Augustus Minerals

RC Drill Program Commenced at Ti-Tree Project

Augustus Minerals (ASX: AUG; “Augustus” or the “Company”) is pleased to advise that a 3,400m reverse circulation (RC) drill program has commenced at the Ti-Tree Project, ~200kms east of Carnarvon in Western Australia. The program is designed to complete the first pass drill coverage of the 3.5km long soil copper anomaly located 300m northeast of the defined molybdenum mineralisation / exploration target estimate (Figure 1).


  • 3,400m RC drill program has commenced at the Minnie Springs Cu-Mo-Ag porphyry prospect, with deeper diamond drilling planned for June.
  • The drilling will follow-up on the 2023 program where MSRC0121 intersected:
    • 18m @ 0.52% CuEq (0.37% Cu and 9.7 g/t Ag) from 94m downhole, and;
    • 16m @ 0.69% CuEq (0.38% Cu and 19.4g/t Ag) from 121m downhole
  • The drilling will also target the northern 2km of the strong copper-in-soil anomaly that has now had Heritage Clearance.
  • A deeper diamond drilling program is planned for June to test the undrilled area between the molybdenum mineralisation and the 3.5km long copper-in-soil trend.

Andrew Ford, GM Exploration

“The 2023 program intersected one of the strongest copper intervals in this region to date. Combined with the extensive surface anomalism and the large nearby Minnie Springs Molybdenum Porphyry, we affirm our belief of the potential of a substantial mineral system at this project. Drilling will be conducted north, south and at depth of MSRC012 to further define extensions of the Minnie Springs copper discovery intersected last year. This program will also give us a first look at the northern half of the 2km long high-level copper anomaly.”

The deeper diamond program scheduled for June will provide drill coverage between the molybdenum mineralised core intrusion and the large copper-in-soil anomaly.

Figure 1. Minnie Springs existing and planned RC Drilling over gridded copper in soil geochemistry (blue shades are l< 40ppm Cu, red colours are > 90ppm Cu in soils). Historic drilling has defined the molybdenum rich zone. Copper grades shown as bar graphs.

In parallel with the drilling, the extensive soil sampling program that commenced in late February (Figure 2) continues with initial results expected from Moogooree and Howells Gap in the next few weeks.


Click here for the full ASX Release

This article includes content from Augustus Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AUG:AU
The Conversation (0)
Apollo Minerals Limited

Exploration Update - Visible Gold Intersected at Salanie

Apollo Minerals Limited (ASX: AON) (‘Apollo Minerals’ or ‘the Company’) provides an update on its exploration activities at the Salanie Gold Project (“Salanie”) in Gabon and the Belgrade Copper Project in Serbia. The first round of drilling has now been completed at both projects. Visible gold has been intersected at the A1 Prospect at Salanie, an area that has not seen exploration or modern drilling in 70 years.

Keep reading...Show less
Metal Bank Limited

Wadi Al Junah VMS-Style Copper-Zinc-Gold-Silver Project in Saudi Arabia

Metal Bank Limited (ASX: MBK) (‘Metal Bank’, ‘MBK’ or the ‘Company’) is pleased to announce further details regarding the Wadi al Junah Copper-Zinc-Gold-Silver Project (‘Wadi al Junah’ or ‘the Project’), which has been awarded to Consolidated Mining Company (CMC) following a highly competitive Saudi government exploration licensing Round 6.

Keep reading...Show less
Octava Minerals Limited

Octava to Commence Drilling at Yallalong High-Grade Antimony Project

Octava Minerals Limited (ASX:OCT) (“Octava” or the “Company”), a Western Australia focused explorer of the new energy metals antimony, REE’s, Lithium and gold, is pleased to report that the drill rig is relocating to site at the Yallalong antimony project and will commence drilling this weekend. Drilling will focus on two antimony targets, Discovery and Central, with No.4 and North targets to be drilled in the new year.

Keep reading...Show less
Warriedar Resources

Targeted Exploration Focus Delivers an Additional 471koz or 99% Increase in Ounces, and a Higher Grade for Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to report on an updated MRE for its flagship Ricciardo Gold Deposit, part of the broader Golden Range Project located in the Murchison region of Western Australia.

Keep reading...Show less
Octava Minerals Limited

Octava Selects Drilling Contractor for its Yallalong Antimony Project in Western Australia

Australian mineral exploration company Octava Minerals (ASX:OCT) has selected the drilling contractor for the exploration work commencing at its 100-percent-owned Yallalong antimony project, according to an article by Business News - Australia. The deal will kick off the company’s 3,000-metre program focused on the Discovery target.

Keep reading...Show less
Australian flag with "economy" and "growth" blocks.

Western Australia Allocates AU$14 Million to Improving Environmental Approval Process

Western Australia's governmentsaid on Monday (November 11) that it is allotting AU$14 million to support the employment of additional staff at the Environmental Protection Authority (EPA) and the Office of the Appeals.

The boost comes in response to the Vogel-McFerran Review commissioned by the government in 2023. It recommended various steps to speed up the state's environmental approval system and secure major projects.

According to the government, employing additional staff will help address existing backlogs and provide faster decisions “without impacting the high standard for protecting WA's unique environment.”

Keep reading...Show less

Latest Press Releases

Related News

×