Earnings release
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SILVER CITY MINERALS LIMITED a 29 October 2021 Silver City Minerals Limited ( ASX : SCI ) ( Silver City or Company ) is pleased to provide the following summary of its activities for the three ( 3 ) months ending 30 September 2021 ( Period ) and events subsequent . Highlights reuosiel SCI QUARTERLY ACTIVITIES REPORT For the 3 Months Ending 30 September 2021 Austin Gold Project ( WA ) : On 26 July 2021 , Silver City completed the acquisition of an 80 % interest in the highly prospective Austin Gold Project from Gardner Mining Pty Ltd through the acquisition of Gardner Tenements Pty Ltd ( " GT " ) . The Austin Gold Project is located in the prolific Murchison gold mining district and occurs adjacent to Musgrave Minerals Limited ( ASX : MGV ) Cue Gold Project , including the high - grade Break of Day group of deposits and recent discoveries . An extensive drill program was completed during the September quarter , the first ever conducted by the Company . The program comprised : A total of 30 RC drill holes for 3,563 metres as well as 4 diamond holes for 466 metres at the Brians , Brunswick Hill and Mt Sandy Prospects where high grade gold has been encountered in historic drilling and / or rock sampling ; and A total of 168 shallow aircore drill holes for a total of 4,300m at the Shadow Intrusive target area where gold nuggets have been discovered at surface as well as widespread gold anomalism from a recent soil program . Assays are pending for all RC , diamond and aircore holes Broken Hill Project - Copper Blow Trend ( NSW ) : An extensive rock sampling program was completed across the tenure to assess the regional copper - gold potential . Results are pending . Tindery Gold Project ( NSW ) : An extensive soil sampling program is now complete . Results have been received and interpretation are currently in progress . REVIEW OF OPERATIONS Austin Gold Project ( WA ) Silver City announced on 26 July 2021 , that it had finalised its due diligence and completed the acquisition for an 80 % interest in the Austin Gold Project through the acquisition of 80 % of the shares in the capital of GT from the Vendor ( " Acquisition " ) , as previously announced to the ASX on 7 April 2021. The Austin Gold Project is located in the highly prospective Murchison greenstone province of Western Australia , directly adjacent to the Cue Gold Project owned by Musgrave Minerals Limited ( ASX : MGV ) , which includes the high grade Break of Day Deposit and Starlight discovery ( Figure 1 ) . Mr Darren White was appointed to the board of SCI as a Non - executive Director on 23 July 2021. Mr White is a successful and well - respected WA based businessman with over 30 years ' experience in mining operations , in particular , key business areas of drilling and blasting . Silver City is delighted to welcome Mr White to the board and his skills in the mining sector will be a significant advantage for the company during exploration campaigns in the coming months . Suite 9 , 330 Churchill Avenue , Subiaco WA 6008 I PO Box 866 , Subiaco WA 6904 P + 61 8 6489 1600 | F + 61 8 6489 1601 | E www.silvercityminerals.com.au | ABN 68 130 933 309