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Ausgold Ltd.
Summary
| Project: | Katanning | |
|---|---|---|
| Deposit: | Western Trends | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2019: Ausgold Ltd. announces an Exploration/Drilling Update report for its Western Trends deposit at the Katanning project. Drilling results incl. 9m @ 0.45g/t Au from 39m. Ausgold Limited (ASX: AUC) (“Ausgold” or “the Company”) is pleased to announce | |
| Resources: | (Resource, Total): 25.10Mt @ 1.29g/t Au for 1038Koz Au | |
| CP/QP: | [Overall Report]: Matthew Greentree (Internal) | |
| ABSTRACT: | Ausgold Limited (ASX: AUC) (“Ausgold” or “the Company”) is pleased to announce results of the maiden air core (AC) drill program at the newly identified Western Trends prospects at its 100%-owned Katanning Gold Project (KGP) in Western Australia’s south-west Yilgarn craton. The recent exploration program includes ground gravity, auger soils (840 samples) sampling, and a wide-spaced AC drill program of 98 holes for 3,506m to test large gold-in-soil anomalies along the two newly identified prospects collectively referred to as the Western Trends (Figure 1). Historical auger sampling collected at 1km spacings (ASX announcement, 19 September 2018) and recent followup 200m x 200m-spaced auger sampling has defined a broad zone of mineralisation > 10 ppb gold with peak values of 114 ppb gold. Gold anomalism occurs along an interpreted antiform adjacent to a regionally significant strike slip fault. New AC drilling intersected anomalous gold > 100 ppb gold in regolith and fresh rock with all holes drilled to blade refusal 3 - 51m depths (Figure 2 and 3). AC drilling has been conducted on wide-spaced holes (120m x 275m and 60m x 160m; Table 1 & Table 2). | |
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