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8 November, 2025
Aueka! Drillers find visible ‘gold spots’
This discovery could point to the fresh high-grade potential north of an existing 56,500 ounce inferred resource at Comstock, with the company indicating the new results are from just the second hole logged of a seven-hole program.
AUREKA Limited has hit visible gold in seven separate spots within a single diamond drill hole at its emerging Comstock prospect near St Arnaud.
This discovery could point to the fresh high-grade potential north of an existing 56,500 ounce inferred resource at Comstock, with the company indicating the new results are from just the second hole logged of a seven-hole program.
Aureka Ltd managing director James Gurry said: “It is wonderful to see occurrences of visible gold now at St Arnaud Comstock”.
Management said its fine grains of visible gold appear littered throughout quartz veins between 115.4m and 124.1m down hole, as logging and sampling continue on the hole and in four others.
With laboratory assays due in about three weeks for some 2253m of drilling, the signs of life at depth look promising for this historically high-grade goldfield. The company says a detailed review of the local stratigraphy is running alongside the lab work to additionally sharpen future drill targets.
Since acquisition of tenements within the St Arnaud Gold Project, Aureka has conducted multiple exploration programs aiming to identify the northern extensions of the St Arnaud Goldfield obscured by the Murray Basin Cover.
St Arnaud once averaged 15g/t across 400,000 ounces of mined gold. The old Comstock pit lies in a fenced public reserve just 2km north of the St Arnaud township, close to several operating mills that could handle small-scale toll treating if grades continue to hold up.
As of open of market yesterday, Aureka Ltd (AKA) on the ASX was trading at 14 cents per share, which is up 3.85% over the day and 28.57% over the last 12 months.
Read More: St Arnaud