ASX Announcement – High Grade Gold Assays

Posted on Posted in AUML Updates

High Grade Gold Assays (up to 49.4 g/t Au)

Returned from Rock Chip Samples Collected During Mapping of Old Mine Workings at Forsayth

Australia United Mining Limited (“the Company” or “AYM”) is pleased to present results from mapping and rock chip sampling conducted over AYM’s tenements at Forsayth in North Queensland. Fifty-one gold mines and mineral occurrences are known to lie within the tenements held by AYM (EPM14998, ML3417, ML3418) (Figure 1). The bulk of the gold deposits around Forsayth are Early Devonian shear-hosted lodes that may have steep or shallow dipping orientation and often lie on kilometre scale structures.

In December and January, mapping and sampling of the Lady Franklin, Canadian West and All Nations mine workings was conducted. All three sites lie within three kilometres… (Click here to read more)