AUL 0.00% 28.5¢ austar gold limited

Drillhole assays from the Edwards area have now been received...

  1. 2,403 Posts.
    Drillhole assays from the Edwards area have now been received and initial results from the broad spaced preliminary drill testing of this area of structural complexity are encouraging.

    ? Nine of the eleven drillholes have intersected gold values greater than the 0.2g/t cut-off used at the Granite Castle deposit and 5 drillholes have intersected values greater than 1.00 g/t Au.

    ? Values from GCRC564 ([email protected] g/t Au, 28.2 ppm Ag) and GCRC570 ([email protected]/t Au, 15.2 ppm Ag) demonstrate the capacity of the mineralising system to contain higher value material.

    ? Follow-up work shall investigate the potential for structural jogs, dilation zones, and intersections as loci for potentially thicker and/or higher grade mineralisation.

    ? It is encouraging that the Edwards mineralisation remains open to the west.
 
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