ASX: AUG - Augustus Minerals
- Matt Birney
- 3 hours ago
- 4 min read
Augustus Minerals: Brand new gold discovery – and it’s in granite!
Augustus Minerals Executive Chairman Brian Rodan on 3AW, 2GB, 4BC & 6PR Bulls N' Bears Report
Listen to ASX-listed Augustus Minerals Executive Chairman Brian Rodan talk to Matt Birney on the Bulls N’ Bears Report about Augustus’ big maiden drill numbers at a project that is wedged between gold giants.
TO LISTEN TO THE AUGUSTUS MINERALS AUDIO INTERVIEW - CLICK BELOW
Augustus Minerals covers a sprawling suite of tenements at its Music Well project in WA between Leonora and Laverton in the famed Leonora-Laverton Belt, a district with a gold endowment running well north of 28 million ounces. The company has just dropped its first ever drill results from its Clifton East prospect contained within its Music Well project — and the numbers point to a new discovery.
RADIO INTERVIEW - TRANSCRIPT
Matt Birney - Welcome to Bulls N' Bears, brought to you today by West Australian gold explorer, Augustus Minerals
Matt Birney - ASX code: AUG
Matt Birney - I'm Matt Birney, and I'm joined now by the Executive Chairman of Augustus Minerals, Brian Rodan.
Matt Birney - Hi, Brian.
Brian Rodan - Hi, Matt. How you going? Good?
Matt Birney - I'm good. Okay, so Augustus Minerals covers a sprawling suite of tenements at its Music Well project in WA between Leonora and Laverton in the famed Leonora-Laverton Belt, a district with a gold endowment running well north of 28 million ounces. The company has just dropped its first ever drill results from its Clifton East prospect contained within its Music Well project — and the numbers point to a new discovery.
Matt Birney - All right, Brian. Okay, so good to hit gold in a maiden campaign. Hit me with the best drill numbers from Augustus' first pass at Clifton East.
Brian Rodan - Well, look, we got 16 metres at 1.4, including 12 metres at 1.9. We've got 32 metres at 0.9, including 4 metres at 2.7. And look, 12 metres at 8, including four at 1.3.
Matt Birney - How deep are they?
Brian Rodan - Look, less than 50 metres, around 50 metres deep.
Matt Birney - Now, without getting too technical on me, tell me about the geology at this project. Is it typical goldfields greenstone setting or is it granite or something else?
Brian Rodan - Look, it's all granite, its in Bundarra Batholith similar to like Golden Cities deposit now. There's probably one half million ounces there. The largest granite hosted Archaean gold systems in Australia. Yeah, it's only 50kms out of Kalgoorlie Golden Cities.
Matt Birney - So, is this an intrusive, in the style of say Hemi?
Brian Rodan - Well, certainly. Look, we get within a sanukitoid type a granitoid . So, Hemi's got 10 million ounces. Yes, it's in similar geological setting for sure.
Matt Birney - Okay. Now, what were the early indicators of potential mineralisation of the project? Did you have soil samples? Did you have rock chips? Anything else that led you to drill there?
Brian Rodan - Look, just drill work. Walking around, looking for outcrops, looking for interesting rocks and take a bunch of rock chips. Look, we took rock chips on this project over a kilometre long. Had some pretty good grades there. And then we run the soil sampling over the same area.
Matt Birney - What were the best grades and how far did the soil samples extend?
Brian Rodan - For soil sampling, it's well over a kilometre. Same as the rock chips, you know, top three rock chips, 50 grams, you know, 30 grams, 20 grams, and we got down to one gram. But this is all spread over a kilometre long rock chips and kilometre long soil anomaly.
Matt Birney - Now I must say I'm struck by how extraordinary your broader Music Well project land package is on a map. It looks like it covers almost the entire region between Leonora and Laverton. Pretty prolific mining area. How'd you get so much ground out there?
Brian Rodan - I pegged it myself really. It took me about four years bit by bit and putting it all together in one package. Not easy at all, but you know you got gold mines all around this kind of a package and that's the reason why I felt it was that prospective even though it's in the granite.
Matt Birney - What are the big gold mines around it and how much land do you actually have?
Brian Rodan - Ah look at just under 1,300 square kilometres. We got Darlot and Vault Minerals to the north. We got Northern Star to the to the left of us. We got Genesis to the right of us. They're all multi-million ounce projects. You know, Wonder, The Hub, Darlot. We're right in the middle of it all.
Matt Birney - Brian Rodan from Augustus Minerals.
Matt Birney - Thanks for joining me on Bulls N' Bears and remember we're only here to give you information, not advice, which you should of course seek independently.
Matt Birney - I'm Matt Birney and this is Bulls N' Bears.
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