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Australian Mines Limited (ASX:AUZ)

ALERT: Price-sensitive ASX Announcement for AUZ
Current share price for AUZ : $0.024 0.009 (60%)+
Announcement
Release
10 Mar 2026 8:27AM
Price at Release
$0.015
Full Release
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Summary
Australian Mines Limited has announced the results of its Boa Vista Gold Project drilling program, which indicate significant potential for the expansion of the gold system. The strongest drill intercept at Boa Vista to date was recorded, with VGADD0010 returning 195.3 gram-metres, highlighting the potential scale of the project. The drilling extended the mineralised envelope both down dip and along strike, offering substantial opportunities for expansion with further exploration. The report indicates that drilling has so far confirmed broad intervals of gold mineralisation with higher-grade zones, consistent with the company's exploration model. Further assays are pending, and there is substantial potential for mineralisation extension along strike and down dip.
Key Points
  • Strongest drill intercept recorded at Boa Vista to date with 195.3 gram-metres.
  • Mineralised envelope extended both down dip and along strike.
  • Potential scale of a bulk-tonnage gold system highlighted.
  • Broad downhole intervals of gold mineralisation confirmed.
  • Further assays pending with potential for system expansion.
  • Only a limited number of holes drilled at VG1 prospect to date.
  • Potential for additional parallel mineralised zones identified.
  • Drilling recommenced to test VG1 strike extensions to the northwest.
  • VG1 prospect hosts a historic inferred resource of 336,000 oz at 1.23 g/t Au.
  • Potential for a low-cost, long-life open-pit gold operation.
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.