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AmMex Gold to Drill Test Multiple Targets at their Tiliche Project in Sonoro, Mexico
Sonoro, Mexico – (BUSINESS WIRE) – September 20, 2006 – AmMex Gold Mining Corp. (OTC:AMXG)(Frankfurt:R5E, WKN: 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 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 copper/gold target that was identified during the reconnaissance of this large concession block that ran up to 2% copper with molybdenum 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 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 Statement under the Private Securities Litigation Reform Act 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.
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