Augustus Minerals

Vast Land Package for Critical and Precious Metals Exploration in Australia

Resource Investing

Augustus Minerals Drilling for Higher-grade Targets at Ti Tree Project, Exec Says

Resource Investing News

“We're getting icebergs of some of these mineralised structures with these high grades (of) copper, silver (and) gold. I think the most exciting part is just the unexplored nature of the whole prospect area,” said Andrew Ford, general manager of exploration at Augustus Minerals.

Augustus Minerals (ASX:AUG) has received commitments of over AU$1.66 million to accelerate the exploration of the Ti Tree project in the Gascoyne Province of Western Australia. Andrew Ford, the company’s general manager of exploration, said programs are in place to explore for high-grade targets.

“(We’re) continuing our rock chip sampling (and) prospecting mapping. We have an airborne geophysics program starting hopefully in early August, and that will be targeting a variety of (areas),” he said.

Augustus Minerals also earned sponsorship from the Western Australian government through an exploration incentive scheme, where 50 percent of the drill costs will be covered by the government, according to Ford.

“So we've got two 700 metre diamond holes, sort of targeted to test under the existing drilling in areas where we haven't done drilling, down to an area where we're hoping … we may hit some hopefully higher-grade copper and molybdenum. So that's another big program coming up," he explained.

Results of rock chips collected at the 3,600 square kilometre Ti Tree project have revealed new higher-grade assays of 35 percent copper and 236 grams per tonne silver from the Tiberius prospect.

Watch the full interview with Augustus Minerals General Manager of Exploration Andrew Ford above.

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This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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