Aircore drill rig at Everlong prospect. Source: Austin Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Austin Metals (AYT) begins aircore drilling on high-priority gravity targets at its flagship Austin Gold Project in Western Australia
  • A total of 7000 metres of aircore drilling will be undertaken to follow up on gold identified in previous programs at the Everlong, Overdrive and Generator prospects
  • This drilling program will be Austin’s most extensive program undertaken to date and will take between two to three weeks to complete
  • Austin Metals ends the day 12.5 per cent in the green with shares trading at 0.9 cents

Austin Metals (AYT) has begun aircore drilling on high-priority gravity targets at its flagship Austin gold project in Western Australia.

A total of 7000 metres of aircore drilling will be undertaken to follow up on gold identified in previous programs at the Everlong, Overdrive and Generator prospects.

Austin will also follow up on several other untested gravity anomalies.

This drilling program will be Austin’s most extensive program undertaken to date and will take between two to three weeks to complete.

“Given the success of previous aircore drilling with the delineation of gold mineralisation at Everlong, Overdrive and Generator, the company is committed to continuing our proven exploration strategy,” Technical Director Leo Horn commented.

“All three prospects warrant follow-up drilling and multiple other gravity targets have been identified so we now begin the process of systematically exploring each one. We are
delighted to see early visual signs of quartz veins at two prospects and excited for the rest of the program.”

Austin Metals has ended the day 12.5 per cent in the green with shares trading at 0.9 cents.

AYT by the numbers
More From The Market Online
The Market Online Video

Market Close: Autumn’s ASX200 record breaking start

The ASX200 has closed the first day of Autumn at a new record 7745.6 points -…
The Market Online Video

Ark Mines (ASX:AHK) improves REE grades at Sandy Mitchell

North Queensland-based REE explorer Ark Mines (ASX:AHK) has proven higher-grade mineralisation is present on-site.

Week 9 Wrap-up: ASX hits 2 new ATHs on US inflation + the headlines that mattered

What a week. As US markets continue to go crazy after the American earnings season (read: NVIDIA), the ASX has done the same. 
OBM

Ora Banda Mining secures $30 M placement, marks progress toward second underground mine

Ora Banda Mining (ASX:OBM) has completed a single tranche placement, securing commitments at an issue price…