AmMex acquires rights of Cold Creek

AmMex Gold Mining Corp. has signed a Memorandum of Understanding to acquire 100% of the mining rights to the Cold Creek Gold Project, located in Cassia County, Idaho, near the Utah-Nevada border.

Historical drilling of the gold mineralization at Cold Creek delineated a non NI 43-101 compliant 85,000 ounce gold equivalent resource. It also indicated the presence of an open-ended deposit that requires additional drilling to fully define its ultimate size and extent, overall average grade, and potential mineability.

AmMex paid an initial, non-refundable deposit of $10,000 to the vendor and, upon signing of the MOU, an additional $10,000 was paid for staking and filing costs. A formal agreement will be prepared as quickly as practicable.

As per the terms of the agreement, AmMex can earn a 100% interest in the Property, upon fulfilling its financial and exploration obligations. AmMex must issue 250,000 shares of common stock to the vendors, and complete an aggregate of US$175,000 in exploration work on the property, over a period of 3 years.