Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Saturday 11th of February 2012
Wednesday, April 30, 2008

AmMex 2,000 meter drilling program underway

AmMex 2,000 meter drilling program underway

AmMex Gold Mining Corp. announces that its 70% owned joint venture with EXMIN Resources has commenced a 2,000 meter first pass drilling exploration program on the 7,767 hectare Concha concession in the Melchor Ocampo district in Zacatecas, Mexico.

Layne Drilling de Mexico is contracted to conduct the 2,000 meter drill program which is planned to test a maximum hole depth of approximately 300 meters.

The program is being funded by AmMex and will be managed by EXMIN Resources Inc., the project operator, in concert with AmMex Gold Mining Corp.’s technical team.

The Concha concession covers a 7 km by 2 km airborne magnetic anomaly in a valley near outcropping mineralization with several small mines and prospects that were exploited in the past.

The majority of the mines in the region appear to be located in areas near similar magnetic anomalies. The geologic environment is known to be similar to that of the Melchor Ocampo and Concepcion del Oro districts, as well as the nearby Penasquito deposit, and provides an excellent and easily accessible exploration target.

The region was previously explored by an international mining company, stream sediment and soil samples taken by them show anomalous precious and base metal values.

 


Related posts to: AmMex 2,000 meter drilling program underway

AmMex acquires rights of Cold Creek ...

General Metals starts expanded 2008 drilling program ...

NovaGold financial results and projects update ...

Kootenay drilling confirms widespread mineralization ...

Drilling on Globex’s Nordeau gold property ...

Latest Metals News:

Latest News  Gold ends session lower in New York, but gains on week

Latest News  Gold prices retreat after setting new intraday high

Latest News  Gold closes at $1,666 per ounce in New York trade

Latest News  Gold prices at new records on disappointing US data

Latest News  Gold prices lower but comes off session lows on manufacturing data

Latest News  Gold sets new intraday, closing highs to end trading week in New York

Latest News  Copper rises; precious metals prices see declines

Latest News  Gold prices drop on profit-taking, stronger US dollar

Latest News  $1,616.80 per troy ounce: Another record high for gold

Latest News  Gold trades as high as $1,624.30 per ounce in New York


Previous: «
Next: »

Visited 3240 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):