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Ausmex Mining Group Ltd.
Summary
| Project: | Burra | |
|---|---|---|
| Deposit: | Princess Royal | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-Rare Earth | |
| Date: | 2/13/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2020: Ausmex Mining Group Ltd. announces an Exploration/Drilling Update report for its Princess Royal deposit at the Burra project. Pre-collar assay results from Princess Royal. Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Morgan, Ken Collerson (Internal;Independent) | |
| ABSTRACT: | Ausmex Mining Group (ASX: AMG) (“Ausmex” or “The Company”) is pleased to update shareholders on initial drilling results at Princess Royal Prospect, located approximately 15 km south of Burra township, (Figure 3). Independent Expert Emeritus Professor Ken Collerson was recently engaged to review multielement assay data from the first two RC pre collar drill holes (BURC0011 and BURC0012) to assess the potential source of the conductive anomalies (MT flares) identified in the Company’s AMT magnetotelluric survey at Burra. (Refer ASX release 26th November 2019 for more details on AMT results), The full independent Report including assays is contained in the Appendices below. RC pre collar holes BURC0011 and BURC0012 were drilled to a maximum of 246 m as preparation for deeper diamond core drilling targeting the AMT conductive zones. Seven RC pre collar holes totalling 1,562 m, have been completed for a deeper diamond drilling campaign into the Princes Royal conductive targets, with additional pre collar assays recently dispatched to ALS in Adelaide for analysis (Figure 2 & Table 1). | |
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