Augustus Minerals (ASX: AUG) has identified Two new prospects, Tiberius and Claudius, have returned high-grade copper and significant silver assays in rock chips from recent field work at the Ti-Tree Project, located 200km east of Carnarvon in Western Australia.
The mapping, supported by 26 rock chip samples, identified two areas containing mineralised veins and historic workings. Neither of these prospects are recorded on GSWA maps.
“These results highlight the potential of this underexplored area to host as yet undiscovered mineralisation. Less than 5% of the 3,600 sq km area of the Ti-Tree Project has had any previous exploration, and to discover unrecorded historic mining areas is very exciting. These results are a credit the Augustus geological team.,” Andrew Ford, GM Exploration, said.
Reconnaissance field work conducted on the Ti Tree Project’s northwestern tenement has discovered high grade copper and silver mineralisation in two areas. Tiberius, the northern target comprises a quartz-sulphide vein system up to 3m wide and outcrops for over 200m.
A shallow shaft has been dug on the vein system. Another vein set was identified 600m along strike east-northeast of the main vein increasing the potential size of the target. The high-grade veins contain both oxidized copper, high silver grades, lead sulphide and anomalous gold.
The Claudius prospect is located 10km to the southwest of Tiberius, comprised of quartz veined brecciated and silicified granite with mineralised veins mapped over a 100m x 300m area. The main area of outcropping mineralisation has been trenched by prospectors and rock chip sampling returned strong copper mineralisation in an iron rich siliceous vein. Silver was consistently elevated (up to 86g/t) with associated gold anomalism to 0.68g/t.
A programme of approximately 4,000 soil samples continues to progress. The sampling extends the existing soil sampled coverage. Samples are being collected on a nominal 100m x 400m regional grid, with more regional areas expanded to 100m x 800m. Work commenced in the western most zones with Moogooree and Howells Gap finishing at the 6-Mile prospect with first results expected in the coming weeks.
