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Ausgold Ltd.
Summary
| Project: | Katanning | |
|---|---|---|
| Deposit: | Jinkas South, Jackson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-1-2020: Ausgold Ltd. announces an Exploration/Drilling Update report for its Jinkas South, Jackson deposit at the Katanning project. Drilling results incl. 12m @ 3.52g/t Au from 120m. Ausgold Limited (ASX: AUC) (“Ausgold” or the “Company”) is pleased t | |
| Resources: | (Resources, Total): 33.9Mt @ 1.10g/t Au (1.2Moz 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 Central Zone within its 100%-owned Katanning Gold Project (“KGP”) in Western Australia’s southwest. During December the Company completed a program of 23 RC drill program holes for 2,753m within the Central Zone. This new drilling targeted extensions of recently identified high-grade gold mineralisation at the Jinkas South and Jackson (Figure 1 & 2) deposits. High-grade mineralisation in both areas has the potential to significantly add both grade and total ounces to the current KGP Mineral Resource, which stands at 33.1 million tonnes grading 1.10 g/t Au for 1.2 million ounces of gold (Table 3). Most of the recent drill program was conducted at Jinkas South targeting high-grade gold mineralisation. Recent drilling at Jinkas South included 16 holes for 2,240m which have intersected gold mineralisation a further 400m along strike. | |
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