Augustus Minerals Launches Deep Drilling at Minnie Springs

Augustus Minerals Limited (AU:AUG) has released an update.

Augustus Minerals Limited has announced the initiation of a deep diamond drilling program at the Minnie Springs prospect, which is aimed at exploring a significant copper-molybdenum porphyry system, with the project supported by a grant from the WA Government’s Exploration Incentive Scheme. Previous explorations have shown promising signs of mineralization, suggesting the presence of a large porphyry system. The drilling seeks to uncover high-grade copper cores beneath an extensive soil anomaly, with results anticipated by mid-November.

For further insights into AU:AUG stock, check out TipRanks’ Stock Analysis page.