Austin Gold Corp. has received all analytical results for the four exploration drill holes completed during August at its Kelly Creek project, Humboldt County, Nevada. Totaling 1062 m (3485 ft) of rotary-reverse circulation drilling, the holes were designed to drill beneath anomalous gold values encountered in shallow historical drill holes in an area of thin Quaternary alluvium cover.

Difficult drilling conditions, including large inflows of groundwater, prevented the holes from achieving a targeted depth of 457 m (1500 ft). All holes intersected rocks that may host gold mineralization similar to the deposits at the nearby Marigold and Lone Tree mines. The high gold values returned are 0.087 g/t and 0.056 g/t. Austin is compiling and interpreting this information to determine its next steps at Kelly Creek.

Austin continues to advance permitting for drilling programs at its Fourmile Basin Project, Nye County, Nevada, and Stockade Mountain Project, Malheur County, Oregon. At Fourmile Basin, the target is the source of gold/silver mineralized float that occurs over a large portion of the project area. At Stockade Mountain, the drilling program will test beneath high-level gold/silver-bearing stockworks mineralization encountered in historical drill holes for high-grade vein deposits formed deeper in the hydrothermal system.

Historical drill intercepts include 7.6 m (25 ft) averaging 2.784 g/t gold and 4.6 m (15 ft) averaging 1.385 g/t gold.