Auric Mining (ASX:AWJ)

RC Drilling at Spargoville – Fugitive Prospect

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce that results have been returned for a small RC drilling program recently completed at the Fugitive Prospect, Spargoville Project, Western Australia.


HIGHLIGHTS

  • Six-hole RC program completed at Fugitive Prospect.
  • Scissor holes lead to geological reinterpretation.
  • Results include 2m @ 3.82g/t Au, 3m @ 1.18g/t Au and 1m @ 6.08g/t Au within a broader mineralised zone.
  • Mineralised zone represents highly prospective target for further drilling.


MANAGEMENT COMMENT

Mr. Mark English, Managing Director:

“The Fugitive Prospect is midway between two prominent, high-grade gold deposits; Wattle Dam and Spargos Reward at Spargoville. Our first-pass drilling has highlighted similarities with both deposits. We’re looking forward to the next phase when we will get the opportunity to test that model.”

Mr. John Utley, Technical Director:

“Historic drilling has outlined a zone of supergene gold mineralisation at Fugitive. Whilst there’s only sparse drilling below 50m vertical depth, we can see evidence for a plumbing system extending beneath the shallow mineralisation. It’s an enticing drill target, over almost 700 metres of strike length.”


RC Drilling at The Fugitive Prospect. Photo 15 April 2024.RC drilling at the Fugitive Prospect


Click here for the full ASX Release

This article includes content from Auric Mining, 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.


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