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AmMex Gold Mining Retains Biotronix Research Instruments for New Exploration Technology
AmMex Gold Mining Corp. (OTCBB: AMXG) (FWB:R5E)(WKN:AOKE72) is pleased to announce that it has entered into an arrangement with Biotronix Research Instruments ("BRI") to complete development on a ground breaking new mining technology, dubbed by BRI as the "Locator", which could revolutionize the entire mining industry.
AmMex Gold Mining Corp. (“AmMex”) is a precious metals exploration and development company with an open mind to new methods of employing sophisticated electronic exploration technologies. The Locator technology has been in research and development for several years, is now approaching its final stage of development and upon final development, will be exclusive to AmMex. The experimental instrument system will be owned 50% by Thomas Phillips and 50% by AmMex. AmMex will have the exclusive right to the use of the electronic instrument and will have the right to sublicense the technology to third parties. The net revenues derived from the sublicensing will be split 50% by each of AmMex and Thomas Phillips.
Currently, many mining exploration companies use a relatively expensive
thermal airborne system to map out potentially interesting property zones.
The Locator could very well open up a new world of efficient and inexpensive
exploration methodologies. Based on the principals of Amplified Harmonic
Elemental Indicators, this technology could inexpensively locate numerous
types of new mineral discoveries and more specifically, save valuable time
and resources in pinpointing the location of new zones of mineralization on
AmMex's existing properties.
Upon completion of successful testing of this device, AmMex could leverage a
significant technological advantage in mineral exploration providing AmMex with world wide licensing opportunities and virtually making several conventional mineral location methodologies obsolete.
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 website at www.ammexgoldmining.com (Available in English and German).
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 commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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AmMex Gold Mining Corp.
Bill Reed, VP of Exploration
Tel: 520-907-9986
Toll-free: 1-866-481-2233
Investor Relations
613.226.7883
www.ammexgoldmining.com
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