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Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | Little Duke | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 11/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-11-2019: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Little Duke deposit at the Mt Freda project. Drilling results incl. 122m @ 0.92g/t Au, 0.32% Cu 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 the Diamond Core drilling results from down RC hole LD19RC0025 (Refer ASX release 26th September 2019) that previously intersected 17 m @ 4.1 g/t Au with 1.2% Cu & 493 ppm Co (31 - 48 m) before becoming bogged, has intersected a 122 m mineralised zone, with multiple high-grade gold and copper zones within massive quartz sulphide mineralisation. This is a significant drill hole as summarized by Managing Director Matt Morgan: “ With continual drilling we have finally worked out the geology at Little Duke, with the latest diamond core assays indicating we have interested a 122 m wide IOCG style mineralised zone, near surface, with mineralisation extending down dip to the east under the Mt Freda Complex. This fits our recent interpretation that the shallow ‘epithermal” high grade gold mineralisation at the Mt Freda Complex is sourced from a deeper IOCG style magmatic source. Mineralisation at Little Duke is very similar to the Ausmex, Evening Star copper gold mine, ~ 2 km to the south, that adjoins the Newcrest Mining Ltd Canteen IOCG project. This indicates there may be an extensive magmatic source at depth feeding the near surface mineralisation over several kilometres, from the Newcrest Ltd Canteen project up to the Ausmex controlled Golden Mile.” | |
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