Augustus Minerals Confirms Wide Gold Zones with High-Grade Intervals at Music Well

High-Grade Intervals Within Broad Mineralisation

Augustus Minerals (ASX:AUG) has delivered encouraging assay results from its March 2026 reverse circulation (RC) drilling program at the Clifton East prospect, part of the Music Well Gold Project in Western Australia. The one-metre fire assays, which followed initial 4m composite sampling, confirm wide zones of gold mineralisation with higher-grade shoots embedded within. A standout intercept includes 7.90 grams per tonne (g/t) gold over 1m from 37-38m in hole MWRC0006, illustrating the prospect's capacity to host significant grade variability within a generally consistent envelope.

These results suggest a relatively uniform distribution of gold, described by GM Exploration Andrew Ford as "non-nuggety," which reduces the complexity of grade estimation for future resource modelling. Key intercepts from the 1m assays include 11m at 2.41g/t gold from 32m in MWRC0006 and 34m at 0.83g/t gold from 38m in MWRC0010, supporting the continuity of mineralisation along the 1.2km soil gold anomaly.

Expanding Drill Coverage and Geological Insights

The recent drilling campaign added 11 holes for 1,650m, extending coverage to about 400m along strike with drill lines spaced between 40m and 80m. Notably, the program drilled deeper into fresh rock than the initial campaign, reaching depths of up to 150m at a nominal -55 degree dip. This fresh rock sampling is expected to yield valuable mineralogical and alteration data, critical for understanding the deposit's controls and potential.

Updated geological interpretation now suggests the main mineralised shear zone dips approximately 40 degrees to the north-northwest, subparallel to thin dolerite dykes intruding the structure. This revised dip model will be tested further in an upcoming diamond drilling program aimed at firming up the mineralisation geometry and gathering detailed structural and alteration information.

Strategic Exploration Plans and Regional Significance

Beyond Clifton East, Augustus plans soil sampling at other promising prospects within Music Well, including Black Cat East and Teutonic East, to expand its footprint and identify additional drill targets. The project itself covers over 1,242 square kilometres in the highly prospective Leonora-Laverton Greenstone Belt, a prolific gold district hosting over 28 million ounces of gold, with operating mines like Darlot and King of the Hills nearby.

This extensive landholding and proximity to established operations underscore Music Well's strategic value. The geological setting at Clifton East shares similarities with the Gold Cities group of deposits near Kalgoorlie, known for hosting over 1.4 million ounces of gold in granite-hosted systems, enhancing the prospectivity of Augustus's tenements.

Assays from the latest drilling have been submitted to the Kalgoorlie laboratory, with results expected within five weeks. The diamond drilling program's timing is contingent on site access following recent wet weather, but its commencement is anticipated shortly, marking a critical next step in advancing the project.