Augustus Minerals (ASX:AUG) has received Program of Work (PoW) approval from the WA Department of Mines, Industry Regulation, and Safety (DMIRS) for drill testing at its Crawford Bore prospect in Western Australia.
The $38.11 million market capitalisation company says preparations for drilling are well underway, with a reverse circulation (RC) program expected to begin during Q3 2023.
Crawford Bore, which forms part of the wider Ti Tree Project, is a ‘key’ target for the company’s 2023 drilling season, with extensive ground reconnaissance of the area completed by management alongside consulting geologists and support staff from OmniGeoX.
This news comes after Augustus reviewed all of the available data for copper mineralisation around the intersection of the Ti-Tree Shear and the Money Intrusion in the western portion of the tenement package.
Augustus says the reviewed data highlights the scale potential of the 8km-long and 3km-wide predominant copper-gold (Cu-Au) mineralised zone.
Some of the top grades from rock chips in the project area include 34.90% Cu, 26% Cu, 21.80% Cu, 245g/t Au, 115g/t Au, and 31.20g/t Au.
The company adds that 34 samples returned copper grades greater than 1%, and 21 samples returned grades greater than 1g/t Au.
Augustus Minerals is a mineral exploration company focused on exploring for critical minerals vital for the advancement of electric vehicles and renewable energy. The company owns 3,600km-square of tenements in the Gascoyne region of Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Augustus Minerals Ltd
