The mining Company has stated that the new claims have significantly increased the ground position, which reportedly contains extension of known mineralization at both the projects.
AusAmerican managing director Richard Holmes said that the newly staked ground at Bluebell and De Soto has enhanced the prospects of the combined projects.
"In securing ‘the Gap’ between the two projects, the combined project area is a contiguous 5km band and this area also contains favorable stratigraphy for hosting VMS mineralization," added Holmes.
The miner intends to drill the Bluebell open pit target in first quarter of 2013 while including the geophysical appraisal of the recently staked ground in following quarters next year.
