Au Gold Corp Completes Surface Sampling and Begins Drill Targeting at its Havelock Gold-Antimony Project, Victoria, Australia
Au has completed sampling at Havelock and initiated drilling in Victoria’s gold belt.
Au Gold Corp (AUGC) provided an operational update on its Havelock Gold-Antimony project in Victoria, Australia, confirming that drill targeting is underway and discussions with diamond drilling contractors have commenced. The company has completed the reconstruction of historical workings on the Shaw-McFarlane Trend (SMT), providing critical data for designing focused diamond drilling programs.
Phase 2 surface sampling is in progress, including approximately 1,000 soil samples and 144 rock samples. Assay results from recent orientation and intensive sampling are anticipated in August 2026. Drill targeting is being designed for parallel and oblique structures west of the SMT reef line, including Harvey’s Reef, Lund’s Reef, and Ant Reef. The company does not envisage significant additional surface rock sampling beyond current campaigns, considering them sufficient for the first phase of diamond drill targeting.
This update follows the company's acquisition of the Havelock project in March 2026 and the subsequent commencement of field exploration and sampling programs.
AU Gold Corp. (AUGC) announced an expected, incremental step in its exploration work program, confirming that surface sampling will precede drilling. Management previously indicated that assay results are expected in mid-2026, with drilling commencing in Q3 2026.
The update confirms operational progress but does not disclose new assay results, resource definitions, or drilling results. The market likely priced in this progression following the March acquisition and April/May sampling updates.
Au Gold Corp (TSX-V: AUGC) is an exploration-stage company focused on the Havelock Gold-Antimony Project in central Victoria, Australia. The project spans 11,663 hectares and hosts shallow, undrilled epizonal and mesozonal gold-antimony targets along the ~9 km Shaw-McFarlane Trend and the newly identified Oxonian Trend.
Historic mining in the 1880s-1900s recovered high-grade quartz-antimony reefs, with recorded grades of 1-10 oz/ton. The McFarlane Shaft and McFarlane Dam are identified as highest priority targets. No modern diamond drilling has been completed to date. The company is in the early exploration phase, relying on historical data reconstruction and surface sampling to prioritize drill targets.
Management is led by Founder & CEO Marc Blythe, with technical oversight by Exploration Manager William Wengzynowski, P.Eng.