Silver City jumps straight into gold drilling to follow up 6m @ 15 g/t at Austin
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Silver City is wasting no time at its recently acquired Austin gold project in WA with the first diamond hole of its 1,000m program scheduled to be drilled today.
Drilling will target the Brians, Brunswick Hill and Mt Sandy Prospects where high-grade gold mineralisation has been intersected in previous drilling and at surface.
These include a 6m intercept grading 15.8 grams per tonne (g/t) gold at Brunswick Hill, visible gold in surface veins that assayed up to 1,109g/t at Brians, and up to 10g/t gold from veins within a historical mine shaft at Mt Sandy.
Silver City Minerals (ASX:SCI) says the initial diamond drilling program – its first since completing the acquisition of Austin in late July – will provide important structural information for the follow-up major reverse circulation program that is due to begin later this month.
This goal will be achieved by characterising the gold-bearing veins controlling gold mineralisation at the three prospect areas including orientation information.
“We are extremely excited to be commencing our first drilling program on the newly acquired Austin gold project,” technical director Leo Horn said.
“We have already seen in the work we have undertaken to date that there is an abundance of gold at surface here and the limited drilling by previous owners has returned some spectacular shallow results such as the 6m at 15.8g/t gold which have never been properly followed up.
“We look forward to really pushing ahead with exploration activities now with an RC rig arriving on site in late August to follow on from the diamond rig with a steady flow of results to follow moving forward.”
Long-held in private hands over the last 20 years, Austin has seen little modern exploration despite prospectors finding alluvial and hard rock gold near surface at one of Australia’s most prospective postcodes for gold, the Murchison greenstone province.
Austin is also located directly adjacent to Musgrave Minerals’ (ASX:MGV) Cue gold project that includes the high-grade Break of Day and Starlight discoveries.
That sad state of affairs remained until Silver City secured the one granted mining licence, three larger exploration licences and one small prospecting licence that make up the project.
Its work has seen the identification of more than 40km of potential gold-bearing structures with four highly prospective structural corridors.
This also led to the identification of the three priority targets that it is just about to drill, all of which are located on the eastern limb of the regionally folded Norie Group, on the Mt Magnet greenstone belt while 617,000oz Break of Day is located on the western limb.
This article was developed in collaboration with Silver City Minerals, 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.