viewAusmex Mining Group Ltd

Ausmex Mining delineates three priority Princess Royal drill targets at Burra project

Recent 2D inversion modelling of the new data has highlighted three priority drill targets.

Ausmex Mining Group Ltd - Ausmex Mining delineates three priority drill targets at Princess Royal within SA Burra Project
Ferruginous gossanous outcrop with quartz breccia and malachite visible above target-1 at the Burra project

Ausmex Mining Group Ltd (ASX:AMG) has delineated three priority conductive drill targets at the Princess Royal prospect within the wider Burra project in South Australia.

A recent 200-metre spaced infill Magnetotellurics (MT) and Audio-Magnetotellurics (AMT) traverse over the Princess Royal MT anomalies has confirmed and further delineated the conductive anomalies initially identified in August.

Modelling of the higher resolution data by independent geophysical consultants GeoDiscovery Group has enabled the company to define the three priority targets that warrant drill testing.

Ausmex's Burra project is near the historical copper mining centre of the same name in South Australia's mid-north.

The priority-1 target extends from near surface to depth and is associated with gossanous ferruginous quartz breccia with malachite at the surface.

The priority-2 target lies on the eastern side of the historic Princess Royal working and is associated with a mineralised thrust fault along with the anticlinal contact between the Skillogalee dolomites and the Saddleworth formation.

Executive director and COO Geoff Kidd said: “We are very pleased with the additional definition that our recent close-spaced MT transect has provided, we thank Zonge for their timely fieldwork and GeoDiscovery for their rapid modelling and interpretation of that data.

"The result means that we are on schedule for our drilling program, which will commence in the first week of December."

No previous deep drilling has been completed under the secondary copper-gold mineralisation at Princess Royal.

 A 2,000-metre reverse circulation program is scheduled to begin the first week of December to test the anomalies.

Quick facts: Ausmex Mining Group Ltd

Price: 0.05 AUD

Market: ASX
Market Cap: $27.38 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ausmex Mining Group Ltd named herein, including the promotion by the Company of Ausmex Mining Group Ltd in any Content on the Site, the Company...


Ausmex Mining Group begins drilling for massive sulphides at Mt Freda in QLD

Ausmex Mining Group Ltd (ASX:AMG) managing director Matt Morgan updates Proactive Investors on the company's 15,000-metre drilling program now underway at its Mt Freda Complex in Cloncurry, QLD.   Morgan says that the program will include both reverse circulation and diamond...

on 13/5/19

2 min read