Fortunate new holders
• High grade rock assay results from the Austin Gold Project were returned from 3 priority
prospects including:
o Up to 1,109 g/t gold (35 oz/t) from the Brians prospect in outcropping northwest
trending veins that occur in a similar orientation to the mineralisation at the nearby
Starlight, White Light and White Heat discoveries by Musgrave Minerals (ASX:MGV).
o Up to 57.1 g/t gold (1.8 oz/t) from the Teds prospect area from a small costean where
the abundant and spectacular coarse gold has been previously observed associated
with weathered quartz veins.
o Up to 10.2 g/t gold at the Mt Sandy prospect area from a quartz vein exposed near a
historic mine adit.
• The rock assay results are extremely encouraging for the project and indicate that all three
prospects will be high priority drill targets for Silver City.
• Due to the course nature of the gold observed in the field across the project, Silver City
commenced an assessment of the LeachWELLTM gold assay technique.
• Recent results show the LeachWELLTM analysis show significant increase in grade in the
range of 4.6-53.4% compared to conventional fire assay techniques.
• A total of 13 RC samples from a drill program in 2020 by the Vendor were also taken for the
same assay techniques with results expected to be released shortly.
• A review of the detailed airborne magnetic data as well as historic geochemistry is also
currently underway
SCI Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
