For thousands of other reports visit RSC's Mineral Intellingence Map
Australian Mines Ltd.
Summary
| Project: | Marymia | |
|---|---|---|
| Deposit: | Dixon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-6-2016: Australian Mines Ltd. announces an Exploration/Drilling Update report for its Dixon deposit at the Marymia project. JV with Riedel Resources - drilling results incl. 4m @ 1.31g/t Au from 170m at Dixon. Australian Mines Limited (“Australian Mine | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Benjamin Bell (Internal) | |
| ABSTRACT: | Australian Mines Limited (“Australian Mines” or “the Company”) advises it has received the assay results from the latest round of reverse circulation (RC) drilling at its Dixon gold prospect – part of its joint venture with Riedel Resources Limited (ASX: RIE). The Dixon gold prospect is located within 50 kilometres of Northern Star’s Plutonic Gold Mine (Figure 1) and hosted by a similar greenstone belt as that containing the Plutonic and Marymia deposits where the mineralisation often occurs as thin (2 – 4 metre) lodes that grade from 1 g/t gold . Previous drilling by Australian Mines delineated a mineralised corridor at Dixon that extends for more than half a kilometre and which remains open along strike in both directions3 (Figure 2). This strike length appears consistent with the gold lodes present within the neighbouring Plutonic Well Greenstone Belt, which are usually several hundred metres long. In May 2016, Australian Mines commenced a six-hole RC drill campaign at Dixon that was primarily designed to target an interpreted high-grade gold zone along strike of the Company’s 2015 discovery hole. This recent drilling returned intersections that included 4 metres @ 1.31 g/t gold from 170 metres (DXRC011) and 3 metres @ 1.13 g/t gold from 140 metres (DXRC011), indicating that the gold grades and widths of the mineralisation at Dixon appear to be approaching the tenor observed in many of the open pits across the Plutonic and Marymia operations. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report