Amara Minerals (ASX:AM3) has completed its initial diamond drilling program at the Lauriston Gold-Antimony Project in Victoria and relocated the rig to its Apollo Project.
The company drilled 20 holes for 3,907.5m across the Comet and Yankee-Trojan prospects. This comprised eight holes for 1,852.7m at Comet and 12 holes for 2,054.8m across the Yankee-Trojan area.
All samples have been submitted for photon assay to assess the presence of coarse gold.
Previously reported results from Comet include 9.8m @ 2.76 grams per tonne gold (Au) from 90.9m in hole AC2502, including 0.7m @ 27.10g/t Au. Hole AC2504 intersected 1m @ 3.09g/t Au from 166.6m.
All six assayed holes at the prospect intersected the Comet Shear and returned ‘well-developed’ arsenic halos.
Amara says the geology is consistent with Fosterville-style epizonal gold-antimony systems, with mineralisation associated with arsenopyrite, pyrite, stibnite, and quartz veining.
Meanwhile, initial diamond assays from the New Trojan discovery confirmed antimony-gold mineralisation across several holes.
Results include 6.5m @ 0.86% antimony (Sb) and 0.59g/t Au from 142.6m in hole AY2610 and 1.9m @ 0.48% Sb and 0.88g/t Au from 103.3m in AY2608.
Separate sampling of historical diamond hole CND03 at Comet previously returned 0.89m @ 2.24% Sb and 1.26g/t Au from 177.24m. This included 0.1m @ 10.30% Sb and 3.22g/t Au from 177.85m.
Soil geochemistry has delineated a gold-antimony trend extending for more than 4.5km between Comet and Trojan, with three mineralised corridors interpreted along the Comet Anticline.
Lauriston covers 287km² within Victoria’s Bendigo Zone and lies along strike from the Fosterville Gold Mine, operated by Agnico Eagle Mines (NYSE:AEM). The project area has recorded historical production of about 233,000 ounces @ 20.70g/t Au.
Amara says it is planning follow-up drilling at Trojan to test the antimony mineralisation at depth and along strike. In the meantime, the drill rig has moved to Apollo, where drilling is targeting extensions to previously identified mineralisation.
The company held $2.08 million in cash as at 30 June 2026 and completed a $2.2 million placement in June to fund exploration across its Victorian portfolio, as reported by Mining.com.au.
Amara Minerals is a gold and antimony exploration and development company focused on its wholly owned Lauriston and Apollo projects in Victoria, which cover a combined 389km² across the Bendigo and Melbourne geological zones.
Write to France Pinzon at Mining.com.au
Images: Amara Minerals
