Augustus Minerals Limited uploaded a News Release
January 29, 2024
Copper-Silver-Molybdenum intersected in Drill Program at Ti-Tree
Highlights:
- 78 RC holes for 9,086m completed, drilled across 6 project localities
- First drilling at Minnie Springs has intersected mineralisation, geology and alteration consistent with the zones of a porphyry copper system
- Strong results received from the first 22 holes drilled into the Minnie Springs copper project, including intercepts of:
- MSRC012: 18m @ 0.52% CuEq(0.37% Cu and 9.7 g/t Ag) from 94m downhole, and;
- 16m @ 0.69% CuEq (0.38% Cu and 19.4g/t Ag) from 121m downhole
- MSRC022: 7m @ 0.19% Cu from 87m downhole
- MSRC011: 7m at 0.12% Cu from 21m downhole
- MSRC012 mineralisation contained significant base metal and silver including:
- 5m @ 27.6 g/t Ag, 0.25% Pb and 0.15% Zn with 148 ppm Mo from 107m, and
- 14m @ 21.5 g/t Ag, 0.18% Pb and 0.1% Zn with 274ppm Mo from 122m
- Copper mineralization at Minnie Springs comprising disseminated and quartz vein hosted chalcopyrite in moderate to strongly epidote-chlorite (propylitic) altered host rocks
- Copper Ridge CRRC008 returned:
- 4m @ 0.91% Cu from 13m
- Including 2m at 1.67% Cu
- 4m @ 0.91% Cu from 13m
- 2024 drilling at Minnie Springs to include further RC and DDH drilling to commence in Q1 or early Q2 2024