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Auravelle Metals Limited (ASX:AUV)

ALERT: Price-sensitive ASX Announcement for AUV
Current share price for AUV : $0.008 -0.015 (-65.22%)+
Announcement
Release
3 Nov 2025 8:19AM
Price at Release
$0.023
Full Release
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Summary
Auravelle Metals Limited reported the results of their recent RC drill program at the Sheoak prospect within the Nuckulla Hill Project in South Australia. The campaign included three RC holes totaling 366 meters, extending the known gold mineralisation 100 meters to the north. This follows up on previous high-grade intercepts, and the newest findings include 4 meters at 1.6g/t Au. The company plans further in-fill and extensional drilling at Sheoak to better understand the mineralisation's orientation and geometry. The mineralisation at Sheoak is interpreted as hydrothermal lode-style, shear zone-hosted gold, with structurally controlled zones of alteration and minor sulphides. Auravelle is committed to continued exploration activities with significant news flow expected from other projects.
Key Points
  • Sheoak RC drill program comprised three holes for 366 meters.
  • Drilling extends gold mineralisation 100 meters north.
  • Recent intercept includes 4m @ 1.6g/t Au.
  • Next phase to focus on depth and strike extensions.
  • Plan includes in-fill and extensional drilling.
  • Sheoak mineralisation is hydrothermal lode-style.
  • Auravelle's exploration activities ongoing in South Australia.
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.