Yargarma

The Company's Yargarma project covers 172 square kilometres of highly prospective ground, situated 350 kilometres northwest of Nigeria's capital city, Abuja.

Australian Mines recently completed a high-resolution aeromagnetic and radiometric survey over the entire Yargarma project area.  This airborne survey was designed to accurately map the geological structures known to host gold mineralisation within this region of the Nigerian goldfields.

Outcropping gold mineralisation within Yargarma project area

The final interpretation and modelling of both the aeromagnetic and radiometric datasets is anticipated to be received by Australian Mines in July.

Australian Mines also completed a detailed soil sampling program at Yargarma.  Geochemical samples were taken on a nominal 100 metre by 20 metre grid over full length of interpreted shear zone with the Company's Yargarma project area.  All samples are presently with an independent assay laboratory in Ghana.  With the Company expecting the final assays from this geochemical sampling survey in July.