AUSTAR GOLD : MORNING STAR EXPLORATION UPDATE McNALLY'S REEF DRILLING CONTINUES TO YIELD SPECTACULAR RESULTS
Material results received to date include: L9016 0.20m @ 2,540.11 g/t Au uphole (visible gold observed in core) (McNally's Reef), interpreted as 0.65m @ 782.2 g/t Au.
L9017 0.41m @ 71.55 g/t uphole (McNally's Reef) including: 0.16m @ 152.43 g/t Au (visible gold observed in core).
L9011 0.30m @ 6.36 g/t Au uphole (McNally's Reef).
The intersections from L9016 and L9017 are all located approximately 10 metres away from an earlier drill-hole L9006 (0.28m @ 20.47 g/t Au) 1 . Infill drilling is ongoing to target the western and eastern down-dip extensions of the McNally's Reef in the favourable dyke - sediment overhang position. Drilling has identified a high-grade pod of mineralisation that remains open to the south-east extending from the western side of the dyke. Further work is planned to test the strength of mineralisation to the south-east.
Continuing Exploration Program
Exploration at Morning Star is continuing from the No. 9 Level south drill chamber for the purpose of testing the McNally's Reef for additional production potential.
Drilling is also continuing from the No 9 level North down into the area below the Level. Results from the first holes of this drilling campaign are still pending.
Drilling productivity has also improved markedly with modifications and changes made to both rigs engaged underground with AuStar's contractors. These improvements will result in a faster delineation and testing of exploration targets within the Morning Star dyke.
McNally's reef continues to dip gentle 20o - 25o to the south-east (mine grid) and continues below the No. 7 Level.
A second section of the McNally's Reef appears to mineralised along the western contact of the Morning Star dyke (drilling results within this release).
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