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Ausmon Resources (ASX:AOA) progresses sampling and drilling work at NSW prospects
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  • Ausmon Resources (AOA) has completed some important sampling work and kicked off a drilling program at two key exploration licences in NSW
  • The junior explorer has been progressing fieldwork at the Porcupine and Eaglehawk prospects, which both lie near the town of Broken Hill
  • At Porcupine, Ausmon has collected 222 soil samples and 23 rock samples to be sent to a laboratory for gold and multi-element analysis
  • Meanwhile, Ausmon is in the middle of a four-hole reverse circulation (RC) and diamond drilling program at the Eaglehawk prospect
  • The company has completed the first hole in this program and is busy drilling the second hole to 270 metres
  • The drilling program is designed to test chargeability targets highlighted in an induced polarisation survey from September 2020
  • Ausmon Resources shares had a few small spikes throughout the trading session today but ultimately closed grey at 1.2 cents each

Ausmon Resources (AOA) has completed some important sampling work and kicked off a drilling program at two key exploration licences in New South Wales.

The junior precious and base metals explorer is steadily progressing fieldwork at its Porcupine Prospect, which lies within an exploration licences dubbed EL 8747, and its Eaglehawk Prospect, within the EL 8745 licence.

Both licences are near the town of Broken Hill in west New South Wales.

At Porcupine, Ausmon has recently collected a string of soil and rock samples in the region to be sent to a laboratory for gold and multi-element analysis. Specifically, the company collected 222 soil samples and 23 rock samples from the prospect.

Ausmon said before it started the sampling program, it reviewed historical drill holes from the licence area to better understand the geology and any significant veining and mineralisation in the area.

Results from the soil and rock samples will be announced as soon as each is completed.

At the same time, Ausmon is busy completing a four-hole reverse circulation and diamond drilling program at the Eaglehawk prospect. The 1200-metre program is designed to test chargeability targets highlighted in an induced polarisation survey from September 2020.

So far, the company has completed one hole, which was drilled to 253 metres. A second drill hole was at 211 metres as of this weekend with a target of 250 metres, but this is now being extended to 270 metres. The other holes part of the drilling program will follow once this second hole has been completed.

Ausmon Resources shares had a few small spikes throughout the trading session today but ultimately closed grey at 1.2 cents each. The miner has a $9 million market cap.

AOA by the numbers
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