Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Auric Mining Ltd.
Project name: Munda
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4m @ 4.5g/t Au from 14m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Auric Mining Limited (ASX:AWJ) (Auric or the Company) is pleased to announce the results of a second program of RC drilling at its Guest Prospect. The drilling followed from a program completed in August 2021 which identified significant gold mineralisation in 4 holes including 8m @ 3.95g/t Au from 37m depth in AGRC002 and 2m @ 20.44g/t Au from 59m depth in AGRC004. The latest program comprised 25 holes for 1824m and was drilled to a nominal 50m x 25m hole spacing. Results included 4m @ 4.50g/t Au from 14m depth in AGRC018, 3m @ 5.25g/t Au from 53m depth in AGRC026 and 4m @ 3.68g/t Au from 80m depth in AGRC029. Significant mineralisation at a 0.5g/t cut-off, over widths of at least 3m was intersected along 7 of the 10 drill traverses representing a 300m strike length but with mineralisation showing only limited continuity in cross sections. Gold mineralisation has been defined from surface to a vertical depth of 85m and remains open to the northeast, including beneath very shallow mineralisation in AGRC013 which returned 4m @ 1.40g/t Au from 19m depth
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