- Assay results returned of 1.0m samples from March drilling program
- Results generally similar to the original 4.0m composite samples
- Similarity indicates uniform distribution of gold throughout samples
- Diamond drilling program due to commence in next few weeks
Augustus Minerals (ASX:AUG) is fast-tracking follow-up drilling at the Music Well gold project in WA after receiving positive new assay results.
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Assay of 1.0m samples from the March 2026 drilling program at the Clifton East prospect identified several intervals which returned higher individual gold grades, including 7.90 grams per tonne (g/t) gold.
Andrew Ford, GM of exploration, said the 1.0m sample assays have more clearly defined the wide zones of mineralisation – in some cases displaying higher grade intervals within similar grading broader mineralised zones.
“This reflects fairly uniform, non-nuggety gold, that makes estimation of grade less of an issue going forward. The 7.90 g/t single metre assay from 37-38m in hole MWRC0006 also illustrates the potential of the prospect to host higher grade shoots.”
The first ever drilling program was completed on the high priority Clifton East prospect in mid-March with 1,100m drilled from 11 holes.
The recently completed second program comprised drilling of another 11 holes for a total of 1650m.
Augustus now has drill coverage over 400m of a 1.2 km long soil gold anomaly with spacing of drill lines of 40m in the west and 80m in the east.
The new drilling to 150m depth and nominal -55 degree dip has extended further into fresh rock than the first program, which should provide valuable mineralogical and alteration information as well as fresh rock gold grade.
Assays from the new program have been submitted to the laboratory in Kalgoorlie and results are expected within five weeks.
A small diamond drilling program is to test the mineralised zones defined in the first RC program and is due to commence in the next few weeks pending access due to some recent weather.
Mr Ford said this drilling will help firm-up the dip of the mineralisation and provide valuable alteration and structural information.
AUG is up 2.78% to 3.7c. Mkt Cap $9.03M.
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