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26/11/14

12:59

Post #: 14356138
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Originally posted by jasmac ↑

26
th November, 2014
ASX Release,
By e-lodgement
First drill core assays significantly upgrade copper grades at Moubiri
Highlights
• Assays significantly upgrade copper grades in majority of drill holes.
• Main “DSO” mineralised zone (ZK130401) increased width and grade:
o 8.55m (down hole) @ 11.9% Cu, 29.6% Pb, 19.4% Zn and 159.2g/t Ag
• Significant increase in copper grade in the sandstone unit:
o 17m @ 5.1% Cu (XRF result) increased to 16.7m @ 11.0% (assay result)
o 9.4m @ 3.8% Cu (XRF result) increased to 9.5m @ 6.2% (assay result)
o 12.4m @ 5.6% Cu (XRF result) increased to 15.7m @ 9.0% (assay result)
AusAmerican Mining Limited (ASX: AIW) (“AusAmerican” or “the company”) is pleased to report
the first drill core assay results from the Moubiri due diligence program.
Shenglong Investments International Ltd (“Shenglong”) previously drilled 14 diamond core holes
for a total of 2,688 metres during 2013 of which 2 key holes intercepted the Moubiri production
ore body. As part of AusAmerican’s due diligence program the company has logged the drill holes,
supervised analyses by handheld XRF and the cutting/sampling of the drill core. The preliminary
XRF results were released on 23rd Oct. The drill core was assayed by Acme Laboratories(Vancouver)
by 4 acid digest with an ICP finish and has consistently returned higher copper grades than
originally published. Major intersections are as follows:
Hole Id From To Interval (m) True Width (m) Cu % Pb % Zn % Ag g/t
ZK130401 38.4 55.1 16.7 7.3 11.0 0.6 2.1 33.5
ZK130401 85.1 93.65 8.55 3.8 11.9 29.6 19.4 159.2
MZK004 88.0 97.5 9.5 4.2 6.2 - - 10.2
MZK007 7.0 11.0 4 1.8 13.2 - - 20.5
MZK007 25.9 41.6 15.7 6.9 9.0 - - 116.4
MZK011 27.0 59.0 32 14.1 2.0 - - -
Table 1: Major drill intersections from Moubiri diamond drill core
The results again give significant credibility to the company'sshort term business plan in increasing
production at Moubiri over the next six months to 200-250 tonnes per day with all key due
diligence results to date confirming the company's current production model.
Sincerely,
Jim Malone
CEO/Company Secretary

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Nice numbers jasmac, hope you make some coin.

ARK Price at posting: 0.4¢ Sentiment: Sell Disclosure: Not Held
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