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The company released the findings of its latest drilling results which found elevated levels of nickel, and of further encouraging gravity-survey results at it’s high-grade gold deposits. Further drilling is expected to commence in August 2008 with the main aim being to establish JORC compliant gold reserves suitable for mine planning and production.
Additional metallurgical studies are being carried out with preliminary results indicating the potential to increase gold recovery from 70% to approximately 98%. Ongoing testwork should be completed in August 2008 after which final processing plant configuration can be established.
For More Information Contact:
Ausminerals Limited11/35 Old Northern Road,
Baulkham Hills, NSW 2153
Phone: 02 96399599
Fax: 02 96399566
Email: