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Ausgold Ltd.

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Summary

Project:

Jinkas

Deposit:Jinkas South
Location:Australia
Commodities:Gold
Date:7/9/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:9-7-2020: Ausgold Ltd. announces an Exploration/Drilling Update report for its Jinkas South deposit at the Jinkas project. Drilling results incl. 5m @ 13.67g/t Au from 120m. Ausgold Limited (ASX: AUC) (“Ausgold” or the “Company”) is pleased to announce th
Resources:(refer full report tab)
CP/QP:[Overall Report] Matthew Greentree (Internal)
ABSTRACT:Ausgold Limited (ASX: AUC) (“Ausgold” or the “Company”) is pleased to announce the results for the first 6 holes of a 21 hole 3,200m program of reverse circulation (RC) drilling at the Central Zone within its 100%-owned Katanning Gold Project (“KGP”) in Western Australia’s south-west. New drilling has used down hole electromagnetic (DHEM) and Moving Loop EM (MLEM) to target drilling located along strike from areas of high-grade gold mineralisation intercepted at the Jinkas South and Jinkas areas (Figure 1 & Figure 2). Significant intercepts from this RC drilling are shown in Table 1 and Figures 1 and 2 including: These drilling results are highly significant as they validate both the geological model that is predicting the location of high grade gold mineralisation and the effectiveness of the geophysics being used to directly target this mineralisation. Most importantly they show the potential for the Jinkas South lode to add substantial high grade ounces to the existing 1.2 million ounce gold Resource at Katanning.

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