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Augustus Minerals Limited (ASX:AUG)
ALERT: Price-sensitive ASX Announcement for AUG
Current share price for AUG : $0.039 0.005 (14.71%)+
Announcement
Release
11 Aug 2026 9:12AM
Price at Release
$0.034
Full Release
Summary
Augustus Minerals Limited has reported significant results from its recent drilling at the Music Well Gold Project in Western Australia, particularly at the Clifton East prospect. The drilling program revealed a high-grade gold shoot with the highest assay result being 19.5g/t Au. The project area is located within the large exploration package of the Leonora/Laverton Greenstone Belt, known for its rich gold deposits. The drilling intersected lithologies like granite and granodiorite, showing gold mineralisation associated with hematite and silica-carbonate-pyrite alteration. Future drilling programs are planned to further explore these promising high-grade zones.
Key Points
- High-grade gold shoot discovered with 19.5g/t Au assay.
- Located in the Leonora/Laverton Greenstone Belt, Western Australia.
- Gold mineralisation in granite and granodiorite.
- Associated with hematite and silica-carbonate-pyrite alteration.
- Further drilling programs planned to explore high-grade zones.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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