First assays reveal strong, broad gold mineralisation
| Stock | Australian Mines Ltd (AUZ.ASX) |
|---|---|
| Release Time | 21 Jan 2026, 8:27 a.m. |
| Price Sensitive | Yes |
First assays reveal strong, broad gold mineralisation
- VGADD0002 returned 160.8 gram-metres, the second-highest result at Boa Vista
- Broad zones of gold mineralisation with higher-grade internal intervals
- Remaining 8 holes pending, further updates to be provided
Australian Mines Limited (ASX: AUZ) reported assay results for the first three diamond drill holes from its 11-hole 2025 drilling campaign at the Boa Vista Gold Project in Brazil. The results confirm broad, continuous gold mineralisation within the interpreted mineralised envelope and support the Company's objective of defining the geometry and continuity of the mineralised system. Highlights include VGADD0002 returning 160.8 gram-metres, the second-highest gram-metre result reported at Boa Vista to date, with 120m @ 1.34 g/t Au from 117m, including 16m @ 3.53 g/t Au. Other notable intercepts include VGADD0001: 54m @ 1.15 g/t Au from 141m and VGADD0003: 82.93m @ 0.96 g/t Au from 74m. The Company will incorporate these results into its ongoing geological interpretation and targeting, alongside remaining assays pending from the program. Next steps include completing integrated interpretation of all 2025 drilling results, updating mineralisation wireframes and targeting model, and assessing follow-up drilling priorities to test strike and down-dip continuity.