Ausmex Mining Group Ltd (ASX:AMG) has begun a 15,000-metre drilling program at the Mt Freda Complex in Cloncurry Queensland, targeting high-grade gold, copper, cobalt and massive sulphides indicative of iron-oxide-copper-gold (IOCG) mineralisation.
The company is aiming to define JORC-compliant resources over Mt Freda, Evening Star and Golden Mile including 8 historical high-grade gold prospects with more than 8 kilometres of outcropping mineralisation.
Ausmex also recently appointed Kieren Whittock as exploration manager, tasked with the role of supervising and managing the extensive drilling program.
Stage I drilling location plan targets
Whittock said: “I am extremely excited to be involved with Ausmex and to lead the Queensland discovery team.
“Ausmex currently hold an exciting tenement package at Cloncurry and I look forward to delivering positive results for Ausmex shareholders through high-quality, targeted exploration.”
Whittock was previously responsible for on-site exploration at the Hastings Technology Metals Yangibana REE Project, where he supervised 80,000 metres of exploration drilling over 5 years.
The program defined a 22-million-tonne JORC resource which advanced the project through grassroots exploration to development.
Diamond drilling rig 1 has begun drilling
The program will begin on the northern end of the conductor targeting IOCG mineralisation via scissor holes progressing south as it plunges towards Newcrest Mining’s (ASX:NCM) drilling targets south of the Mt Freda mine.
Newcrest has also begun drilling a tier-one IOCG target adjacent to the Mt Freda Complex, with the anomaly continuing into Ausmex’s tenements under a recently established farm-in agreement with Exco Resources Limited.
The company has located drill pads within about 400 metres of Ausmex’s tenure and planned drill hole locations.
Drill pads at Evening Star