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Ausgold Ltd.
Summary
| Project: | Katanning | |
|---|---|---|
| Deposit: | Jinkas South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-4-2018: Ausgold Ltd. announces an Exploration/Drilling Update report for its Jinkas South deposit at the Katanning project. Drilling results incl. 26m @ 6.6g/t Au from 117m. Ausgold Limited (ASX: AUC) (“Ausgold” or “the Company”) is pleased to announce | |
| 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 (RC) drilling at the Jinkas South prospect, one of many near-resource targets recently identified at its 100%-owned Katanning Gold Project (KGP) in Western Australia’s south-west (Figure 1). An additional eight RC holes for 1,138m were drilled at Jinkas South during March following up positive results from wide spaced (80 x 120m) drilling (Tables 1 and 2; Figures 2 - 4) and seeking to expand the broad zone of gold mineralisation identified at the prospect, which lies approximately 275m south along strike from the Jinkas deposit (ASX release 13 February 2018 and 6 March 2018). The eastern-most hole drilled in this program (BSRC0814) intersected a significant zone of high grade gold mineralisation similar in width and grade to those found along the northern portion of the Jinkas Resource (Table 1 and Figure 2). Assays of this hole returned. High-grade gold mineralisation intersected in BSRC0814 is east of and down dip from the quartz monzonite that separates the Jinkas lode from the White Dam (Fraser Resource) lode. In this position the Jinkas and White Dam lodes are brought close together (Figures 2 and 3), partly explaining the width of the intercept in BSRC0814. This position was also intersected elsewhere along strike including in BSRC0812 (Figure 4). | |
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