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Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | Golden Mile | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2018: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Golden Mile deposit at the Mt Freda project. Drilling results incl. 2m @ 39.65g/t Au from 47.0m. Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Morgan (Internal) | |
| ABSTRACT: | Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is pleased to inform shareholders that the systematic exploration at the Golden Mile has continued to define additional high-grade gold mineralisation at both the Shamrock and Falcon historic high-grade gold mines. Current drilling has defined a southern extension to the Shamrock mine with 24 m @ 4.50 g/t Au (32-56 m) including 2m @ 39.65 g/t Au (47-49 m) with 1m @ 42.60 g/t Au (1.4 Oz gold). The Shamrock mineralisation is still open to the north and south as well as down dip extensions. Drilling on the Falcon historic mine has extended the Falcon East reef approximately 75 m to the north with drilling intercepting 3m @ 10.83 g/t Au (55-58 m) including 1m @ 29.6 g/t Au (55-56 m). The Falcon Reef system is located between 20 – 30 m west of the historic Shamrock shallow (2 m) open pit mine. High grade gold mineralisation is still open to the north and south at the Falcon mine, as well as down dip extensions. The two historical gold mines Shamrock and Falcon were re-discovered by the Ausmex Geology team and are now part of the nine historical gold mines that make up the Golden Mile Project, which spans a 2 km wide zone. To date the four most western historical gold mines have been drilled all intersecting high-grade gold assays. Drilling will now move east to the next historical gold mines to test for mineralization. Once all of the nine known mines have been drill tested, the company will then commence a resource drilling program on each of the individual mines aimed at defining a large JORC mineral resource estimate. | |
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