logo-loader
viewAusmex Mining Group Ltd

Ausmex Mining completes two holes at Princess Royal, earns 60% of JV

AMG has notified its joint venture partner that it has met the requirements to increase its interest to 60% in the Burra tenements.

Ausmex Mining Group Ltd - Ausmex Mining completes two holes at Princess Royal, earns 60% of JV
Drilling has paused for the holiday break and will recommence mid-January

Ausmex Mining Group Ltd (ASX:AMG) has drilled two RC holes at priority conductor target #1 at the Princess Royal Prospect within its Burra Project in South Australia.

Drilling is part of a 3,000-metre reverse circulation (RC) drill program at the Princess Royal and Mullaby prospects testing recently identified priority targets.

The two RC holes were drilled to around 240 metres and samples from those holes have been sent for laboratory analysis.

Notably, the drilling means AMG has surpassed the expenditure required to earn a 60% controlling interest in all of the Burra tenements of PNX Metals Ltd (ASX:PNX).

 

Quick facts: Ausmex Mining Group Ltd

Price: 0.04 AUD

ASX:AMG
Market: ASX
Market Cap: $21.11 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ausmex Mining Group Ltd named herein, including the promotion by the Company of Ausmex Mining Group Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Ausmex Mining Group begins drilling for massive sulphides at Mt Freda in QLD

Ausmex Mining Group Ltd (ASX:AMG) managing director Matt Morgan updates Proactive Investors on the company's 15,000-metre drilling program now underway at its Mt Freda Complex in Cloncurry, QLD.   Morgan says that the program will include both reverse circulation and diamond...

on 13/5/19

2 min read