1.Woodline Project Area
Previous exploration has been focussed on discovering and drilling out the Woodline 1 Orebody and then exploring the surrounding auger anomalism but, with most of the project area being under greater depths of transported cover, there is the potential to discover more gold orebodies, and the exploration progress is as follows:
Figure 3: The woodline exploration plan
1.Woodline North - Auger Program
A wide-spaced auger drilling program 1.2km to the north east of the Woodline 1 Pit has highlighted a large + 90 ppb gold anomaly on the company’s tenements, and a follow up auger program will commence immediately.
The geochemical auger sampling program which was drilled in September 2009 was highly successful in defining a strong surface gold anomaly on the company’s tenements. The auger holes were drilled every 80 metres along 320 metre spaced east-west lines. Holes were drilled to a depth of 1.5 metres into transported cover and the geochemical sample was taken from the most carbonate-rich horizon.
The surface gold anomaly may represent a buried gold system and the next phase of exploration will be to infill drill the augers to a pattern of approximately 50 metres by 70 metres over the most anomalous area, which has a peak value of 90 ppb gold directly across the boundary from anomalous zones on the neighbouring tenements.
Figure 4: Australian Mines Limited (AUZ) geochemical auger anomaly on P26/3347 and P26/3349 adjacent to Cortona Resources (CRC) tenements.
Figure 5: Infill auger geochemical programme for P26/3347 and P26/3349
2.Woodline1 Down Plunge Drilling
Two RC holes were drilled at Woodline 1 in the down plunge direction as illustrated on the attached long section. The best result was 12 metres at 6.47g/t in hole number AMRC 131, which included 3 metres at 19.7g/t.
The orebody is open down plunge and further RC drilling is planned.
Figure 6: Woodline 1 - long section of the orebody with the current pit outline and new drill intercepts
| Hole Number | From (m) | To (m) | Length (m) | Grade (g/t) |
| AMRC131 | 53 | 65 | 12 | 6.47 |
| (including) | 56 | 59 | 3 | 19.7 |
| AMRC132 | 72 | 75 | 3 | 7.69 |
Table 1: Woodline 1 RC drill intercepts
The recently completed optimisation study has indicated that an open pit mine would make a significant profit with various treatment options producing 50,000 - 60,000 ozs of Au at a gold price of A$1,300/oz
Encouraging results have been received from recent drilling of East Shear North
exploration target which lies to the east of the main Mt Martin pit.
Australian Mines Limited (ASX:AUZ) is pleased to announce an increase of approximately 50% in gold resources at the Mt Martin mine.
Australian Mines Limited (ASX:AUZ) is pleased to announce that surface drilling will recommence at Mt Martin on Monday 14th June 2010 to further define new resources at Mt Martin.
Australian Mines Limited (ASX:AUZ) is pleased to announce very encouraging results from its latest RC drilling under the East Lode pit at the Mt Martin Project
AUZ Mines which announced encouraging results on 6th April from drilling its 100% owned Mt Martin gold project will be recommencing drilling this week.