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Augustus Resources to drill gold targets in Western Australia, backed by $2.75M in funding and traditional owner agreements.
Augustus Resources is preparing to begin drilling at three gold targets in Western Australia’s Goldfields region following positive soil sampling and heritage agreements with the Darlot traditional owners.
A $1.675 million equity raise brought its cash balance to $2.75 million, funding the first phase of drilling.
The company is targeting areas with elevated gold, silver, tellurium, and bismuth, along with quartz veining and hematite-altered granite, aiming to confirm mineralization through drill results in the coming quarter.
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Augustus Resources para perforar objetivos de oro en Australia Occidental, respaldado por $2.75M en financiamiento y acuerdos tradicionales de propietarios.