Morning Star Mine: Diamond Drilling Update

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Following AuStar Gold Limited's (ASX: AUL) latest ASX announcement, they are pleased to provide the following update to shareholders regarding the Kempe drilling program in the MSA at the Company's flagship Morning Star mining operation at Woods Point, Victoria.

Highlights

  • Initial diamond drilling targeting ‘The Age of Progress’, a rich historical reef, indicated gold mineralisation from both holes; 
  • Delineating ‘The Age of Progress’ may open a second access point through the Morning Star Adit (“MSA”) for potential mining;
  • Diamond holes MSA047 and MSA049 were completed with encouraging drill results in highly nuggety reef.

The Company began initial drilling at the MSA with its newly acquired Kempe drill rigs and crew in June 2020 to target the ‘Age of Progress Reef’, a rich historical reef in a highly nuggety zone. The program was also designed to give the mining team a potential second access point and region to mine. Delineation of this mineralised structures in these upper levels of Morning Star may complement the McNally and Stones Reefs in the future, providing a second route for haulage.

After an initial two holes drilled from MSA, Rig 1 was reassigned to 8 Level drilling in order to prioritise near term production opportunities identified by the Geology team around the McNally, Stones and Maxwell Reefs. On completion of 8 Level drilling this Rig will continue the program in the MSA. Drilling performance in recent weeks has been pleasing with crews now operating on a back to back (continuous cross-shift) basis.

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Fig (1) Initial drill hole MSA049 showing significant assay results from 26.5m

 

'The Age of Progress': next steps

 

MSA drilling plans to test the north strike and down dip extension of ‘The Age of Progress’. Geological mapping and sampling have commenced to identify and model mineralisation and any historical stopes where old workings have not been surveyed. This will enable improved drill targeting and planning to maximise potential for a successful drill program.

Download the latest ASX announcement here.

AuStar's vision is to become the next mid-tier gold producer in Australia

 

To keep up to date with their news and progress, and for more information about gold investment as a whole, subscribe to the AuStar Gold Chairman's List.