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Ausgold Ltd.

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Summary

Project:

Katanning

Deposit:Burong
Location:Australia
Commodities:Gold
Date:2/26/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:26-2-2020: Ausgold Ltd. announces an Exploration/Drilling Update report for its Burong deposit at the Katanning project. Drilling results incl. 6m @ 290ppb Au from 30m. Ausgold Limited (ASX: AUC) (“Ausgold” or “the Company”) is pleased to provide an updat
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Matthew Greentree (Internal)
ABSTRACT:Ausgold Limited (ASX: AUC) (“Ausgold” or “the Company”) is pleased to provide an update of exploration activities at its 100%-owned Katanning Gold Project (KGP) in Western Australia’s south-west Yilgarn craton. Burong aircore drilling Ausgold’s recent program of regional exploration included an aircore (AC) drill program of 156 holes for 4,366m, conducted on wide-spaced centres (40m x 80m and 60m x 160m). The primary focus of AC drilling was the Burong prospect, which is located 7km west from the Central Zone Resource area at the KGP. AC drilling at the Burong prospect has identified a new mineralised trend with a coherent >100 ppb gold anomaly extending over a 1.2 km strike length. This gold anomaly is closely associated with sulphidic mafic and ultramafic granulites which are known to be host for gold mineralisation at the KGP deposit. This new mineralised trend remains open along strike and is parallel to a major regional fault which extends eastward towards the Datatine

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