Ausmex plays Trump card
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.