- Ausmex Mining Group (AMG) has commenced drilling at the Princess Royal Prospect
- Drilling of target one has commenced at the prospect on December 15, 2019
- Ausmex is down 2.63 per cent on the market today and is trading at 7.4¢ apiece
Ausmex Mining Group (AMG) has commenced drilling at the Princess Royal Prospect.
Drilling of target one has commenced at the prospect on December 15, 2019. This is the start of a circa 3,000 metres reverse circulation program at Princess Royal and Mullaby prospects to test the priority
Princess Royal is located 15 kilometres south of Burra in South Australia.
Chief Operating Officer, Geoff Kidd is excited with the commencement of the drilling.
“Although the start of drilling was delayed, we are pleased to have commenced prior to the Christmas Season,” Geoff said.
The company said it anticipated to complete the first hole before the Christmas and New Year break, but due to the low to mid 40’s degrees this week, which may lead to the imposition of total fire ban days, are prevented from further work.
Drilling will re-commence mid-January of 2020.
“I take this opportunity to thank our Burra Region Project Manager, Nicole Galloway Warland for her diligence, persistence, patience and professionalism in advancing all matters needed to progress our Burra work,” Geoff added.
Ausmex will be holding an Extraordinary General Meeting at 11:30 am AEDT on January 22, 2020.
Ausmex is down 2.63 per cent on the market today and is trading at 7.4¢ apiece at 3:44 pm AEDT.