Austin Gold Corp

Description

Austin Gold Corp is a US-listed (NYSE American) gold exploration company holding three projects across Nevada and Oregon, the 70%-owned Kelly Creek project and the Lone Mountain project in Nevada, and the 100%-owned Stockade Mountain project in Oregon. The company's most encouraging historical drill results come from Stockade Mountain, including a 7.6-metre intercept grading 2.784 g/t gold, while recent Kelly Creek drilling returned only modest peak assays of 0.087 g/t gold.

No NI 43-101-compliant resource estimate, PEA, PFS, or DFS exists at any project. The company deferred planned reverse-circulation drilling at Stockade Mountain from 2025 to 2026 to incorporate CSAMT geophysical survey results into drill targeting, and continues geological mapping and geochemical sampling at the largely untested Lone Mountain property.

Weakness

List of projects

Project 1: Stockade Mountain Project — 100% interest, Malheur County, Oregon, USA; metals: Gold.
Project 2: Kelly Creek Project — 70% interest, Humboldt County, Nevada, USA; metals: Gold.
Project 3: Lone Mountain Project — interest not fully disclosed, Elko County, Nevada, USA; metals: Gold.

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