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Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | Comstock | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-10-2018: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Comstock deposit at the Mt Freda project. Drilling results incl. 11m @ 4.39g/t Au from 21m. Plan 1. Location plan of the Mt Freda complex including exploration sub | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Morgan (Internal) | |
| ABSTRACT: | Plan 1. Location plan of the Mt Freda complex including 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 (80% AMG: 20% RO) with Round Oak Minerals Pty Limited. The Golden Mile has a combined strike length of over 8,000m of shallow oxidised gold drilling targets over a suite of historical high-grade gold mines. Plan 2. Comstock Drill hole and X-section location plan. Note the Comstock is only one of multiple high-grade gold reefs identified at the Golden Mile along a combined 8km strike length. 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 reefs, located within the “Golden Mile Project”, under a current 80:20 JV with Round Oak Minerals Pty Limited (formerly named CopperChem Pty Ltd), a 100% owned subsidiary of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL). Additional field work completed by Ausmex Geologists has identified multiple high-grade gold reefs at surface over a combined 8km (8,000m) strike length within the Golden Mile (Refer plan 1). The Company is continuing to drill high-grade gold targets within the Golden Mile aimed at defining a significant JORC (2012) mineral resource estimate along the potential 8km long target zone. The Golden Mile project forms part of the extensive Mt Freda Gold Complex that contains approximately 30% of a significant Tier 1 IOCG target that is currently being drilled by Newcrest Mining Limited (ASX: NCM) (Refer ASX announcement 27th September 2018). | |
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