Austin Metals Limited announced the second batch of aircore drilling assays within the northern Mt Sandy Block within the Austin Gold Project in Western Australia. During March of this year, Austin Metals completed a total of 27 shallow aircore holes for 1,301 metres in the northern Mt Sandy area in an initial reconnaissance program. The primary aim of the drilling was to define shallow, low-level anomalies >0.05 g/t Au in areas defined by subtle gravity low `breaks' identified in the ground gravity survey, particularly those in a similar orientation to the high-grade structures identified by Musgrave Minerals such as Starlight.

The highlight new assay aircore results have been returned at the newly discovered Overdrive prospect as a direct result of targeting structures interpreted from the new gravity data. The aircore drilling has defined a 50m thick zone of weathered to fresh mafic rocks with variable quartz veining (>5%) that is interpreted to dip west where it is open. Thick zones of quartz veining is all highly elevated in gold >40-50ppb Au with internal higher grade intersections: 6m at 1.0 g/t Au* from 12m in SAAC204; and 11m at 0.1 g/t Au* from 12m in SAAC203 (at end of hole); 4m at 0.1 g/t Au from 40m & 4m at 0.1 g/t Au from 44m in SCI021 which represents a separate zone within sedimentary rocks and black shale near the contact with mafic rocks.

The zone of gold-bearing quartz veining at the Overdrive Prospect is strongly associated with a prominent north-trending gravity low that appears to be a secondary splay from the renowned Tuckabianna West regional shear zone that bounds the eastern edge Mt Magnet greenstone belt. Interestingly, the largest area of continuous alluvial workings at Mt Sandy that are observed over an area of 700m by 450m occur immediately to the north of these exciting new drill results at Overdrive. Bedrock drilling has never been conducted beneath the extensive workings to the north of gold-bearing veins intersected in SAAC204 so the structure remains open and untested for several hundred metres or more.