AmMex Report Drill Results at Concha Project, Zacatecas, Mexico
Friday November 7, 4:15 pm ET
OTTAWA, ONTARIO--(MARKET WIRE)--Nov 7, 2008 -- AmMex Gold Mining Corp. (OTC BB:AMXG.OB - News)(Frankfurt:R5E.F - News)(WKN: AOKE72) is pleased to report drill results from the Concha project, a joint venture with EXMIN Resources. The drill program was designed as a first pass to explore a buried magnetic anomaly on the 7,767 hectare Concha concession in the Melchor Ocampo district situated in the Concepcion del Oro region of Zacatecas State.
A total of 1,891 meters were drilled in 7 holes at the project. A reverse circulation drill rig was used, and the principal holes designed to test the magnetic anomaly did not reach the target due to thicker than anticipated fill material. Holes on the periphery of the alteration system generally intersected wide zones of anomalous indicator elements arsenic and zinc within altered limestone and shale. Only low values of precious and base metals were intersected over small intervals.
Dr. Craig Gibson, Co-Founding Executive Vice President of Exploration for EXMIN, stated, "We were not able to adequately test the magnetic anomaly at Cerro Gordo in this preliminary program. The wallrock alteration and minor element suite are similar to that surrounding known deposits in the region and indicate that there is likely an intrusive present in the area, but the drilling was not able to reach bedrock in the heart of the magnetic anomaly. The source of the anomaly remains unknown. Also, several other targets at the project have not yet been explored."
Ammex has earned a 70% project interest by spending $150,000 on the project
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