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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
6 Jul 2026 8:32AM
Price at Release
$0.020
Full Release
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Summary
Australian Mines Limited expands its exploration efforts at the Boa Vista Gold Project in northern Brazil, with a focus on 14 new prospective gold targets beyond the previously successful VG1 drill site. Four key targets—Baixão, Zé do Leicha, Almir, and Jair—are prioritized for advancement towards drill-ready status, leveraging gold-in-soil anomalies, historical artisanal workings, and favorable geological conditions. The exploration is situated within the Tapajós Gold Province, a region with geological characteristics akin to the Birimian terranes of West Africa, suggesting significant untapped potential for gold mineralization. The VG1 prospect itself has shown a broad, near-surface mineralized system, reinforcing the potential for district-scale gold exploration.
Key Points
  • 14 new gold targets identified at Boa Vista
  • VG1 drilling success underpins broader exploration
  • Four priority targets: Baixão, Zé do Leicha, Almir, Jair
  • Boa Vista situated in Tapajós Gold Province, Brazil
  • Geological similarities with West African Birimian terranes
  • VG1 shows a broad, near-surface gold-mineralized system
  • Focus on district-scale exploration
  • Stream sediment sampling planned for underexplored areas
  • Artisanal workings indicate multiple gold sources
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.