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Ausmex Mining Group Ltd.
Summary
| Project: | Mt Freda | |
|---|---|---|
| Deposit: | Mt Freda | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt | |
| Date: | 8/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2019: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Mt Freda deposit at the Mt Freda project. Drilling results incl. 24m @ 2.8g/t Au from 109m. Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Morgan (Internal) | |
| ABSTRACT: | Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is pleased to announce the current resource definition drilling program within the Mt Freda suite of Mining Leases has defined addition high grade gold including samples up to 32.7 g/t Au under the Mt Freda Open Cut. The recent drilling results confirms additional high-grade gold extends from the current pit floor and is still open at depth. The Mt Freda Open Cut Mine located within granted Mining Lease ML2752 has current haul road access to two, third party gold CIP ore processing facilities within Cloncurry with a combined processing capacity of approximately 1 million tonnes per annum (1 Mtpa). Ore from Mt Freda has recently been processed at the Great Australian Mine currently operated by Round Oak Minerals Pty Ltd (subsidiary of WH Soul Pattison ASX:SOL), following the sale of a large stockpile in 2018 for $2.5 million cash. (Refer ASX release 27th February 2018). Ausmex also has an option to process all ore produced from the Golden Mile projects at the Round Oak Minerals Pty Ltd Great Australian 600 ktpa Gold CIP processing plant in Cloncurry. | |
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