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Auravelle Metals Limited (ASX:AUV)

ALERT: Price-sensitive ASX Announcement for AUV
Current share price for AUV : $0.007 0.001 (8.33%)+
Announcement
Release
12 Aug 2026 8:18AM
Price at Release
$0.006
Full Release
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Summary
Auravelle Metals Limited has completed its inaugural soil sampling program at the Skye Gold Project in South Australia, testing new targets and filling historical work gaps. The results, expected in late Q3 CY2026, will aid in developing targets for a maiden drill program anticipated in 2027. Skye is strategically located near significant gold discoveries and deposits. The program involved collecting 530 soil samples across optimized grid spacings, marking a significant step in expanding Auravelle's exploration pipeline in the region.
Key Points
  • AUV completed its first soil sampling program at Skye Project in South Australia.
  • The program tested new targets over multiple interpreted structures and filled gaps in historical work.
  • Results from the sampling are expected in late Q3 CY2026.
  • The results will guide target generation for a maiden drill program expected in early 2027.
  • Skye is located 30km along strike from Marmota’s Greenewood gold discovery and on the same trend as Barton Gold’s Challenger gold deposit.
  • Approximately 530 soil samples were collected on either 200 by 200m or 400 by 400m grid spacing.
  • The program is designed to expand Auravelle's exploration pipeline in South Australia.
  • Auravelle considers Skye to be an under-explored but compelling gold target.
  • The completion of this program is a step towards a maiden drilling program at Skye.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.