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AuStar Gold Ltd.
Summary
| Project: | Morning Star | |
|---|---|---|
| Deposit: | Morning Star | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-9-2018: AuStar Gold Ltd. announces an Exploration/Drilling Update report for its Morning Star deposit at the Morning Star project. Drilling results incl. 2.28m @ 7.70g/t Au from 3.50m. AuStar Gold Limited (ASX: AUL) (‘AuStar Gold’ or ‘the Company’) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter de Vries (Independent) | |
| ABSTRACT: | AuStar Gold Limited (ASX: AUL) (‘AuStar Gold’ or ‘the Company’) is pleased to provide an additional update in relation to its current diamond drillin g program at the Morning Star Gold Mine: CEO Mr Tom de Vries said: “The first round of exploration drilling has proven to be successful in this new zone. We have defined a new mineralised section of the Stones reef system, and in the process discovered a previously unknown mineralised reef structure (now named the McNally’s reef) near 7 Level. Significant coarse gold has been observed. These results give us significant scope for future potential development. “The success of AuStar’s accelerated exploration program is critical in identifying a minerals inventory to provide continuity of future ore supply, allowing us to generate sustainable economic production for the Company. “As part of our current exploration strategy we will now target certain previously identified areas while we continue to collate and analyse all relevant data to include the recent drilling. The current program should see additional results generated and reported over the coming weeks. As previously reported in recent ASX announcements, AuStar has now completed the first phase of drilling into an area of the Stones reef between 8 Level and 9 Level of the Morning Star gold mine. A full review of the economics and additional potential of this zone is ongoing. Additional drilling has now been completed into the recently identified reef structure (McNally’s Reef) located proximal to the 7 Level. The initial phase of six (6) drill holes has now been completed with some assays still to be received. A full review will be undertaken to determine additional drill targets within the structure, which is still open to the north and south. While data collation and geological modelling is occurring the drill rig has been moved to commence drill testing of the Stacpoole North target around drill hole MS357 (4.10m @ 18.80 g/t Au - incl. 0.30m @ 216.00g/t Au). Stacpoole North is the second of the three initial exploration targets identified by AuStar within the Morning Star Dyke. | |
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