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Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | Golden Mile | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 11/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-11-2018: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Golden Mile deposit at the Mt Freda project. Drilling results incl. 59m @ 1.25g/t Au, 0.43% Cu from 73m. RC drilling assay results from the recently reported (Ref | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Morgan (Internal) | |
| ABSTRACT: | RC drilling assay results from the recently reported (Refer ASX Release 23rd November 2018) Little Duke drill hole LD18RC006 located within the “Golden Mile” that intersected a 70 m continuous graphitic black shale shear zone with up to 50% visible sulphides has returned the following significant gold and copper assay result Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is pleased to announce that that recent RC drilling at the Little Duke historic Gold Mine, located within the Golden Mile, hasintersected extensive gold up to 8.00 g/t , copper up to 1.43%, with additional cobalt up to 1,100 ppm, including 59 m @ 1.25 g/t Au and 0.43% Cu (73 m-132 m) in drill hole LD18RC006, with the drill hole finishing in mineralisation at 132 m. The last 5 m averaged 1.42 g/t gold. The little Duke Gold Mine is located within the Golden Mile, on the western margin of the massive Tier 1 IOCG “Canteen” Prospect the Company shares with Newcrest Mining Limited. A second drill hole LD18RC005, has been completed approximately 20 m south of LD18RC006. Geological logging, interpretation, and assays indicate the drill hole LD18RC005 intersected a near surface, up dip extension to the deeper gold, copper and cobalt rich sulphide mineralisation intersected within graphitic black shale. (Refer table 2 below for assays). | |
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