Total
0
Shares
Altura Mining (ASX:AJM) - Managing Director, James Brown - The Market Herald
Managing Director, James Brown
Source: Finance News Network
  • Altura Mining (AJM) has found 37 gold nuggets, weighing a total of 25 grams, at its Lucky 13 prospect near the Pilgangoora lithium mine
  • The nuggets were found between the Cleopatra and Hazelby prospects
  • Altura is now planning to complete a soil sampling program along the Cleopatra-Hazelby corridor
  • The program aims to target the mapped and sampled horizons that show gold mineralisation
  • Company shares are up 4.84 per cent on the market this morning, trading for 6.5 cents per share

Altura Mining (AJM) has found 37 gold nuggets, weighing a total of 25 grams, at its Lucky 13 prospect near the Pilgangoora mine.

The nuggets were found within a mapped geological and structural corridor that is approximately four kilometres in length between the Cleopatra and Hazelby prospects.

The three new gold prospects are 4.5 kilometres south-southeast of Altura's Lithium Project at Pilgangoora in Western Australia's Pilbara region.

"Geologically, the location of this nugget find is significant, given the proximity to an altered contact between a thick highly strained komatiite intrusive and high-Mg basalt unit," the company explained.

What's next?

Altura is now planning to complete a soil sampling program along the Cleopatra-Hazelby corridor.

The program aims to target the mapped and sampled horizons that show gold mineralisation.

"Soil sampling is likely to be a highly effective test of the various prospects due to shallow soil cover within the corridor. Further outcrop samples will also be collected during this fieldwork," the company added.

Last week, the company recorded a strong quarter with an increase in production and exports.

Altura is up 4.84 per cent on the market this morning and is trading for 6.5 cents per share at 11:05 am AEST.


Subscribe


AJM by the numbers
More From The Market Herald
Trigg Mining (ASX:TMG) to raise $2.3M for WA  projects

" Trigg Mining (ASX:TMG) to raise $2.3M for WA projects

Trigg Mining (TMG) is planning to raise up to $2.3 million through a renounceable rights issue.
Magnetic Resources (ASX:MAU) - Managing Director, George Sakalidis - The Market Herald

" Magnetic Resources (ASX:MAU) intersects shallow high-grade gold at Hawks Nest 9

Magnetic Resources (MAU) has received promising results from drilling at its Hawks Nest 9 gold prospect (HN9) near Laverton in WA.
BCI Minerals (ASX:BCI) to accelerate Mardie development with $48M entitlement offer

" BCI Minerals (ASX:BCI) to accelerate Mardie development with $48M entitlement offer

BCI Minerals (BCI ) is set to launch a fully underwritten $48 million entitlement offer to fund development of its Mardie salt &
Anglo Australian Resources (ASX:AAR) - Managing Director, Marc Ducler (right) - The Market Herald

" Anglo Australian Resources (ASX:AAR) looks to raise $14M to accelerate exploration at Mandilla

Anglo Australian Resources (AAR) has received firm commitments to raise $11 million through a share placement.