Auzex Resources Limited
Auzex Resources (ASX:AZX) holds 12 exploration licenses located in Australia and New Zealand that have been identified as prospective targets through the application of their exploration approach. Exploration work has focussed on intrusion related gold deposits (IRGD) which have a mineral association of gold, molybdenum, tin, tungsten and bismuth. The Company’s diversified projects reflect that relationship.
Auzex Resources to announce resource upgrade at Bullabulling Gold Project
Auzex Resources (ASX: AZX) will receive drill results and announce a significant resource upgrade at the advanced Bullabulling Gold Project in the next two to three weeks.
A diamond drilling program consisting of seven holes totalling 1,432m is underway based on a recently completed structural study, which have the potential to intersect significant mineralisation outside the current known resources.
Resource modelling is currently underway by independent consultants which will result in an updated JORC compliant resource, based on a reassessment of the existing drillhole database.
Given the pending release of the drill results and expected resource upgrade, the board of Auzex has decided to extend the closing date of the rights issues to Friday 20 August 2010.
Other Auzex Resources Limited news
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06/09/10 Baker Steel Capital boosts holding in Auzex Resources
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26/08/10 Baker Steel Capital acquires 8.9% of Auzex Resources
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25/08/10 Auzex Resources is oversubscribed in capital raising
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16/08/10 Auzex Resources in 450% boost in gold resource to 2m ounces at Bullabulling
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13/07/10 Auzex Resources ticks another box at Bullabulling Gold Project
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