further high grade drill results at blair nick

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LEVEL 1, 681 MURRAY STREET, WEST PERTH, 6005
(PO BOX 883, West Perth, WA 6872)
Tel: (08) 9481 5811 Fax: (08) 9481 5611
Email: [email protected]
2 April 2008
ASX Announcement
FURTHER HIGH GRADE DRILL RESULTS AT BLAIR NICKEL MINE
Resource upgrade and mine life extension anticipated
Australian Mines (ASX:AUZ) continues to intersect strong high grade nickel
mineralisation in its 2008 resource drilling at Blair Deeps at the Blair Mine, located
32 kms from Kalgoorlie in WA.
The second hole in the programme AMUG294, has intersected matrix and massive
sulphides in the L03C shoot at the 338mRL (50m below the current deepest
workings on L03C shoot) with a downhole intersection of
• 5.17m @ 4.50% Ni
The third hole (AMUG295) in the programme has intersected both L03C and E03C
shoots in 2 locations as detailed below: -
1. The L03C shoot intersection (AMUG295) consisted of matrix sulphides at
335mRL for a downhole intersection of : -
o 5.50m @ 1.78% Ni
2. The E03C shoot intersection (AMUG295) comprises strong massive
sulphides at 314mRL (55m below the current deepest workings on E03C
shoot) for a downhole intersection of: -
o 5.10m @ 9.91% Ni
Further drilling into the E03C, L03C, N03C and C01C shoots at Blair Deeps is
continuing, targeting extensions to the high grade shoots at depth.
Hole ID Northing Easting RL Azi Dip Depth From To Length Ni
(m) (m) (m) (m) (m) (m) (m) (%)
AMUG294 6578944 376823 379 272.5 -38.2 131 62.6 67.77 5.17 4.50
AMUG295 6578944 376823 379 267.4 -34.8 138 72.5 78.0 5.50 1.78
110.0 115.1 5.10 9.91
Table 1 : Blair Deeps – Drill Intercept Table
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LEVEL 1, 681 MURRAY STREET, WEST PERTH, 6005
(PO BOX 883, West Perth, WA 6872)
Tel: (08) 9481 5811 Fax: (08) 9481 5611
Email: [email protected]
Australian Mines’ Chief Operating Officer, Mr Brett Young said, “we are very pleased
with these further exciting intersections that will result in increases to the reserves
and extend the mine life at Blair.
“These encouraging drilling results, in addition to the high grade results from the first
drill hole announced last week, indicate the main Blair Deeps orebody remains
strong and open at depth. Initial interpretations of the drill results indicate the 03
orebody could be flattening which would result in more tonnes of nickel metal per
vertical metre, with further drilling to confirm in the upcoming quarter.”
For further information contact:
Brett Young
Chief Operating Officer
Australian Mines Limited
Tel: 08 9481 5811
For media enquiries contact:
Robert Williams
Farrington National
Tel: 02 9332 4448
The information in this report that relates to Exploration Results is based on information compiled by Mr
M Elias who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Elias is employed by
CSA Australia Pty Ltd and is a Non-Executive Director of AUZ. Mr Elias has sufficient experience which
is relevant to the style of mineralisation and type of deposits under consideration and to the activity which
he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’
________________________________________________________________________
LEVEL 1, 681 MURRAY STREET, WEST PERTH, 6005
(PO BOX 883, West Perth, WA 6872)
Tel: (08) 9481 5811 Fax: (08) 9481 5611
Email: [email protected]
Figure1. Blair Mine Cross Section highlighting drill holes AMUG 294 & 295 results marked
in yellow.