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Great Southern Mining Ltd.
Summary
| Project: | Cox's Find | |
|---|---|---|
| Deposit: | Cox's Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2019: Great Southern Mining Ltd. announces an Exploration/Drilling Update report for its Cox's Find deposit at the Cox's Find project. Drilling results incl. 8m @ 9.43g/t Au from 73m. Great Southern Mining (ASX: GSN or the “Company”) is pleased to a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bryce Healy (Noventum Group Pty Ltd.) | |
| ABSTRACT: | Great Southern Mining (ASX: GSN or the “Company”) is pleased to advise further updates on the Company’s maiden exploration program at the Cox’s Find Gold Project (the Project). The preliminary RC drill program was focused on shallow high-grade gold mineralisation adjacent to the historic underground developments. Drill targets were identified from the integration and modelling of historic mining and exploration data from the past 80 years. The results from the Company’s maiden drilling program has enabled the technical team to update the geological model with definition of the high-grade mineralization trends and is seen as the first stage in unlocking the true potential of the Cox’s Find Gold Project and creating value for shareholders. Importantly, the grade and width of the intersections in the drill holes confirms that the mineralisation style and grade is consistent with what was mined by Western Mining Corporation between 1936 and 1942. Commenting on the potential at Cox’s Find and the exploration results from the maiden drilling program, GSN’s Executive Chairman John Terpu said: “The Company is extremely pleased with the outcomes from our maiden drilling program at Cox’s Find. We have a far better understanding of the deposit, its geology and the existence of the remnant ore. We are progressively delineating some exciting structural and regional targets to test as well as examining some near-term development scenarios around potential monetization of the remnant mineralization. GSN is the first company to explore the Project systematically, using modern exploration methods, in nearly three decades. The results demonstrate that the Project is one of the highest, if not the highest, grading deposits along the immediate strike. Following our disciplined and measured approach to the exploration program we will now interpret the significant amount of data acquired and prioritise targets for our planned extensional drilling program in early 2020. | |
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