Gold major Gold Fields has taken a 5.33% stake in Augustus Minerals, grabbing a strategic foothold in its sprawling Music Well gold project in WA.

Gold major Gold Fields has taken a 5.33% stake in Augustus Minerals, grabbing a strategic foothold in its sprawling Music Well gold project in WA.

Augustus Minerals has hit high-grade gold at its Music Well project in WA, with 1m assays returning up to 7.9g/t. The results confirm wider zones of mineralisation.