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Ausgold Ltd.
Summary
| Project: | Katanning | |
|---|---|---|
| Deposit: | Jinkas South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2018: Ausgold Ltd. announces an Exploration/Drilling Update report for its Jinkas South deposit at the Katanning project. Drilling results incl. 10m @ 2.09g/t Au from 84m. 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: | [Resources]: Rod Brown (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Ausgold Limited (ASX: AUC) (“Ausgold” or “the Company”) is pleased to announce results of reverse circulation (RC) drilling from Jinkas South at its 100%-owned Katanning Gold Project (KGP) in Western Australia’s south-west. Ausgold commenced a significant RC drill program of 24,000m at the start of February (ASX, 7 February 2018), with 32 holes for 6,216 m’s completed on wide-spaced traverses (80 x 100m and 80 x 160m) over the Jinkas South, Fraser, Lukin, Jackson and Olympia prospects. The current round of RC drilling is testing targets identified during recent air core (AC) drilling and geophysical programs RC drilling 340m south along strike from the Jinkas Resource has intersected a broad zone of gold mineralisation which remains untested for a further extension of 300m along strike (Figure 2, ASX release 13 February 2018 and 3 August 2017). Drilling has tested the southern extensions of the Jinkas mineralised trend. Mineralisation in this area is located in an up-plunge (shallower) position from the main Jinkas mineralisation with the majority of intercepts between 55m and 100m in depth. The shallow mineralisation supports the Company’s geological interpretation and provides significant potential for the extension of the Jinkas Resource further along strike to the south and down dip to the east. | |
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