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Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | King Brown | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Cobalt | |
| Date: | 11/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-11-2019: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its King Brown deposit at the Mt Freda project. Drilling results incl. 18m @ 2.34% Cu, 2.17g/t Au from 2m. 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 significant high-grade mineralisation has been intercepted at the King Brown Gold-CopperCobalt prospect located within the Mt Freda Complex. The drilling targeted previous SAM identified EM targets that had correlated with shallow gold mineralisation. Quartz-pyrrhotitechalcopyrite mineral assemblage recovered from Diamond Core drilling can be described as an Iron Sulphide Copper Gold (ISCG) system, bearing similarities to the BHP discovered Eloise Cu-Au project located ~ 20 km to the east of Mt Freda. The King Brown Project is located 2 km North West of the Mt Freda gold-copper mine and within Ausmex’s Mt Freda Complex, a western extension to the Golden Mile system. The project, known historically as a gold, copper & cobalt bearing prospect is hosted within the regionally prospective Mt Norna Quartzite unit (host to Cannington silver-lead-zinc mine and the Osborne and Eloise copper-gold mines) but has never been subject to deep or systematic drill testing. Previously reported (ref: ASX release 8th Nov 2017) rock chip sampling by Ausmex supported the tenor of historically reported Au-Cu and Co mineralisation and highlighted King Brown as a target for geophysical interrogation. In December 2017 the project was subject to a Ground SAM survey which isolated several conductivity (MMC) and electromagnetic (EM) anomalies throughout the Mt Freda Complex and the King Brown Project. | |
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