Exploration program yields exceptional results

Austin Metals Limited (ASX: $AYT) has reported outstanding results from the maiden exploration program at the Ashburton Copper-Gold Project. The program revealed spectacular high-grade rock chip samples, including 9.7g/t Gold and 8.6% Copper, further extending the mineralisation at Donnelly's Prospect and identifying two new prospects, 'Galena Gully' and 'Mavericks'. The project's potential for both orogenic gold and sediment-hosted base metal mineralization has been highlighted, with approximately 18km of potential strike identified.

Executive commentary on exploration results

The results of the exploration program at the Ashburton Copper-Gold Project have exceeded our expectations. The identification of high-grade rock chip samples and the extension of mineralisation at Donnelly's Prospect demonstrate the significant scale and mineralisation potential of the project. The discovery of new prospects, 'Galena Gully' and 'Mavericks', further underscores the prospectivity of the Ashburton tenure. We are now preparing for a trenching and drilling program to test the extensive surface mineralization defined, and we are optimistic about the potential for further exploration and discovery.

Summary of exploration program and future plans

Austin Metals' exploration program at the Ashburton Copper-Gold Project has delivered exceptional results, with high-grade rock chip samples and the identification of new prospects. The extension of mineralisation at Donnelly's Prospect and the identification of 'Galena Gully' and 'Mavericks' highlight the project's significant potential. The company is now gearing up for a trenching and drilling program to further explore the extensive mineralization. With approximately 18km of potential strike identified, the project remains open for further mineralization, and the company is optimistic about the future prospects of the Ashburton Copper-Gold Project.