Ann: MAJOR DRILLING PROGRAMME TO COMMENCE AUSTIN GOLD PROJECT, page-2

COMPLETION OF ACQUISITION OF WA HIGH-GRADE
AUSTIN GOLD PROJECT
DIAMOND DRILLING SCHEDULED TO COMMENCE IN AUGUST
Highlights
• Silver City completes the acquisition of an 80% interest in the highly prospective Austin Gold Project
(“Austin Gold Project”) from Gardner Mining Pty Ltd (“Vendor” or “Gardner Mining”) through the
acquisition of Gardner Tenements Pty Ltd (“GT”).
• The Austin Gold Project is located in the prolific Murchison gold mining district and occurs adjacent
to Musgrave Minerals Limited (ASX:MGV) Cue Gold Project, including the high-grade Break of Day
group of deposits and recent discoveries.
• Appointment of Mr Darren White to the Board of Silver City, the Vendor of the Austin Gold Project.
• Mr White also participated in Tranche 2 of the Placement for $590,776, with further Director
participation of $50,000 following shareholder approval on 5 July 2021.
• Significant exploration program about to commence to follow up highly promising previous work
such as:
• Drilling intercept of 6 m at 15.8 g/t Au from 36 m (Brunswick Hill Prospect) 1
; and
• Visible gold in surface veins returning assays up to 1,109 g/t gold (Brians Prospect).
• Drilling to commence shortly and expected to be ongoing for the next few months with:
• Diamond drilling program scheduled to commence in August with drilling contractor secured
for the program; and
• RC and Aircore rigs also secured for September and October