Ausmex Mining Group continues its successful run of recent RC drilling, with further high-grade copper results intersected by a recent maiden scout exploration at "The Trump" mining lease, ML 2549. The additional drilling results add ~ 100m of strike length to the previously reported 60m @ 1.30 % copper.
Currently the mineralisation is open along strike and down dip.
To date, 10 of the total 16 RC holes have been validated and interpreted, with the remaining six RC holes due for validation and interpretation shortly.
From the initial drilling results and interpretation to date, the project appears to have the potential to host a high-grade copper deposit of sizeable scale.
"The Trump" granted Mining Lease is a historical high-grade Copper mine located approximately 50kms south of Cloncurry, Queensland.
"The Trump" mineralisation outcrops at surface as an apparent north-east trending strongly ferruginous and box-worked gossan.
Initial drilling suggests a potentially steep south-east dipping structure within undifferentiated mafic country rock.
High-grade copper mineralisation appears directly associated with a quartz and iron rich fault system with significant fault gouge. Copper oxide mineralisation extends from the surface to variable base of weathering depths, with malachite observed at depths of up to 65m depth along faulting. A lower grade Copper halo appears to exist within the "oxide zone" dispersing into surrounding country rock.
Stepping away from the main fault, the weathering profile decreases in depth, with chalcopyrite as the dominant Copper-sulphide mineral observed, where the structure has been tested below the base of weathering.
Drilling to date is limited to ~300m strike extent and has been relatively shallow with the system remaining untested at depth.
"Drilling at 'The Trump' has continued to deliver, with the second set of results clearly defining the project has the potential to deliver a sizeable copper deposit that is open along strike and down dip", said Managing Director Matt Morgan.
"The additional high- grade results confirm Ausmex has now three standalone high-grade copper projects including 'The Trump', 'The Joker' and 'The Answer'."