Augustus locks onto multiple gold zones near Leonora in WA

The West Australian04:56

Augustus Minerals has defined at least two higher-grade gold shoots at its Music Well project in Western Australia’s prolific Leonora-Laverton gold district, with both remaining open along strike. The...

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The...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/augustus-locks-onto-multiple-gold-zones-near-leonora-in-wa-c-22953770\">Source Link</a>\n\n</div>\n","source":"thewest_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Augustus locks onto multiple gold zones near Leonora in WA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAugustus locks onto multiple gold zones near Leonora in WA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-01 04:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thewest.com.au/business/bulls-n-bears/augustus-locks-onto-multiple-gold-zones-near-leonora-in-wa-c-22953770><strong>The West Australian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Augustus Minerals has defined at least two higher-grade gold shoots at its Music Well project in Western Australia’s prolific Leonora-Laverton gold district, with both remaining open along strike. The...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/augustus-locks-onto-multiple-gold-zones-near-leonora-in-wa-c-22953770\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IGLD","symbol_name":"FT Vest Gold Strategy Target Income ETF®","start_time":0,"source_url":"https://thewest.com.au/business/bulls-n-bears/augustus-locks-onto-multiple-gold-zones-near-leonora-in-wa-c-22953770","article_id":"2672734777","we_media_id":null,"thumbnails":["https://images.thewest.com.au/publication/C-22953770/0be3459af3d0a86f1bf5306ddacd31efd3060ea6.jpg"],"rights":{"source":"thewest_stock","url":"https://thewest.com.au/business/bulls-n-bears/augustus-locks-onto-multiple-gold-zones-near-leonora-in-wa-c-22953770","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672734777","pubTimestamp":1790801784,"columns":[],"sourceInfo":{"source_id":"thewest_stock","name":"The West Australian"},"weMediaInfo":null,"summary":"Augustus Minerals has defined two higher-grade gold shoots at its Music Well project near Leonora, WA. The zones are open to the north-northeast, with assays from recent targeted drilling expected this month.","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"IGLD":"FT Vest Gold Strategy Target Income ETF®","CEF":"Sprott Physical Gold & Silver Trust","02840":"SPDR金","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","KGLD":"Kurv Gold Enhanced Income ETF","DBC":"商品指数ETF-PowerShares DB","BGLD":"FT Vest Gold Strategy Quarterly Buffer ETF","YGLD":"Simplify Gold Strategy PLUS Income ETF","OUNZ":"VanEck Merk黄金股票基金","GDXJ":"小型黄金矿业ETF(Market Vectors)","AAAU":"Goldman Sachs Physical Gold ETF","GLDY":"Defiance Gold Enhanced Options Income ETF","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","PPI":"AXS Astoria Real Assets ETF","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","SGOL":"Abrdn Gold ETF Trust","DUST":"二倍做空黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF-iShares","DGP":"二倍做多黄金ETN(PowerShares)","NUGT":"二倍做多黄金矿业指数ETF-Direxion","GDXW":"Roundhill Gold Miners WeeklyPay ETF","GBUG":"Sprott Active Gold & Silver Miners ETF","DZZ":"德银黄金两倍做空ETN","PICK":"iShares MSCI Global Metals & Mining Producers ETF","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","GLL":"2倍做空黄金ETF-ProShares","RC":"Ready Capital Corp","BAR":"GraniteShares Gold Shares","IAUI":"NEOS Gold High Income ETF","GLD":"黄金ETF-SPDR","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","USG":"USCF Gold Strategy Plus Income Fund","IAUM":"ISHARES GOLD TRUST MICRO","RING":"iShares MSCI Global Gold Miners ETF","XME":"金属与采矿指数ETF-SPDR","JNUG":"金矿指数二倍做多ETF","JDST":"金矿指数二倍做空ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","BTGD":"STKD Bitcoin & Gold ETF","PHYS":"Sprott Physical Gold Trust","SGDM":"Sprott Gold Miners ETF","GLDM":"SPDR Gold MiniShares Trust","UGL":"2倍做多黄金ETF-ProShares","GOLY":"Strategy Shares Gold Enhanced Yield ETF","GDX":"黄金矿业ETF-VanEck","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","UYM":"基础材料指数ETF-ProShares两倍做多","DGZ":"做空黄金ETN(德银)"},"translate_title":"奥古斯都锁定了华盛顿州莱昂诺拉附近的多个金矿区","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CEF":1.5,"GDXU":1.5,"JDST":1.5,"PPI":1.5,"RC":1,"DGZ":0.6,"SHNY":1.5,"GBUG":1.5,"DULL":1.5,"DUST":1.5,"GOAU":1.5,"AAAU":1.5,"BTGD":1.5,"GOLY":1.5,"GLDY":0.6,"02840":1.5,"SGOL":1.5,"DBC":1.5,"IAU":1.5,"BAR":1.5,"IAUM":1.5,"RING":1.5,"DZZ":1.5,"NUGT":0.6,"GDX":1.5,"IGLD":0.6,"PHYS":1.5,"DGP":1.5,"PICK":1.5,"SGDM":1.5,"OUNZ":1.5,"IAUI":1.5,"JNUG":1.5,"GDXY":1.5,"UYM":1.5,"GDXD":1.5,"XME":1.5,"GDXW":0.6,"GLDM":1.5,"GLD":0.6,"FGDL":1.5,"BGLD":0.6,"USG":1.5,"BEGS":1.5,"UGL":1.5,"GLL":1.5,"GDXJ":1.5,"KGLD":0.6,"YGLD":0.6,"GLTR":1.5},"content_text":"Augustus