ASX Announcement
25 January 2006
FURTHER STRONG GOLD MINERALISATION AT DUPLEX HILL SOUTH PROJECT, NEAR KALGOORLIE, WA
Australian Mines Limited (ASX: AUZ) is pleased to announce the results from recent drilling on the Woodline1 Resource (at Duplex Hill South Project), which is 30 km South East of Kalgoorlie and 7 km from the company’s Blair underground nickel mine.
Following the encouraging results from the previous RC drilling programme in September 2005 (which returned intercepts including 10m @ 7.08g/t and 9m @ 2.98g/t), a follow up programme of 12 RC holes for a total of 1314 metres was drilled, to determine the extent of the Woodline1 Resource along strike to the north and south.
Further strong gold mineralisation was encountered in six of the twelve holes, with best results including:
Commenting on the results, Australian Mines’ Chief Operating Officer Brett Young said, “We are very encouraged by the drilling success at Woodline, especially given the strong long term fundamentals for the gold market.
“Early signs point to Woodline 1 being a moderate-grade gold deposit at shallow depth, very close to existing infrastructure and to a skilled labour force.”
Interpretation of the latest drill results will be included in an updated resource model during the March quarter. Further drilling of this project will be conducted to follow up these promising results once mineralised trends have been modelled.
For further information, contact:
Brett Young
Chief Operating Officer
Tel: 08 9481 5811
Tabled below are significant intersections from the RC drilling program of December 2005:
The information in this report that relates to Exploration Results is based on information compiled by Mr M Elias who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Elias is employed by CSA Australia Pty Ltd and is a Non-Executive Director of AUZ. Mr Elias has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’
25 January 2006
FURTHER STRONG GOLD MINERALISATION AT DUPLEX HILL SOUTH PROJECT, NEAR KALGOORLIE, WA
Australian Mines Limited (ASX: AUZ) is pleased to announce the results from recent drilling on the Woodline1 Resource (at Duplex Hill South Project), which is 30 km South East of Kalgoorlie and 7 km from the company’s Blair underground nickel mine.
Following the encouraging results from the previous RC drilling programme in September 2005 (which returned intercepts including 10m @ 7.08g/t and 9m @ 2.98g/t), a follow up programme of 12 RC holes for a total of 1314 metres was drilled, to determine the extent of the Woodline1 Resource along strike to the north and south.
Further strong gold mineralisation was encountered in six of the twelve holes, with best results including:
- 2m @ 4.22 g/t Au
- 7m @ 3.23 g/t Au
- 1m @ 16.5 g/t Au
- 2m @ 9.99 g/t Au
- 12m @ 2.47 g/t Au, and
- 11m @ 3.27 g/t Au
Commenting on the results, Australian Mines’ Chief Operating Officer Brett Young said, “We are very encouraged by the drilling success at Woodline, especially given the strong long term fundamentals for the gold market.
“Early signs point to Woodline 1 being a moderate-grade gold deposit at shallow depth, very close to existing infrastructure and to a skilled labour force.”
Interpretation of the latest drill results will be included in an updated resource model during the March quarter. Further drilling of this project will be conducted to follow up these promising results once mineralised trends have been modelled.
For further information, contact:
Brett Young
Chief Operating Officer
Tel: 08 9481 5811
Tabled below are significant intersections from the RC drilling program of December 2005:
| Hole Id | North (m) | East (m) | Rl (m) | Azi deg | Dip deg | From (m) | To (m) | Intercept (m) | Grade (g/t) |
| AMRC85 | 6569083 | 384212 | 383 | 270 | -55 | 53m | 54m | 1m | 3.39g/t |
| AMRC55 | 6569102 | 384212 | 383 | 270 | -55 | 21m | 23m | 2m | 4.22g/t |
| 48m | 51m | 3m | 1.30g/t | ||||||
| AMRC56 | 6569103 | 384228 | 383 | 270 | -55 | 48m | 53m | 5m | 1.99g/t |
| AMRC68 | 6569162 | 384269 | 383 | 270 | -55 | 36m | 37m | 1m | 5.12g/t |
| 50m | 57m | 7m | 3.23g/t | ||||||
| include | 50m | 51m | 1m | 16.5g/t | |||||
| AMRC69 | 6569182 | 384276 | 383 | 270 | -55 | 50m | 52m | 2m | 2.26g/t |
| AMRC71 | 6569195 | 384291 | 383 | 270 | -55 | 47m | 49m | 2m | 2.26g/t |
| 52m | 54m | 2m | 2.01g/t | ||||||
| AMRC89 | 6569196 | 384308 | 383 | 270 | -55 | 49m | 61m | 12m | 2.47g/t |
| AMRC92 | 6569219 | 384323 | 383 | 270 | -55 | 48m | 59m | 11m | 3.27g/t |
The information in this report that relates to Exploration Results is based on information compiled by Mr M Elias who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Elias is employed by CSA Australia Pty Ltd and is a Non-Executive Director of AUZ. Mr Elias has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’
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