AuStar Gold Limited (ASX:AUL) (‘AuStar Gold’ or ‘the Company’) provides the following operational update at its Rose of Denmark (RoD) gold mine where gold-bearing material has recently been successfully mined and processed, and first gold sales achieved.
Highlights:
Stage 2 Exploration Program at RoD Operational update:
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First pass of percussion drill sampling assays received
Better results include:
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1.20m @ 529.00 g/t Au from 15.60m up-hole
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1.20m @ 171.00 g/t Au from 1.20m up-hole
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0.80m @ 36.10 g/t au from 13.20m up hole
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1.20m @ 34.60g/t Au from 2.40m up-hole
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Diamond drill program commenced and progressing
AuStar Gold CEO, Tom de Vries said “I am pleased with the effectiveness of the percussion drilling technique in determining the location of potentially mineable material. The process will greatly assist AuStar Gold’s operational team in identifying the boundaries of profitable mining zones.
This initial percussion drilling program has produced multiple high grade intersections which provide further support to our view that the RoD has the potential to generate sustainable economic production.
This initial program provides a number of areas that require follow-up drilling, which may result in additional high gold areas being available for extraction above the main adit level, between areas that have already been heavily stoped over the years.”
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