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Friday, 29th June 2007 (3004 views)

Mining exploration company AmMex Gold has reported that it has entered into an arrangement with Biotronix Research Instruments to develop new mining technology.

The technology is dubbed as 'the locator' by Biotronix and AmMex claims it could revolutionise the mining industry.

According to AmMex, the locator technology has been under research for a number of years and is currently entering the final stage of development, upon final development, 50 per cent of the technology will be owned by Amex and the other 50 per cent by Thomas Phillips.

Currently, a number of mining exploration companies use expensive thermal airborne systems to map out property zones of interest, the gold miner reveals.

"The locator could very well open up a new world of efficient and inexpensive exploration methodologies," AmMex noted.

AmMex Gold Mining is a precious metals exploration company and aims to become a gold and precious metals producer by developing its El Tiliche project in Mexico as well as its properties in Nevada.

 

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