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Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | Comstock | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-8-2018: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Comstock deposit at the Mt Freda project. Drilling results incl. 8m @ 6.32g/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 maiden RC drilling results from the Comstock Gold Prospect, located within the “Golden Mile Project”, under a current 80:20 JV with ASX: WHSP subsidiary Round Oak Minerals (formerly named CopperChem), refer ASX 8th June 2018. The company is having continued success after this week reporting high grade gold results from our 100% owned Trump ML, located to the west of Golden Mile Project, reporting 153 metres @ 1.02% Cu & 1.43 g/t Au including 6m @ 32.9g/t Au & 4m @ 42.90 g/t Au. Drilling will resume on the Trump shortly once the Golden Mile drilling is completed. (Refer ASX 28th June 2018). Comstock Historic Gold Mine – Golden Mile Project The Comstock historic mine recorded gold production averaging 60g/t Au and is one of 8 parallel historical gold mines across a 1.5km wide x 1.8km gold field known as “The Golden Mile”. The Ausmex maiden drilling is targeting seven of these closely spaced parallel north/south +500metre long x 300m mineralised zones. Previous field work conducted by the Company located within the Golden Mine Project and within the Mt Freda Complex identified seven priority targets encompassed in the Ausmex +20 Sq Kms tenement package (Refer ASX 16 June 2018) and Table 1 below. The mines listed in Table 1 are all part of the “Golden Mile Project”. The Historic mines ceased production due to the commencement of the Second World War in 1939 and have been lying dormant since that time. Mining on all the historic Golden Mile prospects only ever reached a 30m depth. | |
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