AusAmerican Mining hits high-grade massive sulphide at Blue Bell

THE DRILL SERGEANT: Australian-American Mining Corporation (ASX: AIW) has recorded its best drilling intercept to date from the maiden drilling program being conducted at the company’s Blue Bell project in Arizona.

The latest Blue Bell drilling result has returned high-grade copper-gold-silver mineralisation of:

–    17 metres at 4.5 per cent copper equivalent (CuEq) (2.1 per cent copper, 2.1 grams per tonne gold, 38 grams per tonne silver and 0.9 per cent zinc) from 239 metres.
 
The mineralisation includes a high grade core of:

–    8m at 6.6 per cent CuEq (3.2 per cent copper, 3.4g/t gold, 50g/t silver and 0.8 per cent zinc) from 245m.
 

The mineralisation remains open at depth.

 

Source: Company announcement

 

“Drill hole BBRC13011 is a significant result and demonstrates that high-grade massive sulphide mineralisation exists as well as lower grade material,” AusAmerican managing director Richard Holmes said in the company’s announcement to the Australian Securities Exchange.

“The hole is located to the northeast of another high-grade intercept, BBRC13009, which gives encouragement that significant areas of high grade mineralisation were left untouched by previous mining.”