Augustus Minerals uncovers high-grade copper and silver at Ti-Tree project in WA
Augustus Minerals (ASX: AUG) has received high-grade copper and silver rock chip assays from field work over a strike length of more than a kilometre at the company’s 3,600 sq km Ti-Tree project in the Gascoyne region of Western Australia.
A new “Nero” zone at Ti-Tree has returned copper grades up to 3.1% from the 24 rock chips collected, with five of the samples assaying approximately 1%.
Along with the elevated copper assays, Nero returned up to 11g/t silver and 0.10g/t gold.
Mapping program
The new mineralised zone discovery was made during a program of mapping conducted by Augustus 3.7km along strike north-east of the Claudius prospect, where the company has received previous results of 6.6% copper and 86 parts per million silver.
Augustus has now identified mineralised north-east-trending structures Claudius, Nero and Tiberius at Ti-Tree and is on the search for more in the area.
The Tiberius prospect, located 8km to the north, has so far returned 236g/t silver, 35% copper and 20.5% lead.
Drilling plans
The current mapping and field work program continues to search for suitable drilling platforms to be included in the next stage of exploration.
Augustus is preparing for deep diamond drilling in the September-October period at the Minnie Springs copper-molybdenum porphyry prospects to test the core of the system for high-grade copper sulphide mineralisation.
The company is also awaiting results from an airborne versatile time domain electromagnetic survey flown over three areas within Ti-Tree in August, designed to test several quality targets with potential for copper-nickel-platinum group elements and zinc-lead-silver massive sulphide mineralisation, along with uranium.
The survey results are expected in mid-September.