For thousands of other reports visit RSC's Mineral Intellingence Map
Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | IOCG | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-7-2019: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its IOCG deposit at the Mt Freda project. Drilling results incl. 51m @ 1.21% Cu, 0.70g/t Au, 295ppm Co from 0m. Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Morgan (Internal) | |
| ABSTRACT: | Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is pleased to announce that to date three Diamond Drill holes have now intersected copper, gold, & cobalt along the projected +1500 metres of strike length of the IOCG target (“potential porphyry” as recently described by Emeritus Professor Ken Collerson; Refer ASX release 1st July 2019) anomaly previously identified as a conductive structure. All three drill holes are located within the Ausmex tenements, refer figure 1 above. The latest hole ES19DD004 intersected 51 m @ 1.21% cu, 0.70 g/t Au and 295 ppm Co, with an additional 4.5 m of assays outstanding. The hole was terminated at a depth of 55.5 m when drilling hit a ~ 4 m void with no sample recovery. An additional hole is currently planned to re drill this target below the void. Approximately 500 m to the east from the Evening Star drill hole ES19DD004 the Company previously discovered a 12 m wide sub surface quartz outcrop that that returned twelve, 1 m sample assays up to 32.7% Cu and 33.4 g/t Au. Several shallow holes RC drill holes also intersected high grade Copper, Gold & Cobalt at Drillers Hut (Refer ASX release 6th December 2017). A deep diamond core drill hole will be drilled into the area known as Drillers Hut which is also within the strike zone of the IOCG target. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report