Australian Mines hits high-grade gold in first hole at Dixon
Dixon is in similar geological setting to two world-class deposits, being Sandfire Resources' DeGrussa Copper Mine and Northern Star’s Plutonic Gold Mine.
Company
Australian Mines Ltd
ASX:AUZ
Australian Mines Limited is an ASX-listed exploration and development company focused on gold, critical metals and energy-storage technology across Australia and Brazil. The company is building a diversified portfolio that combines near-term gold exploration at Boa Vista with longer-term exposure to scandium, nickel, cobalt, tin, lithium and rare earth elements through its critical metals projects.
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Australian Mines follows exciting copper-gold leads
The current Burton drill program will take up to 10 days to complete with the final assay results expected by late October. Previous drilling by Australian Mines east of the Burton prospect conductor has intersected a thick zone of anomalou
Australian Mines enjoys enhanced profile as expansion potential matures
A recent drill hole and assay results at Burton bear some similarity to the initial RC drill results returned from Sandfire-Talisman’s Monty Prospect, which included 49 metres at 0.03% copper from 87 metres and 6 metres at 0.05% coppe
Australian Mines funded to hunt for next DeGrussa deposit
Drilling at the Doolgunna-Marymia Project – located within one of the hottest exploration post codes in Australia - is fully-funded and targets possible repetitions of the DeGrussa and Monty copper-gold mineralisation.
Australian Mines could have lead on next Degrussa deposit
The Doolgunna-Marymia region is emerging as one of the hottest exploration post codes in Australia following Sandfire’s recent massive sulphide VMS discovery near DeGrussa. Australian Mines’ Marymia Project has the potential to
Australian Mines expands efforts to find next DeGrussa deposit
The farm-in with Lodestar Minerals more than triples Australian Mines’ footprint in the prospective Doolgunna-Marymia region. This offers access to a number of high priority copper targets including the Little Well and Area 7 prospect
Australian Mines on the hunt for the next DeGrussa
Australian Mines has now earned a 51% interest in the Marymia Project, which is strategically located along strike of from DeGrussa, and just 40kms from Northern Star’s Plutonic Gold Mine. The company now intends on moving to 80%.