Market Alert: Gold and Silver Continue to Outperform with Robust Gains.
Augustus Minerals Limited (ASX: AUG) has announced promising results from ongoing fieldwork at its Music Well Gold Project, located near Leonora in Western Australia. Recent mapping and sampling efforts have significantly expanded the mineralised footprint at key prospects such as Clifton East and St Patrick’s Well, with strike lengths more than doubled. The team also identified eight new gold-bearing vein zones, clustered across four distinct structural corridors—the Central Belt, Black Cat–Bulls Head Zone, Dodd’s and Redcliffe West Zone, and Jindardie NE Zone. These zones are associated with major regional structures known to host high-grade mineralisation.
Notably, large areas within these structures remain covered by shallow soils, prompting the Company to evaluate geochemical techniques such as soil sampling and auger drilling to test concealed targets. Augustus holds twelve exploration licences spanning 1,345km² in the Leonora-Laverton Greenstone Belt, a region with more than 28 million ounces of historic gold endowment. The project is situated near major operations including Darlot, King of the Hills, and Thunderbox.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.