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Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | Golden Mile | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-11-2018: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Golden Mile deposit at the Mt Freda project. Drilling results incl. 8m @ 10.55g/t Au from 24.0m. Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is plea | |
| 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 again discovered high grade gold under historical gold workings, with high grade gold intersections of up to 4 m @ 18.93 g/t Au (27-31 m) within 8 m @ 10.55 g/t Au from The Falcon historic mine. This is the fourth high grade historic workings to undergo maiden drilling by Ausmex that has intersected high grade gold. The Falcon mine consists of a twin reef system located approximately 30 m west of the recently discovered high grade “Shamrock” reef system that includes maiden down hole RC drilling intersections of 28 m @ 4.3 g/t Au from 37 m. (Refer ASX release 26th October 2018). The Falcon mine which is located approximately 300 m to the east of the Comstock mine, where the Company has recently intersected significant high-grade gold in drilling including 8 m @ 6.32 g/t Au with 3 m @ 12.1 g/t Au (Refer ASX release 10th September 2018, and 8th October 2018). The Golden Mile project consists of nine parallel north-south striking zones of mineralisation, all of which were historical producing high-grade gold mines. Drilling by the Company has intersected high grade gold in the first four mines drilled to date as the exploration program systematically progresses from west to east. Drilling will continue aimed at establishing a JORC Mineral estimate. To date mineralisation at the Golden Mile has a combined strike length of greater than 8,000 m that includes mineralised structures visible on surface as well as old workings, shafts and mineralised outcrops have been identified during exploration. | |
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