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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: .AUK
News: Latest news
Web Site: Augur Resources
Other Articles: 09-12-200904-12-200903-11-2009

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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Augur Resources

Augur Resources

Augur Resources is a New South Wales (NSW) based resource development company, with a focus on copper, gold and nickel projects within the Lachlan Fold Belt of central NSW. The region hosts a number of Australia’s most significant operating copper-gold mines and remains highly prospective for copper, gold, base metal and nickel deposits.

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Tuesday, July 07, 2009

Augur Resources unveils large gold anomaly at Lightning Gold Project

by Proactive Investors company news image

Augur Resources (ASX: AUK) has made a significant discovery of a large gold anomaly at Lightning Gold Project in NSW.

With the portent of further to come based on results to date, and from historic work undertaken by BHP - interest should begin to increase in Augur in months to come.

Regional soil sampling at Lightning Gold in central west New South Wales has identified a large gold anomaly in the western portion of the project area.  Gold values up to 155ppb were recorded within a background of approximately 4ppb.

Interestingly, the strike length is 525 metres and orientated north-south.

In May, a soil sampling program was undertaken at the Lightning Gold Project area within the Tullamore tenement. Sampling north of the historical Lightning gold mine returned up to 8230ppb gold (8.23 g/t gold) and regional rock chips had returned up to 11.7 g/t gold. 

Modern exploration at Lightning prospect has been very limited. BHP undertook limited rock chipping and three trial soil lines as part of an option on the tenement during 1989.

BHP reported results from three rock chip samples taken within one of the three shafts at the Lightning prospect, with gold results between 3.0 and 11.4 g/t. The three BHP soil lines returned up to 280 ppb gold. BHP had planned to drill at the prospect but cancelled the program due to wet conditions. BHP allowed the option on the property to lapse.

In addition to the large anomaly at Lightning prospect, a number of other anomalies were identified including an anomaly at the Hail prospect in the south of the survey area and an anomaly on the north eastern edge of the survey area near Ryan’s prospect.

The Hail prospect is of interest as BHP had drilled two holes to the west of the anomaly and intersected 4m at 3.95 g/t gold in one hole from 20m depth. The other hole returned a best intersection of 4m at 0.64 g/t gold from 40m depth.

Next steps will be some infill soil sampling during the next month to better define those anomalies which remain open, in particular those at Lightning and Hail prospects. further sampling will be taken east of Ryan’s prospect and in the north of the LGP area to close off anomalies.

Drilling is planned for the Lightning prospect for late 2009.

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