- Ausmon Resources (AOA) has completed a drilling program at the Eaglehawk prospect in New South Wales
- The four-hole program tested chargeability targets that were identified during a survey late last year
- The first batch of samples have been received by the lab, with the second batch expected to be sent in the next few days
- Additionally, Ausmon’s subsidiary, New Base Metals, is set to be granted three exploration licences near Broken Hill
- The company plans to review historical data, execute access agreements and conduct exploration and drilling
- Ausmon ended the day 10 per cent in the green with shares closing at 1.1 cents
Ausmon Resources (AOA) has completed a diamond core and reverse circulation drilling program at the Eaglehawk prospect in New South Wales.
The four-hole program began in the middle of March and aimed to test chargeability targets. These targets were identified from an induced polarisation survey completed in September last year.
This survey was conducted across the EL 8745 permit to test a 1.5-kilometre base metal exploration target, which was identified from historical rotary air blast drilling.
The first batch of 193 samples has already been received at the lab, and a final batch of core samples will be prepared in the next few days for dispatch.
In addition, Ausmon’s subsidiary, New Base Metals, is set to be granted three exploration licences which it applied for in February. The tenements include the Enmore, Eureka and Mount Darling permits which are located in the Broken Hill area of New South Wales.
Each licence has been granted for a five-year term during which time New Base Metals plans to review historical data, execute access agreements, and conduct exploration and drilling.
Ausmon ended the day 10 per cent in the green with shares closing at 1.1 cents.