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Ausgold Ltd.
Summary
| Project: | Katanning | |
|---|---|---|
| Deposit: | Jinkas South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-3-2020: Ausgold Ltd. announces an Exploration/Drilling Update report for its Jinkas South deposit at the Katanning project. Drilling results incl. 20m @ 0.94g/t Au from 119m. Ausgold Limited (ASX: AUC) (“Ausgold” or the “Company”) is pleased to announc | |
| Resources: | (Resources, Total): 33.93Mt @ 1.10g/t 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 February and March the Company completed a program of 23 RC drill program holes for 2,797m and DHEM within the Central Zone (Figure 1 and 2). This new work has identified targets which have 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). Drilling at Jinkas South has targeted the broad zone of gold mineralisation extending down dip and south of the Jinkas Resource. Significant intercepts from this RC drilling are shown in Table 1. The new drilling has intersected several broad zones of gold mineralisation which show continuity along 400m of strike length (Figure 3 and 4). Significant intercepts include | |
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