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AuStar Gold announces Drilling Update at Morning Star Gold Mine - Ongoing High-Grade Gold Intersections

AuStar Gold Limited (ASX: AUL) has received excellent results from diamond drilling into the McNally’s and Stone’s Reefs at the Morning Star Gold Mine:

Highlights Include:
- Recent drilling results indicate extended mineralised gold zones for both McNally’s and Stone’s Reefs:

  • Both have a higher-grade core of gold mineralisation located within the main reef
  • Stone’s Reef extends further to the south of previous interpretation
  • McNally’s Reef is populated by closely spaced, high grade holes
- Continued positive results from this drill program provides increasing confidence in identification of minerals inventory to commence mining these two reefs
- Sludge hole drilling results:
  • 2.4m @ 18.8g/t Au from 2.4m uphole (hole SL7004), including: 1.2m @ 30.0 g/t Au within McNally’s Reef
  • 1.2m @ 41.4g/t Au from 2.40 uphole (hole SL7005), within McNally’s Reef
- Diamond drilling results:
  • 2.4m @ 3.5g/t Au from 61.3m downhole (hole L6009), including: 0.8m @ 6.5 g/t Au within McNally’s Reef
  • 1.2m @ 4.2 g/t Au from 44.0m downhole (hole L9001) within Stone’s Reef

CEO Mr Tom de Vries said: “The latest phase of exploration drilling from 6 Level at the Morning Star Gold Mine has now been completed and the results continue to be very encouraging. All assays have been returned from drilling on 6 Level and the diamond drill rig is now drilling from 9 Level. The first of the holes from 9 Level has shown that the Stone’s Reef extends well to the south of our previous interpretation and still carries gold mineralisation.

Several holes are to be drilled up from 9 Level through Stone’s Reef and up to the McNally’s Reef to test both reefs to the south of previous drilling.

Probe drilling (also known as Sludge drilling) into the roof of the 7 Level drive using hand-held rock drills has returned very encouraging results indicating that in parts of 7 Level, McNally’s Reef passes close to the old drives, increasing the extent of the mineralised zones and possibly improving accessibility.

The consistently high-grade nature of McNally’s Reef along with that of the Stone’s Reef gives us increasing confidence that we will have sufficient material to warrant the mining of these gold-bearing reefs in the very near future

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