• Five horizontal reconnaissance channels sampled, three returned high-grade mineralisation across ~100 m strike at the newly defined Biota Zone
• Channel samples within the Biota Zone include: 2.0 m @ 52.10 g/t Au, 7.0 m @ 7.88 g/t Au, and 4.0 m @ 9.17 g/t Au
• The Biota Zone represents a new discovery not identified by historical drilling or trenching

Australian Mines Limited (ASX: AUZ) is pleased to report results from reconnaissance channel samples completed across a newly identified mineralised zone proximal to, but outside of the historical VG1 resource at the Boa Vista Gold Project. Five horizontal reconnaissance channels were sampled, with three returning high-grade mineralisation across approximately 100 metres of strike at the newly defined Biota Zone. Channel samples within the Biota Zone include CHANNEL_0001: 2.0 m @ 52.10 g/t Au, CHANNEL_0002: 7.0 m @ 7.88 g/t Au, and CHANNEL_0003: 4.0 m @ 9.17 g/t Au. The Biota Zone represents a new discovery not identified by historical drilling or trenching, with drill hole VGD-007-11 and Trenches 5 and 10, although collared nearby, interpreted to have passed above the sub-cropping Biota mineralisation. The high-grade channel exposures were collected from oxidised, sheared, fine-grained felsic volcanic saprolite in contact with coarser granodiorite, associated with silicification and quartz veining. The Boa Vista Gold Project is subject to an Earn-in Option Agreement, and the planned 3,000-metre diamond drilling program is expected to commence after shareholder approval is obtained.