Brisbane, June 15, 2006 AEST (ABN Newswire) - Auzex Resources (ASX: AZX) report a new gold finding at their 100% owned West Tinaroo Project, EPM 14635, in Northern Queensland.
Encouraging preliminary results have been received from the first 300 of 528 soil samples recently taken from an area highlighted by the Company's state-of-the-art prospectivity model within the West Tinaroo tenement, southwest of Cairns in North Queensland.
Highlights
- Initial assessment of an area highlighted by the Company's state-of-the-art prospectivity model has resulted in the discovery of a new granite related gold system in a previously unexplored area
- Recent exploration has defined a 1200m by 200m gold anomaly which is open-ended and with rock chip values up to 5 gt gold
This area was mapped and sampled returning anomalous gold results from a 200 metre wide system of quartz veins over a 1200m strike length. The gold system remains open to the north, south and west.
Soil sampling within an area of significant hydrothermal activity has defined two sub parallel gold-bismuth anomaliesw ith values between 20 ppb Au and 200 ppb Au.
An additional 8l rock chip samples yielded gold grades up to 5.53glt within the poorly exposed quartz stock work system.
Contact
Philip Chisholm
Corporate Adviser
Tel: +644-562-7019
| ||
|
