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Project: | Mt Freda | |
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Deposit: | Mt Freda | |
Location: | Australia | |
Commodities: | Gold-Copper-Cobalt | |
Date: | 12/6/2017 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 6-12-2017: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Mt Freda deposit at the Mt Freda project. Drilling results incl. 9m @ 400g/t Co, 1.01g/t Au, 3.16% Cu from 0m. Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Com | |
Resources: | x | |
CP/QP: | [Overall Report]: Matthew Morgan (Internal) | |
ABSTRACT: | Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is pleased to announce that it has made an outstanding discovery of high grade cobalt, copper and gold mineralisation at Mt Freda Mine Project in Cloncurry, Queensland. The materials may include forward looking statements. Forward looking statements inherently involve subjective judgement, and analysis and are subject to significant uncertainties, risks, and contingencies, many of which are outside the control of, and may be unknown to, the company. Actual results and developments may vary materially from that expressed in these materials. The types of uncertainties which are relevant to the company may include, but are not limited to, commodity prices, political uncertainty, changes to the regulatory framework which applies to the business of the company and general economic conditions. Given these uncertainties, readers are cautioned not to place undue reliance on forward looking statements. Any forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or relevant stock exchange listing rules, the company does not undertake any obligation to publicly update or revise any of the forward looking statements, changes in events, conditions or circumstances on which any statement is based. Subsequent rock chip samples over the outcrop returned extremely high-grade cobalt, copper and gold assays. Grades of up to 1,610 g/t Co, 32.7% Cu, & 33.40g/t Au were assayed by SGS Laboratories Townsville. Refer Table 1 below for all rock chip results. The outcrop is located north of the current drilling and may be a parallel mineralised system. A high priority drill target for early in the new year. | |
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