Austin Metals Limited announced the completion of a major phase of aircore drilling where preliminary assays have been received at the Shadow Prospect Area within the Austin Gold Project in Western Australia. During the months of March of this year and also July 2021, Austin Metals completed a total of 193 shallow aircore holes for 5,168 metres at the Shadow target area. 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.

Gold-in-soil geochemical anomalies identified from the ultrafine fraction soil survey as well as extensive gold nuggets observed by prospectors at surface. 3. North-west trending structures identified in the airborne magnetic data. First aircore drilling results from the recent program designed to test for low level anomalous gold on targets identified from gravity work has returned excellent results.

Gold has been discovered in 3 new prospects in the Shadow area from the shallow reconnaissance drilling including: An 800 x 200m gold zone at the new Everlong Prospect, which remains open: 6m at 1.2 g/t Au from 24m; 30m at 0.2 g/t Au from 15m (incl. 6m at 0.4 g/t Au). The new Generator Prospect where limited drilling intersected: 2m at 0.7 g/t Au from 40m (at end of hole).

The association of widespread gold-bearing quartz veining at Everlong with subtle gravity low breaks confirm the new targeting strategy is highly effective and will be also utilised in future drill programs.