Aus­mex plays Trump card

The Australian Mining Review - - NEWS:EXPLORERS ON THE MOVE - REUBEN ADAMS

EX­PLORER Aus­mex has con­tin­ued its stel­lar run of shal­low, high-grade hits at its suite of gold-cop­per-cobalt as­sets near Clon­curry in QLD.

Fol­low up drilling at its Trump min­ing lease – a his­tor­i­cal high-grade cop­per mine 50km south of Clon­curry – re­turned a con­tin­u­ous 153m min­er­alised in­ter­sec­tion from sur­face grad­ing 1.02 per cent cop­per and 1.43 grams per tonne gold, with an ad­di­tional 7m zone of 1555ppm cobalt from 132m to 142m.

This in­cluded bo­nanza gold grades of up to 172g/t gold, in­clud­ing a 6m gold zone 75m to 81m from sur­face av­er­ag­ing over one ounce per tonne of gold.

Trump was orig­i­nally not due for maiden drilling un­til mid-2018.

But in De­cem­ber, on the way back to Clon­curry after drilling its An­swer cop­per prospect, Aus­mex took the op­por­tu­nity to com­plete a 16-hole scout RC drilling pro­gram at Trump.

Th­ese maiden re­sults in­cluded 60m grad­ing 1.3 per cent cop­per, and 54m grad­ing 1.01 per cent cop­per; both from sur­face.

The com­pany now in­tends to pri­ori­tise fol­low up drilling to es­tab­lish the true thick­ness of the min­er­al­i­sa­tion at Trump once drilling at its nearby Mt Freda com­plex is com­pleted.

The com­pany is also con­cen­trat­ing ef­forts on pro­duc­ing a JORC-com­pli­ant cop­per-gold-cobalt re­source within the tar­get-rich Mt Freda com­plex over the next six months, which in­cludes the Mt Freda gold mine (cur­rent JORC un­der­way), Golden Mile, Drillers Hut, Can­teen, and Evening Star.

Th­ese Aus­mex prospects are also within truck­ing dis­tance of third party pri­mary ore pro­cess­ing fa­cil­i­ties within the Clon­curry re­gion.

“The sheer scale of the Mt Freda com­plex of­fers the po­ten­tial to host a sig­nif­i­cant shal­low eco­nomic min­er­al­i­sa­tion the tar­get of the cur­rent drilling pro­gram,” Aus­mex man­ag­ing di­rec­tor Matt Mor­gan said.

“The com­pany has de­liv­ered great re­sults for share­hold­ers in Au­gust, and with the cur­rent and planned drilling within the Mt Freda com­plex and The Trump min­ing lease, it is en­vis­aged that ad­di­tional re­sults will con­tinue well into the De­cem­ber quar­ter.”

Named in the 1930s, very lit­tle ex­plo­ration has been con­ducted at the his­toric Trump min­ing lease over the past 60 years.

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