Austin continues to highlight the potential of its namesake WA project with new assays and detailed re-sampling of older holes returning very tasty high-grade gold.

Notable results from the Brians prospect include a new channel assay of 2.6m at 16.4 grams per tonne (g/t) at surface and a re-assay of previous drilling returning 8m at 1.3g/t gold from surface including 1m at 7g/t gold.

Significantly for Austin Metals’ (ASX:AYT), a new 3D review has defined a new interpretation with a north-plunging high-grade shoot that remains open and untested at depth and to the north.

Over at Brunswick Hill, re-assaying returned a 5m interval grading 2.5g/t gold from 88m including 1m at 9.8g/t gold while new assays a top result of 5.8m at 0.8g/t gold from 44.2m

The results confirm a 6m to 8m gold bearing zone and where grades are increasing with depth and remain open at depth and to the north for follow up testing.

“These new assay results further confirm evidence for ore grade mineralisation and further drilling may well lead to the delineation of important near-surface resources,” technical director Leo Horn said.

“Brunswick Hill and Brians remain high priority targets for the company in addition to a variety of new discoveries being unearthed by the new air core results including Everlong and Overdrive.”

Results and future activity

Besides the new and re-sampled assays, a recent gravity survey has also indicated that more extensive north-south trending structures are present at both prospects.

At Brians, the data provides strong support to the 3D modelling and indicates significant potential north along the structure.

This extension intersects mafic rock and has never been drilled.

At Brunswick Hill, the new gravity data indicates the best mineralisation again occurs on a subtle north-trending gravity break that points to another north-trending structural control to mineralisation.

Like Brians, this northern extension intersects mafic rocks and remains untested.

Austin intends to follow-up on the latest results with the next phase of drilling, which is currently planned to begin in June.




This article was developed in collaboration with Austin Metals, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.