Message #11 From:
NewsBot Date: February 28, 2007 01:05:00 PM
AMXG News AmMex Gold Mining Reports Several Gold Intersects up to 2.34 g/t from their Tiliche Project, NW Sonora, Mexico
SONORA, Mexico--(BUSINESS WIRE)--AmMex Gold Mining Corp. (OTCBB:AMXG)(FWB:R5E)(WKN:A0KE72) is pleased to report the first set of drill results from their Tiliche Project located in NW Sonora, Mexico. The drill program is testing multiple targets and these results represent approximately 4,200 meters of the 5,427 meter reverse-circulation drill program in 46 holes completed to date.
Bill Reed, Manager of Exploration in Mexico stated, "We have received over half of the assay results from our drill program so far and have numerous intersects of anomalous gold, low grade gold and many instances of silver over short intersects. These results may signify that we are in the vicinity of a stronger mineralized system. Some of the better results are running between 1.0 and 2.34 g/t gold but over short intersects of 1 to 3 meters. Our goal is to locate these grades over longer intersects and I remain optimistic on the pending assay results from the Lab."
Drill Highlights
In the La Muralla area drill holes TRC-001 to TRC-004 and TRC-011, TRC-012 hit anomalous gold values with low grade silver over intersects of one to eight meters. The best intersect was 1 meter in TRC-002 from 60 to 61 meters that intersected 0.36 g/t gold with 39.2 g/t silver.
Drill holes in the Karina area had no significant intersects.
In the La Cima area 3 drill holes TRC-013 to TRC-015 intersected anomalous gold values and low grade silver over lengths of 1 to 5 meters.
In the Hawaii area, 6 drill holes TRC-016 to TRC-018, TRC-030, TRC-032, TRC-033 contained several intersects of anomalous gold values and low grade silver over lengths of 1 to 21 meters. The best intersect was 2 meters in TRC-016 from 54 to 56 meters that intersected 1.81 g/t gold with 34.2 g/t silver. Assay results for TRC-031 are still pending.
In the Karla area 3 drill holes TRC-019 to TRC-021 intersected anomalous gold values and low grade silver over lengths of 1 meter. The best intersect was 1 meter in TRC-020 from 12 to 13 meters that intersected 2.34 g/t gold with 0.2 g/t silver.
In the Tiliche area 4 drill holes TRC-022 to TRC-026 intersected anomalous gold values and low grade silver over lengths of 1 to 5 meters. The best intersect was 1 meter in TRC-024 from 80 to 81 meters that intersected 1.42 g/t gold with 0.1 g/t silver. Assay results are still pending for TRC-025
In the Las Compana assays are complete for 1 drill hole, TRC-028. This hole had several intersects of anomalous gold values and low grade silver over lengths of 1 to 9 meters. The best intersects were:
3 meters from 53 to 56 meters of 1.32 g/t gold with 0.9 g/t silver
1 meter from 115 to 116 meters of 1.56 g/t gold with 0.3 g/t silver
Assay results are still pending for drill holes TRC-027 and TRC-029 from Las Compana and drill holes TRC-034 to TRC-046 in other target areas.
Quality Control Person
Programs are carried out under the supervision of C.W. (Bill) Reed, B. Sc. Mineralogy; acting as the qualified person and has prepared the detail and review with respect to this news release. Normal quality control and quality assurance procedures are being carried out, using a system of duplicate, standard and blank samples.
