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Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | Comstock | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-9-2018: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Comstock deposit at the Mt Freda project. Drilling results incl. 7m @ 7.60g/t Au 8m. Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is again pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Morgan (Internal) | |
| ABSTRACT: | Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is again pleased to announce additional high-grade gold RC drilling results from the Comstock Gold mine, located within the “Golden Mile Project”, under a current 80:20 JV with Round Oak Minerals Pty Ltd (formerly named CopperChem Pty Ltd), a 100% owned subsidiary of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL). Drilling continues at the Comstock historical Gold Mine within the Golden Mile project located approx. 500m north of the Mt Freda Gold Mine. The Golden Mile project, forms part of the Mt Freda Gold Complex. Phase one drilling is aimed at defining a potential 1,500m combined strike length from four closely spaced parallel gold zones within the Golden Mile in preparation for a maiden JORC 2012 mineral resource estimate. Plan 2. Location plan of the Mt Freda complex and exploration sub blocks EPM15923 825U & 825P that adjoin both the Mt Freda ML2752 and the highly prospective high-grade gold tenement EPM 14163 (Refer ASX announcement 7th August 2017). Exploration Sub Blocks 825P & 825U contain the Golden Mile project and are subject to a JV with Round Oak Minerals. The Golden Mile has a combined strike length of approx. 1500m of shallow oxidised gold drilling targets over a suite of historical high-grade gold mines. Gold Rich Mt Freda Complex Ausmex now has the capacity to significantly extend the Mt Freda mining lease for any potential mine expansion requirements as the company continues to systematically drill out these high-grade gold targets commencing at the Comstock mine. Note the extensive outcropping high grade gold assays previously reported along two major structures to the west of the Mt Freda Pit within EPM14163. The Mt Freda Complex is proving to be an extensive gold rich province with multiple high-grade gold targets. The Comstock drilling is the first of a large drilling program targeted at defining a significant JORC mineral resource. | |
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