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Australian Mines begins resource extension drilling at Flemington

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GetRich902902   Wednesday, 10/16/19 10:44:14 AM
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Australian Mines begins resource extension drilling at Flemington in NSW

The drilling program is designed to extend the high-grade cobalt mineralised zone with about 10,000 metres of resource drilling planned over the next three months.

Australian Mines Ltd (ASX:AUZ) has initiated the largest resource extensional drilling program to date at the Flemington Cobalt-Nickel-Scandium Project in New South Wales.

This new drilling program follows the successful resource expansion drilling at the Flemington project which resulted in a tripling of the cobalt mineralisation footprint and confirmed that the project’s high-grade cobalt zone continues to remain open along strike.

Up to 10,000 metres of drilling is planned in this resource extensional drilling program and is primarily targeting extensions of the high-grade cobalt mineralised zone, including continuity of the project’s existing resource.

Managing director Benjamin Bell said: “This latest phase of extensional drilling at Flemington represents the largest program ever completed over the project area and is a clear indication of Australian Mines’ confidence in the project’s ability to represent a future potential second production source of nickel and cobalt sulphate.

“Our previous drilling program had already tripled the cobalt mineralisation footprint and the current project has the potential to further increase the cobalt mineralisation footprint as well as provide a strong foundation from which a large-scale economic resource may evolve.”

https://www.proactiveinvestors.com.au/companies/news/903948/australian-mines-begins-resource-extension-drilling-at-flemington-in-nsw-903948.html



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