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Company Announcement: AusAmerican drills shallow high grade Cu/Au/Ag at Blue Bell

29th May 2013

By: Creamer Media Reporter

  

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Australian-American Mining Corporation Limited  (0.66 MB)

United States-focused diversified explorer Australian-American Mining Corporation Limited is pleased to announce further results from the maiden drilling program at the Blue Bell project in Arizona, which continues to return copper/zinc/gold/silver intersections. Commenting on the latest results of the drilling program, AusAmerican Managing Director Mr Richard Holmes said: “The final results from the Phase 1 drill program further extend the mineralised system further to the South. Furthermore drill hole BBRC13004 has returned a high grade precious metal intersection which includes the highest gold and silver results received to date. ”

Drill holes BBRC13004 to BBRC13006 were designed to test the mineralised system to the south of the old workings known as the “Main” shaft. The drill holes demonstrate that high grade copper/gold/silver is present in two lenses and extends the drilled mineralisation by 200m. Hole BBRC13005 was terminated in a mining void and may not have intercepted both lenses. Drill hole BBRC13006 intercepted an intrusive rock which is interpreted to strike east-west. All results from the initial drilling program have now been received. The program consisted of 26 holes for approximately 5,300 metres of RC drilling, of which 23 are mineralised. The company is currently working on data compilation/interpretation and expects to release further information to the market shortly.

 

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