Zones of Outcropping Ironstone Discovered Ironstones in the Gascoyne Region already host significant rare earth deposits.
Highlights • Surface mapping has confirmed several ironstone zones at the Ti-tree project. • Bentley zone has been mapped over a strike length of approximately 400m. Rock chip sample results are pending. • Exploration activities in the field have commenced, concentrating on high priority lithium and rare earth targets, mapping and rock chip sampling. • Drilling to commence immediately once the Aboriginal Heritage survey is completed. Augustus Minerals (ASX: AUG; “Augustus” or the “Company&rdquo is pleased to advise that the first stage of on the ground exploration of the Ti-Tree project has confirmed the presence of ironstone at several localities which could host rare earths (Figures 1 & 2). At the Bentley prospect, ironstones have been discovered and mapped over a zone of approximately 400m. At Mac’s Well ironstone has been confirmed inside a large radiometric anomaly1. Results from rock chip samples are expected over the next few weeks, although physically the rocks look similar to other known ironstones in the region which host rare earths deposits.
AUG Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
is pleased to advise that the first stage of on the ground exploration of the Ti-Tree project has confirmed the presence of ironstone at several localities which could host rare earths (Figures 1 & 2). At the Bentley prospect, ironstones have been discovered and mapped over a zone of approximately 400m. At Mac’s Well ironstone has been confirmed inside a large radiometric anomaly1. Results from rock chip samples are expected over the next few weeks, although physically the rocks look similar to other known ironstones in the region which host rare earths deposits.
