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Ausgold Ltd.
Summary
| Project: | Katanning | |
|---|---|---|
| Deposit: | Datatine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-3-2018: Ausgold Ltd. announces an Exploration/Drilling Update report for its Datatine deposit at the Katanning project. Drilling results incl. 13.4m @ 1.7g/t Au from 66m. Ausgold Limited (ASX: AUC) (“Ausgold” or “the Company”) is pleased to announce en | |
| Resources: | (Resource, Total): 20.9Mt @ 1.17g/t Au for 785Koz at Katanning | |
| CP/QP: | [Overall Report]: Matthew Greentree (Internal) | |
| ABSTRACT: | Ausgold Limited (ASX: AUC) (“Ausgold” or “the Company”) is pleased to announce encouraging results from diamond and aircore (AC) drilling at the Datatine prospect, approximately 8km north of the main resource areas within its 100%-owned Katanning Gold Project (KGP) in Western Australia’s south-west. The diamond drilling program comprised six holes for 676m and was conducted with funding assistance from the WA government under the Exploration Incentive Scheme (EIS). Its aim was to gather information that would aid Ausgold in improving its understanding of the geometry of high grade gold mineralisation in the prospect area. The AC drill campaign of twenty four holes for 816m was completed over the course of December 2017 and January 2018, with the program designed to target the geological contact between the granite footwall and greenstones in the northern part of the Datatine prospect (Figure 1). Mineralisation identified at Datatine is not currently included in the KGP Mineral Resource (20.98 Mt at 1.17 g/t gold for 785,800 ounces of gold) and has the potential to add materially to the KGP’s gold inventory. | |
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