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Ausgold Ltd.
Summary
| Project: | Katanning | |
|---|---|---|
| Deposit: | Jinkas South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-4-2019: Ausgold Ltd. announces an Exploration/Drilling Update report for its Jinkas South deposit at the Katanning project. Drilling results incl. 16m @ 6.21g/t Au from 114m. Ausgold Limited (ASX: AUC) (“Ausgold” or the “Company”) is pleased to announce | |
| Resources: | (Resource, Total): 25.10Mt @ 1.29g/t Au for 1038Koz Au | |
| CP/QP: | [Overall Report]: Matthew Greentree (Internal) | |
| ABSTRACT: | Ausgold Limited (ASX: AUC) (“Ausgold” or the “Company”) is pleased to announce the results of reverse circulation drilling (RC) at the Jinkas South prospect, within its 100%-owned Katanning Gold Project (“KGP”) in Western Australia’s south-west. As announced on 7 March 2019, the Company commenced a RC drill program at the KGP, which includes nine RC holes drilled for 1,316m targeting high-grade gold mineralisation within the Jinkas South area (Figure 1). This area has the potential to significantly add both grade and total ounces to the current KGP Mineral Resource, which stands at 25.1 million tonnes grading 1.29 g/t Au for 1.04 million ounces of gold (Table 3). Significant intercepts from the recent RC drilling at Jinkas South are shown in Table 1, Figures 2, 3, 4 and 5 and include high-grade mineralisation which shows continuity along strike: | |
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