- Mineral exploration company Ausmon Resources (AOA) has commenced drilling at the Eaglehawk Prospect in Broken Hill, New South Wales
- The drill rig has arrived at the site and will drill an initial 1200 metres across four reverse circulation and diamond core holes
- Drilling will test targets from the recently completed induced polarisation survey
- On the market this afternoon, Ausmon is in the grey and trading at 0.9 cents per share
Ausmon Resources (AOA) has commenced its drilling program at the Eaglehawk Prospect in Broken Hill, New South Wales.
The drill has arrived on site and will drill an initial 1200 metres across four reverse circulation and diamond core holes.
The holes will be approximately 250 metres to 350 metres deep to intersect the targets.
Drilling will test targets from the recently completed induced polarisation survey.
The Eaglehawk Prospect is located in an area of very little outcrop and recent cover sediments of variable thickness. According to the company, results from the IP survey show that the prospect is an exciting area to explore for base metals.
“The IP resistivity models suggest there is a conductive surface layer of up to 50 m thickness over most of the Eaglehawk area. Below this layer the basement is resistive,” the company told the market today.
Last week, the Department of Primary Industry registered Ausmon’s application for a new 14-block tenement in New South Wales.
The McAlpine tenement is located immediately west of the company’s granted Brungle Creek tenement.
On the market this afternoon, Ausmon is in the grey and trading at 0.9 cents per share at 12:48 pm AEDT.