Australian Mines Limited (ASX:AUZ) (FRA:MJH) has received positive exploration results from two of its Western Australian assets - the Warriedar Gold Project and the Bali Copper Project.
The projects are currently held or being transferred to Australian Mines’ fully-owned subsidiary Norwest Minerals Pty Ltd.
Bali Copper Project
At the Bali Copper Project, high-grade copper results in rock chips were sampled along a 3-kilometre section of the Bali Shear Zone.
33 samples reported more than 5% copper, 17 samples returned an impressive 10% copper or greater and the best recorded sample assayed 36.8% copper.
The copper grades of all 87 rock chip samples averaged 6.3%.
Warriedar Gold Project
Gold assays from the surface sampling program at the Warriedar Gold Project returned a number of high-grade gold results including rock chips assays up to 28.6 g/t gold.
Reid’s Ridge Gold Mine at the Warriedar Gold Project
The project has a number of drill-ready targets including the historical Reid’s Ridge Gold Mine and the Mount Laws 1.5-kilometre mineralised trend.
A 2,000 metre reverse circulation drill program is planned to target potential gold mineralisation down-dip of previous drill intercepts and other targets at Mount Laws post the proposed IPO of Norwest.