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

Jul. 29, 2024 01:00PM PST

Resource Investing

“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.

Disclaimer: This interview is sponsored by Augustus Minerals (ASX:AUG). This interview provides information which was sourced by the Investing News Network (INN) and approved by Augustus Minerals in order to help investors learn more about the company. Augustus Minerals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Augustus Minerals and seek advice from a qualified investment advisor.

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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