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Australian Mines Ltd.
Summary
| Project: | Marymia | |
|---|---|---|
| Deposit: | Marymia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-8-2018: Australian Mines Ltd. announces an Exploration/Drilling Update report for its Marymia deposit at the Marymia project. Drilling results incl. 4.0m @ 0.13g/t Au from 64.0m. Australian Mines Limited (“Australian Mines” or “the Company”) (Australia | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Charles Schaus (Internal) | |
| ABSTRACT: | Australian Mines Limited (“Australian Mines” or “the Company”) (Australia ASX: AUZ; USA OTCQB: AMSLF; Frankfurt Stock Exchange: MJH) announces the results of recent air core drilling and future RC drill plans for the Marymia project. The Marymia project is currently being transferred to the Company’s subsidiary Norwest Minerals Pty Ltd1 (“Norwest”), the focus of a recently announced2 proposal to launch as an Initial Public Offering and Australian Securities Exchange listing. The Marymia project is located approximately 900 km north of Perth and 170 km north of Meekatharra within the Archaean Marymia Inlier. The Marymia project is situated 40 km east of the Plutonic Gold Mine, 20 km southeast of the Marymia gold camp, and 55 km northeast of Sandfire Resource’s Degrussa copper mine (figure 1). Norwest holds an 80% interest in the Marymia project via a joint venture arrangement with Riedel Resources (ASX:RIE). | |
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