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Ausmex Mining Group Ltd

Ausmex Mining Group data review reveals large-scale sulphide target at Burra

The target shows similarities to the Jinchuan nickel-copper-platinum group elements (PGE) deposit, the worlds largest single magmatic sulphide deposit.

Ausmex Mining Group Ltd - Ausmex Mining Group data review reveals large-scale sulphide target at Burra
A gravity survey is recommended to define drill targets

Ausmex Mining Group Ltd (ASX:AMG) has engaged independent professor Kenneth Collerson to review and report findings on the latest Burra AMT & MT geophysical data which has identified a new magmatic sulphide system in the Burra region of South Australia.

A comparison of trace element analytical data has established that the mineralisation at Burra has a similarity to the world glass, giant Jinchuan deposit in China.

The Jinchuan deposit is the largest single magmatic sulphide deposit on earth with more than 500 million tonnes at 1.2% nickel and 0.7% copper grading 0.4 g/t tonne PGE.

Model viewed to the northwest showing targets A and B in relation to the Princess Royal deposit

The conductive zones below the Burra mineralisation provide a direct link with the conductive MT flare in the mid-crust beneath Burra.

As target A correlates with Princess Royal it is likely that the zones of high electrical conductivity also reflect the presence of mineralisation at depth.

Although the supergene copper resource has been exploited at Burra, the potential for deeper-sulphide-hosted-copper-nickel-cobalt with associated gold and PGE has not been tested.

The structures are accessible by drilling and provide targets to test the presence of such ultramafic sourced mineralisation.

It is recommended that a gravity survey be undertaken to delineate these conductive zones and define drilling targets.

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