- High-grade gold mineralisation continues to be delivered at Golden Mile
- Reverse circulation and Diamond Core drilling will continue with the aim of defining a large high-grade gold mineral estimate
- More results will be made available once the drill is complete
Ausmex Mining has announced that reverse circulation (RC) drilling at Golden Mile continues to define additional high-grade gold mineralisation.
As well as this an additional 100 metre strike length extension was found at Comstock Mine.
Significant results from other prospects include 25 metres at 4.90 g/t gold including 7 metres at 13 g/t gold at Falcon, 16 metres at 3.57 g/t gold with 9 metres at 5.70 g/t gold from Shamrock and 7 metres at 3.29 g/t gold including 1 metre at 15.24 g/t gold.
Golden Mile consists of eight parallel north-south striking high grade historical gold mines which are positioned across a two kilometre wide zone. These eight historical gold mines have a combined total strike length of over eight kilometres.
Previous historical drilling by a multitude of other explorers and companies returned multiple high-grade rock chip assay results including rock chip assays of 70 g/t gold which was found in 1976.
Ausmex will continue RC and Diamond Core drilling at both Golden Mile and Mt Freda with the aim of defining a large high-grade gold mineral estimate.
An active drilling campaign is currently underway at the Mt Freda Complex specifically at the Golden Mile and Mt Freda targets, with the results to be made available once completed.
Ausmex shares jumped four percent to sit at 13 cents with a market cap of $60.02 million.