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AuStar Gold Ltd.

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Summary

Project:

Morning Star

Deposit:McNally Reef,
Location:Australia
Commodities:Gold
Date:6/17/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:17-6-2019: AuStar Gold Ltd. announces an Exploration/Drilling Update report for its McNally Reef, deposit at the Morning Star project. Drilling results incl. 0.49m @ 115.89g/t Au from 64.46m. AuStar Gold Limited (ASX: AUL) is pleased to announce an undate
Resources:x
CP/QP:[Overall Report]: Peter de Vries (Not stated)
ABSTRACT:AuStar Gold Limited (ASX: AUL) is pleased to announce an undated of the definition drilling being undertaken to further expand and fully define the extent of the McNally Reef, and the commencement of additional drilling at the northern end of the dyke. Exploration at Morning Star has recommenced with the Diamond Drill rig previously utilised at the Rose of Denmark mine being relocated to the southern drill chamber on No. 9 Level at the start of May. The rig has commenced to test the down dip extension of the McNally reef currently being mined from the No. 7 Level. To date results have been received back for 2 of the 3 holes completed during last month. Drilling is due to commence at the north of No. 9 Level to test further exploration targets. The intersection from L9005 was a result of a decision to re-enter the original hole and extend the hole by 10 metres to test a re-interpretation of the McNally’s structure. Although the intersection has assayed at a modest grade, several small specs of visible gold were observed within the core at the basal contact between the dyke and a 0.35m wide quartz vein containing minor pyrite and arsenopyrite mineralisation during logging. The result confirms the existence of the structure and the presence of gold further south than previously modelled. Within drill hole L9008 several specs of visible gold were also observed at the basal contact between the dyke and a 0.49m wide quartz vein containing styolitic sulphides banding of arsenopyrite and minor accessory pyrite.

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