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Ausgold Ltd.
Summary
| Project: | Katanning | |
|---|---|---|
| Deposit: | Jinkas South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-5-2018: Ausgold Ltd. announces an Exploration/Drilling Update report for its Jinkas South deposit at the Katanning project. Drilling results incl. 15m @ 3.66g/t Au from 117m. Ausgold Limited (ASX: AUC) (“Ausgold” or “the Company”) is pleased to announc | |
| 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 the results of recent reverse circulation drilling (RC) at the Jinkas South and Fraser prospects within its 100%-owned Katanning Gold Project (KGP) in Western Australia’s south-west. The 24 RC holes drilled for 3,496m at Jinkas South and Fraser were designed to test the strike extent of mineralisation within these areas. Both trends are known to be laterally extensive and remain open along strike and down dip. Recent drilling has also tested for mineralisation 2,300m south along strike from the Jinkas deposit (Figures 1 and 2). The Jinkas and White Dam Resources comprise the majority of the total KGP Mineral Resource, which stands at 20.98 million tonnes grading 1.17 g/t Au for 785,000 ounces of gold (Table 3). The recent drilling is likely to provide geological confidence to better delineate mineralisation over a considerable strike length, with significant high grade mineralisation intersected at Jinkas South. With the positive drilling results from the major exploration program underway at the KGP, Ausgold’s confidence is increasing that it will materially grow the project’s Resource over the course of 2018. | |
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