Australian Mines Limited (“Australian Mines” or “the Company”) is pleased to advise shareholders that the Company’s recently completed reverse circulation (RC) and diamond core drill program has successfully intersected a thick corridor of disseminated iron sulphides (pyrite +/- pyrrhotite) within the targeted dolerite geology at its Dixon gold prospect – part of its joint venture with Riedel Resources (ASX: RIE).
Iron sulphides are often intimately associated with gold mineralisation across the Eastern Goldfields of Western Australia, including at KCGM’s Super Pit Gold Mine in Kalgoorlie, which like Australian Mines’ Dixon mineralisation, is similarly hosted within a dolerite unit.
Geological logging of the diamond drill core and RC chips from the Company’s latest drill program indicates that this sulphidic corridor at Dixon is at least 120 metres thick and is continuous for more than 400 metres in length.