Boa Vista - Strongest Intercept Confirms Scale Potential
| Stock | Australian Mines Ltd (AUZ.ASX) |
|---|---|
| Release Time | 10 Mar 2026, 8:27 a.m. |
| Price Sensitive | Yes |
Record Gold Intercept at Boa Vista Extends Mineralisation
- Strongest drill intercept recorded at Boa Vista to date, with 195.3 aggregate gram-metres
- Drilling extended mineralisation ~100m down dip and along strike, highlighting potential scale
- Assays pending for 5 of 11 holes in 2025 drilling program
Australian Mines Limited (ASX: AUZ) reported assay results for three diamond drill holes from its 11-hole 2025 drilling campaign at the Boa Vista Gold Project in Brazil. The results include the strongest drill intercept recorded at Boa Vista to date, with 195.3 aggregate gram-metres, and indicate potential extensions to the Boa Vista gold system along strike and down dip, highlighting the potential scale of the bulk-tonnage gold system. Key highlights include:- VGADD0010 returned the strongest drill intercept recorded at Boa Vista to date, with 195.3 aggregate gram-metres, and ended in mineralisation at 303.6m, indicating the system remains open at depth.- VGADD0010 extended mineralisation ~100m down dip and returned 3 significant separate broad intersections.- VGADD0006 extended the strike of mineralisation ~100m to the northwest, remains open, and returned 52m @ 0.69 g/t Au from surface.- VGADD0005 returned 25m @ 0.87 g/t Au from 121m within the interpreted mineralised envelope and intersected mineralisation ~100m below previous mineralisation in this area, indicating the potential for additional parallel mineralised zones.Assays have now been received for 6 of the 11 drill holes completed in the 2025 program, with five holes still pending. Drilling has recommenced on site to test potential strike extensions to the northwest.
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, assessing follow-up drilling priorities to test strike and down dip continuity at VG1, and refining the exploration strategy for resource definition potential.