18th October 2006
Best result was an intersection containing:
EXPLORATION UPDATE: GOLDEN RIDGE JV, WA
Australian Mines Limited (ASX: AUZ) is pleased to announce the results of the recent drilling programme at the Golden Ridge Joint Venture, located in the region surrounding the Company’s Blair Nickel mine near Kalgoorlie, WA.
Joint venture partner Pioneer Nickel Limited managed the RAB drilling programme totalling 80 holes for 3,640m. The programme identified two new ultramafic contact surfaces and the accurate location of a third.
Best result was an intersection containing:
- 2m at 0.69% Ni and 0.08% Cu
RAB drilling is continuing, with another 60 holes planned for the current quarter.
Pioneer has the right to earn an initial interest of 51% of the project by funding $2.25 million on exploration.
A 3000m RC drilling programme is set to commence in early November to test extensions to the Blair South deposit.
For further information contact:
Brett Young
Chief Operating Officer
Australian Mines Limited
Tel: 08 9481 5811
For media enquiries contact:
Robert Williams
Farrington National
Tel: 02 9332 4448
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