Australasian Metals reports promising gold results from its maiden drill program at the Mount Clermont polymetallic project in Central Queensland.

Twelve drill holes were drilled for 1272m to test and verify historical drilling in an area the company believes has the potential to define a maiden resource.

“Our 2022 drilling program has successfully verified the historical data, but most importantly, several exploration holes show the potential to grow the current defined mineralisation further, which is very exciting,” managing director Qingtao Zeng said.

Intercepts included 3m at 1.12 g/t gold from 61m; 16m at 1.38 g/t gold from 18m depth; and 11m at 1.61 g/t gold from 128m (including 5m at 3.40 g/t from 128m).

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The project lies within the Anakie Province of the Drummond Basin, about 60km by road north-west of Emerald.

Recent Australasian Metals field investigation mapped an extension of the Retro Extended veining at Mount Clermont for about 400m south of the most southern drillhole at the prospect.

High-grade historic drill intercepts at Retro Extended include 8m at 16.1 g/t gold, 143 g/t silver, 5.6 per cent copper, 7.8 per cent lead.

Australasian Metals plans a data review and modelling the orebody for grade interpolation.

The company said more exploration would be planned for the south-west end of the current known mineralisation.