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Ausmex Mining Group Ltd.
Summary
| Project: | Gilded Rose | |
|---|---|---|
| Deposit: | Gilded Rose | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-11-2017: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Gilded Rose deposit at the Gilded Rose project. Drilling results incl. 4m @ 11.35g/t Au from 41m. Following the success of our previously announced high grade gol | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Morgan (Internal) | |
| ABSTRACT: | Following the success of our previously announced high grade gold results at the Gilded Rose gold project (Refer ASX announcement 20th November) additional significant results have been received. In addition to the drilling on the main Gilded Rose reef system, it appears that there may be multiple parallel zones to the Gilded Rose reef system. Drill Hole GR17RC16 was drilled to the West of the main Gilded Rose reef to test for additional repeat mineralised zones. The hole GR17RC16 intersected high grade gold ore at a depth of only 40m. The historical underground mining at Gilded Rose was to a depth of 60m from the surface at an average production grade of 47g/t Au. Mining ceased when it reached the sulphide primary zone. GR17RC16 has intersected an additional high-grade zone not previously identified by historic mining, and indicates that mineralisation is open along strike to the west. The additional reef is now a high priority target for the current resource definition drilling at the Gilded Rose Project. Maiden RAB drilling within EPM 14163 at the Carpet Project intersected high grade Gold with 8m @ 3.5g/t Au including 2m @ 12.53/t Au from the shallow RAB drill hole QE003, whilst drilling on a 10m wide quartz outcrop during reconnaissance drilling. The RAB drilling is targeting previous high-grade rock chip sampling results, and testing the possible >2km extension of the Carpet gold and copper prospect. | |
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