Australian Mines Hits Record Gold Intercept at Brazil’s Boa Vista Project

Australian Mines ( (AU:AUZ) ) has issued an announcement.

Australian Mines has reported new assay results from three diamond drill holes in its 2025 campaign at the Boa Vista Gold Project in Brazil, including the strongest intercept recorded at the site so far. Hole VGADD0010 delivered 195.3 gram-metres of gold mineralisation and extended the system about 100 metres down dip, while VGADD0006 pushed the strike around 100 metres to the northwest and VGADD0005 indicated possible additional parallel mineralised zones.

The results confirm broad intervals of gold mineralisation with higher-grade internal zones, supporting the company’s exploration model and suggesting that the VG1 prospect could host a sizeable bulk-tonnage gold system. With assays now received for six of eleven holes and drilling restarted to test further strike extensions, the campaign points to significant potential to expand the mineralised envelope, which, if sustained by remaining assays, could enhance Australian Mines’ resource base and strategic positioning in Brazilian gold exploration.

The most recent analyst rating on (AU:AUZ) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Australian Mines stock, see the AU:AUZ Stock Forecast page.

More about Australian Mines

Australian Mines Limited is an ASX-listed resources company focused on gold exploration, with a key asset in the Boa Vista Gold Project in Brazil. The company is advancing the VG1 prospect under an earn-in option agreement, targeting the delineation of a potential bulk-tonnage gold system through systematic diamond drilling campaigns.

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