Minerals has defined at least two higher-grade gold shoots at its Music Well project in Western Australia’s prolific Leonora-Laverton gold district, with both remaining open along strike. The interpretation comes from a combination of recent diamond and reverse circulation (RC) drilling, assays and soil sampling.Augustus says its geological detective work has stitched together data from drilling and surface geochemistry to outline a western shoot defined by soil samples over 400 metres of strike and an eastern zone defined by pathfinder geochemistry over 300m. Both are open to the north-northeast at the company’s Clifton East prospect.The interpretation links together a string of solid, earlier RC drill hits, including 11m at 2.41 grams per tonne (g/t) gold from 32m, 8m at 3.27g/t gold from 72m and 34m at 0.83g/t gold from 38m.Pathfinder elements in soil samples, including tellurium, bismuth, molybdenum and tungsten, have helped trace the orientation of the mineralised structures.A recent diamond drill hole put in by Augustus appears to have provided the final piece of the puzzle. While assays from the hole returned only lower-grade gold anomalism, including 6m at 0.31g/t gold from 79m, 5m at 0.43g/t gold from 106m and 12m at 0.22g/t gold from 117m, management believes the results are significant.According to Augustus, the core revealed tell-tale alteration from hematite to silica-sericite-pyrite-carbonate, which strengthened closer to the gold-bearing part of the system, suggesting the hole may have passed along the edge of a bigger mineralised zone.Crucially, structural measurements from the diamond core indicate that the higher-grade quartz-pyrite (iron sulphide) veins dip steeply to the southeast, providing a clear target for follow-up drilling.Armed with this new structural understanding, the company drilled a series of northwest-oriented RC holes to test for higher-density veining between the original drill holes. Assays from that program are pending and expected in mid to late October.In addition to the two defined shoots, the company has its eye on a third target, a 200-metre-long zone of anomalous rock chip and soil pathfinder results. With rock chips grading up to 1.8g/t gold, the anomalism coincides with a major fault in the east of the Clifton East prospect. The company says this area has not yet been drill tested.Integration of surface geochemistry, RC and Diamond drilling data has outlined two higher-grade shoots within the broader alteration system that are open to the north-northeast.  Augustus Minerals general manager exploration Andrew FordThe company’s Music Well project covers a commanding 1242 square kilometres of exploration tenure just 35km north of Leonora, a town that sits at the heart of a storied gold belt with a total endowment of more than 28 million ounces. Augustus’ ground abuts tenements held by regional giants Northern Star Resources and Genesis Minerals, with major gold projects in the neighbourhood including Darlot, King of the Hills and Thunderbox.The definition of coherent mineralised shoots comes at a time when the region is a hive of corporate activity. The Leonora–Laverton gold district is in the middle of a broader WA gold consolidation wave, with majors on the hunt for new ounces to feed their processing hubs. That backdrop helps explain why fresh exploration success in the area is attracting attention, with regional gold assets and land positions in the district increasingly in focus.Recent activity includes the eye-watering $12.6 billion Genesis-Vault merger in July and Brightstar Resources’ September acquisition of five critical exploration licences from Panther Metals immediately adjacent to its developing Laverton processing hub.Of late, Genesis has been hoovering up gold ounces across Leonora and Laverton, building a formidable feed pipeline around its mills. It picked up Focus Minerals’ Laverton project to feed its restarted three-million-tonne-per-annum plant and splashed $639 million on Magnetic Resources to get exposure to the 2.24-million-ounce Lady Julie deposit in 2026. That buying spree followed a $600 million acquisition of St Barbara’s Leonora assets, including the Gwalia mine and mill, in 2023.With assays from its latest targeted RC drill campaign due shortly and drilling operations set to kick off once wet ground conditions improve, Augustus looks set to generate plenty of newsflow. In a part of the world where big miners are looking for their next meal, defining coherent, higher-grade gold shoots is one way for a junior to get a seat at the table.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2672734777","isCrawlerRequest":true}