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Ausmex Mining Group hits high grade copper in first drilling at Joker

The company is aiming to begin a phase II drilling program.
Queensland map
The Joker project is in the Cloncurry region of northwest Queensland

Ausmex Mining Group Ltd (ASX:AMG) has had high grade copper hits from a maiden drilling program at the Joker project in northwest Queensland.

The reverse circulation drilling returned results of up to 9 metres at 2.03% copper and 17.51 g/t silver from 70 metres, including 1 metre grading 8.01% copper and 66.7 g/t silver.

Eight of nine holes at Joker and Joker West prospects intersected high grade copper.

High grade copper results

Other strong results were 6 metres at 2.0% copper and 4.93 g/t silver from 66 metres; 3 metres at 2.21% copper from 11 metres, including 1 metre at 5.11%; and 4 metres at 2.41% copper and 5.45 g/t silver from 37 metres.

The results have prompted Ausmex to decide on a phase II drilling program to expand the footprint.

Follow-up drilling targeting the open mineralisation is considered a high priority for early 2018.

Mineralisation at the Joker prospects extends from the surface and remains open at depth and along strike.

Parallel structures identified

Additional parallel structures have recently been identified which present further untested high grade drilling targets.

The prospects are circa 10 kilometres from Ausmex’s Mt Freda Gold-Copper-Cobalt Project and circa 15 kilometres from its Gilded Rose Gold Project, all in the Cloncurry region.

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