Auric Mining Limited (ASX: AWJ) has received positive results from a small RC drilling programme recently completed at the Fugitive Prospect at its Spargoville Project in Western Australia.
Geological logging and interpretation of the new holes show that lithological contacts and mineralisation controls dip to the west. Most of the historic drillholes were also inclined to the west but would have been more effective at defining mineralised geometry if drilled to the east. Nevertheless, the historic drillholes identified a zone of supergene (ie, remobilised) mineralisation in weathered rock. The current drilling which targeted mineralisation in fresh rock has defined significant mineralisation at a 0.5g/t Au cut-off beneath the supergene.
The significant assays occur within a gold mineralised envelope confined to a basalt unit and defined by gold concentrations above 0.1g/t Au. The mineralised envelope has barely been tested in fresh rock.
“The Fugitive Prospect is midway between two prominent, high-grade gold deposits; Wattle Dam and Spargos Reward at Spargoville. Our first-pass drilling has highlighted similarities with both deposits. We’re looking forward to the next phase when we will get the opportunity to test that model,” Managing Director, Mark English, said.
Fugitive Prospect Drilling
The Fugitive Prospect lies within Auric’s Spargoville Project centred four km west of the Coolgardie-Esperance Highway and 35km southwest of Kambalda. It is outlined by a large and prominent auger-soil anomaly and was targeted by previous explorers with RAB, Aircore and shallow RC holes.
