AusAmerican drills copper-zinc-silver-gold intersections at Blue Bell

THE DRILL SERGEANT: Australian-American Mining Corporation (ASX: AIW) has received the latest results from the on-going maiden drilling program being carried out at the company’s Blue Bell project in Arizona.

The company has been encouraged by the drilling, which it said has continued to return copper-zinc-gold-silver intersections.

“These further positive Phase 1 drill results extend the mineralised system further to the North,” AusAmerican managing director Richard Holmes said in the company’s announcement to the Australian Securities Exchange.

“The VMS system appears to be exhibiting metal zonation, which is a common characteristic and is possibly becoming zinc dominant towards the North.”

The latest holes have returned the following intercepts:

The company explained the drill holes BBRC13013 to BBRC13018 were designed to test the northern extent of the mineralised system and to drill around the old workings known as the Blue Bell shaft.

AusAmerican considers the latest drill holes to have demonstrated that moderate widths of mineralisation are present.

The results returned also include a number of zinc dominated intersections.

 

NB: Intervals are down hole widths. Copper equivalent grades are
presented for the zinc and/or precious metal dominated holes for
consistency of reporting. Source: Company announcement

 

The initial drilling program, which finished earlier this month, consisted of 26 holes for approximately 5,300 metres of RC drilling.

To date the company has received results from 23 holes; 21 of which are mineralised.

AusAmerican said it expects the remaining results to be returned before the end of May and that work will commence on the calculation of a maiden resource once all results have been received.