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Australian Mines Limited (ASX:AUZ)

ALERT: Price-sensitive ASX Announcement for AUZ
Current share price for AUZ : $0.024 0.004 (20%)+
Announcement
Release
21 Jan 2026 8:27AM
Price at Release
$0.020
Full Release
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Summary
Australian Mines Limited announced encouraging assay results from its initial drilling campaign at the Boa Vista Gold Project in Brazil. The assays from the first three diamond drill holes confirm broad zones of gold mineralisation with higher-grade internal intervals. Notably, one drill hole returned 120 meters at 1.34 g/t gold, marking the second-highest gram-metre result at the site. The program, designed to test the continuity of mineralisation, is still pending results from eight more holes. These findings are expected to be integrated into ongoing geological interpretations and will guide future exploration and drilling efforts to further define the resource potential at Boa Vista.
Key Points
  • Australian Mines Limited reports initial assays from Boa Vista Gold Project in Brazil.
  • Drilling results confirm broad zones of gold mineralisation with high-grade internal intervals.
  • Significant results include VGADD0002 with 120 meters at 1.34 g/t Au and VGADD0001 with 54 meters at 1.15 g/t Au.
  • The drilling program comprises 11 holes; assays for 3 holes received and 8 pending.
  • Results indicate potential for a continuous mineralised system and support further exploration.
  • Future steps include integrating results into geological interpretation and assessing further drilling priorities.
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.