Augustus Minerals (ASX: AUG) has completed its maiden drilling campaign at its wholly-owned Ti-Tree project in the Gascoyne region of Western Australia.
The drilling campaign included 78 holes totaling 9,086m of reverse circulation (RC) drilling. The programme consisted of discovery drilling only and was designed to confirm historical results and to test near surface mineralization at depth and along strike, with drilling having been limited to approximately 70m vertical depth.
Andrew Reid, managing director, commented, “Our maiden drilling campaign following the IPO in May 2023 is now completed and has been a great success. The campaign was designed to test for mineralization both at near surface and at depth and resulted in visually identifying mineralization/veining in the majority of drill holes at our Minnie Springs copper-molybdenum-gold project.”
“Minnie Springs could represent a sizeable porphyry hosted copper deposit with the next step to be the completion of drilling in the remaining 50% of the copper-in-soil anomaly yet to be tested during the next drilling campaign in Q1 2024,” Reid added.
Further, Augustus has reported that the northern-most line at Minnie Springs intersected multiple zones of copper sulphide mineralization co-incident with chlorite-epidote alteration in hole MSRC012, which is characteristic of propylitic alteration commonly seen in in porphyry copper-molybdenum-gold deposits.
To find out more, please visit www.augustusminerals.com.au
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