Australian Mines Limited announced that the WA Government has agreed to co-fund a proposed diamond core drilling program at its emerging Dixon prospect which is located approximately 50km of Northern Star’s Plutonic Gold Mine.
Australian Mines said that the funding, awarded under the Government’s competitive Exploration Incentive Scheme, covers 50% of the direct drilling costs associated with the proposed 1,200 metre diamond drill program at Dixon.
According to the company, the location of the proposed diamond holes is based on the recently undertaken detailed geological and geophysical modelling, with the final design of the drill program to be influenced by the company’s reverse circulation (RC) drilling program, which was completed earlier this week.
Managing Director Benjamin Bell said that the company had already sent samples from this recent RC drilling to the lab, with initial assay results expected within the next two weeks.
“We are very pleased that the State Government has agreed to support our exploration program at Dixon through directly injecting funds into our next phase of drilling,” Mr Bell said.