Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 80

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 6
Chunk 80
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 179 exploration holes were drilled totaling 84,690 feet (2,581 meters).

Teck Cominco American Inc. was the first company to complete comprehensive data compilation and district-wide geochemistry and geophysical programs during their 2006 to 2008 leasehold. Beginning in 2006, Teck began a geologic compilation effort from which they created a complete digital data base that is functional in the GIS environment. This was followed by district-scale geological, geochemical, and geophysical (magnetic survey) programs. New geological mapping was completed if historical mapping was insufficient. Based on the preliminary results Teck planned 14 drill holes for the 2007 exploration year but only four of the holes were drilled due to the late start of their program. In 2008 Teck divested themselves of all gold projects, world-wide, and all data and the digital database were returned to NAMMCO with no further drilling.

Table of Contents

A summary of exploration activity conducted up to 2008 is shown in Table 1.

Table 1 - Exploration Activity up to 2008

  Exploration Activity      Pre-Teck                                      Teck (2006-2008)                     
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Soil Samples              3,787                                         2,654                                
  Rock Samples              1,770                                         551                                  
  Geophysics-Magnetics      Airborne Aero Mag (image only)                364 Line Miles (586 kilometers)      
  Geophysics-Gravity        Kennecott-North Jasperoid Target              -----                                
  Geophysics-IP             Gradient Array/HEM (Geoterex-Image Only)      5.9 miles (9.5 kilometers)           
  Drilling                  179 holes (84,690 feet / 2,581meters)         4 holes (5,690 feet / 1,734 meters)  

Global Geoscience Ltd. leased the property in 2012 and farmed it out to Osisko Mining Inc. (“Osisko”) who conducted geological mapping, surface geochemical sampling, ground magnetic surveys, gravity surveys, drilling and claim staking during 2012. The geochemical sampling programs included 2,196 soil samples, 209 stream sediment samples and 117 rock samples. Osisko completed 13 holes for a total of approximately 14,975 feet (4,565 meters) of RC drilling. At the South Jasper