Australian Mines confirms extensive sulphidic corridor at Dixon
THE DRILL SERGEANT: Australian Mines (ASX-AUZ) has completed reverse circulation (RC) and diamond core drill program, which has intersected a thick corridor of disseminated iron sulphides (pyrite +/- pyrrhotite) within the targeted dolerite geology at the company’s Dixon gold prospect in Western Australia.
Dixon is part of Australian Mines’ joint venture with Riedel Resources (ASX: RIE).
The company explained iron sulphides are often associated with gold mineralisation across the Eastern Goldfields of Western Australia, citing examples such as KCGM’s Super Pit Gold Mine in Kalgoorlie, which like the Dixon mineralisation, is similarly hosted within a dolerite unit.
The geological logging of the diamond drill core and RC chips from the latest drill program indicates this sulphidic corridor at Dixon to be around 120 metres thick and is continuous for more than 400 metres in length.
Both these dimensions remain open, Which Australian Mines says suggests that Dixon’s size could further expand as it completes additional drill programs in the coming months.
“Australian Mines’ discovery of a wide and laterally continuous sulphidic corridor at Dixon is highly significant as it confirms that a large-scale fluid flow, and potentially gold mineralising event has occurred within the company’s prospect area,” Australian Mines managing director Benjamin Bell said in the company’s announcement to the Australian Securities Exchange.
“The fact that visible gold was observed within the diamond drill core from Dixon together with the high-grade gold zone, which was previously intersected within hole MMRC016, indicates that at least some of this incoming fluid is gold-bearing.
“In light of these positive results, Australian Mines remains confident that its Dixon prospect represents an emerging greenfields gold discovery in a proven gold province of Western Australia.
“The company has therefore committed to undertaking the next phase of drilling as soon as practicable and we look forward to providing details of this drill program to shareholders as well as the assay results from the recently completed drill program as soon as this information becomes available.”
Email: office@australianmines.com.au
Website: www.australianmines.com.au