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Ausmex Mining board members acquire company stock

Three board members including the managing director have purchased shares in the company via the recent placement.

Ausmex Mining Group Ltd - Ausmex Mining board members acquire company stock
Shareholder approval was recently received allowing the board to participate in the placement

Ausmex Mining Group Ltd (ASX:AMG) shareholders recently voted to approve the participation of board members in its recent share placement priced at 8.5 cents.

Managing director Matt Morgan purchased $30,000 worth of shares and directors Geoff Kidd and Dr Andrew Firek both purchased $15,000 worth of shares each.

Ausmex recommences drilling at Princess Royal

Most recently, Ausmex recommenced drilling at the Princess Royal Prospect within the Burra Project in South Australia after pausing for the holiday break.

The 3,000-metre reverse circulation (RC) drill program is targeting the Princess Royal and Mullaby prospects testing recently identified priority conductor targets.

A deep hole targeting a conductive response beneath the oxide copper mineralization is the initial focus.

Quick facts: Ausmex Mining Group Ltd

Price: 0.034 AUD

ASX:AMG
Market: ASX
Market Cap: $18.62 m
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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