days at its Tiliche Project located in NW Sonora, Mexico, within the gold belt that stretches from southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region,  to central Sonora. The Tiliche project is approximately 50 kilometers NE of the Penoles-Newmont Herradura Gold Mine (4 million ounces).

Bill Reed, Manager of Exploration in Mexico stated, "It took nearly two years to assemble and advance this 16,000+ hectare property, and I am very excited to commence drilling. Given the numerous targets we have identified with our exploration work and the large size of this property in a very prospective gold belt, I am optimistic that we will be able to identify a large mineable resource with economic grades."

Detailed geologic mapping and rock chip sampling have delineated at least 8 exploration targets at Tiliche, which are strongly analogous to the nearby large open-pit gold mines at La Herradura and La Choya. There is also a porphyry Porphyry, Greek scholar
Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus.
 copper/gold target that was identified during the reconnaissance of this large concession block that ran up to 2% copper with molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6.  and gold in a number of samples.

Drill sites are being prepared at six separate high quality target areas, each with attractive gold and associated pathfinder element values in outcrop. Of 584 rock samples collected during the initial assessment of the Tiliche targets, 109 samples contained gold values greater than 1 gram per ton, with 32 of these greater than 5 grams per ton. As a first phase test of these six targets, a program of 6000 meters of reverse circulation drilling will begin during the last week of September. After an evaluation of the results of this drilling, a second phase of drilling is anticipated early in 2007.

About AmMex Gold

AmMex Gold Mining Corp. is a precious metals Precious Metals

Valuable metals such as gold, iridium, palladium, platinum, and silver.

Notes:
Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal.
 exploration and development company. It is management's objective for AmMex Gold to become a gold and precious metals producer by developing the El Tiliche project in Mexico, the Bailey Hills and Ox Creek properties in Nevada, and by acquiring other advanced-stage projects and/or producing mines in proven precious metal districts throughout the world. The Company trades on the OTC market under the symbol "AMXG" and on the Frankfurt Exchange under the symbol "R5E". For more information, please visit the Company's web site at: www.ammexgoldmining.com (now available in the following languages: English, German, Mandarin, Spanish and French).

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1MEX
Date:Sep 20, 2006
Words:512
Previous Article:ING DIRECT Proudly Announces Winners of Planet Orange Financial Literacy Awards; Two Pennsylvania Teachers Are Awarded for Their Dedication to...
Next Article:Music for All Foundation and Bands of America Unite and Form Music for All, Inc.
Topics:



Related Articles
Northern Crown - Exploration Progress Report from Mexico.
Canarc Subsidiary "Aztec Silver Corp." To Commence Drilling On Zacatecas Silver Projects.
International Northair Mines Ltd. Announces Drilling Begins At Ventura.
Glamis Announces Results of El Sauzal Feasibility Study and Commencement of Marlin Drill Program.
Gold exploration heightens: Rubicon Minerals advances exploration in gold camp. (Communities of the North: Red Lake).
Fronteer Options Two Advanced Mexican Gold Projects from Teck Cominco.
Romarco Commences Drilling at Pine Grove Gold Project.
Paramount Gold Completes the Purchase of the San Miguel Concession Group and Discovers the Montecristo II Zone.
AmMex Gold Mining Corp. Begins Trading Under New Symbol.
AmMex Gold Mining Intersects Devils Gate target at Bailey Hills, Nevada.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles