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Ausmon Resources gets busier at NSW copper project

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Ausmon Resources (ASX: AOA) is starting a detailed gravity survey over its Koonenberry Copper Project in New South Wales that will outline deep structural features and find suspected hidden porphyry intrusions.

Such intrusions may contain a porphyry copper-gold system in its upper levels.

Copper and silver-lead mineralisation observed along shears and faults at Wertago and Nutherungie respectively are thought to represent late stage emanations from such a system

The survey will be carried out on EL 6424 covering the Nutherungie Silver Field adjacent to Wertago copper diggings.

Detailed modelling of the new gravity data, in the context of existing geological, geochemical and geophysical data, will aim to define drill targets which could be up to 500 to 600 metres below the surface.   

To test such targets, 2 or 3 steeply inclined drill holes of up to 650m in length, may be required.

These will be “concept” holes which could lead to major new discoveries and the company plans to apply for contributions to the drilling costs by the Government of NSW under its policy of promoting test ideas and enhancing knowledge of NSW geology.

The Company expects to complete the above survey and interpretation work in about 3 weeks to be followed by planning the drill holes within the targets that may be identified.

 

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Quick facts: Ausmon Resources Ltd

Price: 0.002 AUD

ASX:AOA
Market: ASX
Market Cap: $1.22 m
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