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Great Southern Mining Ltd.
Summary
| Project: | Cox's Find | |
|---|---|---|
| Deposit: | Cox's Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-2-2020: Great Southern Mining Ltd. announces a Resource Estimation report for its Cox's Find deposit at the Cox's Find project. Exploration Target established for project. Great Southern Mining (ASX: GSN or the “Company”) is pleased announce further re | |
| Resources: | Exploration Target: 260 - 480Kt @ 15 - 25g/t Au | |
| CP/QP: | [Overall Report]: Bryce Healy (Noventum Group Pty Ltd.) | |
| ABSTRACT: | Great Southern Mining (ASX: GSN or the “Company”) is pleased announce further results of the Company’s maiden exploration program at the Cox’s Find Gold Project (the Project). Several new, near mine targets have been defined and drilling has confirmed remnant high grade mineralisation adjacent to Western Mining Corporations (WMC) high grade mine operated in the late 1930’s to early 1940’s, which yielded 107,000 tonnes at an average grade of 22g/t gold for 77,000 ounces. GSN and its consultants have identified multiple high-priority structural targets with an estimated gold Exploration Target* around these analogues of 260,000 to 480,000 tonnes at a grade range between 15-25 g/t Au. The recent lithological and structural mapping along with interpretation of high-resolution magnetic data and calibration with the recent drilling data supports the target generation. An extensive Programs of Works (PoW) to account for the expanded drilling and exploration program has been approved by the DMIRS and the project wide geochemical auger program and drill program will be commencing shortly. GSN’s Chairman John Terpu commented that “The Company is extremely pleased with the outcomes from our maiden drilling program at Cox’s Find. We have achieved our goal of confirming the presence of remnant historical ore and now have a better understanding of the geology. A robust geological model has been developed utilizing all the recent drilling, geological mapping and new geophysical data. This work has assisted in defining our step out drill targets around Cox’s Find and supported the potential of untested near-mine extensions of the current deposit. The Company looks forward to progressing our exploration on these targets early this year.” | |
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