Business
Austin Gold Projects Update
Summary AUST has received gold assay results from the drilling of four holes at the Miller Project located at the southern end of the Carlin gold trend in Elko
About this update from Austin Gold Corp.
[{"type":"text","content":" Summary AUST has received gold assay results from the drilling of four holes at the Miller Project located at the southern end of the Carlin gold trend in Elko County, Nevada; The State of Oregon has approved the Exploration Permit for drilling at the Stockade Mountain Project, Malheur County, Oregon; With both the Bureau of Land Management and Oregon permits in hand, AUST plans to drill ten holes at Stockade Mountain, subject to drill rig availability; AUST continues data compilation, evaluation, and planning of a geophysics program on its Lone Mountain Project, Elko County, Nevada; AUST is fully funded for the planned exploration programs discussed herein. Vancouver, British Columbia--(Newsfile Corp. - September 20, 2023) - Austin Gold Corp. (NYSE American: AUST) (\"Austin\" or the \"Company\") provides the following projects updates. Austin has received gold assay results for the drilling program at its Miller Project located at the southern end of the Carlin gold trend in Elko County, Nevada. Four holes totalling 6,565 feet (\"ft\") (2,001 meters (\"m\")) were drilled to target Carlin-type gold mineralization hypothesized to occur beneath Quaternary gravels and Tertiary volcanic rocks. The primary purpose of this drilling program was to determine if suitable Carlin-type host rocks occurred at reasonable depth in areas with gold and multi-element biogeochemical anomalies. Two of the holes encountered the Paleozoic sedimentary rock section at depths of 985 ft (300 m) and 940 ft (286.5 m) respectively that may include the suitable host rocks, whereas two of the holes were ended in Tertiary volcanics at depths of 1,800 ft (548.6 m) and 1,545 ft (470.9 m) respectively. Some of the sample intervals in the Paleozoic rocks contained detectable gold up to 0.099 grams per tonne (\"g/t\"), whereas high values of 0.116 and 0.208 g/t gold are hosted by volcanic rocks interpreted to be Eocene in age. A thorough evaluation of data from the drilling program is pending receipt of multi-element geochemistry results and check samples. At the Stockade Mountain Project, Malheur County, Oregon, the Exploration Permit application has been approved by the Oregon Department of Geology and Mineral Industries to drill up to sixteen holes. Approval by the United States Bureau of Land Management of the \"Notice\" to conduct exploration activities was p...