Augustus Minerals Limited (AU:AUG) has released an update.
Augustus Minerals Limited has revealed promising results from re-analysis of historical data and recent drilling at the Minnie Springs project, indicating potential extensions to near-surface molybdenum zones and higher-grade copper-molybdenum zones deeper underground. The company’s geological models suggest that the mineralization at Minnie Springs, which hosts porphyry-related copper-molybdenum deposits, could be linked to a larger system influenced by the Minga Bar fault. Augustus Minerals is planning to drill two additional holes with EIS funding to further explore these higher-grade zones.
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