EXPLORATION & DEVELOPMENT

Ausmex targeting more gold and cobalt near Cloncurry

YOSSE Goldberg-chaired Ausmex Mining Group has reported diamond core drill results that it says confirm further high grade gold mineralisation at Mt Freda near Cloncurry in Queensland, with funding for further drilling due next week from the A$2.5 million sale of a gold ore stockpile to CopperChem.

Ausmex drill campaign in 2017.

Ausmex drill campaign in 2017.

Better gold hits below the base of a previously mined open cut included 3m grading 8.4 grams per tonne and 3m at 10.7gpt from depths of around 160-170m, with Ausmex suggesting gold grades appear to be...

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