Austin Metals (ASX:AYT) has started a 1,500-meter reverse circulation drilling program at its Austin Gold Project in Western Australia. The focus is the Mt Sandy Prospect, known for potential high-grade gold mineralization. Historical data indicates significant gold intersections, supporting the search for a substantial deposit.
Austin Metals has initiated a 1,500-meter drilling program at its flagship Austin Gold Project in Western Australia. The program targets the Mt Sandy Prospect, aiming to explore depths between 50 and 200 meters for gold deposits. Historical data reveals significant gold intersections, and a large geochemical footprint suggests the potential for a major gold deposit. The project is strategically located near operational gold mills, enhancing its economic prospects. The drilling program is expected to conclude in two weeks, with results anticipated early next year. This initiative aligns with Austin Metals' strategy to expand and delineate gold resources in Western Australia's prolific goldfields.
The primary goal of this drilling program is to explore the depth and grade of mineralization indicated by historical data. We are optimistic about the potential discoveries at the Mt Sandy Prospect, given its substantial geochemical footprint.