Aircore Success at Nagambie

Gold in Basement Anomaly at Nagambie North

Nagambie Mining Ltd announced today that a gold in basement anomaly (defined by gold values > 0.1 g/t in 3 metre sample intervals) has been located under around 40 metres of cover sediments, just 2 km north of the company’s Mining Licence at Nagambie.  Aircore drilling of a coincident arsenic-gold soil anomaly returned values to 1.15 g/t, and has indicated the presence of a gold-in-basement anomaly up to 2.3 km long.

This anomaly is comparable in strike length to the mining operations conducted at Nagambie during the early 1990s by Perseverance Corporation Ltd.

Nagambie Mining Ltd is conducting further soil sampling south of the Nagambie before undertaking the next phase of Aircore drilling on this property.

Exploration Management Services continues to provide strategic advice, as well as managing Nagambie Mining’s exploration programs.

Comments are closed.