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Australian Mines Ltd.
Summary
| Project: | Flemington | |
|---|---|---|
| Deposit: | Flemington | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Nickel-Scandium | |
| Date: | 8/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-8-2019: Australian Mines Ltd. announces an Exploration/Drilling Update report for its Flemington deposit at the Flemington project. Drilling results incl. 15m @ 2054ppm Co from 3m. Advanced battery materials developer, Australian Mines Limited (“Austra | |
| Resources: | (Resource): 2.5Mt @ 0.103% Co, 403ppm Sc (Meas) and 0.2Mt @ 0.076% Co, 408ppm Sc (Ind) | |
| CP/QP: | [Overall Report]: Mick Elias (Internal) | |
| ABSTRACT: | Advanced battery materials developer, Australian Mines Limited (“Australian Mines” or “the Company”) (Australia ASX: AUZ; USA OTCQB: AMSLF; Frankfurt Stock Exchange: MJH) is pleased to announce that the final assay results have been received from the first phase of the Company’s resource expansion drilling campaign4 at its 100%-owned Flemington Project in New South Wales, Australia. These results confirmed that a significant, continuous zone of high-grade cobalt and scandium mineralisation extends westward for over 1,200 metres and is contiguous with the current established Mineral Resource5 at Flemington. In the Company’s 8 July 2019 release6 , limited drilling results received suggested the existence of two separate zones of high-grade cobalt and scandium mineralisation. This final set of results has confirmed that, in fact, the high-grade mineralisation is continuous across the extent of the drilling footprint, and is not confined to separate high-grade zones. Importantly, the high-grade cobalt-scandium mineralised footprint which has been outlined with this current round of drilling results, now represents a tripling of the areal extent when compared to the footprint of the initial Flemington resource. In addition, the geological host rock for the Flemington Resource, the Tout (ultramafic) Complex, continues to trend further to the west, as indicated from this latest round of drilling, and this is where the Company will focus the next exploration drilling effort. | |
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