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Ausmon Resources Ltd.

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Summary

Project:

Pooraka

Deposit:Pooraka
Location:Australia
Commodities:Gold-Silver-Lead-Copper-Zinc
Date:5/8/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:8-5-2017: Ausmon Resources Ltd. announces an Exploration/Drilling Update report for its Pooraka deposit at the Pooraka project. Drilling results incl. 13m @ 403ppm Pb, 976ppm Zn, 51ppm As, 0.02-0.03% S from 3m. Ausmon Resources Limited (AOA:ASX) makes thi
Resources:x
CP/QP:[Overall Report]: Pieter Moeskops (Not stated)
ABSTRACT:Ausmon Resources Limited (AOA:ASX) makes this announcement following the receipt of the results of geochemical analytical studies undertaken by ALS Orange for samples collected during the recent Pooraka Drilling Program in EL 6413 and EL 7564 near Cobar in NSW. Hole T1 was drilled and sampled to a total depth of 150 m on March 18th and 19th. The RCpercussion rig was then moved and set up to drill Hole T2 (250m) on March 20th & 21st, but heavy rains intervened preventing access. When tracks dried out Hole T2 was quickly drilled on March 28th, and sampled on March 28th and 29th. Sampling of both holes was at 1m intervalsgenerating 400 X 25Kg PVC bags of drill returns plus 400 X 1.5-2 Kg of split samples. Split samples were dispatched by road freight to ALS in Orange on March 29th. Samples selected for analysis covered the down-hole extents of the two TDEM target zones which also closely matched logged zones of interest in both holes. In total 290 samples were selected for analysis (110 in Hole T1 and 180 in Hole T2). ALS analyzed for key elements-; Au, Ag, Cu, Pb, Zn, As, and S. In both holes shales and acid to intermediate volcanic rocks were noted to be slightly weathered, with RC returns containing fines plus recognizable chips, however what were thought to be weathered felsic volcanic rocks consisted almost entirely of clays of varying colors and hues—light to dark brown, khaki, red-brown, and purple-brown. No sulphide minerals were noted in returns, but that would be expected in a strongly weathered environment.

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