RSS   Newsletter   Contact   Advertise with us

Australian Mines gets support from WA gov't for diamond drilling

Staff writer ▼ | June 13, 2016
Australian Mines said the Government of Western Australia has agreed to co-fund a proposed diamond core drilling program at Dixon up to an amount of $105,000.
Australian Mines
Mining Down Under   Competitive Exploration Incentive Scheme
This funding, which was awarded under the Government’s competitive Exploration Incentive Scheme, covers 50% of the direct drilling costs associated with Australian Mines’ proposed 1,200 metre diamond drill program at its emerging Dixon gold prospect, located within 50 kilometres of Northern Star’s Plutonic Gold Mine.

The location of the proposed diamond holes is currently based on detailed geological and geophysical modelling recently undertaken by Australian Mines.

However, the final design of this drill program is anticipated to be influenced by the results of the company’s reverse circulation (RC) drilling program, which was successfully completed.

With the samples from this recent RC drilling presently en route to the lab, Australian Mines anticipates receiving initial assay results in the next two weeks at which point the company will update shareholders on the details and timing of its follow-up exploration program.