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Australia United Mining (ASX: $AUML) discovers high grade gold assays near Forsayth

Australia United Mining's Gold Assay Discovery


Australia United Mining Limited (ASX: $AUML) has reported anomalous and high-grade gold assays, with results of up to 11.95 g/t Au, from rock chip samples collected near old mine workings at Forsayth in North Queensland. The company conducted mapping and rock chip sampling over its tenements at Forsayth, revealing fifty-one gold mines and mineral occurrences within the area. The gold deposits around Forsayth are primarily Early Devonian shear-hosted lodes, with steep or shallow dipping orientation, often lying on kilometre-scale structures. Further mapping and sampling of historical workings is planned for the next quarter.

Executive Commentary on Gold Assay Results


The discovery of anomalous and high-grade gold assays near Forsayth is a significant development for Australia United Mining. These results demonstrate the potential for 'open-pittable' gold resources that could supplement the ore being mined at the Ropewalk goldmine. The company is committed to further exploration and mapping of historical workings in the upcoming quarter to capitalize on these promising findings.

Summary of Gold Assay Discovery


Australia United Mining (ASX: $AUML) has unveiled promising gold assay results from rock chip samples collected near old mine workings at Forsayth. The discovery of high-grade and anomalous gold assays, with results of up to 11.95 g/t Au, highlights the potential for additional gold resources in the area. The company's commitment to further mapping and sampling of historical workings reflects its dedication to capitalizing on these findings. This discovery positions Australia United Mining for potential future growth and underscores its ongoing efforts to expand its resource base.

Sourcehttps://announcements.asx.com.au/asxpdf/20231222/pdf/05yx8yc0c5sjg9.pdf

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